From October 1 Metinvest is increasing wages of its employees on average by 10%. According to the group press service, the experienced repairmen and technical engineers will see their salary grow by 15%. The wages of master workers and ordinary workers will increase by 10%, and of administration personnel – by 7%. This year Metinvest…Details
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Magnitogorsk Iron and Steel Works (MMK) Group has been implementing a series of water protection initiatives aimed at decreasing the ecological impact on water facilities. The company’s short-term plans include completely eliminating the disposal of wastewater into Magnitogorsk Reservoir. To this end, MMK is completing a key stage in the reconstruction of the circulating water…Details
In line with the intention of the shareholders of NLMK Belgium Holdings SA (NBH), NLMK Group has decreased its holdings in NBH through the sale of its 2% stake to THN, an NBH-affiliated company. These shares will be available for conversion into treasury shares for potential distribution in the context of long-term incentive program linked…Details
The Uralelectromed subsidiary (Manufacture of polymetals) has commissioned the shaft furnace No. 2 after capital repairs. The cost of repair was 47 million rubles. It took repairmen 26 days to completely disassemble the machine with the height of 15 meters and then assemble it again. Preparation for the work started a year before the furnace…Details
Cherepovets Iron and Steel Works has purchased new equipment for bearing vibrodiagnostics valued at 9 million rubles. In particular, the company has bought a Leonova Diamond portable device and a Leonova Inetllinova Parallel Protable mobile diagnosis system. Investments in the purchase totaled 9 million rubles. “The new equipment allows detecting flaws in low-speed rolls of…Details
The Uralelectromed subsidiary (Manufacture of non-ferrous metals alloys) will produce two refining tanks to increase the capacity of the refining department of the metal shop. The cost of each tank is 3.8 million rubles. The machinery will be placed in the beginning of the technological cycle and will be filled with black lead. “The new…Details
Energomashspetsstal has shipped billets to the Ruppur Nuclear Power Plant (Bangladesh) and Akkuyu Nuclear Power Plant (Turkey). According to the company statement, it has supplied 21 bulk billets to the customers. The batch included various types of machinery, in particular, shells, bilges, nozzle, connection pipes and pipes for the reactor coolant pipe. The combined weight…Details
Zaporozhye Iron Ore Complex together with the town council of Dneprorudnoye is reconstructing the main water pipeline. “Over 19 thousand citizens of Dneprorudnoye had for a long time to cope with constant failures of the pipeline and the bad quality of water. Most of the company employees reside here. And they together with their families…Details
Sumykhimprom has concluded an agreement with Ukrspetslom LLC on the purchase of scrap valued at 45 million UAH. The agreement will be valid till summer of 2019. The company will have to supply secondary ferrous metals according to DSTU 4121-2002 at 8750 UAH per ton. Last year Sumykhimprom bought scrap from Ukrspetslom 22% cheaper, at…Details
Interpipe continues supplying railroad wheels to Russia, even though the EEC has increased the import duty from 4.75% to 34.22%. According to the company CFO Denis Morozov, the Russian market is suffering from the wheel shortage, and the customers are ready to pay any price. “There is now no spare wheels in Russia. The shortage…Details
Under the project to commission new capacities of the second stage of the new rolling complex, the Kamensk-Uralsky Iron and Steel Works is finishing testing the finishing stand of the Danieli-Freling hot-rolling mill. The tests started in July. The project will allow the company supplying new semi-finished products to customers. The design capacity of the…Details
Beloretsk Iron and Steel Works has renewed its certificates of the correspondence for steel ropes used in oil and gas industry. In particular, rotary lines have passed the voluntary GOST R certification. Prior to that an audit has been carried out. The auditors have visited steel rope shops, the laboratory, and inspected the rope and…Details
In January-August Magadan region mined 261.8 thousand tons of coal, up by 9.1% YoY. At the same time, no coal was mined in July-August. There are 3 enterprises mining for coal in the region – Kolyma Coal Company LLC mined 185 thousand tons, up by 83% YoY; Association of Business Cooperation increased output by 17%,…Details