The board of directors of the Pipe Metal Company (TMK) has approved the buy back of the shares valued at $30 million. The project will be carried out in 2018-2019. The papers bought back will be kept by TMK. The company plans to buy back up to 29.3 million shares, or 7.3 million GDR. (Ukrainian…Details
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ArcelorMittal Temirtau is reconstructing its hot-rolling mill-1700 in the sheet-rolling shop No. 1. The goal of the project is to replace outdated machinery and increase capacity. The machinery is supplied by Novokramatorsk Machine-Building Works (Ukraine). So far the company has shipped machinery for the second stage of repairs. Soon NKMZ specialists and AMT employees will…Details
Novorosmetal has announced the construction of a rolling plant near the town of Novorossijsk. According to the department of economical development of the town administration, 10.2 ha of land has been reserved for the plant. The company is expected to create 450 to 600 jobs. The Novorossijsk Rolling Plant LLC has already been created. The…Details
Ukraine’s exports in January-August of titanium ore and concentrate – a raw material used for titanium sponge production – grew by 3.1% YoY, to 419,030 tons, the state customs service reported. Revenue from exports of the commodity increased to $87.7 million from $66.2 million a year ago, the customs service said. In January-August Ukraine shipped…Details
In early September the DTEK Space Heroes Mine Group reported the yield of over 3 million tons of coal since the beginning of the year. In mid-August the mine named after Space Heroes reported mining of 2 million tons of coal. In early September the miners of the Blagodatnaya mine joined them with another million…Details
In January-July Russian imports grew by 11.8% YoY, to $136.9 billion. According to the customs statistics, the share of metal and metal wares was 7.3%, up from 7.1%. The share of far foreign countries was flat at 5.9%, while that of CIS countries went up to 18.5% from 16.3%. The monetary value of imports grew…Details
According to the customs statistics, in January-July Russian exports totaled $239.1 billion, up by 27.9% YoY. The share of metal and metal wares was 10.6% (up from 10.1%). The share of the far foreign countries grew from 9.7% to 10.2%, and of CIS from 12.3% to 13%. The monetary value of exports increased by 34.5%,…Details
Severstal Steel Decisions has completed the shipping of metal structures for the construction of an office building in the village of Ozeretskoye in Moscow region. The total floor area of the building is 120 square meters. The company has supplied 140 tons of metal structures. (Ukrainian metal)Details
Omega LLC has finished the gold washing season of 2018. The result was 320 kg of alluvial gold, with the target at 304 kg. The output grew by 14% YoY. The company is developing gold deposits in the Republic of Sakha (Yakutia). It has 4 licenses for Lazo, Bilir, Bolshoy Delegenyakh and the Bilir Brook…Details
In August Energomashspetsstal produced and supplied over 200 tons of working and supporting rolls to Ukrainian customers. In particular, the rolls have been delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works, Azovstal, etc. All these enterprises are long-time partners of EMSS. The rolls will be used at hot- and cold-rolling mills. (Ukrainian metal)Details
Mechel will participate in the largest international transport exhibition InnoTrans 2018 on September 18-21 in Berlin, Germany. At the event Mechel will showcase the products of the rail and beam mill of Chelyabinsk Iron and Steel Works. The company has mastered the manufacture of the main types of rails according to European and Russian standards,…Details
Karelsky Okatysh has started developing the fuel peat deposits Zarechnoye. The opening of the deposits was held on September 10. The peat will be used in the company boiler rooms to decrease the use of fuel oil. The deposits comprise 9 sites on the area of 272 ha, with combined peat reserves of 718 thousand…Details
The largest shareholder of Petropavlovsk, Kenes Rakishev (22%) commented on the lowering of the company credit rating. “The decrease of the gold-extracting company Petropavlovsk credit rating by Fitch from B- to CCC should not be dramatized. The results of the first half of the year led to this. We had a corporate conflict at the…Details