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Metalloinvest has opened a pre-export financing credit line with a number of Russian and international banks. The PFX-2019 amount is 300 million euro, and the maturity rate is 4.25 years. The agreement has been concluded under the strategy to manage loans. The funds will be used to improve the loan portfolio, in particular, to optimize…
DetailsIn January-August Dneprospetsstal decreased steel output by 13.7% YoY, to 145.7 thousand tons. Rolled metal manufacture dropped by 9.9%, to 101.3 thousand tons. Output of products decreased by 13.1%, to 5.7 billion UAH. In August DSS increased steel output by 5.1% MoM, to 19.7 thousand tons, and rolled metal – by 1.6%, to 13.7 thousand…
DetailsThe delegation of Asha Iron and Steel Works has visited Zlatoust Electrometallurgical Works. The goal of the visit was to strengthen existing cooperation. The visitors inspected the hammer shop and the rolling shop No. 1, as well as witnessed the manufacture of slabs with the height of 45 mm and width of 600 mm of…
DetailsThe use of metal in the construction of housing is not that widespread in Russia. While in developed countries some 50-60% of blocks of flats are built using steel frame, in Russia the volume is just 13.5%. The potential for the use of steel structures is seen in the metal companies participating in national projects,…
DetailsDrazhnik LLC, operating at alluvial gold sites in Magadan region, has extracted 1312.2 kg of gold. As of September 12, the current season output plan has been 99% fulfilled. This year the company started operating earlier than usual – on March 25, even though usually the company starts operating in late April. The company is…
DetailsUralelectromed under a project to construct a new sulfur acid shop has laid foundation, erected building frame and 3 tanks of 45 cubic meters each. The size of the warehouse will be 750 square meters. It will house 3 tanks to store sulfur acid and a pump unit consisting of 5 pumps. Two of them…
DetailsA fire broke out at 3,200 square meters of the cold-rolled metal products unit of steelmaker Novolipetsk Steel (NLMK)’s Yekaterinburg-based VIZ-Stal plant, 200 people have been evacuated, a representative of the region’s emergency services reported. “Combustion of hydraulic oil occurred on an area of 3,200 square meters. 200 people have been evacuated,” the person said.…
DetailsIn January-August Zaporozhye Iron Ore Complex increase iron ore output by 4.6% YoY, to 3.09 million tons. In August the enterprise mined 393 thousand tons of ore. In 2018 ZZhRK increase iron ore output by 1.1% YoY, to 4.552 million tons with the iron content of 60.91%. 4.464 million tons were sent to the customers.…
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