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Russian metals and mining group Mechel has restructured a $1-billion pre-export syndicated loan, the company said in a statement on January 22. “This became possible thanks to a credit line provided by VTB Bank in euros with maturity in April 2022. The grace period for the principal debt is set until April 2020,” the company…
DetailsIn 2018 the Industrial Metallurgical Holding enterprises increased output. Thus, Tulachermet produced 2.34 million tons of pig iron, up by 3% YoY. The company operated two furnaces, which were repaired in July-August 2017 and in August 2018. Coalmining enterprises had a task of decreasing ash content in coal. The Butovskaya mine was able to decrease…
DetailsVyksa Iron and Steel Works increased sales of railroad wheels by 25% YoY in 2018, to 860 thousand pieces. This is the highest result in the company 45-year history. The previous record of 850 thousand wheels was set in 2012. “The increase of railroad wheels manufacture and sales has to do with the high demand…
DetailsNLMK Group has sold 100% of its stake in NLMK Accounting Center to Fletcher Group Holdings Limited for a total of 23.9 million rubles. NLMK Accounting Center will be used as a platform for setting up a single service company, NLMK Corporate Solutions Center, that will provide services to NLMK Group companies and Universal Cargo…
DetailsIn 2018 VIZ-Stal increased output by 5% YoY, to 170.4 thousand tons of transformer steel. The loading of capacities was high – 99%. Sales also grew by 5%, to 168.2 thousand tons. Exports accounted for 77%. The main customers were India, Turkey, Near East and North America. (Ukrainian metal)
DetailsThis year Kuzbass region intends to commission 6 coal objects. In particular, these are two pits – Chernokaltanskiy (Ugletrans LLC) and March 8 (SDS-Ugol) with the capacity of 2 million and 1 million tons of coal per year respectively. Combined they will create 450 jobs. Moreover, coal companies plan to put 4 processing factories into…
DetailsInterpipe NTZ has completed an investment project to modernize a pipe heat treatment site in the pipe-rolling shop No. 4. The cost of the project is $5 million. “The modernization of heat treatment at NTZ is one of our most important investment projects. The existing water supply system was outdated. Now we can increase the…
DetailsIn 2018 Zaporozhye Ferro Alloys Plant decreased output by 7.2% YoY, to 246.1 thousand tons. In particular, ZZF increased silicomanganese manufacture by 0.3%, to 123.095 thousand tons, but decreased those of ferrosilicon by 18.8%, to 75.4 thousand tons, and ferromanganese by 4.2%, to 39.3 thousand tons. The metallic manganese output dropped by 2.4%, to 7.4…
DetailsIn the town of Sibay (Republic of Bashkortostan) a copper quarry will be flooded in 5-7 days. According to the mayor Rustem Afzalov, at present oxidizing processes in the quarry are being eliminated. In order to completely eliminated fires there it was decided to partially flood the Sibay quarry and the Novosibay mine. In a…
DetailsIn December 2018 Amurstal received 59 thousand tons of ferrous scrap via railroad. This is up from 10.3 thousand tons in December 2017. In January-December 2018 the company received 548.7 thousand tons of scrap, up 6.2-fold YoY. This is also the highest result in the past 3 years. (Ukrainian metal)
DetailsIn 2018 MMK sold 1.269 million tons of galvanized rolled metal. This is the highest result for the company, which exceeds the previous result, set in 2017, by 11.9% (1.134 million tons). MMK has been increasing galvanized metal sales for the past 15 years. (Ukrainian metal)
DetailsIn 2018 Olkon increased iron ore concentrate output by 3% YoY, to 4.238 million tons. The annual target was exceeded by 77 thousand tons. The average contents of the iron in ore were 67.67%. Rock transportation grew by 2%, to 19.14 million tons, and ore output – by 7%, to 14.85 million tons. (Ukrainian metal)
DetailsIn 2018 Cherepovets Iron and Steel Works increased sales by 2.4% YoY, to 10.27 million tons. The company industrial port in April-November 2018 shipped 1.65 million tons of metal, up by 52.9 thousand tons. Railroad transported 10.749 million tons of metal, up by 380 thousand tons. December 2018 saw the record high volume of metal…
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