In July Severstal-Metiz is celebrating 15 years since its creation. The company was founded on July 1, 2004 to manage three plants: Cherepovets Steel-Rolling Plant, Orel Steel-Rolling Plant and VolgoMetiz. Since then the company has invested over 12 billion rubles in the modernization of the enterprises. The plant in Orel since 2014 has been manufacturing…Details
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In June Russian Railways throughput totaled 101.6 million tons, down by 5.4% YoY. In H1 throughput dropped by 1.5%, to 633.6 million tons. Ferrous metals accounted for 38.2 million tons, down by 3.3%. In January-June 6.9 million tons of ferrous metals scrap were transported, down by 0.2%. At the same time transportation of iron and…Details
Chelyabinsk Pipe-Rolling Works will spend all of its 2018 net profit and a part of the profit from the previous years to pay dividends. The decision was taken on June 28 at the annual shareholders meeting. Shareholders and their representatives, owing 97.2715% of shares, participated in the meeting. The total amount to be paid is…Details
In June Yuzhniy Mining and Processing Works produced 997 thousand tons of concentrate, down by 0.9% YoY. At the same time the manufacture of sinter increased by 17.7%, to 103.7 thousand tons. In January-June UGOK produced 6275.6 thousand tons of concentrate, up by 3.6% YoY. But the sinter manufacture dropped by 25.3%, to 668.7 thousand…Details
In spite of the initiation of a bankruptcy case, Dneprovsky Iron and Steel Combine intends to operate in normal mode and have no delays. The bankruptcy case was initiated by the Commercial court of the Dniepropetrovsk region on May 31. According to the legislation, under such circumstances the company has limited ability to provide social…Details
Dalenergomost, a part of KAZ Minerals, has announced an auction to construct energy infrastructure for the Baimskoye copper-porphyry field in Chukotka Autonomous District. The initial (maximum) price of the contract is 17.363 billion rubles. The winner of the auction will have to construct an air electricity line with the length of 741,391 km. The offers…Details
The Russian government has made a decision to impose temporal quoting of scrap exports. From July 1 till December 31, the delivery of ferrous metals scrap and wastes to countries other than EAEU members will be subject to quantitative limitations. The Ministry of Finances and the Ministry of Economical Development have approved of the decision.…Details
The United Mining and Chemical Company, which manages Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works, has purchased new processing machinery manufactured by Mineral Technologies for IrGOK. Investments totaled 29 million UAH. The machinery has already been delivered. In particular, the company has received 8 models of various types of spiral separators,…Details
Severstal has successfully passed the MPA test and certification in Hannover, Germany for the polymer-coated rolled metal compliance with DIN 55928-8, DIN 55634-1, DIN EN 10346 and DIN 4102-1. This will allow the group exporting such metal to the construction market of EU. In March, MPA Hannover expert reviewed the samples made in the metal…Details
Korolevsky Pipe Works has expanded the range of its products. In particular, the company has mastered the manufacture of electric welded pipes with the diameter of 168, 219 and 273 mm and the wall thickness of 4 to 8 mm. St3, St20 and 09G2S steel is used in the manufacture of these pipes. (Ukrainian metal)Details
6 employees of the Gorskaya mine of the state enterprise Pervomayskugol have refused to return to the surface as a protest against the mine being cut off grid. The miners are at the depth of 700 meters. The attempt to cut the mine off grid was made on July 1. The Gorskaya mine is situated…Details
Russian power producer Unipro has filed an appeal to the Ninth Arbitration Court of Appeal against a lower court’s decision to terminate the company’s contract with Novokuznetsk Aluminium Smelter of the Russian aluminum giant UC RUSAL to receive more than 24 million rubles in debt redemption, Unipro said. The Novokuznetsk plant filed a suit previously…Details
At two plate-rolling workshops of Magnitogorsk Iron and Steel Works (MMK), a new digital system has been put in operation to monitor the number of cars that are in commercial operation. The system will allow for rapid identification of violations during work with rolling stock and significantly improve the efficiency of shipment unloading. In the…Details