Kamastal Works is currently under construction on the Nizhnekamsk territory of advanced development. The company will produce polymer-coated rolled coils. Shandong Baikal Group (China) is the investor of the project. The plant is expected to be commissioned in autumn. This year some 50 thousand tons of coils will be produced, while the capacity of the…
DetailsInterpipe has started carrying out an investment project to increase capacities to produce casing pipes with premium thread joints. Danobat will supply the main machinery for the new line. The line will be constructed at the Interpipe NTZ in the city of Dnipro. The capacity of the line is some 70 thousand tons per year.…
DetailsIn July Ukraine produced 1.599 million tons of steel, down by 7% YoY. Pig iron manufacture dropped by 2%, to 1.598 million tons, while that of rolled metal – by 10%, to 1.38 million tons. The decrease has to do with the capital repairs at the metal works. In January-July Ukraine produced 11.75 million tons…
DetailsA refractory worker perished at the Azovstal Iron and Steel Works, and a master worker was injured. The accident happened at the coke shop after the repair of the coke oven battery, when the elevator with people fell down. On May 28 the railroad car inspector perished at the works, and on March 16 –…
DetailsIn July railroad cargo transportation grew by 1% YoY, to 107.6 million tons. In January-July transportation increased by 3%, to 749.4 million tons. In particular, in 7 months Russian Railroads transported 216.1 million tons of coal, up by 4.9%, 67.1 million tons of iron and manganese ore, up by 5.1%, 46.1 million tons of ferrous…
DetailsLate on July 31 the newly equipped gas-purifying unit of the sinter factory in Mariupol Ilyich Iron and Steel Works went up in flames. This is not the first time when the Termokimik filters went out of operation. Last week 2 more filters stopped operation. The fire was the result of fixing the operation of…
DetailsIn January-June Ferrexpo decreased net profit by 29.6% YoY, to $152 million. According to the group statement, revenue grew by 4.4%, to $617 million. EBITDA dropped by 18.5%, to $234 million. Net debt as of June 30 decreased to $368 million from $394 million as of December 31, 2017. Sales volumes dropped to 4.798 million…
DetailsIn July Yuzhniy Mining and Processing Works produced 1044.4 thousand tons of concentrate, down by 0.7% YoY. According to the company statement, sinter output dropped by 63%, to 56.5 thousand tons. In January-July UGOK produced 7104.6 thousand tons of concentrate and 951.1 thousand tons of sinter, all down by 0.4% and by 9% YoY respectively.…
DetailsIn January-June MMK net profit increased by 24.7% YoY, to $671 million. Revenue grew by 16%, to $4.16 billion. EBITDA went up by 33.4%, to $1.21 billion. The group debts as of late June totaled $521 million. “The high financial results allowed the Board of directors to recommend paying $281 million of dividends for Q2”,…
DetailsKAZ Minerals will get controlling stake and the possibility to buy out the project to develop a large Baimskoye copper deposits in Chukotka, Russia, belonging to Roman Abramovich, Alexander Abramov and their partners. The company is buying 75% of the project for $675 million ($436 million in money and the rest in shares) and gets…
DetailsIn January-June Metinvest increased steel output by 4% YoY, to 3.79 million tons. In particular, Mariupol Ilyich Iron and Steel Works increased output by 8%, to 1.613 million tons and Azovstal – by 1%, to 2.181 million tons. Pig iron manufacture grew by 14%, to 4.292 million tons, with Mariupol Ilyich output up by 23%,…
DetailsThe prices of precious metals in Azerbaijan decreased on August 2, according to the data published by the Central Bank. The price of gold decreased by 3.876 manats, to 2071.875 manats per ounce on August 2 compared to the price on August 1. The price of silver fell by 0.0997 manats, to 26.1991 manats per…
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