The agency on architecture, city building and development of the Kaliningrad region authorities has granted the Investment Metal Union a right to construct a rolled metal warehouse on Dzerzhinsky Street in Kaliningrad. The document is valid until March 13, 2020. The one-storey building will have a size of 1.5 thousand square meters. In 2017 IMS…Details
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Since the start of the washing season the Vitim team has extracted 429 kg of gold on the territory of the Irkutsk region. Last year the result was 408 kg. This year the enterprise intends to obtain 2800 kg of gold. Thus, the output plan has been 15.3% fulfilled. In 2018 the yield was 2936…Details
The Koksoviy site, a part of PMH, has concluded an agreement with the official representative of BelAZ for the delivery of quarry dump trucks with the combined cost of some 3 billion rubles. According to the agreement, this year the site will receive 31 units of BelAZ machines (21 BelAZ-75581 and 10 BelAZ-75585) with the…Details
In January-April scrap procurement in Ukraine decreased to 1.042 million tons from 1.12 million tons last year. At the same time scrap deliveries to metal companies increased by 11%, to 988 thousand tons. As of May 1, scrap stocks at metal companies were estimated at 50-60 thousand tons. The main source of scrap is amortization…Details
Russia: NLMK Group and Lipetsk region sign memorandum to build new waste energy recovery power plant
NLMK Group, a global steel company, and the Administration of the Lipetsk region have signed a memorandum of intent to build a new recovery power plant at NLMK Lipetsk, running on by-product gases from hot-end operations. The project will enable a reduction in carbon oxide (CO) emissions by 3,000 tons per year and a decrease…Details
In May, prices of industrial products increased by 2.3% MoM and by 4.8% since December 2018. Mining companies increased prices by 7.4%, and processing by 3.4%. In particular, since the start of the year prices for metal ores have grown by 14.2%, and for coal by 10%. Zinc became 10.8% more expensive, ore – 6.6%,…Details
NLMK-Metiz has shipped to a client a trial batch of fasteners with the volume of 3.5 tons. The metal wares were ordered via the company e-store. Screws with dummy blocks, self-tapping screws for gypsum cardboard and wood, widely used in construction and furniture manufacture, have been shipped to the PromTechKom company. All the metal wares…Details
Mechel has concluded an agreement with BelAZ on the delivery of 15 quarry dump trucks with the combined cost of 2 billion rubles. The new machines with the lifting capacity of 130 to 220 tons will arrive at Mechel enterprises in Kemerovo and Irkutsk regions: 11 BelAZs will be operating at the Yuzhniy Kuzbass pits,…Details
Magnitogorsk Iron and Steel Works (MMK) has opened a bidding book for $500-million 5-year Eurobonds with a yield guidance of 4.75% annually, a banking source reported. The company has been holding meetings with investors in Moscow, European and U.S. cities since May 30. Citi, J.P. Morgan and Societe Generale are the organizers. (Prime/Ukrainian metal)Details
In 2018, Ferrexpo invested over 3.5 billion UAH (more than $139 million) in the development of Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 2.414 billion UAH ($90 million), and EGOK and BGOK – 1.073 billion UAH ($40 million). PGOK spent the funds mostly to maintain its operation (806 million UAH),…Details
The Ministry of industry and trade has prepared suggestions on quoting steel scrap exports by regions. “We are reviewing various mechanics to satisfy scrap demand in the country. We have prepared suggestions on quoting the export of scrap”, the deputy minister Victor Yevtukhov said. Various quote indexes are provided for different districts and regions. “Where…Details
Azovstal Iron and Steel Works has started shutting down its blast furnace No. 5. The furnace will be shut down for good. When it is fully cooled down, it will be disassembled. With the decommissioning of the blast furnace No. 5, air pollution will decrease, thus lowering the environment impact in the city of Mariupol.…Details
The key priority of MMK’s environmental policy is the implementation of measures included in the Clean Air program, which is part of “Ecology”, the national environmental project. By 2025, MMK aims to have reduced air emissions by 26,300 tons per year, which together with urban environmental activities will allow for a 20% reduction in total…Details