Russia: Ferrum-P gets gold site in Zabaikalye region

Ferrum-P LLC has increased the initial price for the Baitsetuy Nizhniy alluvial gold deposit in Zabaikalye region 29.7-fold.

The auction took place on May 14.

The company final offer was 74.818 million rubles.

7 companies participated in the auction. (Ukrainian metal)

Ukraine: Metinvest revenue down in Q1 2019

In January-March, Metinvest decreased revenue by 5% YoY, to $2.863 billion.

EBITDA dropped by 33%, to $435 million.

Capital investments fell by 8%, to $198 million.

At the same time, the Group total debt decreased by 2%, to $2.682 billion, with net debt unchanged at $2.464 billion. (Ukrainian metal)

Ukraine: AMKR reconstructing Wire Rod Mil-1

At public hearings, ArcelorMittal Kriviy Rih has presented an Environmental Impact Assessment Report for the project of the Wire Rod Mill-1 Reconstruction, which includes replacement of two laying heads and two pinch-rolls. Design solutions were accepted in line with the basic engineering from the technology and main equipment supplier – Danieli company. This mill produces…

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Ukraine: requirements to specialists in rolling growing

The 11th Contest of Rolling Mill Specialists in memory of Ion Rotaru, the honored steelmaker of Ukraine, was held at ArcelorMittal Kriviy Rih. This year the teams of steelmaking companies of Kriviy Rih, Kamianske, Zaporizhzhia and Temirtau (Kazakhstan) participated in the contest. Sergey Kozachuk, Director of Rolling Department, ArcelorMittal Kriviy Rih: “Many companies are expanding…

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EAEU: antidumping duties on Ukrainian steel rolls prolonged

The Eurasian Economic Committee has prolonged the antidumping duties on steel forged rolls from Ukraine.

The duty has been prolonged till February 25, 2020.

At present the size of the duty is 26%. (Ukrainian metal)

Russia: Nordgold net profit up in Q1 2019

In January-March, Nordgold gold output totaled 211.7 thousand ounces, down by 9% QoQ.

Corrected EBITDA dropped by 2%, to $122.5 million.

Net profit grew to $64.3 million as opposed to net loss in Q4 2018. (Ukrainian metal)

Ukraine: Zaporizhstal, Azovstal and Mariupol Ilyich environment projects among top-20

The modernization projects of Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works have made it to the top-20 best environment programs. The rating comprised local and foreign companies operating in Ukraine. Both completed and programs in progress were taken into account. The rating is topped by Azovstal, with its blast furnace No. 3 reconstruction…

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Russia: MMK improves supply chain

PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of the German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years. The joint work of the companies will be organized through the Siemens online store – Industry Mall. Through the…

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Ukraine: AMKR upgrades Mining Equipment Control System

ArcelorMittal Kriviy Rih has finished the pre-commissioning of the upgraded automated dispatch control system for mining and conveyor equipment. The project price amounted to over UAH 16 million. The company started using the system in 2003, and in 2009 it switched it to Tetra digital data transmission system. Nevertheless, since then, ArcelorMittal Kriviy Rih has…

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Ukraine: Yuzhkoks sacks CEO

The supervisory board of Yuzhkoks has stopped the office of the CEO Andrei Shabanov. Kirill Avramenko, the company CFO, has been elected acting CEO. The decisions were taken on May 22. The reason for such a decision is not explained. Shabanov was appointed Evraz Yuzhkoks CEO on December 18, 2017. On April 1, the supervisory…

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Russia: Krasniy Octyabr confirms ISO correspondence

TUV SUD specialists have inspected Krasniy Octyabr Iron and Steel Works.

In particular, the inspectors checked the company quality and environment management systems.

The ISO 9001 and ISO 14001 certificates have been issued for 3 years, but in 2020 and 2021 the specialists will visit the plant again for an interim inspection. (Ukrainian metal)