This summer the State Property Fund announced the privatization of the Zaporozhye Aluminum Works state share. It was supposed to sell 68% in H2, but the privatization procedure is not going very fast. The state owns 68.0095% of ZALK shares, or 423,514,923 shares. A special auction commission has been created to sell the shares. It…Details
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In January-November Russian Railroads transported 1.18 billion tons of cargo, up by 2.6% YoY. In particular, 342,8 million tons of coal, up by 5.2% YoY, 10.2 million tons of coke, up by 0.1%, and 106.4 million tons of iron and manganese ore, up by 5.7%, were transported. The railroad also transported 71.2 million tons of…Details
The rail-beam shop of Evraz ZSMK has commissioned the second line of rail processing. The project allows increasing 100-meter R65 rails output 2-fold as well as producing European 60E1 and 54E1 rails with the length of 30, 36, 60, 72 and 90 meters. Investments in the project totaled 168 million rubles. In particular, the manufacture…Details
Beloretsk Iron and Steel Works has put into operation new machinery to produce multistrand steel ropes to replace imported ones. The Sket Verseilmaschinenbau GmbH (Germany) machinery allows producing 6-12-strand ropes with the diameter of up to 90 mm, while the Rosendahl extruder covers both separate parts and the whole rope with polymer. BMK started the…Details
In 2019 Severstal will buy some 50 units of railroad and automobile special machines with the total cost of 0.8 billion rubles. The replacement is scheduled and is necessitated by the decommission of outdated machines. In particular, in 2019 CherMK will receive 4 TEM-9 locomotives produced by Sinara Transport machines. 3 more locomotives will be…Details
In January-October the group of plants – Noginsk Pipe-Section Works and Togliatti Pipe Works – increased the combined output 2-fold. Since Noginsk Works commissions new machinery, the company will retain the dynamics of sales growth, the company sales director Nikita Bakhcheyev said. The new mill will produce welded pipes with the diameter of up to…Details
Yuzhniy Mining and Processing Works in January-November decreased the iron ore concentrate output by 0.9% YoY, to 11.261 million tons. In November concentrate manufacture dropped by 2% YoY, to 1.056 million tons. Sinter output decreased by 12.7%, to 143.6 thousand tons. In 11 months UGOK produced 1.551 million tons of sinter, down by 10% YoY.…Details
The Russian government’s commission for control over foreign investment is likely to approve acquisition of a stake in the Baimskaya polymetallic ore zone by Kazakhstan’s KAZ Minerals, Prime Minister Dmitry Medvedev said on December 4. “We have just had a meeting of the commission for control over foreign investments, we’ve considered one of the issues…Details
Zaporizhstal intends to attract a loan of $18 million from Ukrgazbank. The extraordinary meeting of the shareholders will decide on the issue. The loan will be attracted for the period of not more than 5 years, with the interest rate of 7% to 9%. The meeting will order the CEO Rostislav Shurma or another person,…Details
As of December 1 Ukraine has used only 11.6% of the quota for the delivery of flat rolled metal to Turkey. The quota for flat rolled metal is 361.1 thousand tons fulfilled, bars – 9.1% (50.8 thousand tons), pipes and hollow sections – 14.5% (39.8 thousand tons), stainless steel – 10.8% (15 thousand tons) and…Details
In January-November Mariupol Ilyich Iron and Steel Works produced 2.642 million tons of rolled metal, up by 4.6% YoY. Steel manufacture grew by 4.8%, to 2.947 million tons, and pig iron – by 9.3%, to 4.08 million tons. In November the plant produced 237 thousand tons of rolled metal, 255 thousand tons of steel and…Details
Mariupol Ilyich Iron and Steel Works received the most VAT among metal companies in November – 759.5 million UAH (761.7 million UAH in October). It is followed by ArcelorMittal Kriviy Rih (485.4 million UAH). Azovstal was reimbursed 473.4 million UAH of VAT (166 million UAH), and Zaporizhstal – 309.9 million UAH (486.7 million UAH). DMK…Details
In 2018 Telen intends to mine 180 thousand tons of coal in the Republic of Sakha (Yakutia). This year the company is operating at the Kharbalakhskoye deposits. So far 160 thousand tons of coal have been mined, or 90% of the target. In short-term Telen wants to increase coal reserves to 10 million tons at…Details