In August Zlatoust Electrometallurgical Works exceeded its manufacturing plans. In particular, the metallurgical manufacture surpassed the plan on steel production using vacuum arc remelting technique. Nickel-containing steel and alloys accounted for some 1400 tons. The company has also mastered the manufacture of slabs of corrosion-resistant heat-resistant steel. In August ZEMZ produced 4.876 thousand tons of…Details
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In January-July Russia exported 27.452 million tons of ferrous metals, up by 13.5% YoY. According to the Federal Customs Service, the exports of ferrous metals without pig iron, ferroalloys, scrap and wastes totaled 17.904 million tons, up by 5.9%. The exports of semi-finished products of carbon steel reached 9.507 million tons, up by 14.8%, of…Details
Belarus Iron and Steel Works has manufactured a trial batch of new products – rebars of 8 mm diameter. Previously the company produced rebars with the diameter of 10 to 40 mm. The mastering of the new product has been dictated by the demand from customers. This year the company has received some 40 orders…Details
Employees of the Novovolynskaya Mine No. 9 have been striking for 10 days already because of the wage debts. Now they have made a strike near the Volynugol administration premises demanding the CEO to be fired. “In addition to the clearing of the salary debts they also insist on firing the acting CEO of the…Details
Russian gold producer Polyus has retained its gold output forecast for 2018 unchanged, CEO Pavel Grachyov declared. “Yes, I can confirm our forecast. We are approaching the upper limit of a 2.375-2.425 million ounces range in a comfortable manner. The plan for 2019 is 2.8 million ounces,” he said. The Natalka gold mine continues to…Details
Artyom Filipyev has been appointed General Legal Counsel of PJSC ArcelorMittal Kriviy Rih. He will be responsible for enforceability of PJSC ArcelorMittal Kriviy Rih within laws of Ukraine, protection of interests of the company in economy, land and property. Prior to new appointment, Artyom Filipyev worked on the position of the Legal Director, PrJSC Consumers-Sklo-Zorya…Details
Mining and processing works of Ukraine now stock 700 thousand tons of iron ore raw materials with the norm of 150 thousand tons due to the difficulties with shipping via railroad. In August the companies undersupplied $100 million worth of products. “In September the goal will not be reached, thus, the companies will have to…Details
Nordgold has put into operation a new mine – Gross – in Yakutia. Investments in the mine are estimated at $250 million. When the mine reaches its design capacity it will be extracting some 12 million tons of ore and producing 200 thousand ounces of gold per year for 17 years. (Ukrainian metal)Details
In June-August direct deliveries of rolled steel to the major metal servicing centers specializing in the manufacture of metal structures, totaled 594.5 thousand tons. According to the railroad statistics, this is up by 2.8% YoY. At the same time deliveries dropped by 5%, but grew by 20% and by 3% as compared with 2014, 2015…Details
In August direct deliveries of metal to the major enterprises of the oil and gas complex of Russia and to the construction sites of new oil and gas projects totaled 336.2 thousand tons. According to the railroad statistics, this is down by 21.2% YoY. In January-August deliveries reached 2.84 million tons, down by 12.1% YoY.…Details
In June-August steel deliveries to major metal traders totaled 2.71 million tons. According to railroad statistics, this is up by 6.1% YoY. At the same time deliveries grew by 24%, 14% and 2.6% compared with 2014, 2015 and 2016 respectively. (Ukrainian metal)Details
The board of directors of the Pipe Metal Company (TMK) has approved the buy back of the shares valued at $30 million. The project will be carried out in 2018-2019. The papers bought back will be kept by TMK. The company plans to buy back up to 29.3 million shares, or 7.3 million GDR. (Ukrainian…Details
ArcelorMittal Temirtau is reconstructing its hot-rolling mill-1700 in the sheet-rolling shop No. 1. The goal of the project is to replace outdated machinery and increase capacity. The machinery is supplied by Novokramatorsk Machine-Building Works (Ukraine). So far the company has shipped machinery for the second stage of repairs. Soon NKMZ specialists and AMT employees will…Details