In February in order to secure economic safety and stable position on the market Zagorsky Pipe Works purchased strip carriers. The number of wagons and the sum of investments are not disclosed. The wagons can provide for the transportation of over 50 thousand tons of rolled sheet per month. This corresponds to the maximum need…Details
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Last year the volume of the Ukrainian metal market increased by 5-6%. This year Metinvest expects the increase of consumption by 8%. “We hope that the infrastructure construction and the metal processing industry will help in that”, Metinvest sales director Dmitry Nikolayenko said. The company has a developed sales network, selling historically high volumes of…Details
Metinvest decided to shut down Donetskkoks on the temporarily uncontrolled territory of Ukraine because of the inability to secure its profitable operation. The decision to liquidate the company was taken on March 29. All the shareholders voted in favor. After all the creditors’ claims have been satisfied, the company might have some assets valued at…Details
On March 31 the operation of ArcelorMittal Temirtau was completely stopped because of the industrial accident. According to local media, the air duct and the nitrogen pipeline were damaged and fell to the ground at the length of 1 km. There were no casualties. All the rolling shops, sintering machines Nos. 6 and 7, blast…Details
Donetsk Railroad, the regional subsidiary of Ukrzaliznytsia, has ordered Druzhkovka Metal Wares Works the delivery of metal wares valued at 8.83 million UAH. Following 4 auctions the company has ordered 149 tons of bolts at 7.24 million UAH and 24 tons of washers at 1.59 million UAH. The goods have to be delivered within 5…Details
Metinvest has supplied 8.7 thousand tons of plate steel for the construction of the Willem van Rubroeck dredger, the most powerful dredger in the world. According to the group statement, the combined power of the vessel engines is almost 41 thousand kW. The ship is being constructed at the Uljanik shipyard in Croatia for Jan…Details
Last year the project to develop the Kudryaviy Volcano was created. A special machine was made to obtain rhenium and other rare earth metals concentrate. It was assembled at the Crater base on the island of Iturup. The cost of the works carried out last year exceeded 30 million rubles. This year the test of…Details
The investment company Arlan intends to start producing gold at the Rodionovskoye deposits in 2020. According to the company statement, in the first year of operation it is planned to mine 1 ton of gold. In 2021 output is expected to increase to 3 tons of gold, and in 2022 – to 5 tons per…Details
In 2019 Chelyabinsk Zinc Works intends to increase zinc output to 200 thousand tons per year. This year the output will total 188 thousand tons. In 2017 the company produced 183 thousand tons of zinc and zinc-based alloys, up by 4.7% YoY. At the same time Chelyabinsk Zinc Works intends to modernize its manufacture. In…Details
Russia’s Chukotka Autonomous District has submitted a request to the Far Eastern Development Ministry to establish a territory of accelerated development Baimskaya to raise about 336 billion rubles in three gold projects, according to a statement released on April 2. The projects Kekura, Klyon and Peschanka can attract almost 120 billion rubles in three years,…Details
The Sumgayit Technologies Park (STP) delivered the first cargo of galvanized steel products to Germany for construction of a new plant of the German auto giant BMW in Cologne, the STP reported. “A contract for supply of the first cargo of metal products to Germany was signed with the contractor company, DMT Foundry GmbH, and…Details
As a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…Details
In 2017 the Moscow region-based Electrostal decreased net profit by 8% YoY, to 145.4 million rubles. In the past five years the company has always been demonstrating profit – 158 million rubles, 129 million rubles, 16 million rubles and 370 million rubles in 2016, 2015, 2014 and 2013 respectively. In Q4 2017 the net profit…Details