Severstal has finalized the deal to sell Severstal Balakovo Bar Works to Abinsk Electrometallurgical Works. The cost of the deal is $215 million. The sale will let Severstal focus on the steel manufacture at its main asset – Cherepovets Iron and Steel Works. Despite the sale of Balakovo Bar Works, Severstal retains its presence on…Details
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Managers of Ural Steel have participated in the commissioning of a briquetting line at the Akkermann Metal YuUGPK. The manufacture of high-strength briquettes is a novelty in the strategy of secondary slag processing. They are made of metal concentrate and cement with the addition of anthracite, magnesite, slurry and other agents. The capacity of the…Details
Severstal-Vtorchermet has finished capital repairs of the machine of scrap deep processing. The work has been completed in 14 days. This is the first large-scale repair of the machine since its commissioning in 2011. Some 149 employees participated in the work. A unique crane with the lifting capacity of 750 tons has been used. (Ukrainian…Details
Azovstal is carrying out a scheduled modernization of the oxygen shop machinery valued at 30 million UAH. The company has already commissioned an air-separating machine and is finishing the repair of the air compressor. Such repairs are carried out every year, as in time the capacity of the machine decreases by 5-10 thousand cubic meters…Details
Energomashspetsstal has received a new order to produce rolls for ArcelorMittal Italia. According to the agreement, EMSS will produce a large batch of rolls with the combined volume of 586 tons. The rolls have to be supplied in H1 2020. The EMSS-produced rolls will be used in cold- and hot-rolled mills. EMSS and AM have…Details
MMK-Metiz intends to commission a new mill to produce gauge wares this year. Investments totaled 600 million rubles. The company plans to modernize the manufacture of galvanized products and pipe fasteners. The large-scale investment program started in 2017. (Ukrainian metal)Details
Chelyabinsk Iron and Steel Works has produced the 2.5-mllionth ton of rolled metal since its rail and beam mill was commissioned. The mill was commissioned in 2013. Of 2.5 million tons rails account for 1 million tons, or 40%. Over 70% of the rails manufactured were supplied to RZD. (Ukrainian metal)Details
Severstal Distribution has supplied sheet metal for the 100-meter flagpole erected in Hamina to celebrate 100 years of Finland’s independence. The flagpole structure has been designed and produced by Severstal Distribution partner – Amira Group of Companies. The sections of the pole are made of 09G2S sheet steel with the diameter of 6 to 12…Details
In May Russia exported 246 tons of cobalt matte, down by 68.6% MoM and by 22.2% YoY. In 5 months exports dropped by 3.2%, to 1.9 thousand tons. In monetary terms since the start of the year the exports have decreased by 54%. Export prices in May dropped by 5% MoM, to $24 per kg.…Details
Since the start of the washing season Uryum has extracted 159.3 kg of gold, down by 6.3% YoY. The company started operating at its sites on May 20. The decrease in the output is due to flooding of some sites. Uryum is developing alluvial deposits in Zabaikalye region. In early July the Bukhta-Bugarikhta and Bolshemogochinshkoye…Details
ArcelorMittal’s Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment has been seized following a security service investigation, the plant’s acting head Oleksandr Ivanov said. The probe into Ukraine’s largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelensky, who has promised…Details
In Karaganda region Prime Minister of the Republic of Kazakhstan Askar Mamin participated in the grand opening of a ferroalloy plant and visited several mining and processing enterprises. The head of government congratulated those present on the launch of a new ferroalloy plant, underscoring the importance of a high-tech enterprise for further socio-economic development of…Details