Central Mining and Processing Works continues to modernize its quarry machinery fleet. According to the company CEO Dmitry Shevchik, 2 more BelAZ dump trucks with the lifting capacity of 130 tons were purchased for the mining and transportation shop No. 1. “Our investment program for this year foresees the purchase of 13 such trucks”, he…Details
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Zaporizhstal has carried out the capital repairs of its blast furnace No. 5. According to the company statement, the financing of the overhaul was over 200 million UAH. The repairs lasted for 36 days. The total weight of the metal structures assembled during the repairs exceeded 1 thousand tons, and of the refractory materials –…Details
Severstal has received a certificate for the correspondence of cold-resistant cryogenic steel to the norms and standards of the European quality. This steel is used to construct the inner shell of the LNG tanks. TUV Rheinland Group has highly praised the whole manufacturing chain of the product. Cryogenic steel sheet is produced at the mill-2800…Details
In April railroads transported 6.7 million tons of ferrous metals, up by 9.8% YoY. Since the beginning of the year the railroad has transported 26.5 million tons of ferrous metals, up by 10.9% YoY. Domestic transportation in April grew by 25%, while exports remained on the previous year level. Russia increases consumption of steel sheet…Details
U.S. sanctions, imposed on Rusal in early April, threaten the payment of dividends by Norilsk Nickel of some $434 million. According to a recent position of OFAC, payment of dividends to an entity from the sanctions list will result in the secondary sanctions to the payer. Nornickel Board of Directors recommended the annual meeting of…Details
NLMK Group, a global steel company, opens access to an e-commerce website for SMEs. A hi-tech online marketplace is now available at https://nlmk.shop/. NLMK Group has been operating an e-commerce platform since 2012, based on the “Client-Info” RMS system. Access to the platform is open to large clients that have long-term established relations with NLMK.…Details
On May 31 Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon signed an order regarding the increase in salaries at the company from May 1. This way, the order issued on May 8 was amended and base salaries of the employees were revised upwards once again. This decision was made after the negotiations…Details
The prices of main precious metals decreased in Azerbaijan on June 1, according to the data published by the Central Bank. The cost of gold decreased by 7.9135 manats, to 2207.6965 manats per ounce in Azerbaijan compared to the price on May 31. The cost of silver decreased by 0.1683 manats, to 27.9256 manats per…Details
The aluminum empire of the Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, Reuters reported on May 31 citing En+ chairman Greg Barker. The U.S. Treasury in April imposed sanctions against billionaire Deripaska and…Details
In January-April Zapadnaya Mining and Ore Company mined 112 kg of ore gold at the Badran deposits in the Republic of Sakha (Yakutia). Silver output totaled 8.4 kg. Actually, this volume was obtained in 2 months, as in March the company did not mine. In late February the company license was revoked. By April Zapadnaya…Details
In April Russia produced 4.32 million tons of pig iron, down by 2.1% YoY (4.462 million tons in March). In January-April pig iron production totaled 17.28 million tons, down by 0.3% YoY. Ukraine increased pig iron output in April by 11.9% YoY, to 1.649 million tons (1.678 million tons), and by 9.8% YoY in 4…Details
Uralelectromed has mastered the manufacture of wire rod with the diameter of 10 mm. So far the company has been producing only 8-mm wire rod. The suggestion to produce this wire rod came from the Cable Alliance Holding, and the contract for the pilot batch of wire rod was concluded. As a result UEM shipped…Details
Volzhsky Steel Structures Works is participating in the project on the environment modernization of the manufacturing process at the Krasniy Octyabr Iron and Steel Works. According to the VZK sales director Julia Ilchenko, the company will produce gas pipeline structures. The company is also actively cooperating with the enterprises of the fuel and energy complex,…Details