In late 2018 a delegation of Yekaterinburg Non-Ferrous Metals Processing Works visited Uzbekistan. The members of the company met with the representatives of two mining and processing works, cement manufacturer and continuous basalt fiber enterprise. The latter is already a customer of EZOTsM. The company intends to increase exports to Uzbekistan at least 2-2.5-fold. The…Details
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Cherepovets Iron and Steel Works has finished a series of capital repairs in its steel manufacture. In particular, the company has repaired continuous casting machines Nos. 1, 3 and 5, rotary kiln No. 5 and the ladle furnace No. 1. Moreover, while repairing the converter No. 2, an investment project has been carried out thanks…Details
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…Details
Specialists 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…Details
Donetsk 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…Details
The 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…Details
In 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…Details
In 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…Details
The 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…Details
In 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…Details
In 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…Details
In 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)Details
S&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)Details