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Russia: RUSAL and Braidy Industries to construct a greenfield aluminum rolling mill in Kentucky

RusalBy admin 22.04.2019 Leave a comment

RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…

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Russia: Khabarovsk region produces all-time high 24.8 tons of gold in 2018

goldBy admin 22.04.2019 Leave a comment

Gold output of Khabarovsk region hit a historical record of 24.8 tons in 2018, the regional government said. “In 2018, production of gold grew by 7%, to 24.8 tons. This was an absolute historical record for the region. A company producing tin metal also showed good results, its amount of production grew by 50%, to…

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Ukraine: Metinvest the first to get Vision Zero certificate

Metinvest Group of CompaniesBy admin 22.04.2019 Leave a comment

Metinvest was the first among Ukrainian companies to get a Vision Zero certificate. According to the group statement, it is operating based on the principles of sustainable development. One of the most important directions of the company is the labor safety and employee health protection. At present the group is implementing a couple of investment…

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Russia: NLMK shareholders approve FY2018 dividends

NLMKBy admin 22.04.2019 Leave a comment

At the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the company’s free cash flow according to NLMK Group’s consolidated statements prepared in accordance with IFRS. Considering the previously paid interim dividends, the amount outstanding to be paid…

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Russia: NLMK shareholders elect new BoD

NLMKBy admin 22.04.2019 Leave a comment

At the Annual General Shareholders’ Meeting (AGM) held on April 19, NLMK shareholders voted to confirm Grigory Fedorishin as the group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were elected: Vladimir…

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Kyrgyzstan: Altynken employees demand wage increase threatening with hunger strike

goldBy admin 22.04.2019 Leave a comment

Local workers at Altynken held a strike demanding to increase their wages. The information was confirmed by the First Deputy Director of the company Turusbek Akmatov. At least 5-6 people did not come to lunch a day before in protest against the fact that their wages were not increased. Some other people held a rally…

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Ukraine: AMKU allows Metinvest to buy Dneprovsky Coke Plant

Dneprovsky By-Product Coke Plant, Metinvest Group of CompaniesBy admin 22.04.2019 Leave a comment

The Antimonopoly Committee of Ukraine has allowed Metinvest to buy over 50% shares of Dneprovsky By-Product Coke Plant. In particular, the AMKU decision says that Private Limited Liability Company Metinvest BV, the Netherlands, has been granted the right to purchase shares of the Dneprovsky Coke Plant, as a result of which the share of the…

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Ukraine: Ukrkoks sees no threat in Russian sanctions

coalBy admin 19.04.2019 Leave a comment

The mining and metallurgical complex of Ukraine expects no critical consequences from the new limitations of coal supplies to Ukraine, as well as imports of some metal products, including pipes. According to Ukrkoks CEO Anatoliy Starovoyt, limitations cover power-generating coal in the first place, and not coking coal. “So we see no special problem here.…

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Russia: Kuzbass coal output up in Q1 2019

coalBy admin 19.04.2019 Leave a comment

Since the start of the year, Kuzbass coal companies have extracted 60.8 million tons of coal, up by 1.2 million tons YoY. Open pits yielded 40.2 million tons, and mines – 20.6 million tons. Coking coal accounted for 19.2 million tons, and power-generating coal – 41.6 million tons. In March the region extracted 21.3 million…

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Russia: ChMK produces rebars for Abakan lyceum construction

Chelyabinsk Iron and Steel WorksBy admin 19.04.2019 Leave a comment

Chelyabinsk Iron and Steel Works has produced for the construction of a lyceum for 1,000 pupils in the town of Abakan. The size of the building will be 23.3 thousand square meters. ChMK rebars are characterized by high quality. They are widely used in construction. (Ukrainian metal)

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Russia: UMC to master manufacture of new section types

Ural Metal-Processing CompanyBy admin 19.04.2019 Leave a comment

Ural Metal-Processing Company LLC has started carrying out a project to increase the portfolio of the steel sections it manufactures. In particular, the company will start producing T-shaped galvanized sections, as well as section elements used in the manufacture of fences. The commission of the manufacturing line is scheduled for May-July. The sizes of the…

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Russia: Electrocable output up in Q1 2019

ElectrocableBy admin 19.04.2019 Leave a comment

In January-March, Electrocable increased output by 30% YoY, to 156 thousand km of cable and wire. The increase in the output is mostly due to modernization and new machinery purchase last year. Thus, in 2018 the company modernized 5 manufacturing lines in the shop No. 5. (Ukrainian metal)

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Ukraine: Electrostal resumes operation

ElectrostalBy admin 19.04.2019 Leave a comment

In March Electrostal (Kurakhovo, Donetsk region) resumed operation having produced 11 thousand tons of continuous cast billet. In January-March the enterprise was idle, while in Q1 2018 it produced 71 thousand tons of billets. The reason for the company downtime was the growth of ferrous scrap prices, which made billets manufacture unprofitable. In 2018 Electrostal…

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