NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…Details
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The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…Details
DTEK ESKO has modernized the lighting system in the transport and treatment department of the Azovstal converter shop. Instead of 713 old lamps, 553 LED-lamps now light the premises, consuming 90% less electricity. The lifetime of the new lamps is 15 years. Lighting systems will be modernized in other shop departments as well. (Ukrainian metal)Details
In February Ukraine exported 59.9 thousand tons of pipes valued at $61.6 million, up by 31.7% and by 20.9% MoM respectively. According to the Federal Fiscal Service, the share of pipes in the foreign trade was 1.41%. Ukraine exported 37.2 thousand tons of seamless pipes valued at $49.8 million, 20.4 thousand tons of other pipes…Details
Zlatoust Electrometallurgical Works is carrying out a major reconstruction project on the basis of the electric arc shop No. 3. The project envisages the addition of a press to make electrodes out of titanium sponge, a skull furnace, as well as two more furnaces, and other machinery. At present the skull furnace assembly has started.…Details
ArcelorMittal Kriviy Rih and its subsidiaries have started paying the so-called 13th salary to their employees. In March the company plans to spend some 300 million UAH (including taxes) on the project. The 13th salary is paid for the previous year of work based on the average size of the wage. In November 2017 –…Details
Severstal will buy a Korean compressor for Cherepovets Iron and Steel Works. The first deliveries of equipment are scheduled for autumn. The goal of the investment project is to decrease electricity consumption while producing air buy using energy efficient compressors. The assembly of the compressors will be finished next year. The total cost of the…Details
The gold and silver prices decreased in Azerbaijan on March 15. The price of gold dropped by 8.5425 manats, to 2,206.804 manats per ounce compared to the price on March 14. The price of silver went down by 0.165 manats, to 25.9619 manats per ounce. The price of platinum fell by 9.265 manats, to 1,410.048…Details
In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, semi-finished steel products accounted for 1.306 million tons, up by 9.3%, and flat rolled metal – 0.652 million tons, down by 10.5%. In monetary terms ferrous metals exports decreased by 6.6%, to $1.567 billion. With…Details
In January-February Ukraine exported 2.6 million tons of ferrous metals via seaports, down by 3.8% YoY. In particular, the export of pig iron fell by 19.9%, to 389.04 thousand tons, scrap – by 47.5%, to 10.17 thousand tons, and rolled metal – by 10.2%, to 1.6 million tons. At the same time ore exports grew…Details
From May 1, ArcelorMittal Kriviy Rih intends to increase wages of its employees by 15-20%. 2018 was a difficult year for the company, as a roof of the converter shop caved-in, the blast furnace No. 9 reconstruction took longer than planned and difficulties with logistics resulted in a 22% drop in steel output. Moreover, the…Details
Seligdar has made a decision to construct a gold-extracting factory at the Khvoynoye deposit in the Republic of Sakha (Yakutia). The factory using the technique of direct cyanidation will increase gold extraction by 20% compared with heap leaching. While heap leaching allows extracting 75% of gold, cyanidation will increase this level to 90%. The technique…Details
The Western Court of Appeals has left unchanged the ruling of the Commercial Court of the Lviv region dated May 24, 2018, on the opening of proceedings on the bankruptcy of the Lviv Coal Company. The corresponding claim was filed by Alfa-Bank demanding the return of 11.16 million UAH. The state represented by the regional…Details