Russia: Avisma to keep 2016 earnings

In 2017 VSMPO-Avisma intends to keep earnings on the previous year level – 76 billion rubles.

Sales are expected to increase by 15.8%, to 28.3 thousand tons.

The strengthening of the ruble negatively affects the ruble reports, the ruble equivalent of exports decreases, and that’s some 70% of all earnings. (Ukrainian metal)

Ukraine: metallurgical complex suffers heavy losses due to Russian aggression

Prime Minister of Ukraine Volodymyr Groysman on July 16 congratulated employees of the mining and metallurgical complex on their professional holiday, the government’s portal reports. In his speech on the occasion, the prime minister said: “The industry incurred heavy economic and infrastructure losses from the Russian-terrorist occupation of separate regions in Donbas, as well as…

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Russia: KGOK output up in H1 2017

In January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons.

Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)

Russia: Globus-Stal starts producing stainless pipes

Globus-Stal has put into operation a new manufacturing line to produce electric-welded pipes of stainless steel.

The company has already made its first order – the 6-meters long pipe with 16 mm diameter and 1 mm wall thickness.

Globus-Stal is able to produce 16-60.3 mm diameter pipes with wall thickness of 0.4-3 mm. (Ukrainian metal)

Russia: Raspadskaya processes 100 million tons of coal

The Raspadskaya Processing Factory has processed 100 million tons of coal, since it has been put into operation.

The factory started operating in 2005. The enterprise processes coal of 0-300 mm classes.

Its project capacity is 15 million tons of coal per year with daily norm of some 38 thousand tons. (Ukrainian metal)

Russia: Lebedinsky GOK puts new HBI complex into operation

Metalloinvest has put the new hot-briquetted iron complex (HBI-3) into operation at the Lebedinsky Mining and processing Works.

Investments totaled $660 million.

The HBI-3 capacity is 1.8 million tons per year. When the complex reaches its project capacity, the GOK will be able to produce 4.5 million tons of HBI per year. (Ukrainian metal)

Russia: PMH puts 2 new mines into operation

The Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…

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Russia: demand for Copper Pipes Works products growing

In Q2 the demand for the Copper Pipe Works products increased by 25% YoY.

So far the company has orders up until October.

The company products are in demand not only in Russia, but abroad as well. (Ukrainian metal)

Ukraine: coal mining down in H1 2017

In January-June Ukraine mined 18.435 million tons of coal, down by 2.9% YoY, or by 556.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.7%, or by 1.11 million tons, to 3.387 million tons, while that of power-generating coal increased by 3.8%, or by 555.4 thousand tons,…

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Russia: MMK launches new galvanizing unit

PJSC Magnitogorsk Iron and Steel Works has commissioned the continuous hot-dip galvanizing unit No. 3. The unit will increase MMK’s capacity for the production of galvanized steel by almost 20%, to more than 2 million tons a year. The unit is designed to produce zinc-coated products through the hot-dip galvanizing of cold-rolled, thin-sheet, low-carbon steel.…

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