In January-April Russia imported 2.174 million tons of ferrous metals, down by 15.6% YoY. In April imports grew by 4.83% MoM, to 0.66 million tons. The import of ferrous metals excluding pig iron, ferroalloys, waste and scrap totaled 1.73 million tons in 4 months, down by 8.3%, with April imports up by 3.92% MoM, to…Details
NLMK Group, a global steel company, has won a Silver award at the international Step Two Intranet and Digital Workplace Awards 2019 for the launch of its Intranet portal, which extends to all employees, promotes automation of business processes and enhances personnel engagement. The jury honored the main achievement of the NLMK project: the company…Details
The commercial court of the Dniepropetrovsk region has satisfied the claim of Spirit Finance LLC to the Yuzhniy Mining and Processing Works and decided to recover 1.3 billion UAH from the latter. In September 2017 the UGOK shareholders decided to pay dividends of 16.16 billion UAH (10.16 UAH per ordinary share). In due time the…Details
Zaporizhstal railroad transport department employees have been awarded Metinvest CEO prizes for labor, health and environment safety. “The winners have designed a number of projects on labor safety to improve the safety of the railroad operation to the maximum”, the company said. Zaporizhstal and Zaporozhkoks have become winners in the Labor competition-2018 contest. This is…Details
Prices of gold and silver increased in Azerbaijan on June 13 compared to the previous prices. The price of gold grew by 4.0885 manats, to 2,269.245 manats per ounce. The price of silver went up by 0.0288 manats, to 25.1396 manats per ounce. The price of platinum dropped by 9.962 manats, to 1,381.488 manats per…Details
Prime Minister of Ukraine Vladimir Groysman has ordered the State Audit Service to check the formation of the coal prime cost at state mines. The order was made during the PM’s meeting with Lvivugol miners, Lviv regional and the city of Chervonograd authorities on the issue of salary debts to miners. The participants of the…Details
In January-May, Interpipe-Steel decreased steel output by 1% YoY, to 401 thousand tons.
In particular, in May the company produced 91 thousand tons of steel, up from 88 thousand tons in April.
Round billets manufacture grew by 15% YoY, to 973.8 thousand tons. (Ukrainian metal)
The Commercial court of Donetsk region has decided to start the proceedings on the bankruptcy of the DTEK Komsomolets Donbassa Mine.
On May 15, 2017 DTEK reported the loss of control over its enterprises in the Russia-supported terrorist-occupied territories.
Among them was DTEK Komsomolets Donbassa Mine. (Ukrainian metal)
Until 2024 Severstal will invest 13 billion rubles in environment projects. The fourth coke oven battery at ChMK produced its first coke after reconstruction in October 2018. Dust exhaust systems will be constructed there to decrease dust emission when producing, transporting and sorting coke. The dust emission decrease is expected to reach 700 tons. All…Details
In March, Yekaterinburg Non-Ferrous Metals Processing Works has successfully passed the re-certification audit of its quality management system compliance with ISO 9001:2015. TMS Rus, an official representative of TUV SUD in EAEU, has carried out the audit and awarded the company with a certificate valid until April 4, 2022. The audit is carried out in…Details
Chelyabinsk Iron and Steel Works has produced flanged beams for the construction of the first station of Kazan subway second line. The second line will have 12 stations. It will unite 5 city districts. Its length will be around 20 km. The hot-rolled beams have been produced at the rail and beam shop of ChMK’s…Details
At an Annual General Meeting held on June 11 in Moscow, members of the Russian Steel Association re-elected the Chairman of the Board of Directors of NLMK Group Vladimir Lisin as their President. Lisin will preside over the Association for the next two years. Anatoly Sedikh, Chairman of the Management Board of OMK, was appointed…Details
In early June, Rosterminalugol exported its 10-millionth ton of coal since the start of the year.
The anniversary ton was loaded on the Redmer Oldendorff (Post-Panamax).
This was the 141 vessel loaded this year.
On June 10, the company set a new record of railroad car unloading – 95.4 thousand tons. (Ukrainian metal)
Port Ugolniy Company, a part of Tigers Realm Coal (TIG), has started navigation in the port of Beringovskiy in Chukotka. The first bulker to be loaded this year was the Densa Cougar flying the Maltese flag. The vessel will take some 50 thousand tons of coal to the Asia-Pacific region countries. The loading is made…Details
In May, Ukraine increased semi-finished steel products exports by 25.6% MoM, to 732.6 thousand tons, valued at $314.6 million, up by 39.9%. According to the State Fiscal Service, in January-May semis exports totaled 3.1 million tons valued at $1.3 billion. The semi-finished products share in the overall foreign trade reached 6.24%. Almost half of all…Details
This year Dneprospetsstal has faced the increased competition on world markets because of the drop of demand and imposition of limits on deliveries. According to far foreign countries sales director Konstantin Moroshkin, in the past three years the market situation was favorable. The demand for DSS products was quite high. But in 2019 the situation…Details
The development of sizes and grades of products according to foreign standards and demands of key customers is one of the priority tasks for Metinvest this year. This year the group plans to master the manufacture of four new sizes of slabs and 19 new flat rolled products. Some of the new products are already…Details
Azovstal Iron and Steel Works has shut down its blast furnace No. 6 for capital repairs.
Its modernization will improve its efficiency, lower manufacturing prime cost and decrease dust emission by 55%.
At present the specialists are preparing to start disassembling structures. (Ukrainian metal)
As of June 11, Ukraine has emptied its individual tariff quotas for the delivery of seamless pipes of stainless steel, other seamless pipes and unalloyed wire to EU. Rebars quota is 99.26% full, cold-rolled metal – 98.13%, angles and sections – 96.63%, and hollow sections – 98.54%. The wire rod quota has been 73.59% fulfilled,…Details
Alfa-Bank has reduced its stake in Russian precious metals producer Polymetal International by 0.03% to 4.98%, the bank said in a statement on June 11.
The reason for the reduction was not disclosed. (Prime/Ukrainian metal)
“We must hear the government’s information about Kumtor before recess,” MP Kozhobek Ryspaev said at a meeting of the Parliament on June 12. According to him, there is a decree of the Parliament on monitoring the negotiations on a new agreement on Kumtor. Therefore, it is necessary to consider information of the government on the…Details
Velcom LLC, extracting gold on the territory of the Khabarovsk region, intends to obtain 50 kg of alluvial gold this season. Sands washing traditionally started in May. The company operates at one licensed site – the Bolin Brook deposit. So far 9 kg of gold has been extracted. Last year output was 60 kg. The…Details
Cherepovets Iron and Steel Works has assembled and put into operation an APR-650 coil-rewinding machine with the capacity of 650 thousand tons per year.
The machine is scheduled to reach its design capacity in Q3.
Over 30 jobs have been created.
In May employees were trained by LDM (Italy) specialists. (Ukrainian metal)
Severstal shareholders have approved the payment of dividends for Q1 in the volume of 35.43 rubles per share, down by 7.5% YoY. The total amount of dividends will be 29.68 billion rubles, with Alexei Mordashov as the main shareholder (77.03%) accounting for 22.86 billion rubles. In Q1 2018 the company paid 38.32 rubles per share.…Details