Bratsk Aluminum Works is preparing for construction of two gas-purifying machines. The construction of machine No. 32 will start in August, and of No. 31 – in October. All the work is expected to be completed in 2021. By 2024, BrAZ has to operate 15 new gas-purifying machines. Gross pollution will decrease by 20%. Investments…Details
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In 2019, Nadezhdinsky Iron and Steel Works decreased net profit by 37% YoY, to 838 million rubles. Last year the company was receiving profit each quarter: 285 million rubles in Q1, 217 million rubles in Q2, 169 million rubles in Q3 and 158 million rubles in Q4. Revenue dropped by 9%, to 22.04 billion rubles.…Details
NLMK Group, a global steel company, has opened a laboratory center in Lipetsk for microstructure analysis, which will analyze the properties of steel to develop new premium products and optimize metal processing techniques. The center is equipped with the latest high-precision measuring equipment. Several dozen unique devices enable more than a thousand types of microscopy…Details
Dneprovsky Iron and Steel Combine has begun the capital repair of the Du-1220 gas pipeline, which provides for the transportation of the mixed coke oven and blast furnace gas. The repair will last for 5 months and will cost 1.2 million UAH. The length of the gas pipeline is 4 km. A site 1.5 km…Details
In January, Russia exported 10 thousand tons of flat rolled aluminum, up by 1% MoM and by 17% YoY. Price dropped by 1%, to $2.9 per kg. Deliveries to Poland increased by 24%, to 3.8 thousand tons, and to USA – by 22%, to 1.3 thousand tons. Exports to Finland decreased from 922 tons to…Details
In January, Russia imported 301.8 tons of molybdenum ore, down by 28% MoM, but up by 48% YoY. Price dropped by 7%, to $12.4 per kg. USA, Chile and the Netherlands supplied 100 tons each. In particular, imports from USA remained unchanged, while from Chile – grew by 25% and from the Netherlands – by…Details
In 2019, Pravourminskoye LLC, developing the tin deposit of the same name, received 82.9 million rubles of net losses as opposed to a net profit of 60.4 million rubles in 2018. The company produced 2146.8 tons of tin concentrate and sold 2183.3 tons. Sales revenue grew by 22.7%, to 1.405 billion rubles. Sales profit decreased…Details
Ferrostar will start constructing the plant to produce directly reduced iron at its site in the Titanium Valley Special Economic Zone in the first half of the year. In particular, the construction is expected to begin in June. Investments in the project will amount to 2.24 billion rubles. The plant will be commissioned in December…Details
Sukremlsky Pig Iron Works has supplied the first batch of socketless pig iron pipes for construction of the infection hospital near Moscow. The company has already shipped 3 thousand pipes and some 7.5 thousand joints, altogether more than 90 tons. The pipes are used to construct sewer system of the hospital. (Ukrainian metal)Details
In March, Ukraine produced 1.79 million tons of steel, down by 9.1% MoM. Pig iron manufacture decreased by 4.6%, to 1.75 million tons, and rolled metal – by 7.9%, to 1.56 million tons. In 3 months pig iron output dropped by 2% YoY, to 5.11 million tons, steel – by 3%, to 5.34 million tons,…Details
PJSC Magnitogorsk Iron & Steel Works, one of the world’s largest steel producers, announces that Standard & Poor’s Global Ratings has revised MMK outlook from positive to stable and affirmed the rating at BBB-. The outlook revision reflects uncertainties about near-term economic prospects, demand/supply and pricing for steel and raw materials, potential protection measures, and…Details