Alexander Tischenko has been appointed the managing director of the Oskol Electrometallurgical Works. Previously he has been the chief engineer of the company. In 2011-2018 the company was headed by Nikolai Shlyakhov. The new chief engineer of OEMK is now Sergey Shishkovets, ex-manufacturing director. In 2017 OEMK produced 4 million tons of iron ore pellets,…Details
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The Expert RA rating agency has confirmed Metalloinvest rating at the ruAA- level with positive outlook. The analysts have positively estimated the financial and operational results of the group in 9 months of 2018, including its vertical integration, high added value output growth and prime cost level control. The increase in profitability and optimization of…Details
Russian aluminum producer RUSAL has appointed Independent Director Jean-Pierre Thomas as the chairman of the board of directors, the company said in a statement on December 28. The decision will enter in force from January 1, 2019. Thomas was appointed as an independent director in June. According to a Reuters report, the appointment of a…Details
Donetsk metal industry decreased output in January-November by 3.5% YoY. At the same time coal mining grew by 11.1%, to 10.6 million tons. Coke manufacture increased by 9.1%, to 4.8 million tons. Pig iron output totaled 7.5 million tons, down by 0.5%, steel – 7.2 million tons, down by 3.5%, and rolled metal – 3.6…Details
This year the DTEK Pavlogradskoye Mine Group extracted 4 million tons of coal, enough for one heat and power plant operation for a year. “To reach this amount, we have invested 300 million UAH in new machinery and repairs”, the company said. Since the start of the year the mine group has put into operation…Details
In November Russia produced 5.68 million tons of steel, down by 4% YoY, with 5.866 million tons of steel manufactured in October. In 11 months steel output grew by 0.9% YoY, to 65.812 million tons. Ukraine, though no longer a part of CIS, decreased steel output in November by 11.2% YoY, to 1.658 million tons…Details
In 2018 Rusolovo produced 1.5 thousand tons of tin concentrate at its deposits in Khabarovsk region. The output grew by 50% YoY. In 2019 it is expected to increase manufacture to 2 thousand tons. By late 2022 Rusolovo plans to have commissioned a mining and processing works at the Pravourminskoye deposits, increasing tin concentrate output…Details
Belarus Iron and Steel Works has signed an agreement with Continental concern to supply 32.8 thousand tons of metal cord in 2019. This is the record high volume in 23 years of the companies’ cooperation. The companies started cooperating in 1995 with 15 thousand tons of metal. In 2018 BMZ shipped some 30 thousand tons…Details
From January 1, 2019 a new GOST 34028-2015 “Reinforcement bars for ferroconcrete structures. Technical conditions” will come into effect. The standard covers various rebars of A240, A400, A500 and A600 classes, as well as Ap600, A800 and A1000. Such rebars are made of alloyed and non-alloyed steel. At the same time GOST 5781-82, GOST 10884-94…Details
Since Alchevsk Iron and Steel Works resumed operation in December 2017, it has produced some 1.5 million tons of metal. Before the war with Russia-supported terrorists, in 2013 the works increased rolled metal output to 3.8 million tons, steel – to 4.2 million tons and pig iron – to 3.8 million tons. After the start…Details
In October Metinvest decreased EBITDA by 13.15% MoM, to $211 million, having increased its revenue by 2.31%, to $932 million. That month Metinvest sold 439 thousand tons of semi-finished products at $201 million and 742 thousand tons of ready-made products at $484 million. The company also sold 175 thousand tons of coke at $51 million,…Details
Two auctions to sell assets and equipment of AS KVV Liepājas metalurgs at the initial price of EUR 2.64 million have been announced. At one auction with the price of EUR 2.417 million 718 units of machinery and assets will be sold, including boilers, diesel engines, cars, etc. The second auction will see the assets…Details
The Cabinet of Ministers has prolonged the exemption of the scrap trade from VAT. The government has prolonged the effect of its decree No. 15 dated January 12, 2011. Thus, all trade operations with scrap and waste of ferrous and non-ferrous metals are exempt from VAT till January 1, 2022. It is expected to improve…Details