Ormet has started preparing the territory of the Luchistoye deposits for the quarry construction. In August the company will construct electricity lines, a substation and inner power grid. Investments into power infrastructure will total 2 million rubles. Equipment for the substation will cost around 4.6 million rubles. The first power objects will be commissioned in…Details
In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…Details
In January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…Details
MEGA-stal (Moscow region) has completed the manufacture modernization.
Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85.
The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)
Construction of a crane trestle has been completed at the smelting shop of Kola MMC (Nornickel Group). The engineering structure will optimize the operation of hoisting-and-conveying equipment in the shop and avoid scheduled downtime. Three overhead cranes serving shop’s main aisle are intended for charging materials into converters and casting of converted matte. According to…Details
The 280 mill of ZEMZ turns 75 years old. The mill, situated in the rolling shop No. 1, rolls circular section coils with 8-14 mm diameter, as well as rods of 14-26 mm diameter. Despite its age the mill copes well with all the tasks. In particular, in July it produced 306 tons of metal.…Details
Nornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…Details
The pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…Details
The decision of the state company Ukrzaliznytsia to introduce free price of cargo wagons makes Ukrainian scrap-procuring companies nervous. The ability to set prices for wagons will result in the increase of their price and the growth of expenses of all market participants, the UAVtormet association letter to the minister of economic development and trade…Details
In January-June KAZ Minerals produced 118 thousand tons of copper, up from 56 thousand tons in H1 2016. According to the company statement, it is sure of reaching the output target for this year of 225-260 thousand tons. “We are gradually increasing output at Aktogai processing factory”, the group CEO Oleg Novachuk declared. The project…Details
The Ministry of economy and trade of Mexico has set up preliminary compensation duties on imports of seamless steel pipes from Ukraine, as well as South Korea, Spain and India. Duty for Ukrainian pipe makers is $170.11 per ton. The antidumping investigation began on December 15, 2016, and covers the time frame from April 1,…Details
The order has been made under the contract concluded in March.
The total weight of 4 rolls is 132.530 tons. The rolls will be used in bar-rolling mills.
EMSS and AMKR have been cooperating since 2011. (Ukrainian metal)
In January-June Omolonskaya Gold Ore Company produced 2.6 tons of gold, up by 45% YoY. The main yield was from the Tsokol and Birkachan deposits. Gold contents in ore have grown by 12% since the start of the year, to 5.3 g per ton. In Q2 gold mining increased by 9%, to 94%. This year…Details
Bratsk Aluminum Works has received a certificate of compliance with ISO/TS 16949:2009. The document confirms the company entry to the foreign markets with metal for automobile industry. In 2015 BrAZ received its first orders to produce a trial batch of alloys for Italian and German customers. The audit has been carried out by DNV GL.…Details
In 2017 VSMPO-Avisma has spent over 20 million rubles on the repair of its own railroad.
According to the group, the manufacturing sites in Verkhyaya Salda are connected by some 40 km of railroad ways.
5 railroad cars have already delivered materials and spare parts. (Ukrainian metal)
The supervisory board of Evraz Sukhaya Balka, recently bought by DCH group from Evraz, appointed Alexander Yaroslavsky its chairman.
The election took place on August 2.
Yaroslavsky has been appointed chairman until the next annual shareholders meeting. (Ukrainian metal)
In January-July Electrostal (Donetsk region) produced 243.661 thousand tons of continuous cast billets, up by 23.12% YoY. According to the company report, 197.011 thousand tons were exported and the rest sold locally. In July Electrostal produced 41.887 thousand tons of billets, exporting 41.849 thousand tons. In 2016 the company increased billet output by 8.9% YoY,…Details
The State Service of Geology and Subsoil has ordered to suspend operation at 2 Evraz Sukhaya Balka mines – Yubileynaya and named after Frunze. In 1996 the company received 2 special licenses to mine for iron ore for 20 years. They expired in September 2016. The new licenses could be given when the investigation on…Details
The supervisory board of Khartsyzsk Pipe Works has terminated the term of office of the company CEO Denis Novikov, having appointed Kirill Avramenko, the deputy CEO of EMZ, instead. According to the company statement, the decision was taken on July 31. Novikov has served as the CEO from May 22, 2015 till July 31, 2017.…Details
Dneprovsky Iron and Steel Combine intends to switch its blast furnace No. 1M from natural gas to pulverized coal fuel. The furnace shop has started manufacture of slag and pig iron at the blast furnace No. 9. Blast furnaces have enough raw materials. BF9 was put into operation on August 1. DMK started blowing BFs1M…Details
Tulachermet has shut down its blast furnace No. 3 for scheduled repairs. The halt will not affect the planned output. In July the company had to produce 142 thousand tons of pig iron, and in August – 126 thousand tons. The BF3 was shut down on July 20, and the repairs are expected to last…Details
Energomashspetsstal has produced and shipped 2 low-pressure turbine rotors to the customer.
The machinery has been produced for Bharat Heavy Electrical Limited (India).
The total weight of the batch is 177.81 tons.
Delivery to Haridvar was carried out by railroad and sea transport. (Ukrainian metal)
The European Commission has started an antidumping investigation as to deliveries of Ukrainian and Egyptian ferrosilicon to the territory of the European Union. The investigation was started at the request of Euroalliages and would inspect ferrosilicon produced in Egypt and Ukraine and supplied to the EU from July 1, 2016 through June 30, 2017. The…Details
Evraz ZSMK has started producing V500V wire rod with the 10-40 mm diameter according to the British standard. This will allow Evraz to increase exports volume of wire rod and strengthen its position on the foreign market of construction rolled metal. The trial batch has been tested by CARES and confirmed its correspondence to BS…Details