Employees of the state coalmining enterprises have organized a strike near the building of the Lviv regional state administration demanding their salary debt issues to be solved. The chairman of the administration Oleg Sinyutka promised to talk to the representatives of the Ministry of energy and coal industry on the matter. DTEK Energo reported that…
DetailsIn July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad. According to the railroad statistics, deliveries dropped by 132.7% YoY. In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)
DetailsIn July Vyksa Iron and Steel Works decreased steel sales via railroad by 18.9% YoY, to 130.9 thousand tons, both to local customers and abroad. In January-July railroad deliveries grew by 21% YoY, to 1.37 million tons. Supplies to Russian customers increased by 19.7% YoY, to 1.05 million tons, while exports went up by 25.5%,…
DetailsThe Uralelectromed subsidiary has put into operation after a scheduled repair an Engitec Technologies short-drum furnace. The inner insulation layer of the furnace has been replaced. The work cost some 2.5 million rubles. Refractory bricks of two types were used to assemble new lining. The short-drum furnaces are heated to 1200 degrees C to produce…
DetailsIn January-June the net profit of Asha Iron and Steel Works decreased by 120.4 million rubles YoY, to 232.7 million rubles. Revenue grew to 12.7 billion rubles from 11.1 billion rubles. The decrease of the net profit was due to the growth of various expenses by 22%. The company debts dropped to 2.7 billion rubles.…
DetailsBeloretsk Iron and Steel Works is testing its new ropes with polymer coating in the coal pits of South Kuzbass and at the Korshunovsky GOK quarry. The company will start mass production of the steel ropes in early 2019. They are intended to replace imported analogues in mining and oil industries, as well as in…
DetailsSeverstal has finished assembling new stand in the electric repair shop of Promservice center. The machinery has already been commissioned. “It was the idea of the shop employees to purchase the stand to repair electric engines. Investments totaled 4 million rubles”, Severstal Russian Steel repair division director Sergey Dobrodey said. The stand will make engine…
DetailsNLMK Group reports the tragic death of Dr. Bruno de Cooman, NLMK Group Vice President for Research and Development, on August 29 in Moscow. “Bruno De Cooman’s death is an enormous loss for the group and the entire sector, for his friends and family. He has made an invaluable contribution to the development of global…
DetailsThe prices of precious metals decreased in Azerbaijan on August 29, according to the data published by the Central Bank. The price of gold fell by 8.7465 manats, to 2,047.6925 manats per ounce on August 29 compared to the price on August 28. The price of silver dropped by 0.1912 manats, to 25.1079 manats per…
DetailsThe net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue increased by 3.3%, to $786.08 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)
DetailsOn August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…
DetailsLately a number of Armenian and Azerbaijani media reported on possible “mass firings” at Rusal Armenal because the US sanctions affected foil exports. The company is the largest producer and exporter of aluminum foil. “The works is operating in stable mode. No mass firings are in question. The information appearing in some media is false”,…
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