At the meeting on March 29 shareholders of Donetskkoks decided to liquidate the company. In 2017 Donetskkoks decreased losses 11-fold YoY, to 2.5 million UAH. Metinvest reported on the threat of losing control over operation of its enterprises in the Russia-seized lands of Donbass, including over Donetskkoks, on March 15, 2017. (Ukrainian metal)Details
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Kosaya Gora Iron and Steel Works has concluded a 3-year contract for the delivery of high-carbon ferromanganese to NLMK. The companies have been cooperating for a long while. Being the strategic supplier, KMZ provides NLMK with 80-90% of its ferromanganese needs. The volume of delivery, stipulated by the contract, exceeds 50% of the company output.…Details
Mine constructors of Gaysky GOK have started another stage of the shaft reconstruction at the Ekspluatatsionnaya mine – reinforcing. In a way, this is a construction of a vertical railroad for the skips and cages. The reinforcing is carried out at the depth of 910-1420 meters. At present the mining is carried out at the…Details
Severstal – Bar Works Balakovo has successfully certified the A500SN rebar sections with the diameter of 8-40 mm. The need to obtain the new certificate has to do with the coming into effect of the new GOST 34028-2016 “Rebars for ferroconcrete structures” on January 1, 2019. At present the works supplies its products mostly to…Details
Severstal has carried out the scheduled capital repairs of the mill-5000 in Kolpino. It took some 140 specialists just 7 days to complete the overhaul. “We carry out capital repairs of machinery every year. They are an integral part of the efficient operation. The spring repair of the mill-5000 was the first in the series…Details
In January Metinvest EBITDA decreased by 9.2% MoM, to $228 million, while revenue grew by 10.3%, to $1009 million. As of January 31, the group consolidated debt amounted to $3.095 billion. The company produced 553 thousand tons of semi-finished products valued at $240 million: 289 thousand tons of pig iron at $106 million, 104 thousand…Details
Velta declares that the State Service of Geology and Subsoil is holding back the issue of license to develop the Lekarevskoye titanium deposits in Kirovograd region. “We have finished designing the mining and processing works, and settled the financing issues. But we still can’t get the license from the State Service”, the company CEO Andrey…Details
The cost of gold, silver, palladium and platinum decreased in Azerbaijan on March 29, according to the data published by the Central Bank. The cost of gold decreased by 26.265 manats, to 2257.617 manats per troy ounce compared to the price on March 28. The cost of silver decreased by 0.3674 manats, to 27.7438 manats…Details
The cost of silver increased, while the cost of gold, platinum and palladium decreased in Azerbaijan on March 30, according to the data published by the Central Bank. The cost of gold decreased by 4.3095 manats, to 2253.3075 manats per troy ounce in Azerbaijan compared to the price on March 29. The cost of silver…Details
During his working trip to the South Kazakhstan region the Prime Minister Bakytzhan Sagintayev has visited the first company in the region to produce steel blooms – Shymkent Temir. The company will operate 40-ton induction furnaces and triple-strand continuous casting machine. The plant will be commissioned in April. All the products manufactured will be exported…Details
This year OrionGroup+ LLC, which extracts alluvial gold in the Republic of Sakha (Yakutia), intends to get 90 kg of the precious metal. Last year the yield totaled 66 kg. The gold season will start in June. At present the company is carrying out preparation works at the site. According to the estimates, the resources…Details
The gold-extracting company Kamensky Quarry LLC in 2017 obtained 295 kg of gold, up by 18% from the manufacturing plan. The initial quota for this year is 200 kg. The company has licenses for 4 deposits. The alluvial gold reserves of the Unda site, the license to which was purchased in 2015, amount to 2190…Details
Severstal Distribution has signed an agreement to supply galvanized metal to one of Alutech enterprises for the manufacture of section gates. Galvanized metal manufactured by Cherepovets Iron and Steel Works (Russia) will be used to produce sandwich-panels and sections. “We have been cooperating with Alutech Gate Systems for over 2 years. Specifically for this strategic…Details