From January 1, 2019 a new GOST 34028-2015 “Reinforcement bars for ferroconcrete structures. Technical conditions” will come into effect. The standard covers various rebars of A240, A400, A500 and A600 classes, as well as Ap600, A800 and A1000. Such rebars are made of alloyed and non-alloyed steel. At the same time GOST 5781-82, GOST 10884-94…Details
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Since Alchevsk Iron and Steel Works resumed operation in December 2017, it has produced some 1.5 million tons of metal. Before the war with Russia-supported terrorists, in 2013 the works increased rolled metal output to 3.8 million tons, steel – to 4.2 million tons and pig iron – to 3.8 million tons. After the start…Details
In October Metinvest decreased EBITDA by 13.15% MoM, to $211 million, having increased its revenue by 2.31%, to $932 million. That month Metinvest sold 439 thousand tons of semi-finished products at $201 million and 742 thousand tons of ready-made products at $484 million. The company also sold 175 thousand tons of coke at $51 million,…Details
Two auctions to sell assets and equipment of AS KVV Liepājas metalurgs at the initial price of EUR 2.64 million have been announced. At one auction with the price of EUR 2.417 million 718 units of machinery and assets will be sold, including boilers, diesel engines, cars, etc. The second auction will see the assets…Details
The Cabinet of Ministers has prolonged the exemption of the scrap trade from VAT. The government has prolonged the effect of its decree No. 15 dated January 12, 2011. Thus, all trade operations with scrap and waste of ferrous and non-ferrous metals are exempt from VAT till January 1, 2022. It is expected to improve…Details
Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…Details
Alisher Usmanov says the Udokan copper project has attracted $1.225 billion. The developer of the project, the largest copper deposit in the world – Baikal Mining Company intended to attract the funds in early 2019. The reserves of the deposit are 15 million tons and resources – 26.7 million tons. The commission of the first…Details
In 2013-2017 the major metal companies have been seriously decreasing the number of their employees. In particular, Evraz fired 40 thousand people, and Severstal – some 10 thousand. At the same time at present Severstal intends to hire new personnel for Yakovlevsky GOK. (Ukrainian metal)Details
Kuzbassrazrezugol has fulfilled the annual manufacturing goal in advance. So far the group has mined 47.9 million tons of coal. Some 500 thousand tons of coal are expected to have been mined by the end of the year. Thus, this year the group will extract 48.4 million tons of coal, up by 1% from the…Details
Rusal announces the resignation of Matthias Warnig from the office of the chairman of the board. Warnig was elected a member of the board in June 2012. In October 2012 he was elected chairman of the board. The new chairman will be chosen at the next meeting of the board. (Ukrainian metal)Details
Chelyabinsk Iron and Steel Works has received a certificate to produce switch rails. By the end of December the company intends to have produced 600 tons of new rails. The certificate for OR65 rails of the NT260 category is valid for 5 years. So far ChMK produces 5 types of rails. (Ukrainian metal)Details
Cherepovets Iron and Steel Works has finished the reconstruction of the cut to length machine no. 4 in the metal finishing shop No. 2. The work has been carried out in 50 days. Investments in the project totaled 400 million rubles. The modernized machine can process metal with the thickness of 4 to 16 mm.…Details
More than 1.7 million tons of coal were produced in January-November in Tajikistan, according to the Tajik Ministry of Industry and New Technologies. Moreover, according to official statistics, as of early December, about 1.6 million of coal were mined in the republic. In Tajikistan, coal mining and production is carried out at 14 deposits. The…Details