NuMetal and its key shareholder Russian bank VTB have not abandoned the idea of buying bankrupt Indian smelter Essar Steel, VTB CEO Andrei Kostin announced on October 5. Bloomberg reported that India’s Supreme Court ruled on October 4 that the entire soured debt of affiliates of participants in the auction for the steel asset must…Details
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Indian energy company Tata Power has received a license to invest in a coal deposit on Russia’s Far East, head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev reported on October 5. “We are actively working with several Indian companies on investments in Russia, including with Tata Power, which plans to develop actively the…Details
Prices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 5, according to the data published by the Central Bank. The price of gold grew by 3.74 manats, to 2,037.62 manats per ounce on October 5 compared to the price on October 4. The price of silver dropped…Details
Severstal Steel Decisions has sent the first wagon of metal structures to Vorkutaugol. The structures will be used to construct lifting machine premises at the Komsomolskaya mine. In particular, the company has produced metal structures for the frame of the building. The metal structures weighing over 100 tons have been produced at the Orel manufacturing…Details
Novgorodsky Iron and Steel Works has carried out a scheduled repair of the main furnace in the copper-smelting shop. The cost of the repair is 2 million rubles. “In May our metallurgists visited Kyshtym Electrolytic Copper Plant to exchange experience on repairs and maintenance of machinery. Having implemented the techniques of our colleagues, we have…Details
Yakutugol has purchased a new BelAZ 7540V quarry dump truck for the operation at the Kangalasskiy coal pit. The cost of the machine is 12.5 million rubles. The lifting capacity of the dump truck is 30 tons and the maximum speed – 50 km/h. Yakutugol and BelAZ have been cooperating for over 40 years. (Ukrainian…Details
In January-September Ukraine decreased scrap exports by 4.1% YoY, to 307.922 thousand tons, valued at $100.29 million, up by 34%. According to the customs statistics, in September Ukraine exported 7.59 thousand tons of scrap, in August – 19.05 thousand tons, in July – 10.939 thousand tons, in June – 19.359 thousand tons, in May –…Details
In September Sverdlovskaya Railroad transported 11.5 million tons of cargo, down by 1.2% YoY. Transportation in 9 months dropped by 0.3% YoY, to 104.5 million tons. In particular, transportation of ferrous metals increased by 1.8%, to 7.7 million tons, of scrap – by 6%, to 1.9 million tons and of coke – by 29.9%, to…Details
In January-August Lermontovsky Mining and Processing Works produced 235 tons of tungsten concentrate. The company employs 240 locals from the Svetlogorye village. In April LGOK resumed operation after a scheduled shut down. Since February the company has been assembling new machinery. Last year LGOK received 250 million rubles from the regional budget to resume operation.…Details
Russia: Metalloinvest and Signify complete second stage of lighting modernization at LGOK, MGOK and OEMK
Signify (previously Philips Lighting) has modernized lighting systems at three Metalloinvest enterprises: Lebedinsky and Mikhailovsky Mining and Steel Works as well as Oskol Electrometallurgical Works. All in all the company has replaced over 5 thousand lamps in 15 shops. As the result of the second stage of the large-scale program to modernize lighting at Metalloinvest…Details
A record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) was achieved at the electric steel smelting shop at Magnitogorsk Iron and Steel Works (MMK). Periclase carbonaceous refractories within the lining of THF No. 32 withstood three full months and 1,265 melts. The previous highest indicator…Details
Energomashspetsstal has successfully fulfilled a contract to supply supporting rolls to a major Chinese metal company Anyang Steel. Under the contract EMSS has shipped two heavyweight supporting rolls with the combined weight of 230 tons. The rolls will be used in the hot-rolling plate mill-3500. The successful fulfillment of the order will allow EMSS receiving…Details
In early September Ukrzaliznytsia announced a tender to buy tyres for rolling stock valued at UAH 47.7 million. Two companies participated – Interpipe Ukraine and Intervtorprom. Neither decreased their offers, thus raising suspicion. Journalists of the “Railroad without corruption” project found out that the companies often participated in such trades. This time all the documents…Details