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In 2020, Cherepovets Iron and Steel Works will continue its large-scale infrastructure modernization program and will spend some 4.5 billion rubles on it. “The program is planned for 10 years. This year we intend to carry out 25 projects. The main are the replacement of lifting mechanisms, fire systems, conveyers and transformers, as well as…
DetailsIn January-February, metal companies in Ukraine retained gas consumption on the previous year level – 310 million cubic meters. At the same time, electricity consumption decreased by 5%, to 1.83 billion kW-h. In 2019, metal companies decreased gas consumption by 2% YoY, to 1.8 billion cubic meters, and electricity consumption dropped by 5%, to 11.2…
DetailsHaving successfully restructured its debt, Interpipe retains its plans to invest $136 million in development in 2020-2022 despite unfavorable market situation. “We have such plans. Still, we want to see the changes on the global market. We believe the market has not reacted enough to all the events. It’s still early to make decisions”, the…
DetailsAll the coke, received by metal companies in January-February, that is 1.34 million tons, down by 13% YoY, was of Ukrainian make. The share of imported coke dropped to 0% from 7% last year. By-product coke plants received 2.01 million tons of coal, down by 14%, including 0.7 million tons of Ukrainian make, up by…
DetailsIn 2019, Ferrexpo received $403.293 million of net profit, up by 20.3% YoY. Revenue grew by 18.3%, to $1.506 billion. EBITDA increased by 17%, to $586 million. Capital investments went up by 83%, to $247 million. (Ukrainian metal)
DetailsPervouralsky Pipe Works, a part of ChTPZ, has carried out a project to optimize OCTG pipes manufacture, which will allow increasing output and improving quality control. In particular, the compressor-pump pipes manufacture is expected to grow by 50%, and casing pipes – by 30%. Investments totaled 50 million rubles. In 2019, ChTPZ accounted for 18%…
DetailsOver 3.3 thousand units of new machinery and equipment will be supplied to Kola Iron and Steel Company, a part of Norilsk Nickel, in 2020. Investments will total 2.6 billion rubles. In particular, the Severniy mine will receive dump trucks and drilling machines. Anode cells, new polymer-concrete baths and a lot of pump machines will…
DetailsIn 2019, Uralelectromed produced 413,346 tons of cathode copper, up by 3.2% YoY. This is the highest output ever. According to the chief engineer Alexei Korolyev, the high result is due to stable raw materials deliveries as well as using highly efficient machinery in the new copper electrolysis shop. The company has also increased blue…
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