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Zlatoust Electrometallurgical Works intends to commission a new press-forge machine. This will be the second step in the modernization program, in the past two years. Previously ZEMZ has commissioned a site of the thermal roasting, having assembled 5 Bosio kilns there. The press-forge machine has arrived from Danieli, Italy. The machine is expected to be…
DetailsNew Ore Company LLC, owning 15 licenses for the development of sites in the Far East, intends in 2021 to commission the Petukh ore occurrence in Magadan region, and in 2020 to start developing the Morozkinskoye deposit in the Republic of Sakha (Yakutia). Petukh reserves are estimated at 52 tons of gold with the possible…
DetailsMednogorsk Copper-Sulfur Works has received a new railroad crane manufactured by the Kirov Machine-Building Works named after May 1. The cost of the machine is some 22 million rubles. The lifting capacity of the crane is 25 tons. Now the company has 4 units of lifting machinery. (Ukrainian metal)
DetailsIn January-June Interpipe Nizhnedneprovsk Pipe-Rolling Plant increased net profit 2.1-fold YoY, to 1.918 billion UAH. Net income grew by 8.3%, to 7.639 billion UAH. Undistributed profit as of the end of the first half-year totaled 2.179 billion UAH. (Ukrainian metal)
DetailsIn 2018 Rusal Armenal assets grew by 4% YoY, to 48.4 billion drams ($100.1 million), as opposed to the growth of 2.6% in 2017. The growth was mostly driven by the increase of the current assets – by 12.3%, to 20.1 billion drams ($41.6 million). Accounts receivable dropped by 90.6%, to 402.4 million drams ($0.832…
DetailsIn January-June the sea trade port St. Petersburg transshipped 3.5 million tons of cargo, down by 7% YoY. Ferrous metals throughput dropped by 26%, to 1.5 million tons. The decrease is due to the drop of exports. At the same time non-ferrous metals throughput increased by 20%, to 0.705 million tons. Throughput of scrap remained…
DetailsIn April-June Elga Coal Complex improved its records. In particular, 1.2 million tons of coal were mined, up by 40% QoQ. The company has also improved mine stripping to 1.9 million cubic meters, up by 32%. (Ukrainian metal)
DetailsIn January-June Severstal Distribution increased metal sales by 13% YoY, to 1.3 million tons. 22% more rolled metal of Severstal Russian Steel has been sold via the distribution network. Sales to Russian customers increased by 25%, to 550 thousand tons. SIA Severstal Distribution sales to Northern, Central and Eastern Europe increased by 9%, to 650…
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