In September Ukraine exported $222.218 million worth of iron ore, up by 1.4% YoY. At the same time, imports grew 23-fold, to $0.323 million. According to the State Fiscal Service, the largest deliveries were to China ($59.869 million). In January-September Ukraine exported $2102.09 million worth of iron ore, up by 7% YoY, while imports dropped…Details
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The Tulachermet-Steel casting and rolling complex, to be commissioned by the end of the year, will produce rolled metal for the manufacture of metal wares. At present Russia imports some 530 thousand tons of metal wares per year, with 60% – from China. Tulachermet-Steel will produce steel and rolled metal of high quality. And many…Details
In January-September UralKuz increased sales by 61% YoY, to 110 thousand tons. Revenue grew by 50%. “The growth has to do with the revival of the market and a high demand for wagon building products. The capacity modernization allowed us reaching a record-high output”, the company managing director Victor Matsenko declared. (Ukrainian metal)Details
On October 13 the Denisovskaya Factory of Kolmar LLC processed 1 million tons of coal since its commissioning. The factory with the project capacity of 6 million tons per year was put into operation on April 26. “The factory is entering the stable mode of operation. We have reached the quality indexes of production. The…Details
In January-August Krasniy Octyabr increased stainless steel output by 8.2% YoY, to 36.3 thousand tons. In particular, the Volgograd subsidiary produced 22.4 thousand tons, or 43.7% of the total Russian output, and ZEMZ – 13.8 thousand tons (26.9%), down by 10%, but up by 60% YoY respectively. Thus, the group has occupied some 70.6% of…Details
The net profit of the Russian steelmaker Severstal surged by 86% YoY, to $1.473 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 19. Revenue went up by 14.6%, to $6.495 billion in the period due to favorable prices of steel on the global market…Details
The sales strategy of the Pavlovskoye deposit on the Novaya Zemlya is focused on foreign markets, Aleksandr Lukin, General Director of PGRK, declared. In 2023 the First Ore Mining Company (PGRK JSC, a company of Rosatom Corporation) is going to put into operation a lead and zinc concentrate production facility on Novaya Zemlya archipelago. Every…Details
Since the start of the year Chukotka has yielded 546.84 thousand tons of coal, up by 50% YoY. In three quarters Beringpromugol extracted 433.15 thousand tons of coal, with over 300 thousand tons exported to China, Taiwan, South Korea, Vietnam and Japan. This year the company intends to mine 600 thousand tons of coal, and…Details
Since the start of the year Kuzbass enterprises have mined 136.7 million tons of power-generating coal and 53.3 million tons of coking coal, up by 5.4% YoY. Mines yielded 67 million tons (65.1 million tons in January-September 2017), and pits – 123 million tons (115.1 million tons). In September 22.1 million tons of coal were…Details
As of October 1 the Sibir team LLC, extracting alluvial gold in Irkutsk region, has washed 59.9 kg of the precious metal. The plan for this year is 145 kg of gold. Thus, the annual plan is only 41.4% complete. Last year, as of October 1, the enterprise yielded 100.1 kg. And in the whole…Details
Beloretsk Iron and Steel Works has capitally repaired one of its main shops – the rolling mill-150. Investments in the work totaled 70 million rubles. The mill produces wire rod with the annual capacity of 630 thousand tons. “The mill-150 produces wire rod of 100 steel grades, which is used not only at our shops,…Details
The state enterprise Lvivugol has completely cleared its debt to the miners for August. According to an enterprise representative, funds from selling coal have been transferred, so soon a part of September salary will also be paid. On July 3 some 50 miners blocked the Lviv – Rava-Russkaya international road demanding their salary debts to…Details
Magnitogorsk Iron and Steel Works (MMK) has launched a project, which allows guests to visit the company’s production site. Several sightseeing tours are now readily available to tourists. “Taming the Fire” – this tour includes a visit to Russia’s largest blast furnace plant and the unique complex of Mill 5000 whose products are used to…Details