According to Uzmetkombinat investment program for 2019, the construction of the casting and rolling plant with the capacity of 1 million tons of rolled metal per year will cost $50.6 million. The overall cost of the construction is $461.1 million. The project will be financed by Gazprombank and other foreign banks. The plant will produce…Details
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In November Russia produced 4.04 million tons of pig iron, down by 9.1% YoY (4.175 million tons in October). In 11 months the output totaled 47.025 million tons, down by 0.9%. Ukraine, though no longer a part of CIS, decreased pig iron output by 9.6% YoY, to 1.642 million tons in November (1.785 million tons),…Details
The Severniy-Glubokiy mine of Kola Iron and Steel Company has carried out the first stage of rock mining to the depth of 440 meters. The cost of the project is 2 billion rubles. The new horizon will be in development at least until 2050. The construction of the mine started in 2001. It reached its…Details
In November ore transportation via railroad grew by 7.4% YoY, to 10.1 million tons, having set a record for the month. In January-November railroad transported 106.4 million tons of ore, up by 5.7% YoY. Local transportation grew by 5%, while exports by 10%. The main export markets were Germany and Slovakia (up 2.5-fold), as well…Details
Gazprom accounted for 58% of the market of the large diameter pipes in 2018. The share of Transneft was 14%. In 2018 Gazprom announced the purchase of 3.006 million tons of LDP valued at 252 billion rubles. Of this amount 1.669 million tons at 140 billion rubles have been purchased. Zagorsky Pipe Works concluded contracts…Details
ArcelorMittal Kriviy Rih has put into operation a complex of the closed cooling of the used converter gas at three converters (Nos. 4, 5, 6). The cost of the project is 192 million UAH. As a result of the project the consumption of the chemically purified and de-aerated water for evaporation will decrease from 672…Details
In January-November Ferrexpo exported 9.36 million tons of iron ore pellets. In particular, its Poltava GOK exported 7 million tons of pellets, and Yeristovo GOK – 2.36 million tons. Karelsky Okatysh (Russia) exported 4.958 million tons of pellets. Metinvest exported 4.894 million tons, including 2.074 million tons from Central GOK and 2.82 million tons from…Details
The Cabinet of Ministers has given 3 land plots with the total size of 149.99 ha of the Korosten wood enterprise in Zhitomir region to the United Mining and Chemical Company to mine titanium ore. The size of the plots is 113.4 ha, 19.6 ha and 16.95 ha. According to the accompanying note to the…Details
As a result of the installation of 2.2 thousand energy efficient LED-lamps, Mariupol Ilyich Iron and Steel Works will be able to save some 60% of electricity. In particular, the company will save 7.2 million kW-h valued at 11.3 million UAH and decrease CO2 emissions by 6440 tons. The project has been carried out by…Details
The Cabinet of Ministers has approved the financial plan of the United Mining and Chemical Company for 2018. The net income is expected to total 3.6 billion UAH (2.855 billion UAH in 2017), and net profit – 462.85 million UAH (443.71 million UAH). In January-September UMCC decreased net profit by 27.8% YoY, to 423.07 million…Details
In 2018 Zaporizhstal increased the shipping of its metal products via river transport to 674 thousand tons from 573 thousand tons last year. The key customers are Turkey, Macedonia, Bulgaria and Serbia. Zaporizhstal resumed partnership with the Zaporozhye River Port in October 2012. Since then it has shipped some 3.7 million tons of metal by…Details
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
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