NLMK Lipetsk, NLMK Group’s flagship production site, has embarked upon a large-scale overhaul of its steelmaking capacities, namely BOFs and associated dedusting equipment in BOF Shop No. 2. The overhaul will increase the shop’s productivity by 18% from 8.5 million tons to 10 million tons of steel per year and cut air emissions by 70%.…Details
Baikal Mining Company, a part of USM Holding, and state banks Gazprombank, Sberbank, and VEB.rf have signed a contract to provide an up to $1.79-billion syndicated loan for development of the Udokan copper deposit, they said in a joint statement on July 10. Under an earlier agreement, VEB.rf, Gazprombank, and Sberbank agreed to finance up…Details
In January-June Ukraine exported $4.8 billion worth of ferrous metals, down by 11.1% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.6% of all export revenue, down from 23.21% in H1 2018. In June ferrous metals export revenue reached $728.42 million. Imports in 6 months dropped by 4.5%, to $600.65 million, with…Details
Mariupol Ilyich Iron and Steel Works within a major investment reconstruction project is modernizing its wide-strip mill in the sheet-rolling shop 1700. The company has received the last batch of equipment with the combined weight of over 900 tons. Investments in the project total $85 million. The first stage of the shop reconstruction was completed…Details
Following DTEK Rovenkiantrazit LLC and DTEK Komsomolets Donbassa Mine LLC bankruptcy, last week saw the start of a bankruptcy procedure at the Yenakievo Iron and Steel Works. The company has been one of the main rolled metal manufacturers of Metinvest. On July 1 the Commercial court of Donetsk region started bankruptcy proceedings of the company.…Details
Yuzhniy Kuzbass has started operating the first of 11 BelAZ quarry dump trucks purchased from BELAZ-24. The dump trucks with the lifting capacity of 220 tons (8 trucks) and 130 tons (3 trucks) have been purchased under the company modernization program. All the trucks will be delivered to Yuzhniy Kuzbass pits until the end of…Details
Komsomolskaya mine of Vorkutaugol has put into operation a new long face with the reserves of 535 thousand tons of coking coal. The new long face 712 is situated at the Troynoy layer in the southern block of the mine. The average daily output is 4 thousand tons of coal. The long face is expected…Details
The Ministry of Economical Development has approved a request of the Penza region to create two industrial parks. An industrial park Master will be created in Serdobsk together with KamAZ. The park will be situated at the Serdobsk Machine-Building Plant. Metal structures, steel wares and car spare parts will be produced there. Another park will…Details
Bratsk Aluminum Works has finished the reconstruction of a mud basin. The work started in 2012. Now instead of the basin grass is growing there. The basin was operating since 1978. BrAZ uses mud to produce coal concentrate and graphite briquettes. At present the company processes over half of wastes. It aims to process all…Details
Chelyabinsk Iron and Steel Works has shut down one of its three blast furnaces for capital repairs. The repair is scheduled to be completed this year. The modernization will decrease harmful emissions by 42 tons per year. The design capacity of the blast furnaces at ChMK is 4 million tons of pig iron per year.…Details
Russia has asked for consultations within the World Trade Organization (WTO) on the U.S. steel anti-dumping duties, the WTO said in a statement on July 9.
Russia thinks that the measure does not meet the requirements of the WTO’s Anti-Dumping Agreement, the organization said. (Prime/Ukrainian metal)
A manufacturing complex on deep processing of tungsten will be created on the territory of the Uzlovaya Special Economic Zone in Tula region.
The project will be carried out by Evraz.
Investments will amount to 5.5 billion rubles.
Some 500 jobs will be created. (Ukrainian metal)
In 15 years of cooperation Severstal has supplied over 500 million tons of polymer-coated rolled metal to Kazan Steel Sections. The Severstal coated metal is used in the manufacture of roofing and wall materials, as well as various sections. Kazan Steel Sections manufactures all metal tiles according to a new GOST R 58153-2018. The standard…Details
The Ministry of industry and trade expects the domestic demand for steel to grow thanks to national projects. “Last year the growth was some 2%. This year we await a small growth. I think around 1%. Next year we expect a considerable growth due to a number of projects in various market segments. We hope…Details
A building on the territory of the Pavlogradsakaya Central Processing Factory LLC, a part of DTEK, in the village of Verbki has collapsed.
As a result one person was killed and another taken to the hospital.
The building collapsed during the disassembly. (Ukrainian metal)
Danieli has received an order to supply machinery for the foundry-rolling complex at the Uzbekistan Iron and Steel Works in Bekabad, Tashkent region. The construction will commence in August. The project presupposes the construction of a 120-ton electric arc furnace, a ladle furnace and steel degassing unit. Slabs will be manufactured at the vertical continuous…Details
In June Krasniy Octyabr Iron and Steel Works produced 21 thousand tons of liquid steel, up by 3 thousand tons than planned. Moreover, the company produced 4380 tons of expensive nickel-containing stainless steel. The stainless steel output growth occurred in January – 1 thousand tons, and in early Q2 – 1.5 thousand tons. The jump…Details
In January-May Russia’s imports totaled $94.5 billion, down by 1.5% YoY. The share of metals and metal wares grew from 7.2% to 7.4%. In particular, from far foreign countries – from 5.8% to 6.2%, but from CIS-countries it fell from 18.5% to 16.9%. The monetary value of the group remained unchanged, but the physical volumes…Details
In 20219-2022 Russian Copper Company intends to invest some 20 billion rubles in the manufacture. In particular, projects will be implemented under the long-term strategy of the company to increase raw materials and mineral base and to improve capacity. Thus, in 2021 Karabashmed will launch the manufacture of copper anodes with the capacity of 230…Details
In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors.
To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY.
This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)
Russia’s top bank Sberbank plans to issue more than 23 billion rubles of financing for Ural Mining and Metallurgical Company’s (UMMC) largest projects, UMMC said in a statement. “Sberbank will issue a more than 23-billion ruble financing for the largest projects of Ural Mining and Metallurgical Company. Under the agreements, 20 billion rubles will be…Details
Kyrgyzstan plans to reduce its dependence on Kumtor. According to representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, it is necessary to increase production at such fields as Taldy-Bulak Levoberezhny, Ishamberberdi, Bozymchak, Kuru-Tegerek, Karakazyk, Jamgyr and Chaarat. In addition, it is planned to launch Jerooy project. According to preliminary data,…Details
Since the start of the year the Alardinskaya mine of Evraz has extracted 1 million tons of coking coal.
The miners were developing the long face No. 6-1-20, put into operation in March.
Earlier the mines Uskovskaya and Yerunakovskaya-VIII have exceeded the 1-million tons output mark. (Ukrainian metal)
Cherepovets Iron and Steel Works has finished modernization of its turbo generator No. 5. The cost of investment project exceeded 1 billion rubles. The goal was to increase the share of the own electricity generation. The capacity of the generator has been increased by 20 MW, to 75 MW. This is the first of the…Details