Krasnoyarsk Aluminum Works has commissioned a new foundry complex. The preparations lasted for 2 years. The new complex is able to produce tubular ingots with the diameter of 457 mm. This is the record size for the Russian aluminum industry. Such ingots do not require additional treatment and are in demand all over the world.…
DetailsIn 2018 Electrozinc intends to invest some 526 million rubles into construction, replacement of the outdated machinery, modernization of existing machines and the purchase of new ones. According to the company chief engineer Dmitry Binder, a number of major projects are in an active stage of realization. For instance, for the project on circulating dust…
DetailsIn 2017, according to the Customs Statistics, Russia imported 498.2 thousand tons of flat galvanized steel with polymer coating, up by 0.7% YoY. The 2016 results were the lowest in all the history of these products imports to Russia. China supplied the most metal – 276.4 thousand tons, up by 10.4% YoY. In December 2017…
DetailsIn December 2017 Metinvest increased its EBITDA by 28.1% MoM, to $251 million, with revenue up by 5.7%, to $915 million. As of December 31, 2017 the group combined debt was $3.017 billion. In December 2017 Metinvest sold 465 thousand tons of semi-finished products valued at $194 million: 232 thousand tons of pig iron billets…
DetailsIn February Ukraine produced 1.51 million tons of steel, down by 20% MoM. According to Ukrmetallurgprom, pig iron output dropped also by 20%, to 1.56 million tons, while that of rolled metal – by 23%, to 1.3 million tons. In January-February pig iron manufacture, taking into account operation of works situated in the temporarily occupied…
DetailsResidents of Toguz-Toro district of Jalal-Abad region again protest against the construction of a gold recovery plant. About a hundred locals reportedly broke into the territory of GL Makmal Developing company and broke the fence. This is the second protest of the local residents. After the first, construction of the gold recovery plant was suspended.…
DetailsIn 2018 PJSC ArcelorMittal Kriviy Rih plans to spend over UAH 13.2 million on medical insurance of its employees. This insurance contract covers the costs of diseases and injuries treatment at company’s cost. Each employee can have insurance coverage in the amount up to UAH 100 thousand per year. This is one of the biggest…
DetailsEnergomashspetsstal will produce a batch or rolls and slag ladles weighing 1457.39 tons for ArcelorMittal Temirtau. According to the company statement, it will produce rolls for 1700 hot-rolled mill, as well as for 1400 and 1700 cold-rolled mills. The rolls have to be delivered to the customer by September. 200 tons of slag ladles will…
DetailsChelyabinsk Iron and Steel Works has produced a pilot batch of Z310 sections. The project is oriented on the wagon-construction market. The new sections are manufactured at the rail-and-beam mill of high-strength steel. The peculiarity of the section is its complex Z-form. “ChMK new product will be in demand by Russian wagon-building and repairing enterprises”,…
DetailsIn 2017 world aluminum consumption increased to 64 million tons. According to the Russian Aluminum Association, consumption grew in all industries. In 2018 the construction industry is expected to demonstrate a 5% growth in aluminum consumption. The consumption of aluminum in construction is growing despite the decrease in the volume of housing constructed. This means…
DetailsIn May the group of companies Ferrum will commission two additional welding lines with the combined capacity of 54 thousand tons per year. According to the company statement, two machines were acquired last October. In particular, the 63-127 machine with the capacity of 36 thousand tons per year will produce 76-108 mm round pipes and…
DetailsBeloretsk Iron and Steel Works has been awarded the status of the “Perfect Supplier” by one of the largest machine-building enterprises of Russia – Transpneumatica. In 2017 the works increased supplies to the company 1.5-fold YoY. When awarding the status, the customer evaluated the availability of the certified quality management system, the quality of the…
DetailsIn 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…
DetailsIn 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, has signed a deal to sell a facility in Ukraine to group DCH for $106 million, the company said in a statement on March 1. The payments will be made in several tranches with the initial $25 million payment to be made five days after signing…
DetailsThe period of temporary state regulation of coal prices in Kyrgyzstan has expired, the State Agency of Antimonopoly Regulation reported. To curb the growth of coal prices, meet the needs of socially vulnerable citizens and timely provide the population with coal in the autumn-winter period, state regulation of coal prices for a period of 90…
DetailsVyksa Iron and Steel Works has automated the management of warehouse stocks. The company has implemented a system to decrease stocks and risks of shortage of the most popular products. With the help of the system VMZ was able to decrease its stocks by 100 million rubles. “VMZ has created a modern and flexible system…
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