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Russian aluminum producer RUSAL has started the last stage of preparation for the launch of Taishet Anode Plant, the company said in a statement. The launch is scheduled for March 2020, and the second stage is to be launched in 2023. The capacity of the first stage stands at 217,500 tons of product per year.…
DetailsNLMK Group has published its Q2 financial results. Revenue decreased by 10% YoY, due to lower sales volumes (-3%) as a result of overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations, and lower sales prices. Group revenue decreased by 3% QoQ, to $2.8 billion. The decrease in output was partially…
DetailsAt a meeting held on July 25 the Board of Directors of NLMK Group recommended the company’s shareholders approve Q2 dividend in the amount of 3.68 rubles per share at the upcoming Extraordinary General Shareholders Meeting (EGM) to take place on September 27. The list of persons eligible to participate in the EGM will be…
DetailsIn May Russia exported 1.4 thousand tons of raw chromium, down by 25% MoM and by 21.6% YoY. In 5 months exports decreased by 12.2% YoY, to 7.7 thousand tons. Deliveries to US fell by 14%, to 397 tons. In monetary terms since the start of the year exports have decreased by 14.1%. Export prices…
DetailsIn May Russia imported 2.4 thousand tons of aluminum scrap and wastes, up by 18.4% MoM, but down by 39.8% YoY. The share of Kazakhstan has reached 67.2%. In 5 months Russia imported 11.3 thousand tons of aluminum scrap and waste, down by 29% YoY. In monetary terms since the start of the year the…
DetailsThe volume of the domestic market of aluminum dishware in 2018 totaled 32 thousand tons, on par with the 2013 results (32.8 thousand tons). The main factors behind the revival of the market are the adaptation to the new level of price and the return of importers. By 2025 the market of aluminum dishware will…
DetailsSeverstal has finalized the deal to sell Severstal Balakovo Bar Works to Abinsk Electrometallurgical Works. The cost of the deal is $215 million. The sale will let Severstal focus on the steel manufacture at its main asset – Cherepovets Iron and Steel Works. Despite the sale of Balakovo Bar Works, Severstal retains its presence on…
DetailsManagers of Ural Steel have participated in the commissioning of a briquetting line at the Akkermann Metal YuUGPK. The manufacture of high-strength briquettes is a novelty in the strategy of secondary slag processing. They are made of metal concentrate and cement with the addition of anthracite, magnesite, slurry and other agents. The capacity of the…
DetailsSeverstal-Vtorchermet has finished capital repairs of the machine of scrap deep processing. The work has been completed in 14 days. This is the first large-scale repair of the machine since its commissioning in 2011. Some 149 employees participated in the work. A unique crane with the lifting capacity of 750 tons has been used. (Ukrainian…
DetailsAzovstal is carrying out a scheduled modernization of the oxygen shop machinery valued at 30 million UAH. The company has already commissioned an air-separating machine and is finishing the repair of the air compressor. Such repairs are carried out every year, as in time the capacity of the machine decreases by 5-10 thousand cubic meters…
DetailsEnergomashspetsstal has received a new order to produce rolls for ArcelorMittal Italia. According to the agreement, EMSS will produce a large batch of rolls with the combined volume of 586 tons. The rolls have to be supplied in H1 2020. The EMSS-produced rolls will be used in cold- and hot-rolled mills. EMSS and AM have…
DetailsMMK-Metiz intends to commission a new mill to produce gauge wares this year. Investments totaled 600 million rubles. The company plans to modernize the manufacture of galvanized products and pipe fasteners. The large-scale investment program started in 2017. (Ukrainian metal)
DetailsIn April-June Yakutugol mined 1.6 million tons of coal, up by 40% QoQ. Mine stripping increased by 25%, to 11.7 million cubic meters. Coal processing totaled 1.3 million tons, up by 12%. (Ukrainian metal)
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