In April-June TMK sold 1.075 million tons of pipes, up by 10% QoQ. In H1 the combined pipe sales grew by 14% YoY, to 2.056 million tons, mostly because of the sales growth in America. TMK retains its forecast for this year unchanged and expects OCTG pipes demand in Russia to remain on the high…Details
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In April Metinvest increased EBITDA by 2.7% MoM, or by $6 million, to $231 million, having decreased the revenue by 2.7%, or by $30 million, to $1.066 billion. According to the group statement, as of April 30 its combined debt was $3.206 billion. In April Metinvest produced 487 thousand tons of semi-finished products valued at…Details
In June Dneprospetsstal decreased steel output by 8.2% MoM, or by 1.8 thousand tons, to 20 thousand tons. According to the company statement, it also produced 13877 tons of rolled metal, down by 3.2%. The total cost of the products manufactured in June was 773.785 million UAH, down by 10.4% MoM. In H1 the company…Details
Energomashspetsstal has supplied a batch of rolls to ABB. “In June EMSS shipped 183 tons of rolls to Finnish and Polish metal makers. The parts will be used in engine manufacture”, the company said. The rolls were delivered by automobiles and via railroad. (Ukrainian metal)Details
In June direct deliveries of rolled metal and pipes to metal structure manufacturers via railroad totaled 59.5 thousand tons. In annual comparison they dropped by 14%. In January-June deliveries decreased by 9.8% YoY, to 329.4 thousand tons. (Ukrainian metal)Details
In June direct deliveries of ferrous metals to the major car manufacturers via railroad totaled 89.3 thousand tons. In annual comparison the deliveries grew by 9.3%. In January-June deliveries reached 533.8 thousand tons, up by 7% YoY. (Ukrainian metal)Details
In June direct deliveries of steel, pipes and semi-finished products to the major shipbuilding companies via railroad reached 6.1 thousand tons. In annual comparison the deliveries decreased by 22.4%. In January-June supplies totaled 57.5 thousand tons, down by 13.7% YoY. (Ukrainian metal)Details
Svyatogor, a part of UGMK, has put into operation after a major overhaul the reverberatory furnace No. 1. The furnace was shut down in May 2017. It took 2 months to cool down the furnace. While working its temperature reaches 1500 degrees C. Investments in the project totaled 120 million rubles. (Ukrainian metal)Details
Rosgeologia has finished the planned complex of gold ore prospecting works within the Kakadurskoye ore zone. In particular, the enterprise has discovered three ore bodies of up to 11 meters with the gold contents of 3.8 g per ton, silver – 14.4 g per ton, copper – 1%, zinc – 5.27% and lead – 1.59%.…Details
Mechel-Service LLC has supplied 200 tons of rolled metal for the reconstruction of the Tolmachevo airport in the city of Novosibirsk. The beams have been produced at the Chelyabinsk Iron and Steel Works at the rail and beam mill, commissioned in 2013. Tolmachevo is the largest airport in Siberia and on the Far East. (Ukrainian…Details
Severstal has shipped hot-rolled sheet to Uralmash NGO Holding LLC. The rolled metal will be used to produce drilling rigs to be operated in the extreme conditions of the Far North. The sheets were produced at Cherepovest Iron and Steel Works. By 2020 the company will have modernized the flat rolled metal manufacture, valued at…Details
ChTPZ has supplied the first batch of 138 tons of seamless stainless pipes for Kudankulam Nuclear Power Plant construction in India. The pipes were produced at Pervouralsky Pipe Works. The pipes with the diameter of 16 mm and the wall thickness of 1.5 mm will be used in the construction of the steam generator. According…Details
Since 2012 Kumtor Gold Company (KGC) has received claims from various Kyrgyz regulatory authorities seeking compensation of $465 million, the company’s annual Environment and Sustainability Report 2017 says. Centerra and KGC believe that such claims are without merit and have vigorously defended such claims in the Kyrgyz Republic courts and in international arbitration. In September…Details