Russia: Stoylensky GOK gets new technical director

Alexei Scherbakov has been appointed the technical director of Stoylensky Mining and Processing Works, a part of NLMK.

He will be responsible for improvement of the manufacture efficiency, technological processes and machinery, development of technical policy and technological development, as well as for reconstruction and technical modernization. (Ukrainian metal)

Russia: Evraz to expand beam range

Evraz is working on a new GOST to improve and expand the range of flanged beam in Russia.

At present the group already produces 135 sections of new GOST and 89 foreign analogues. The new document provides for the import replacement, EvrazHolding metal structures development manager Evgeniy Samarin said. (Ukrainian metal)

Ukraine: KRIOIC mine collapses

There has been a cave-in at the Oktyabrskaya mine of the Krivoy Rog Iron Ore Industrial Complex.

The rock collapsed at the depth of 1220 meters on June 6 at 8:55 local time.

According to the preliminary information, one miner has been trapped.

The rescue operation is underway. (Ukrainian metal)

Russia: Izhstal repairs EAF

Izhstal has finished capital repairs of its electric arc furnace, which produces alloyed, stainless and speed steels. “The EAF-25 produces the most profitable products. So we pay special attention to the conditions of the furnace. The repair will provide for the faultless operation of the furnace and decrease energy consumption and refractory materials usage”, the…


Russia: Sberbank and Severstal to collaborate on using blockchain technology

Sberbank and Severstal, the vertically integrated mining and metallurgical company, have announced collaboration in technological innovation. This year at the 11th St. Petersburg International Economic Forum Severstal and Sberbank presented their latest prototype, which would enable the secure transfer of international letters of credit using blockchain technology. During the demonstration, the companies tested the prototype…


Ukraine: Yuzhniy port to buy steel rope from Yuzhmetiz

The state enterprise Sea trade port Yuzhniy has chosen Yuzhmetiz LLC the supplier of steel ropes valued at almost 3 million UAH.

The company was created in 2001 and started participating in state tenders in 2009.

Another contender was the private firm Oriya. (Ukrainian metal)

Russia: CherMK completes sheet shop repair

Cherepovets Iron and Steel Works has finished repairs in the sheet-rolling shop valued at 10.8 million rubles.

In particular roll ovens No. 1 and 2 have been repaired. The overhaul was carried out by the specialists in 4 days.

Some 40 employees were involved in the work. (Ukrainian metal)

Russia: TMK places 10 billion rubles of bonds

Pipe Metallurgical Company has placed BO-07 bonds valued at 10 billion rubles (10 million shares at 1 thousand rubles each).

The interest rate is 9.35%.

The circulation period is 10 years, with a 4-year option.

The organizers were ATON, Alfa-Bank, BCS Global Markets, VTB Capital, Sovcombank and UniCredit Bank. (Ukrainian metal)