Mechel reports that the supervisory board of the Fund of industry development of the Ministry of Industry and Trade has approved providing a loan to Beloretsk Iron and Steel Works to carry out a project to modernize steel wire and rope manufacture. The cost of the project is 1.5 billion rubles, and the loan will…Details
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Cherepovets Iron and Steel Works has finished the assembly of the automated system of the coke-oven batteries Nos. 5 and 6 heating model. The total cost of the modernization was some 80 million rubles. Severstal Russian Steel investment department and CherMK coke shop No. 1 employees together with the subcontractors have equipped a control room…Details
In H2 Interpipe will start selling raw railroad axles on Ukrainian and CIS markets with the initial volume of 5 thousand pieces. According to the company statement, the start of sales was made possible to Interpipe NTZ passing all the test stages, receiving the manufacturer’s mark and the certification of the industrial batch of axles.…Details
In January-February, export prices increased by 11.1% YoY, and import prices – by 8.5%. In particular, ferrous metals export prices dropped by 5.3%, ferroalloys – by 3%, aluminum – by 2.7%, copper – by 2.3%, zinc – by 1.5% and chromium ores – by 1.7%. At the same tine coal prices grew by 14.7%, copper…Details
In 2022 Russian Copper Company intends to commission a mining and processing works within the project to develop Malmyzh gold-copper-porphyry deposit in Khabarovsk region. “We are currently performing geological and prospecting works. We are also designing the location of the main premises of the factory. The launch of the GOK is scheduled for 2022”, RCC…Details
RIAK, the plant that produces aluminum sections in Ingushetia, intends to double its output volumes. “From November, the company will reach its planned capacity of 6600 tons per year, thus increasing its output 2-fold”, the company CEO Magomet Tumgoyev said. The plant was opened in 2012, and the second stage launched in April 2018. 80…Details
In 2018 UGMK-Stal produced over 1.1 million tons of steel. In particular, Nadezhdinsky Iron and Steel Works increased output by 5% YoY. The company also sold 564 thousand tons of rolled metal and mastered the manufacture of 4 new sections and 13 steel grades. The share of rebars in the Electrostal Tyumeni output decreased to…Details
In 2018 PMH consolidated revenue exceeded 89 billion rubles, up by 5% YoY. The prime cost of products sold totaled 64.4 billion rubles, up by 12%. Gross profit dropped by 10%. EBITDA was 19.3 billion rubles, almost flat YoY. Net profit decreased by 83%, to 1.3 billion rubles, mostly due to currency exchange rate difference.…Details
NLMK participated in the Skolkovo Startup demo-day in Lipetsk as part of the Open Innovations Startup Tour. The tour aims at finding new promising projects. At the preliminary stage NLMK representatives have reviewed 40 projects in the sphere of metallurgy, energy, repair and HR. Leaders of the best projects have been invited to Lipetsk. In…Details
In February, Russia exported 403.5 thousand tons of raw aluminum, up by 48% MoM and by 61.7% YoY. Revenue grew by 51% and by 62.4% respectively, to $741 million. In January-February, exports totaled 675.8 thousand tons valued at $1232 million, up by 42% and by 40% YoY respectively. In February the average aluminum price was…Details
In January-march, the time to deliver ferrous scrap over railroad to metal companies totaled 5.1 days, up by 7.7% YoY. The minimal time (4.5 days) was in Q1 2015 and Q1 2017. This year the batches with the total weight of up to 260 tons (77% of all shippings) were delivered within 5.4 days, up…Details
Baldzha LLC, developing alluvial sites in Zabaikalye region, intends to yield some 800 kg of gold this year. The initial quota each year is 300 kg. But the enterprise tries to get more. Last year the plan was 700 kg, but the final result was 706 kg, an absolute record in 30 years. The washing…Details
In 2019 the gold-extracting factory of Polyus Aldan, which operates on the territory of the Kuranakh ore field in Yakutia, intends to process 5.6 million tons of ore with the average content of 1.2 g of gold per ton. In March the record volume of gold was received – 1 ton. By the end of…Details