In January-March, Russia decreased production of unalloyed steel and semi-finished products by 0.2% YoY. In March the output totaled 4.8 million tons, down by 7.4% YoY and by 0.1% MoM. According to the Federal Service of State Statistics, stainless steel manufacture dropped by 14.3% YoY, but grew by 13.4% MoM, to 14.3 thousand tons. In…
DetailsRostov Electrometallurgical Works LLC has been declared bankrupt. The claims to the company amount to 10.4 billion rubles. REMZ is one of the largest metal companies in the Rostov region. Its capacity is 730 thousand tons of steel and 530 thousand tons of bars per year. Revenue in 2017 totaled 1.09 billion rubles, and net…
DetailsRussia’s United Metallurgical Company (OMK) has launched construction of a 50-billion ruble seamless pipes facility at its subsidiary Vyksa Iron and Steel Works. “The goal of the project is to satisfy current and future demand in line and threaded seamless pipes, including pipelines for difficult production conditions and directional drilling by oil and gas companies…
DetailsInterdepartmental Commission has visited uranium deposit and measured the background radiation level, YurAsia company reported. The radiation background in the camp ranges from 30 to 72 micro-roentgens per hour, and at the quarry – 75 micro-roentgens per hour. The radiation background rose to 130 micro-roentgens per hour at the mining site. After the completion of…
DetailsDTEK has limited electricity supplies to the state enterprise Mine named after Surgay in Ugledar, Donetsk region. “On April 22, the electricity supplies to the mine were limited because of the debt of 322.5 million UAH”, the company said. The Ministry of energy, the State Service of the energy supervision and the city council of…
DetailsIn March, Dneprovsky Iron and Steel Combine produced 231.404 thousand tons of metal, up by 1.2% from the target. The works also produced 346.741 thousand tons of sinter (+3.5%), 202.638 thousand tons of pig iron (+4.3%) and 227.905 thousand tons of steel (+0.8%). The rolling shop manufactured 60.509 thousand tons of metal, with pipe site…
DetailsZaporozhye Iron Ore Complex has increased wages from April 1, by 15% on average. In Q1, two mines of the enterprise extracted 1.123 million tons of iron ore, up by 1% from the target, and sold 1.242 million tons, up by 7.8%. In March, ZZhRK mined 384.7 thousand tons of ore, up by 1% from…
DetailsShareholders of Makeevkoks, situated on the Ukraine-uncontrolled territory, refreshed the supervisory board, by removing two of its members, as well as changing the auditor. The decisions were taken at the shareholders’ meeting on April 18. In particular, the shareholders have re-elected Igor Nadych and Olga Vinogorodskaya as members of the supervisory board for three years,…
DetailsOn April 21, a Stepnaya mine employee of the state enterprise Lvivugol has been mortally injured. The locomotive driver was only 32 years old. A special commission to investigate the accident has been created. (Ukrainian metal)
DetailsIn January-March, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. The GOK fixed liabilities decreased from 352.6 million rubles to 337.8 million rubles, while short-term liabilities grew from 2.047 billion rubles to 2.053 billion rubles. Gross profit increased 18.5-fold, to 1.572…
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