NLMK has finished assembling new machinery under the project to expand the shipping sites in the hot-rolling shop. The increase of the area to process rolled metal and the development of the infrastructure will create a reserve of hot-rolled coils for the periods of seasonal fluctuations of demand. NLMK supplies hot-rolled metal in coils and…Details
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Cherepovets Iron and Steel Works has started construction works within the project to modernize hydraulic roll screwdowns of edging stands and horizontal stands of the mill-2000 in the sheet-rolling shop No. 2. Investments in the project total 1 billion rubles. At present the general contractor is constructing foundation pits for the pump stations and prepares…Details
From next week Severstal and NLMK will increase the purchasing price of rolled sheet following the growth of the export alternatives. In particular, the price of NLMK cold-rolled sheet with the thickness of 1 mm of 08ps steel will be 52 thousand rubles per ton CPT Moscow, up from 50.5 thousand rubles this week. Severstal…Details
The state enterprise Yuzhnodonbasskaya Mine No. 3 named after Surgay has put into operation a new long face. “The reserves total 518 thousand tons, enough for half a year work. Daily output is expected at 1.2 thousand tons”, the Donetsk regional military-civilian administration chairman Alexander Kuts posted on his Facebook page. In January-June the enterprise…Details
Severstal has supplied some 700 tons of liquefied natural gas tank structure components made of cold-resistant low-carbon steel with 9% nickel contents for the construction of the manufacturing complex in Leningrad region. In 2017 Severstal was the first in Russia to start producing this steel at Cherepovets Iron and Steel Works at mills-2800 and 5000.…Details
The rail and beam shop of the Chelyabinsk Iron and Steel Works has set a new record on daily rail production. The mill produced 3.3 thousand tons of rails during the day with the average daily output of 2.9 thousand tons. This is not the first record of the shop. In November 2017 daily rail…Details
According to the Ministry of the Nation Economy Statistics Committee, in July Kazakhstan produced 0.3767 million tons of steel, down by 14.1% YoY. In January-July steel output grew by 0.2% YoY, to 2.687 million tons. Flat rolled metal manufacture increased by 7.2% YoY, to 1.738 million tons, with 0.277 million tons produced in July, up…Details
At Magnitogorsk Iron and Steel Works (MMK), the total economic impact of the introduction of innovative proposals amounted to 269 million rubles in the first half of 2018. In the first six months of the year 2,533 ideas were examined by expert committees. 1,857 ideas, or 73.3% of the submitted ideas (63.8% in H1 2017),…Details
The first stage of the modernization of the sandwich-panel production line was completed at the MMK Trading House production site in Shelkovo (the Moscow region). In early August together with representatives of the Italian company “Magma”, specialists of the company commissioned a new glue system. This equipment improves the quality of the gluing process, allowing…Details
The prices of precious metals decreased on August 14, according to the data published by the Central Bank. The price of gold decreased by 22.763 manats, to 2,031.9165 manats per ounce on August 14, compared to the price on August 13. The price of silver dropped by 0.3547 manats, to 25.5873 manats per ounce. The…Details
Russian metals giant Norilsk Nickel expects reserves of the Global Palladium Fund to stand at about 200,000 ounces at the end of 2018, CFO Sergei Malyshev said. “We have sold the bulk of the palladium fund reserves that we had at the beginning of this year. We had the reserves of 550,000 troy ounces at…Details
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2018. In the first six months of 2018 KGC produced 184,023 ounces or 5723.76 kg of gold and contributed more than 3.65 billion soms in taxes and mandatory payments, the Media Relations Department of the…Details
Volgograd Iron and Steel Works Krasniy Octyabr has paid 424 million rubles of tax debts. All the debts have been cleared in full. The non-payment of taxes to the budget has been revealed during a tax service check. The major part of the debt fell on the profit tax. (Ukrainian metal)Details