Russia: Norilsk Nickel to install 2-billion ruble air conditioning on mine

Metals giant Norilsk Nickel plans to install Russia’s first, 2-billion ruble air conditioning on the Taimyrsky mine, the company said in a statement on August 8.

The launch is scheduled for July-September 2020. The total consumed electric power capacity is planned at 6 megawatts.

Similar systems are used in China and Poland. (Prime/Ukrainian metal)

Russia: Evraz selling US asset

Evraz has agreed on the sale of its vanadium manufacturer Evraz Stratcor Inc. to a third party.

The sum of the deal is not disclosed.

It is expected the deal will be finalized in September.

Evraz bought 73% of Stratcor in 2006 for $110 million. (Ukrainian metal)

Ukraine: AMKR supports initiatives of the President Office

Top managers of ArcelorMittal Kriviy Rih had a meeting with the President of the State Volodymyr Zelenskyi in the end of July, and recently had negotiations with the representative of the Office of the President of Ukraine, having discussed possibilities to improve environmental footprint and to implement social projects in Kriviy Rih. The result is…

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Ukraine: ferrous metals export revenue down in January-July 2019

In January-July Ukraine received $5.61 billion of revenue from the export of ferrous metals, down by 9.4% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.53% of all export revenue as opposed to 23.07% in January-July 2018. In July Ukraine exported $818.21 million worth of ferrous metals. Imports in 7 months dropped…

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Ukraine: scrap imports up in January-July 2019

In January-June Ukraine imported 39.394 thousand tons of scrap valued at $22.024 million, up by 52.7% and by 0.1% YoY respectively. According to the State Fiscal Service, the main suppliers were Turkey (49.5%), Russia (41.65%) and the Netherlands (3.02%). Ukraine also imported 488 tons of hot-briquetted iron from Russia valued at $166 thousand, as opposed…

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Ukraine: Metinvest spends 20 million UAH on improving working conditions

Under the “Working conditions” program, Metinvest is gradually improving the amenities at its enterprises. Thus, after capital repairs the Metinvest-Promservice has received another bath with the size of 200 square meters in the sinter machinery repair shop. Over 2 million UAH were invested in the project. This year Metinvest has already spent 20 million UAH…

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Ukraine: AMKR insists on quality performance of works under the social partnership agreement

The cracked tiles shall be replaced, the deformed areas shall be repaired, and the project to improve the pedestrian walkway along Metallurgov Avenue near Bogdan Khmelnitsky Park shall be completed, ArcelorMittal Kriviy Rih insists. The company reserved UAH 10 million for this project; the works started in April, but were suspended in May after the…

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Russia: Severstal increases purchases from Vologda region enterprises in H1 2019

In January-June Severstal purchased 12.2 billion rubles worth of goods and services from the Vologda region enterprises, up by 5 billion rubles YoY.

The share of the region in the group combined procurement reached 17%.

The increase is due to the major investment program at Cherepovets Iron and Steel Works. (Ukrainian metal)