Alfa-Bank has provided 6 billion rubles to Seversky Pipe Works, a part of TMK. The loan has been given for 3 years. “We are grateful to the Alfa-Bank team for the speed of making the deal – in just one week. The deal will allow TMK to optimize its loan portfolio”, TMK deputy director on…Details
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This month Severstal will supply the first batch of hot-rolled metal to Uralmashzavod. Plates will be used in the manufacture of casting crane with the lifting capacity of 520 tons. The machine will be used at Cherepovets Iron and Steel Works. Investments in the project total 600 million rubles. The metal will be delivered via…Details
In July major Russian metal companies shipped 5.28 million tons of steel and pipes via railroad, up by 5.3% YoY. Deliveries to the domestic market totaled 3.05 million tons (+0.4%), while exports grew by 12.8%, to 2.23 million tons. In January-July deliveries reached 37.62 million tons, up by 5.6% YoY. Local customers received 21.29 million…Details
In January-June Tulachermet produced 1.27 million tons of pig iron, up by 3% YoY. The increase is due to the modernization of the blast furnace No. 3 in 2017, as well as the improvement of the quality of raw materials supplied to the company. Iron ore output dropped by 4%, to 2.48 million tons, with…Details
On August 12 the United Mining and Chemical Company is turning 4. In four years the company has invested over 1 billion UAH in technical revamping. Payments to the budget grew from 16.9 million UAH in 2014 to 875.7 million UAH in 2017. Last year UMCC paid 321.8 million UAH of dividends to the state,…Details
In January-June Dneprospetsstal steel output dropped by 0.3% YoY, while that of rolled metal grew by 0.9%. Sales increased by 1%. Net losses totaled 137.08 million UAH. Because of the losses investments have been decreased as well. In particular, in H1 the works saw 33.5 million UAH of investments, much lower than in previous years.…Details
In January-June Belarus Iron and Steel Works produced 43655 tons of metal wares, having sold 43306 tons. In particular, it produced 24063 tons of metal cord, 14049 tons of bronzed bead wire, 4291 tons of brass wire and 1219 tons of other wire. Output target was 2.6% overfulfilled. Sales target was fulfilled by 102.7%. Metal…Details
NLMK-Ural, one of the largest bars producers, has mastered the manufacture of rolled wire with the diameter of 6.5 mm of Sv-10GN1MA steel grade. The first batch of rolled wire weighing 97 tons has already been shipped to the customer. In the past 3 months the company has mastered the manufacture of rolled wire of…Details
Stoylensky Mining and Processing Works has put into operation a new 15-cubic meter excavator. The machine will be loading ore into railroad dump cars to be transported to the processing factory. The excavator has been purchased under the project to develop the quarry and increase quartzite output. The weight of the machine is 700 tons.…Details
The chairman of the Republic of Bashkortostan Rustem Khamitov has visited the Buzdyak Works. The works has mastered the manufacture of steel rebars. As raw materials the company uses used gas pipes. The capacity is up to 1 thousand tons of rebars per month. It employs 50 people. (Ukrainian metal)Details
MMK has delivered a trial batch of metal to Turkey via railroad Magnitogorsk – Baku – Tbilisi – Kars. Now the company is negotiating with Azerbaijani ADY Express the ways to supply up to 250 thousand tons of metal per year via this route. 4 containers with the total weight of 120 tons have been…Details
Natalya Evgenova, ex-manager from Metinvest Business Service LLC, has been appointed the chief accountant of Yuzhkoks. According to the CEO order dated August 3, she has been appointed from August 6 for an indefinite term. For the past 5 years Evgenova has been working for Metinvest. From September 15, 2017 till August 3, 2018 she…Details
In January-July Mariupol Ilyich Iron and Steel Works increased rolled metal output by 6.3% YoY, to 1.668 million tons. According to the company statement, steel manufacture grew by 7.8%, to 1.897 million tons, and pig iron – by 18.7%, to 2.687 million tons. In July the works produced 237 thousand tons of rolled metal, 284…Details