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Izhorsky Pipe Works has started shipping large-diameter pipes for the construction of the Kovykta-Chayanda site of Gazprom’s Sila Sibiri gas pipeline. According to the tender, won by the company in late 2018, it has to supply some 100 thousand tons of pipes with the diameter of 1420 mm made of K60 steel. ITZ has also…
DetailsBanks have provided the first tranche under the design financing to develop the Udokan copper deposit in the amount of 340 million rubles. Subsequent funds will be provided according to the construction schedule. The total cost of the project is some $3 billion, of which $1.79 billion is a loan for 12 years. The loan…
DetailsIn January-July Mariupol Ilyich Iron and Steel Works increased rolled metal output by 16.8% YoY, to 1.952 million tons. Steel manufacture grew by 13.4%, to 2.152 million tons, but that of pig iron went down by 3.4%, to 2.595 million tons. In July Mariupol Ilyich produced 251 thousand tons of rolled metal, 282 thousand tons…
DetailsIn April-June ArcelorMittal Kriviy Rih received $447 million of net loss as opposed to $1.865 billion of net profit in Q2 2018. EBITDA fell to $1.555 billion from $3.073 billion. Revenue decreased from $19.998 billion to $19.279 billion. Sales grew by 4.8%, to 22.8 million tons, and in H1 – by 3.5%, to 44.6 million…
DetailsSince the start of the year the Zapolyarnaya mine of Vorkutaugol has extracted 1 million tons of coking coal. Zapolyarnaya has become the third mine this year, following Vorshagorskaya and Komsomolskaya, to have exceeded the 1-million mark. At present 2 breakage faces are operated at the mine. In September the third one will be commissioned,…
DetailsUnited States International Trade Commission has decided not to cancel antidumping duties on the carbon flat hot-rolled steel originating from Ukraine, as well as China, India, Indonesia, Taiwan and Thailand. The decision has been taken under the third 5-year sunset review. US for the first time imposed a 90.33% antidumping duty on Ukrainian hot-rolled metal…
DetailsThe mines of the state enterprise Toretskugol have been left without electricity, coal mining has stopped. The enterprise employs 2708 people. The cost of electricity accounts 40% of all the industrial expenses at Toretskugol. (Ukrainian metal)
DetailsSeverstal has confirmed the certificate of correspondence of its B500B rebars with the diameter of 10 to 40 mm to DIN 488:2009 requirements. Since last year the technological personnel at Cherepovets Iron and Steel Works has been analyzing the quality of the rebars at a special optical stand. This has been noted by a Prufstelle…
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