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UGMK-Stal has received another asset – the mining enterprise Boguslavskoye Mine Group. The enterprise mines iron ores and processes iron ore concentrates, as well as produces construction crushed stone. The enterprise possesses the Severopeschanskaya mine, a crushing factory and a number of auxiliary departments. Its annual output is 2.4 million tons of ore and 1.2…
DetailsVyksa Iron and Steel Works has supplied a batch of railroad wheels for high-speed passenger trains of its own design to Tver Car-Building Plant. The wheels can be used with speeds up to 200 km/h. Previously VMZ supplied wheels that could be used in passenger cars at the speeds up to 160 km/h. “In Q1…
DetailsIn April-June Metalloinvest produced 10.1 million tons of iron ore, up by 2.3% YoY. Pellets output grew by 4%, to 7 million tons. HBI manufacture increased by 1.3%, to 1.2 million tons. The share of sales of iron ore products with high added value (pellets, HBI) increased to 72% from 69% in Q1. Pig iron…
DetailsSeverstal has selected the supplier for the modernization of the zinc coating density-measuring system at the Cherepovets Iron and Steel Works continuous hot dip-galvanizing machines. TT Analytica (Russia) will design engineering, supply the equipment, assemble and commission it. The equipment will be used to create a uniform layer of zinc of the necessary thickness on…
DetailsCorum Group has concluded agreements on the delivery of heading machines to Polish mining companies Polska Grupa Górnicza (PGG) and Jastrzębska Spółka Węglową (JSW). According to the company statement, the machines will be leased for 5 years. The combined cost of the contracts is 5.3 million euro. The first machine, intended for JSW, will start…
DetailsIn July Zaporizhstal increased steel output by 6% YoY, to 354.2 thousand tons. According to the company press service, pig iron manufacture grew by 29.4%, to 396.5 thousand tons, and rolled metal – by 2.2%, to 301.2 thousand tons. In January-June the company produced 2.393 million tons of steel, 2.537 million tons of pig iron…
DetailsIn January-June Pobuzhye Ferronickel Plant increased ore processing by 6.1% YoY, to 679 thousand tons, or 35.284 thousand tons of ferronickel, down by 2.3%, or 7.5 thousand tons of nickel, down by 2.8%. In H1 the company expects to receive profit of some 2.3 million UAH. The average salary totaled 8038 UAH, up by 29.6%…
DetailsThe supervisory board of Dneprospetsstal has once again prolonged the authorities of the acting chairman of the board Vitaly Kornievsky for 3 months. On April 23, 2009 the supervisory board relieved Daniel Valk of his duties, having appointed the ex-CEO of Dneprovsky Iron and Steel Works named after Petrovsky, Vitaly Kornievsky instead. His office has…
DetailsIn January-June Tajik Aluminum Company produced 54.8 thousand tons of primary aluminum, down by 3 thousand tons YoY. The decrease in output has to do with the capital repairs of the machinery to reduce electricity consumption. The repair is expected to be completed this year, after that output will grow again. Some 48 thousand tons…
DetailsOn July 31 an accident happened at Azovstal resulting in the death of one person, while another was rushed to hospital. Two employees of a subcontractor firm fell from on high while carrying out repair work in the coke shop. As the result of the fall one person died, and another was taken to the…
DetailsIn April-June the segment of Africa and CIS (ACIS) of ArcelorMittal increased EBITDA by 9.1% QoQ and 2.28-fold YoY, to $397 million. According to the group statement, H1 EBITDA grew 2.1-fold, to $760 million. Steel output decreased by 16.2% YoY and by 9.2% QoQ, to 3.087 million tons due to the problems at ArcelorMittal Kriviy…
DetailsThe prices for gold and silver bars in Azerbaijan decreased, while the prices for other precious metals increased on August 1, according to the data published by the Central Bank. The price of gold decreased by 2.3035 manats, to 2075.751 manats per ounce, compared to the price on July 31. The price of silver decreased…
DetailsRussian steelmaker Novolipetsk Steel (NLMK) plans to raise production in July-September as compared with April-June, the company said in a presentation. Operating results of Russian facilities of NLMK are traditionally strong in July-September, which should improve financial results of the company, NLMK said. The company’s steel production rose by 1% QoQ, to 4.381 million tons…
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