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In January-June Zagorsky Pipe Works sold 313 thousand tons of pipes, up 1.5-fold YoY. The main customer of the company was Gazprom. ZTZ has successfully finished testing K65 pipes. In 6 months personnel number has dropped from 1669 employees in January to 1528 in June. The company has spent 1.5 million rubles on social projects.…
DetailsRuspolymet has finished constructing the complex to produce metal powders and granules. The enterprise with the cost of 1.25 billion rubles is launched by Ruspolymet subsidiary – Grankom with the financial help from the Ministry of industry and trade (a loan of 750 million rubles). Some 100 jobs will be created. Of Grankom’s powders tool…
DetailsThe special economic zone of the industrial-manufacturing type Titanovaya dolina in Sverdlovsk region has welcomed three new residents, which will operate in the spheres of machine-building, metallurgy and electrical engineering. The combined investments in the projects reach 1.5 billion rubles. In particular, Tagil Steel will construct a plant to produce pipes for construction market. Over…
DetailsIn January-June Ukraine decreased pipes exports by 10% YoY, to 327.8 thousand tons, valued at $361.3 million, up by 9.7%. According to the State Fiscal Service, the share of pipe exports in the overall volume of foreign trade reached 1.48%. Ukraine exported 244 thousand tons of seamless pipes valued at $307.9 million, 73.5 thousand tons…
DetailsThe Cabinet of Ministers has approved the merger of Vostochniy Mining and Processing Works with the national nuclear power company Energoatom. The Prime Minister Vladimir Groysman has ordered the developers of the project to work it out till the end. VostGOK is the only uranium ore miner and uranium concentrate processor in Ukraine and the…
DetailsIn January-June Ukraine imported 10.5 million tons of coal valued at $1.476 billion, down by 4.2% YoY. According to the State Fiscal Service, Russia accounted for 62.4% of deliveries. USA supplied 31% of coal concentrate and Kazakhstan – 4.22%. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK) took part in the 10th International Industrial Exhibition INNOPROM 2019 in Yekaterinburg. At the exhibition, MMK presented technology, developed at the plant in 2018 for the production of rolled sheet cryogenic steel grade 0H9, which was widely used in the production, storage and transportation of liquefied and compressed natural…
DetailsSeverstal will construct the ball-rolling mill No. 3 at Cherepovets Iron and Steel Works. The machine will produce balls with the diameter of 65 to 100 mm. The two operating mills produce balls with the diameter of 20 to 60 mm. Investments will reach 840 million rubles. The capacity of the new mill will be…
DetailsIn January-May Russia exported 17.519 million tons of ferrous metals, down by 8.8% YoY. According to the Federal Customs Service, without ferroalloys, pig iron, wastes and scrap exports totaled 11.753 million tons, down by 7.6%. Semi-finished carbon steel exports dropped by 5.6%, to 6.417 million tons, and flat carbon steel – by 13.4%, to 2.926…
DetailsThe Cabinet of Ministers has decided to allocate additional UAH 1 billion in subsidies for state coalmines. Prime Minister Volodymyr Groysman stated this at a government meeting on July 10. “Other important issues are subsidies for Ukrainian coalmines, support and payment of wages. We’ve reached a decision to provide additional UAH 1 billion,” said Groysman.…
DetailsIn January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 736.4 million UAH of taxes to budgets of various levels. Thus, PGOK paid 599 million UAH, EGOK – 133.9 million UAH and BGOK – 3.5 million UAH. In particular, PGOK paid 76 million UAH to the local budget, 78 million UAH to…
DetailsAnatoly Sedykh, owner of OMK, has assessed the Russian market of wheels. “This year we plan to produce 950 thousand wheels, and next year we’ll increase the output by 50 thousand wheels. Evraz will increase output by 550 thousand pieces, to 1.5-1.6 million wheels. Moreover, there is also Interpipe on the Russian market, that’s 170-200…
DetailsYuzhniy Mining and Processing Works has invested almost 400 million UAH in the modernization of the technological section No. 13 of its ore-processing factory. This is one of the largest investment projects of UGOK in 2019. The work started last autumn, and so far new equipment has been assembled at almost all sites. Until 2022…
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