Gomel-Raton Free Economic Zone (Gomel-Raton FEZ) hosted a new resident – KolosEuroTech, planning to manufacture high-precision metal products.
KolosEuroTech is a Belarusian-Polish joint venture, intended to invest more than $1 million in high-precision metal production at Gomel-Raton FEZ.
Gomel-Raton FEZ is now home to 81 resident companies. (Prime-TASS/Ukrainian metal)
A new long face has been put into operation at the Osinnikovskaya mine, a part of Evraz. Its deposits are estimated at 1720 thousand tons of coking coal. In early December the mine reached its annual output plan in advance, yielding 1.5 million tons of coal. Such a result has been achieved for the first…
DetailsArcelorMittal Kriviy Rih reports pressure on the company on behalf of the law enforcing agencies. “80 managers have been called for interrogation to the prosecutor’s office. This is a pressure in hope that we would share something with these people. Most of them serve in law enforcing agencies”, the company CEO Paramjit Kahlon said. He…
DetailsMariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko says he will oppose Ukrzaliznytsia’s cargo transportation tariff increase in 2017. “Another round of this story begins. But I think we will battle them, though I’m unsure if we will succeed. It’s easier for Ukrzaliznytsia to increase tariffs to survive another year instead of modernizing and…
DetailsChinese businessmen will invest $2 million into the project of copper-gold concentrate production in Kentau. The factory is expected to produce some 200 tons of products per day. Within the program a processing shop with the capacity of 65 thousand tons per year will be reconstructed in Kentau. Ore will be supplied from the Yubileynoye…
DetailsIn summer 2017 construction of the Bratsk Electrometallurgical Works (Irkutsk region) will commence. At present the construction site for the mini-mill is being prepared. When the works is put into operation, it will create 600 jobs. In September the project was suspended because of the lack of investors. Investments are estimated at 7.3 billion rubles.…
DetailsMetinvest has started cooperation with Unisteel that has been idle for 4 years. The company will produce flat galvanized rolled metal to decrease the import share on the Ukrainian market. Soon Metinvest will start selling rolled metal produced at Unisteel. “Mariupol Ilyich has sent its first thousand tons of semi-finished rolled products to Unisteel”, Metinvest-SMC…
DetailsIn January-November Kemerovo region miners yielded 206.9 million tons of coal, up by 5.9% YoY. More than half of the total volume (133.7 million tons) was extracted via open-pit mining. The processing share in the total volume of coal mining reached 70.6%. Miners extracted 59.6 million tons of coking coal, up by 4.4% YoY. (Ukrainian…
DetailsIn November Novgorod Iron and Steel Works, a part of the Russian Copper Company, produced 6 thousand tons of copper cathodes, which was the best result since the company was put into operation in 2003. In December the output is expected to increase to 6.2 thousand tons. At first the capacity of the works was…
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2 years ago Karaganda Silicon Works was put back into operation after a long idle period. Now it plans to produce 23 thousand tons of products per year. Purity of the silicon produced at the works is almost 99%. The raw material base of the company is its own quartz deposits of 4 million tons.…
DetailsGold output on the Urup Island of Russia’s Kuril Islands will fall by 100 kilograms to 1.583 tons in 2016, but silver output will rise to 4.274 tons from 3.327 tons, local precious metals producer Kurilgeo said. Despite the production cut, revenue from the sales of gold is to increase by 11% to 4.3 billion…
DetailsThe Belarus government has set order volumes for scrap and ferrous and non-ferrous waste deliveries for state needs in 2017. Next year the country plans to procure 1.29 million tons of ferrous scrap and waste, as well as 19.2 thousand tons of non-ferrous scrap and waste. In particular, the Industry Ministry is supposed to procure…
DetailsIn December Corum Group supplied three headgear sheaves to Norilsk Nickel. According to the company statement, the machinery will be used at Taimyrsky and Zapolyarny mines to extract copper-nickel ores. Taymysrky mine is one of the deepest in Europe and Asia, mining there is carried out at the depth of 1450 meters. Corum Group and…
DetailsArcelorMittal Kriviy Rih intends to rent berths at the Olvia port in Nikolaev to transship its products. “We want to rent some berths at the port, but the process has been suspended”, AMKR CEO Paramjit Kahlon said. Ukraine has 18 seaports, with the most situated in Odessa region, including Odessa seaport and seaport Yuzny. (Ukrainian…
DetailsArcelorMittal Kriviy Rih CEO Paramjit Kahlon has noted the positive impact of the decree on scrap export duty increase on the company. “We don’t import scrap. But the government decision to impose a 30 euro per ton duty really helps us”, he said. “The scrap supplies have remained on the same level. At any rate…
DetailsIn January 2017 Ukraine will produce 2 million tons of steel, according to Ukrmetallurgprom forecast. Pig iron output will also reach 2 million tons, while that of rolled metal – 1.8 million tons. In January-November Ukraine produced 22.2 million tons of steel, 21.6 million tons of pig iron and 19.6 million tons of rolled metal,…
DetailsIn November the copper sulfate shop of Uralelectromed, a part of UMCC, produced 3.5 thousand tons of copper sulfate, up by 30% from the average monthly results.
The increase is believed to stem from the constant modernization of machinery. In 2015 the company worked out a program to increase productivity and output volumes. (Ukrainian metal)
In 2017 Chelaybinsk Pipe Works will decrease pipe supplies to its main clients – Gazprom, Transneft, Rosneft and Lukoil. The volumes will start growing again in 2018. According to ChTPZ estimates Gazprom might receive 205 thousand tons in 2017, down by 25% YoY, 345 thousand tons in 2018, 532 thousand tons in 2019 and 418…
DetailsEvraz NTMK has shipped rails for the construction of subway in the Georgia capital of Tbilisi. Over 350 tons of rails have already been shipped. R50 rails with the length of 25 meters will be used in the construction of a new station called “University”. Tbilisi subway was founded in 1966 and consists of 22…
DetailsAlchevsk Iron and Steel Works, situated on the terrorists-controlled territory, has put its blast furnace No. 1 into operation. The blast furnace has been in reserve after an overhaul since June 1, 2014. The daily output at the furnace ranges from 65% to 75% of its capacity. The increase is hindered by the shortage of…
DetailsMetinvest started supplying galvanized rolled metal to Poland.
“We used to supply these products to CIS and to the local market, but we have started to reorient on European customers”, Metinvest-SMC CEO Dmitry Lippa said.
Galvanized rolled metal is supplied to EU from Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…
DetailsIn 2017 Metinvest expects the steel consumption to slow down to 7% after a 26% jump in 2016. Next year the market will total 4.415 million tons against 4.122 million tons in 2016 and 3.269 million tons in 2015. Bars consumption will grow by 4% YoY, to 1.562 million tons, of shapes – by 17%,…
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