Severstal – Balakovo Bar Works has shipped 2 million tons of metal. The 2-millionth ton was produced in late June.
The company produces and sells billets and construction bars. The anniversary ton of rebars No. 8 has been supplied to the metal trading company StroyMetProfil in Moscow region. (Ukrainian metal)
Alfa-Bank has provided financing of $200 million to Evraz NTMK. The loan has been issued for 6 years. “We are proud of our 10-year cooperation with one of the largest industrial groups of Russia – Evraz NTMK. When working with reliable borrowers, we are ready not only to take decisions quickly, but also provide funds…
DetailsSchneider Electric has finished modernization of the automatization and electricity supply system in the smoke exhaust department of the oxygen-converter shop of Magnitogorsk Iron and Steel Works. This allowed MMK to decrease electricity consumption by 36% and provide for faultless operation of the important technological site. “This is the first project of energy efficiency improvement…
DetailsIn June Ukraine produced 1.593 million tons of steel, down by 13% YoY. This resulted in the fall from the 13th position among world steel manufacturers occupied by Ukraine in May to the 14th. In June 67 countries produced 141 million tons of steel, up by 3.2% YoY. China leads the rating with 73.2 million…
DetailsAs part of his working trip to Pavlodar region, Prime Minister of Kazakhstan Bakytzhan Sagintayev visited the Bozshakol mining and processing complex. During the visit, CEO of Kaz Minerals PLC Oleg Novachuk told Prime Minister Sagintayev that the complex was set to produce 100,000 tons of copper annually when it reached its designed capacity. Some…
DetailsPAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has acquired from Gazprombank rights for loans and accrued interest of Metal-group LLC worth over 12 billion rubles as well as collateral for the loans. Metal-group LLC is the owner of the mining license for the central part of Yakovlevsky iron-ore…
DetailsIn January-June Kamensk-Uralsky Non-Ferrous Metals Processing Works produced 9.3 thousand tons of non-ferrous rolled metal as well as 1.4 thousand tons of powder, up by 14.2% YoY. The share of KUZOTsM in the Russian non-ferrous metals output increased by 3%, to 36%. The company has also increase sales by 15% YoY. In particular, rolled copper…
DetailsSumy NPI (Ukraine) and ArcelorMittal Temirtau have signed an agreement on the delivery of liquid-packed ring pumps and their rotors. According to Sumy NPO chief sales manager Oleg Semesenko, the company will supply 2 VVN2-150m pumps and three rotors. The capacity of the machinery is 150 cubic meters per minute. The weight of each pump…
DetailsIn January-June Kemerovo region enterprises increased coal output by 10% YoY, to 118.3 million tons, with exports up by 15%. The highest growth was demonstrated by SUEK-Kuzbass (by 1.8 million tons), Kiyzassky Open-Pit (by 1.7 million tons), Kuzbassrazrezugol (by 1.2 million tons), Raspadskaya Coal Company and Stroyservice (by 1.1 million tons each). Coal deliveries to…
DetailsGaysky Mining and Processing Works has started constructing the new electronic scale complex to weigh products sent via automobiles from the copper and zinc concentrate warehouse of the processing factory. The estimated cost of the construction is 6.3 million rubles. The new complex will be put in operation in the second half of the year.…
DetailsChelyabinsk Iron and Steel Works has smelted the first large billet weighing 50 tons. The new technology to produce super-sized billets of special steel grades will allow ChMK to enter a new market and sell locally, as well as export. There are not many companies in the world capable of producing such billets, as the…
DetailsDneprovsky Iron and Steel Combine is finishing preparations to start operations. According to the company technical director Konstantin Nesvet, on July 21 it is planned to start loading the blast furnace No. 9. The converter shop started receiving water for cooling, and the section rolling shop prepares to put its heating furnace into operation. Raw…
DetailsBlack Iron (Canada) intends to prepare a new feasibility study of the project to create the iron ore concentrate manufacture at the Shimanovskoye deposits in Dniepropetrovsk region. The company has attracted BBA Inc. to prepare the study. The document is expected to be complete at the end of the year. “The current exchange rate has…
DetailsThe Panyutino Car Repairing Works, a subsidiary of Ukrzaliznytsia, has ordered the Kremenchuk Steel Works the delivery of side frames and bolsters valued at 79.32 million UAH. By the end of the year the company will have supplied 2 thousand side frames valued at 26.92 thousand UAH apiece and 1 thousand bolsters at 25.34 thousand…
DetailsIn January-June Evraz Dneprovsky Iron and Steel Works produced 388 thousand tons of steel, down by 30.7% YoY. Rolled metal output dropped by 29%, to 323 thousand tons, including 197 thousand tons of semi-finished products, down by 25.1%. The company decreased pig iron output by 8.9%, to 489 thousand tons. According to Evraz, the output…
DetailsBratsk Ferroalloy Works, LLC has started reconstructing the ferroalloy furnace No. 3. The repair will result in the 30% increase of output and a 10-13% decrease in energy consumption. Reconstruction will cost some 1 billion rubles. In addition to new equipment the company intends to assemble 530 tons of metal structures, use 640 cubic meters…
DetailsChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…
DetailsNovgorodsky Iron and Steel Works is preparing for the scheduled repairs of its MAERZ furnace, the main copper-smelting machine of the enterprise. The furnace will be put out of operation in late July. The repair is expected to be carried out in 7 days. The work will be carried out by NMZ employees. The capacity…
DetailsThe net profit of Severstal plunged by 62.1% QoQ, to $163 million in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on July 20. But revenue increased by 9.3%, to $1.931 billion and EBITDA rose by 8.8%, to $629 million. In January-June, the net profit of the company…
DetailsChairman of the Board of Kyrgyzaltyn Almaz Alimbekov commented on reduction in the share of Kyrgyzstan in Centerra Cold Inc. Earlier it was reported that share of Kyrgyzstan decreased by 6% because of the additional issue of shares. According to Almaz Alimbekov, the additional share issue of Centerra Cold Inc. will allow Kyrgyzaltyn to receive…
DetailsUkraine’s Energy and Coal Industry Ministry plans to make legal arrangements towards Turkish companies that buy coal from the areas temporarily not under control of the Ukrainian government, minister Ihor Nasalyk reported. “The ministry sent letters to the embassies of eight countries where coal from the ATO zone could be sold. The most problematic is…
DetailsUkraine will do without anthracite coal in 18 months, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “In 18 months we would not raise the issue of anthracite coal purchases for thermal power plants (TPPs). We would still have to buy it for combined heat and power plants (CHPPs),” he noted. Nasalyk said…
DetailsNornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…
DetailsIn April-June MMK increased steel output by 3.8% QoQ, to 3.182 million tons. Capacities were 90% loaded. Pig iron manufacture increased by 8.7% QoQ, to 2.578 million tons. The growth has to do with the scheduled repair of blast furnace No. 10 in Q1. Sales in Q2 reached 2.882 million tons, up by 5.9% QoQ,…
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