The largest car manufacturer in Russia – AutoVAZ – has decided to continue cooperation with Rusal irrespective of the sanctions being removed from it or not. “The main goal of the company for now is to stay with Rusal. Of course, it would be clearer if the company is not controlled by a sanctioned person.…Details
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ChTPZ and Kurganstalmost have supplied metal for the construction of the Wall of Peace monument in Astana, Kazakhstan. The companies have produced seamless pipes with improved characteristics to be used in the steppe climate of Kazakhstan. The batch comprised over 100 tons of pipes with the diameter of 114 to 351 mm and the wall…Details
In January-June one of the largest coking coal producers in Russia – Raspadskaya – increased revenue by 23% YoY, to $542 million. Net profit grew by 34%, to $225 million, with EBITDA up from $235 million to $303 million. At the same time coal output decreased by 9%, to 5.4 million tons. (Ukrainian metal)Details
Zaporizhstal together with Zaporozhogneupor, Zaporozhkoks and Zaporozhye Casting-Mechanical Works under the annual program “First time to school” handed stationary kits to 5500 pupils, the children of their employees. Altogether the stationary kits cost 3.1 million UAH. The children who went to school for the first time received their first school bags with stationary kits. Children…Details
Under the request of the General Prosecutor’s Office of Ukraine the ex-CEO of Zaporozhye Titanium and Magnesium Works Vladimir Korolkov has been detained in Moscow. Korolkov has been declared wanted in 2017 under the investigation of embezzlement of 492 million UAH (14.8 million euro) granted for the modernization of the enterprise. Korolokov has been working…Details
In July Russia produced 4.475 million tons of pig iron, up by 3.9% YoY, with 4.331 million tons produced in June. In January-July Russia increased pig iron output by 1.3% YoY, to 30.39 million tons. Ukraine, though it has left CIS, improved pig iron output by 13.9% YoY, to 1.767 million tons in July, with…Details
Izhorsky Pipe Works has finished supplying over 100 thousand tons of large diameter pipes for the construction of the Kharampurskoye oil and gas condensate deposits in Yamalo-Nenets Autonomous District. According to the contract, the company started supplying pipes in Q2 2017, having successfully completed the delivery in summer 2018. ITZ produced LDP with the diameter…Details
In July MMK hot-rolling mill-2000 produced 527.955 thousand tons of metal, having set a new monthly output record. The previous record was set in May, when the mill produced 527.505 thousand tons. The mill, commissioned in 1994, is one the most powerful machines in Russia. It is situated in the sheet-rolling shop No. 10. In…Details
The prices of precious metals varied in Azerbaijan August 31, according to the data published by the Central Bank. The price of gold increased by 0.2822 manats, to 2,049.027 manats per ounce on August 31 compared to the price on August 30. The price of silver decreased by 0.052 manats, to 24.864 manats per ounce.…Details
In July Russia produced 6.17 million tons of steel, up by 0.8% YoY, with 5.972 million tons produced in June. In 7 months steel output totaled 42.094 million tons, up by 2.2% YoY. Ukraine, which has already withdrawn from CIS, increased steel output in July by 11.4% YoY, to 1.629 million tons, with 1.711 million…Details
Chelyabinsk Zinc Works produced a trial batch of wire made of indium alloys. The wire consists of 52% of indium and of 48% of tin. At present the company is studying the market. Trial samples of wire have been sent to prospective customers. (Ukrainian metal)Details
Karabashmed has put into operation the first of the three new converters. Investments in the construction of the converter shop totaled 1.1 billion rubles. The work started in October 2017. Three Kumera converters with the volume of 150 tons each have been assembled at the shop. They will increase output by 25%, to 150 thousand…Details
On August 30 the vault of the arc furnace at Bezhitskaya Stal was partially destroyed. 5 people were injured in the accident. The company is operating in the normal mode, no manufacturing process has been suspended. According to the preliminary inspection, it will not take long to resume the operation of the furnace. (Ukrainian metal)Details
The last fourth rest period in summer camps Parus and Burevesnik is over. A total of 2231 children had rest in Parus during summer, and 2005 children in Burevesnik. Summer camps were working based on four rest periods during 2018 season. Duration of every rest period comprised 18 days. This year teaching staff of Parus…Details
Employees of the state coalmining enterprises have organized a strike near the building of the Lviv regional state administration demanding their salary debt issues to be solved. The chairman of the administration Oleg Sinyutka promised to talk to the representatives of the Ministry of energy and coal industry on the matter. DTEK Energo reported that…Details
In July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad. According to the railroad statistics, deliveries dropped by 132.7% YoY. In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)Details