The Russian Steel Association has decreased its forecast on steel consumption in Russia in 2018 to 1% from 2.6% in June. At the same time, for the first time since 2013 the dynamics of metal consumption stagnation has switched to the growth, which equaled to 5.1%. In 2016-2017 machine building was the main driver of…Details
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Employees of the mine named after Kapustin (Lisichanskugol) after 30 days have stopped their hunger strike and returned to the surface. “The salary debts to the above ground employees will also be partially cleared”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. The miners demanded their salary…Details
Norilsk Nickel can increase metal output in five years on the background of the expected growth of the global demand for nickel from the rapidly developing electric car market. The company intends to have increased nickel and copper output by 15% and platinum-group metal by 25% by 2025 as compared with 2017. In particular, nickel…Details
From October 1 Zaporozhye Iron Ore Complex has increased wages by 15%. According to the supervisory board the decision has been taken to improve the life level and the motivation of the employees. ZZhRK is developing the Yuzhno-Belozerskoye and Pereverzevskoye iron ore deposits. (Ukrainian metal)Details
In April-May 2019 Zaporizhstal will complete the preparation of the site for the construction of the oxygen-converter shop. According to CEO Rostislav Shurma, the company is also constructing a 2.5km road. The construction of the shop has been entrusted to Metinvest Engineering. At present some 50 machines are operating at the construction sites. The CEO…Details
In January-September Beloretsk Iron and Steel Works received 889.9 million rubles of net profit, down by 28.5% YoY. Revenue grew by 10%, to 19.7 billion rubles, including export revenue up by 41.8%, to 4.6 billion rubles, and local sales at 15.03 billion rubles, up by 2.8%. At the same prime cost went up by 16.8%,…Details
Holding Interros belonging to Vladimir Potanin sees shares of Russian metals producer Norilsk Nickel as an attractive asset and plans to raise his stake in the company, Potanin declared on November 19. “We think that shares of Norilsk Nickel are a good investment. There is no special target to raise the stake but when there…Details
The state enterprise Lvivugol has signed an agreement with the Group Profitrade LLC for the delivery of electric motors valued at 1.7 million UAH. The company will have to supply two motLvivugolors at 850 thousand UAH each. This is the first Group Profitrade order. The company was registered 7 months ago. (Ukrainian metal)Details
Energomashspetsstal will produce rolls for two ArcelorMittal European plants. According to the contracts signed, 6 back-up rolls will be supplied to ArcelorMittal Sagunto SL (Spain). Another 4 rolls will be produced for ArcelorMittal Eisenhüttenstadt (Germany). The total weight of the rolls will be 355 tons. The products will be shipped in Q3 2019. EMSS and…Details
From December Irbit Pipe Works will commission a site to apply PPU insulation on pipes. The machinery produced by Polimer Complex (Moscow) will be used. It will allow applying insulation to the pipes with the diameter of 57 to 820 mm. The maximum length of such pipes will be 12 meters. (Ukrainian metal)Details
In January-September Susumanzoloto revenue grew by 26.2% YoY, to 12.349 billion rubles. Profit increased by 17.4%, to 3.691 billion rubles. Net profit went up by 22.9%, to 2.806 billion rubles. Accounts payable as of September 30 totaled 2.794 billion rubles, up from 1.24 billion rubles as of December 31, 2017. The value of the company…Details
Beringpromugol is preparing to ship its last bulker this year. The 9th vessel this year will head to Vietnam carrying 18 thousand tons of coal. The coal export season is expected to have been completed by December 1. Beringpromugol LLC is responsible for all Chuikotka coal exports (400 thousand tons this year). In 10 months…Details
In January-September the Republic of Sakha (Yakutia) mined 13.078 million tons of coal, up by 5.2% YoY. The increase is due to the operation of Kolmar and Elgaugol LLCs. Kolmar mined 3.83 million tons of coal, up by 24%. And Elgaugol mined 3.9 million tons, up by 28%. (Ukrainian metal)Details