This year the mining and metal enterprises of Ukraine will spend over 40 billion UAH on modernization. According to Sergey Belenkiy, the chairman of the Federation of Metallurgists of Ukraine, in particular Metinvest will spend 33 billion UAH. ArcelorMittal Kriviy Rih plans to invest 10 billion UAH. “As to other enterprises, everything is not clear…Details
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In January-August Ukrainian customers received 3.138 million tons of rolled steel, with 948.5 thousand tons, or 30.23%, accounting for imports. In 8 months of 2017 the local market consumed 2.998 million tons, with 827.5 thousand tons, or 27.6% imported. Thus, the increase in rolled metal consumption reached 4.64%, while that of imports – 14.62%. The…Details
In January-August Ukraine produced 12.27 million tons of rolled metal. Of this 10.1 million tons, or 82.2%, were exported. In January-August 2017 the share of the rolled metal exported was 81.6%, or 9.62 million tons. The share of semi-finished products in exports grew from 39.83% to 43.94%, while that of flat rolled metal dropped from…Details
ArcelorMittal Temirtau has been fined for 1.3 billion tenge for the damages to the environment. The suit has been submitted to a commercial court following the unscheduled inspection by the prosecutors and environment specialists on the basis of the letter from the Temirtau akim (governor). The inspection found multiple violations of the environment protection legislation.…Details
Sumykhimprom has concluded an agreement with Khimvector LLC on the delivery of ilmenite valued at 11.72 million UAH. This year the company will supply 2100 tons of ilmenite concentrate with the TiO2 contents of 51.5-62% from an unnamed producer at 5580 UAH per ton, or $203. Two years ago Sumykhimprom bought the same ilmenite from…Details
The salary debts to state miners amount to 348.1 million UAH. According to the minister of energy and coal industry Igor Nasalik, the debts arose from the difference in the sales price of coal and the prime cost of its extraction. On August 22 a new bill took effect envisaging the provision of 1.4 billion…Details
Izhstal has completed the capital repairs of the steelsmelting complex. The complex consists of a powerful arc furnace (DSP-40), a continuous casting machine, a ladle-furnace and a degasser. The capacity of the complex is 300 thousand tons of billets per year. At present the company produces some 300 steel grades, including 37 stainless grades. The…Details
Cherepovets Iron and Steel Works has started the commissioning under the investment project to replace compressors valued at 1 billion rubles. The compressors will have been put into operation by the end of September. The machinery has been supplied by Hanwha Techwin, South Korea. 3 main compressors commissioned in the 1960s have been replaced under…Details
In January-August the Republic of Buryatia mined 3754 thousand tons of coal, up by 42.8% YoY. Razrez Tugnuyskiy has contributed the most to the output increase. At the same time, the regional ministry of natural resources does not disclose the enterprise output. (Ukrainian metal)Details
Uralelectromed powder wares shop has produced a new frame size for the commutator bars for TL-2K electric locomotive engines. For three months the trial batch of the bars will be tested at the Russian research-scientific institute of electric locomotive building in the city of Novocherkassk. The company has received an order for the new type…Details
Metinvest has shut down the blast furnace No. 4 of the Azovstal Iron and Steel Works to carry out an ecological modernization. After the modernization the company will completely stop using seawater to cool the blast furnace. Moreover, in 2014-2016 the blast furnace underwent a reconstruction valued at 2 billion UAH. “Now we will replace…Details
Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…Details
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…Details