Russia: Fitch raises Severstal rating to BBB, outlook stable

International rating agency Fitch Ratings has upgraded the long-term issuer default rating of the Russian steelmaker Severstal to BBB from BBB-, with a stable outlook. “The rating upgrade reflects Severstal’s tested conservative financial policy during the supply-driven steel price turbulence in 2016-2017 and increasing protectionism since 2018. Its strong financial profile has been driven by…

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Russia: Belogorsk to start producing 4 thousand tons of metal structures from 2020

KMK-Partners has become a resident of the Belogorsk advanced development territory in Amur region. This is the seventh resident registered in the territory. Next year the company will start producing construction metal structures. It intends to produce some 4 thousand tons of metal structures per year. The company will also repair construction machines. Investments in…

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Russia: Evraz NTMK laboratory turns 60

The Central electrotechical laboratory of Evraz NTMK has turned 60. The order to create the laboratory was signed by the first director of the works in 1959. Now the laboratory performs some 18 thousand control and repair operations of 415 machines, 889 power transformers, and 20 thousand electric appliances. This year the laboratory, employing 74…

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Russia: UEM assembles new cooling tower

A new Rosinka – 50/60 cooling tower has been assembled in the power shop of the Polymetal Manufacture, a subsidiary of Uralelectromed, replacing an outdated machine.

The old machine has been operating for 60 years.

The new cooling tower has been assembled and tested. (Ukrainian metal)

Russia: ChMK produces rebars for university dormitory

Chelyabinsk Iron and Steel Works has produced rebars for the construction of the South-Urals State University dormitory.

The new dormitory for 1.5 thousand students will be constructed in 2020.

The building will consist of 2 sections of 11 and 18 storeys, with one-, two- and three-room blocks. (Ukrainian metal)

Turkmenistan: iron ore reserves discovered

Turkmengeologia State Corporation of Turkmenistan has discovered iron ore deposits at the “Gyzylgaya-V” area of the Chagyl deposit in the Gyzylgaya settlement of the Turkmenbashi district in the country’s Balkan region. The presence of the corresponding components in the iron ore necessary for the production of cement has been confirmed. During the geological exploration work,…

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Uzbekistan: Russian company delivers first batch of equipment to TMP

The Russian group of companies MetProm has carried out the first delivery of the main technological equipment to the Tashkent Iron and Steel Works (TMP). The manufacturer of the equipment delivered was the Italian concern Danieli, one of the world’s largest manufacturers of metallurgical equipment. When choosing a supplier, not only the cost of equipment…

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Russia: CherMK finishes 5000-mill repair

Cherepovets Iron and Steel Works has carried out a scheduled repair of its 5000-mill in the sheet-rolling shop.

The repair lasted for 6 days.

Investment in the project totaled 94 million rubles.

The preparation for the repair began in late 2018. (Ukrainian metal)