Severstal 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…Details
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In 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…Details
The 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.…Details
In 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…Details
Anatoly 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…Details
Yuzhniy 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…Details
In January-June Ukraine exported 36.723 thousand tons of scrap, down 7.4-fold YoY, valued at $10.086 million, down 8.8-fold. According to the State Fiscal Service, in June 0.208 thousand tons of scrap were exported, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March – 8.246 thousand tons, in February – 8.252…Details
Niman miners team LLC, extracting alluvial gold on the territory of Khabarovsk region, since the start of the season has obtained 70 kg of gold, down almost 2-fold YoY. The current washing season started almost a week later than usual – on May 6. One of the reasons of the low output was heavy rains…Details
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked upon a large-scale overhaul of its steelmaking capacities, namely BOFs and associated dedusting equipment in BOF Shop No. 2. The overhaul will increase the shop’s productivity by 18% from 8.5 million tons to 10 million tons of steel per year and cut air emissions by 70%.…Details
Baikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…Details
In January-June Ukraine exported $4.8 billion worth of ferrous metals, down by 11.1% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.6% of all export revenue, down from 23.21% in H1 2018. In June ferrous metals export revenue reached $728.42 million. Imports in 6 months dropped by 4.5%, to $600.65 million, with…Details
Mariupol Ilyich Iron and Steel Works within a major investment reconstruction project is modernizing its wide-strip mill in the sheet-rolling shop 1700. The company has received the last batch of equipment with the combined weight of over 900 tons. Investments in the project total $85 million. The first stage of the shop reconstruction was completed…Details
Following DTEK Rovenkiantrazit LLC and DTEK Komsomolets Donbassa Mine LLC bankruptcy, last week saw the start of a bankruptcy procedure at the Yenakievo Iron and Steel Works. The company has been one of the main rolled metal manufacturers of Metinvest. On July 1 the Commercial court of Donetsk region started bankruptcy proceedings of the company.…Details