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Magnitogorsk Iron and Steel Works turns 87. The birthday of the Russian metal giant is February 1, 1932, when the first pig iron was produced at the first blast furnace. In a year MMK added open-hearth manufacture and started producing steel. In August 1934 the mill-500 was commissioned. In 2018 MMK produced 12.7 million tons…
DetailsSpecialists have started assembling and welding the first belt of the blast furnace No. 3 jacket at Cherepovets Iron and Steel Works. Metal structures for the jacket have been produced by Vitkovice, the Czech Republic. Rolled metal for the jacket was produced at the mill-5000 in Kolpino. With the new jacket the blast furnace will…
DetailsDonetsk Iron and Steel Works could again suspend operation. According to a well-known blogger, ex-terrorist Yevgeniy Tinyansky, who is now in the opposition to the current authorities of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, he has information that because of the lack of raw materials the blast furnace…
DetailsThe Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…
DetailsIn 2018 Metalloinvest produced 5.1 million tons of steel, up by 6.2% YoY. Pig iron manufacture grew by 12.6%, to 3 million tons. HVA products sales share was 43%. In 2018 Metalloinvest produced 40.4 million tons of iron ore, up by 0.2% YoY, and in Q4 – 10.3 million tons, up by 3.5% QoQ. The…
DetailsIn 2018 combined coal output at all Raspadskaya Coal Company LLC enterprises increased by 11%, to 12.7 million tons. In particular, the Raspadsky pit increased mining by 26%, and Raspadskaya-Koksovaya – by 297%. Raspadskaya mine extracted 6 million tons of coal. Coal concentrate sales increased by 7%, to 7.4 million tons. Coal sales grew by…
DetailsThe Cabinet of Ministers could provide 450 million UAH to pay for electric energy consumed by state coal mining enterprises in 2019. According to the Cabinet order, these expenses will be covered from the state budget reserve fund. Because of large debts of state mines for electricity there are no companies wanting to supply it…
DetailsIn 2018 Evraz decreased steel output by 7.3% YoY, to 13 million tons. The main reason of the decrease was the sale of Evraz DMZ in March 2018, as well as a drop of output at Evraz ZSMK due to the capital repair of the blast furnace No. 3 in August-December 2018 and an accident…
DetailsIn 2018 Ukraine decreased rolled metal exports by 1.17% YoY, to 14.415 million tons. 78.5% of all rolled metal manufactured last year were exported. In 2017 the share was 79.6% (14.59 million tons out of 18.33 million tons). Semi-finished products accounted for 43.64% or 6.291 million tons (43.14% last year). The share of flat metal…
DetailsIn 2018 rolled metal consumption in Ukraine grew by 6.36% YoY, to 5.388 million tons. Deliveries of domestic companies to the local market went up by 5.37%, to 3.946 million tons. Imports grew by 10.78%, to 1.442 million tons. Flat metal dominated over the bars in the import structure (51.05% vs 45.9%). (Ukrainian metal)
DetailsS&P Global Ratings has confirmed the long-term ratings of Metinvest in the national currency at B- with positive outlook (the previous being stable). Earlier International Financing Review named Metinvest refinancing its debt the deal of the year among developing states. In January-September 2018 Metinvest consolidated revenue increased by 46% YoY, to $9.063 billion. (Ukrainian metal)
DetailsThe state enterprise Selidovugol has concluded two agreements on the processing of coal valued at 65.98 million UAH. The Central Processing factory “Russia” will process 255 thousand tons of coal from the Kotlyarevskaya mine for 36.98 million UAH, while the Central Processing Factory “Ukraine” will process 200 thousand tons of coal from the Ukraine mine…
DetailsIn 2018 Interpipe resumed exports of welded pipes to the American market after a long break. The orders portfolio for 2018-2019 totals some 10 thousand tons. The specialists of the daughter company North American Interpipe were able to resume cooperation with major distributors of welded pipes. Previously they purchased only seamless pipes. Contracts have been…
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