Norilsk Nickel has started replacing bridge cranes in the nickel electrolysis shop of Kola Iron and Steel Works. It is planned to assemble 8 new bridge cranes with the cost of some 200 million rubles. The maximum lifting capacity of each new crane will be 20 tons. The replacement of cranes is one stage of…
DetailsIn 2017 Dneprospetsstal received 53.677 million UAH. According to the company statement, the cost of its assets increased by 33.7% YoY, to 7.945 billion UAH, while its accounts receivable grew by 15.7%, to 1.55 billion UAH. The company fixed liabilities decreased by 41%, to 1.644 billion UAH, while current – increased by 60%, to 4.9…
DetailsThe largest open-hearth furnace in Russia has been shut down at Vyksa Iron and Steel Works, a part of OMK. The technology became obsolete, and the company will switch to new techniques. “The shutting down of the open-hearth furnace manufacture will decrease air pollution by 90%. All the workers of the closed shop will be…
DetailsRussian metals producers can sustain at least $2 billion losses from a 25% U.S. import duty on steel and about $1 billion from a 10% aluminum duty, Deputy Industry and Trade Minister Viktor Yevtukhov declared. “Concerning the losses of our companies, tentative estimates show at least $2 billion from the steel duty and $1 billion…
DetailsPJSC ArcelorMittal Kriviy Rih, the biggest steel company of Ukraine, has announced its financial results for 2017. Key financial results are as follows: Net income from sales – $2.489 billion (UAH 66.19 billion). Net profit – $0.19 billion (UAH 5.06 billion). Amount of investments (CAPEX and OPEX) – $0.338 billion (UAH 9 billion). In recent…
DetailsIn 2017 Energomashspetsstal received 930.56 million UAH of losses, down by 38% YoY. According to the company information, since the beginning of the current year its uncovered losses totaled 7.89 billion UAH (7.013 billion UAH in 2017). In 2016 EMSS decreased losses 2-fold YoY, to 1.498 billion UAH. Last year the company assets dropped slightly…
DetailsOn March 22 the arc furnace No. 1 was put into operation. Now the steel manufacture of Belarus Iron and Steel Works operates in normal mode with 3 furnaces. On March 12 repairs at the arc furnace No. 3 were completed. The repairmen were able to finish the work 3 days earlier. On March 17…
DetailsMine named after Matrosov, a part of Polyus, plans this year to mine 5 tons of gold at the Natalkinskoye deposits in Magadan region. When the project reaches its full capacity, the output will total 12 tons per year. Together with other enterprises, Natalka could bring the combines gold output of the region to 40…
DetailsIn 2017 Berezitovsky Mine LLC, a part of Nordgold, produced 2.933 tons (94.3 thousand ounces) of gold, up by 18% YoY. According to the company press-service, the increase has to do with the growth of the manufacturing efficiency as well as commissioning of the third stage of the quarry. Last year the company mined some…
DetailsA new drilling rig began operating in the Stoylensky Mining and Processing Works quarry. It has been purchased under the renovation program to replace outdated machinery. The efficiency of the new rig is 7% higher. The new machine also boasts increased lifetime of 2 years and decreased terms of repairs. (Ukrainian metal)
DetailsIn 2017 Raspadskaya increased deliveries of coking coal to Evraz Ukraine enterprises 9-fold YoY, to 506 thousand tons. The share of Evraz Ukraine in the total sales of coal concentrate grew to 8% in 2017 from 1% in 2016. Last year the company sold 7.494 million tons of coal concentrate and ordinary coal, up by…
DetailsIn February Evraz NTMK decreased railroad sales of rolled metal by 6.1% YoY, to 280.2 thousand tons. In January-February sales dropped by 12.7%, to 586 thousand tons. In particular, supplies to domestic consumers decreased by 7.5%, to 289.2 thousand tons, and for export – by 17.2%, to 296.8 thousand tons. (Ukrainian metal)
DetailsGaz-Alliance, controlled by the renegate businessman Sergey Kurchenko, has been appointed the only supplier of coal from the Kiev-uncontrolled territories. According to Vladislav Brig, a member of the so-called People’s Council of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, on March 14 the Russian Ministry of economic development prohibited the…
DetailsIn 2017 Raspadskaya received $319 million of net profit, up 1.7-fold YoY. According to the company statement, its revenue grew 1.7-fold, to $868 million. The gross profit reached $459 million, up 2.2-fold YoY. (Ukrainian metal)
DetailsIn 2017 ArcelorMittal Kriviy Rih increased net profit by 87% YoY, to $190 million (5.06 billion UAH). According to the company statement, net income totaled $2.489 billion (66.19 billion UAH). Investments last year reached $0.338 billion (9 billion UAH). “This year AMKR will continue investing in developing capacities. The planned amount for this year is…
Details