Rusal and the Institute of light materials and techniques have developed a unique alloy on the basis of Al-Mg-Sc, the best advantage of which is the 3-fold decrease of scandium contents, while its increased parameters, usual for scandium-containing aluminum alloys are preserved. Thus, the decrease in cost makes this alloy widely accessible. The work on…Details
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In 2018 the last year tendencies will persist on the steel pipes market: OCTG pipes demand will be increasing because of the growth of drilling. ChTPZ intends to increase its share in the supplies of pipes for construction of compressor plants. “This year the group plans to retain its output volumes on the previous year…Details
In January-February Ukraine increased revenue from ferrous metals exports by 27% YoY, to $1.709 billion. According to the State Fiscal Service, ferrous metals accounted for 23.17% of the total exports revenue against 21.48% in January-February 2017. In February ferrous metals exports revenue reached $836.157 million. In 2 months ferrous metals imports grew by 59.8%, to…Details
Severstal has received machinery of four quality control systems for its Cherepovets Iron and Steel Works. The investment project with the total amount of over 180 million rubles will improve cold-rolled metal surface quality. Under the contract Isra Surface Vision GmbH (Germany) has supplied modules of video cameras with high resolution, the equipment for lighting…Details
Energomashspetsstal will supply 461.55 tons of supporting rolls for hot-rolled mills to Essar Steel (India). According to the company statement, it will produce 12 supporting rolls. The agreement is valid until August 2019. The rolls will be used in stainless steel rolling. (Ukrainian metal)Details
In 2017 the state enterprise United Mining and Chemical Company concluded two thirds of its contracts on titanium ore deliveries with Bollwerk (Austria). The total cost of these contracts is $53 million, or 1.5 billion UAH. Last year the UMCC management was detained for economic crimes. After that Bollwerk was replaced by TS Taunus Chemical…Details
Іmerys Refractory Minerals Clerac (France) has increased its share in the statutory capital of Vatutino Refractory Works from 89.35153646% to 89.37987559%. The company share in the total number of voting shares grew from 99.80537953% to 99.927133%. Last year VKO net profit dropped by 21% YoY, to 51.862 million UAH. The consolidated accounts receivable grew 2-fold,…Details
On March 12 the electric arc furnace No. 3 of Belarus Iron and Steel Works made the first steel after capital repairs. The furnace was shut down on February 12 for essential repairs. The company was able to cope with the repair 3 days in advance. At present scheduled repairs are being carried out at…Details
The Uskovskaya mine of Raspadskaya Coal Company has put into operation a new long face. Its reserves total 1.7 million tons of coking coal. The monthly output is planned at the level of 250-270 thousand tons. (Ukrainian metal)Details
Concorde Capital analyst Dmitry Khoroshun believes that Ukrainian pig iron manufacturers could profit from the US steel duties. “In 2017 Ukraine exported $406 million worth of pig iron (1.3 million tons) to US, and these deliveries are not affected by the new duties. Money-wise Ukraine exported 2 times more pig iron to US than steel…Details
Shareholders of NLMK Group at its Extraordinary General Meeting held on March 12 voted to elect Grigory Fedorishin as the Group’s President and Chief Executive Officer (Chairman of the Management Board) for the period until June 8. Previously, NLMK Board of Directors resolved to convene the Annual General Shareholders’ Meeting on June 8, and also…Details
The cost of gold decreased by 8.15 manats (0.36%), to 2242.3765 manats per troy ounce in Azerbaijan on March 13, according to the data published by the country’s Central Bank. The cost of silver decreased by 0.6%, to 28.0018 manats per ounce, the cost of platinum by 0.37%, to 1635.434 manats and the cost of…Details
The Russia-China Investment Fund for Regional Development on March 12 signed an agreement to become a co-investor of construction of a 18.5 billion ruble uranium mine of Priargunsky Industrial Mining and Chemical Union, part of state nuclear power corporation Rosatom’s unit Atomredmetzoloto. The company plans to launch the first stage of the mine in 2023.…Details