In March Russia exported 415.8 thousand tons of ferrous scrap, up by 9.5% MoM and by 19% YoY. In February the results were +10.7% and +88.6%, while in January -45.6% and +38.7% respectively. In January-March exports reached 1.14 million tons, up by 43% YoY, and the highest result in 10 years. Turkey imported 45% of…Details
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This year Kuzbassrazrezugol will spend over 16 billion rubles on the development of its manufacturing capacities, as well as social programs in the Kemerovo region. Last year the company invested 15.6 billion rubles, including 14.6 billion rubles in development, and 311.5 million rubles in state and regional social programs. This year industrial investments will grow…Details
In January-April Zabaykalye region obtained 1158 kg of gold, up by 14.8% YoY. In April alluvial gold season started. As of May 1 some 15.3 kg of alluvial gold was collected. The ore gold output totaled 1142.6 kg. Some 50 companies are involved in gold-extracting in the region. Last year the region yielded 13 tons…Details
Beloretsk Iron and Steel Works has been named the Perfect Supplier by a major Russian manufacturer of electric equipment for automobiles. BMK has been cooperating with Autoelectroarmatura (AVAR) for over 10 years. The works supplies spring wire of various sizes to the company. The highest category of supplier has been given to the works following…Details
In a year energy efficient frequency converters have allowed the Central Mining and Processing Works to save 52% of electric energy during the pumps operation. The machinery was assembled within the energy-servicing project with DTEK ESKO. In March 2017 DTEK ESKO financed and assembled 12 ABB frequency converters to automatically regulate the operation of electric…Details
“To solve the problems of Mailuu-Suu uranium legacy, we need to take long-term preventive measures and carry the tailings and dumps over,” the European Parliament Deputy Michele Rivasi declared. According to her, if nothing is done now, then, when the natural cataclysm will occur in the next few years, all harmful substances will be washed…Details
The department of the Eastern office of the State Audit Service in Donetsk region says it is impossible to carry out inspections of the state enterprise Selidovugol because of the miners’ strike, who demand their salary debts to be cleared. In late 2016 Selidovugol purchased foodstuffs from VF Corner-Pak LLC. Because the activists suspected that…Details
Chelyabinsk Iron and Steel Works has produced the first batch of rolled metal weighing 320 tons for the construction of a housing complex in the city of its presence. In the downtown Chelyabinsk construction of the new “Freedom Tower” block of flats has started. ChMK supplies rebars for the construction, as well as pipes, sheets…Details
The prime cost of 1 ton of coal mined at the state enterprises is 1.5 times higher than the price of this coal when sold to the power plants. According to the Ministry of Energy and Coal Industry, in February the prime cost was 3124.9 UAH per ton, while the average selling price was 2033.5…Details
The Cabinet of Ministers has postponed the decision to provide state coalmines with state guarantees on their loans of 1 billion UAH. According to the Prime Minister Vladimir Groysman, this issue will be addressed later. State guarantees should have been given to the Mine named after Surgay, Pervomayskugol, Lvivugol, Toretskugol and Selidovugol. (Ukrainian metal)Details
Magnitogorsk Iron and Steel Works (MMK) was recognized in the Ferrous Metallurgy category of the XVI national annual IT Leader awards. The expert jury gave high praise to MMK’s large-scale project aimed at updating the software infrastructure of MMK Group, comprising more than 60 companies. The IT Leader awards have been held since 2002 and…Details
On May 16 labor collective of Railway Shop of PJSC ArcelorMittal Kriviy Rih (shifts 3 and 4) joined the protest of Ukrzaliznytsya’s railwaymen. Main demands of the employees were announced – to increase the salary up to European level of 1000 EUR and to ensure that all rolling stock met health and safety standards. Locomotive…Details