Karelsky Okatysh will modernize one of its main transportation lines – the K-17 conveyer, which is able to transport 3.2 thousand tons of ore per hour. “It was partially modernized in February, when an old engine was replaced with a more powerful one, which increased the speed and efficiency”, the company said. The second stage…Details
In 2018 Nadezhdinsky Iron and Steel Works received 1.32 billion rubles of net profit, up from 610.7 million rubles in 2017. This is also the highest result so far. At the same time, in 2016 the company received 1.2 billion rubles of net losses, in 2015 – 2 billion rubles and in 2014 – 4…Details
This year Severniy Mining and Processing Works intends to buy 16 BelAZ trucks.
3 of them have already been commissioned.
In one shift each dump truck will be able to transport around 800 cubic meters of rock.
Until the end of the year the works will be operating 91 dump trucks. (Ukrainian metal)
In January-March Ferrexpo produced 2.538 million tons of pellets, down by 1.8% YoY.
The decrease is due to the drop of 62% iron content pellets output – to 107.5 thousand tons from 149.9 thousand tons.
At the same time the manufacture of 65% iron content pellets fell by 0.2%, to 2.431 million tons. (Ukrainian metal)
In 2018, Magnitogorsk Iron and Steel Works (MMK) contributed a total of 8.967 billion rubles to environmental causes, up by 27% YoY. Most of the investment in environmental safety went towards the construction of environmental facilities. Last year, this effort received 5.845 billion rubles. As a whole, MMK’s Environmental Program for 2018 consisted of 84…Details
NLMK Group has appointed Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation. The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group’s former Vice President for the Development of Information Systems,…Details
Magnitogorsk Iron and Steel Works (MMK) has successfully adopted a new corporate information system (CIS) based on Oracle e-Business Suite v.12 technology. The previous version of Oracle e-Business Suite (EBS) has been used by MMK since 2004. MMK’s incorporation of Oracle EBS into its corporate information system has been recognized by Oracle as the most…Details
Volgograd-based Severstal Steel Ropes, an affiliate of steel maker Severstal, has completed an upgrade and plans to set foot on foreign markets, CEO of parent unit Severstal-Metiz Sergei Kovryakov reported. “We can raise the volume, but the Russian market does not grow that much. We plan to set foot on other markets, the European, Asian…Details
Tajikistan hopes to attract additional investments of $300 million in mining and metallurgical sphere. “The volume of investments in the next 5 years has to reach 2.73 billion somoni”, the government approved program of development till 2025 says. Additional investments will help local companies modernize existing capacities and commission new ones, as well as develop…Details
In March Energomashspetsstal supplied domestic customers with a wide range of products.
In particular, the company delivered a total of over 500 tons of products to 12 enterprises.
At present EMSS is producing supporting and working rolls for Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
Russian steelmaker Severstal has narrowed the coupon guidance for its 10-15-billion ruble bonds to 8.65-8.75% annually, which corresponded to an 8.84-8.94% annual yield to a 5-year buyback offer, a banking source reported. The initial guidance was set at 8.65-8.85% annually. The issue carries semiannual bonds. Technical placement is preliminarily scheduled for April 9. VTB Capital,…Details
Raspadskaya-Koksovaya mine has changed the method of coal extraction.
The switch will allow increasing coal output 2.5-fold.
The first long face to operate with the new mining method has been prepared. Its length is 225 meters and coal reserves are 886 thousand tons.
Monthly output is expected at 150 thousand tons. (Ukrainian metal)
The Sixth Administrative Court of Appeals refused to satisfy the claim of the Kiev prosecutors who demanded to cancel the special license given to the Ukrlitiydobycha LLC to extract lithium ore in Kirovograd region. The prosecutors said the license was given in violation of the legislation. The court said, that in 2011 the Ministry of…Details
Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 105.91 million UAH. In particular, the enterprise ordered 2.730 tons of diesel fuel at 26,397 UAH per ton, 610 tons of A-92 petrol at 27,864 UAH per ton 41 tons of white spirit at 48 UAH per…Details
Sukhaya Balka intends to borrow $30 million from the state Oschadbank and will also act as a guarantor on the similar loan of Dneprovsky Iron and Steel Works. These issues will be discussed at the annual shareholders meeting scheduled for April 11. The loan will be provided for 36 months with the interest rate of…Details
Russia is introducing licensing of aluminum discs imports from April 10 till October 9. The licensing will cover aluminum wheel discs produced in countries outside the Eurasian Economic Union. The development of the decree started in 2017, when the Ministry of Industry and Trade was discussing the issue of licensing aluminum discs imports from China.…Details
In March 113.3 million tons of cargo were transported by railroad, up by 0.5% YoY. In Q1 transportation grew by 0.7%, to 318.7 million tons. In particular, in three months Russian railroad transported 29.3 million tons of iron and manganese ore, up by 7.7%. The transportation of ferrous metals dropped by 1.7%, to 19.4 million…Details
Mechel-Service has supplied 750 tons of beams for the construction of a winter sports center in Irkutsk. This will be the largest center of its kind in Siberia and the Far East with the capacity of 6 thousand spectators. Investments will exceed 6 billion rubles. The hot-rolled construction beam, supplied by Mechel-Service, was produced at…Details
Denisovskaya factory set an absolute record of coal processing on March 27.
The factory processed almost 22 thousand tons of coal.
The day before, on March 26, another record was set at the factory – Denisovskaya mine extracted 4500 tons of coal. (Ukrainian metal)
In 2018 Buryatzoloto, the largest gold-mining company in the Republic of Buryatia, investments totaled 1.74 billion rubles, up by 3% YoY. Most of the funds – 725 million rubles – were spent on development and new technologies of the Irokinda and Kholbinsky mines. 600 million rubles were invested in modernization of the manufacturing capacities and…Details
NLMK Group, a global steel company, has begun hot testing of its accelerated cooling system at NLMK DanSteel’s hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company’s product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels. The new accelerated cooling system is…Details
A company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market.
The offering is proceeding with an accelerated book building.
VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)
The Ministry of Economic Development and Trade is initiating an antidumping investigation on the import of some Russian steel ropes. The ministry received a complaint from a Ukrainian manufacturer, claiming that in 2016-2018 imported Russian steel ropes price was below the prime cost of similar products. In 2018 the imports of Russian ropes grew by…Details
ArcelorMittal Kriviy Rih intends to increase 6% moisture coke manufacture by 6% YoY, to 2.878 million tons. A special car to quench coke valued at 8.8 million UAH is being assembled at the company. Together with work investments totaled 10 million UAH. The car was produced by Dneprotyazhmash. The new car will be used at…Details