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Electric arc furnace No. 13 with the volume of 10 tons is a part of the manufacturing complex of the electric arc furnace shop No. 2 of Zlatoust Electrometallurgical Works. The repair began on September 16 and would be completed until the end of the month. The cold commission of the furnace is scheduled for…
DetailsA new plant to produce metal structures will open in early 2020 in Moscow region. At present the first stage machinery is being commissioned. Until 2023 Doorhan plans opening 4 stages, and the number of employees will grow to 700. Doorhan, engaged in the manufacture of aluminum architecture systems, prefabricated buildings, construction sandwich-panels, etc., has…
Details•Benchmark iron ore prices tumbled today amid renewed doubts about Chinese economic stimulus, while coking coal prices plunged on oversupply and government imposed import restrictions. •Dalian iron ore futures fell 4.6% at 638 yuan (slightly below $90/mt) and Shanghai rebar – the world's most traded steel contract – lost more than 3%. •The Australian export…
DetailsThe Magnitogorsk Iron and Steel Works (MMK) is taking part in the international real estate investment forum PROEstate 2019. The company will present to potential partners a unique project to transform urban space called “Attraction”, initiated by the Chairman of the Board of Directors of MMK Viktor Rashnikov. The project is the first of its…
DetailsPipe Metal Company has concluded an agreement with Gazprombank on a loan of 14.09 billion rubles. The funds will be provided until March 21, 2025. TMK daughter companies – Sinarsky Pipe Works, Seversk Pipe Works and Taganrog Iron and Steel Works – acted as guarantors. The agreement with SinTZ was signed on September 18, while…
DetailsRosgeologia and the Managing Company UGK LLC have signed an agreement on cooperation in subsoil use. The document presupposes creation of joint ventures to carry out investment projects on prospecting, estimating and developing deposits in Russia and abroad. Moreover, the companies plan to cooperate in further prospecting of unused deposits in order to put them…
DetailsIn January-August Kazakhstan produced 313.3 thousand tons of copper, up by 11.8% YoY. Zinc output grew by 1.6%, to 216 thousand tons. At the same time non-ferrous metals ore mining decreased. Thus, zinc concentrate output dropped by 28.7%, to 153.3 thousand tons, and bauxite mining by 20.1%, to 2.8 million tons. (Ukrainian metal)
DetailsIn July Russia imported 3 thousand tons of raw zinc, down by 36% MoM, but up by 347.2% YoY. Deliveries from Kazakhstan totaled 2 thousand tons, down by 43% MoM. Imports from Peru dropped from 200 tons to 303 kg. At the same time purchases in Uzbekistan grew by 38%, to 839 tons. In January-July…
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