Metinvest has modernized the railroad station “Uzlovaya-1” at the Avdiivka Coke and Chemical Works. Investments totaled 24 million UAH. Now the railroad switches and traffic lights along the entire route are managed in automatic mode. With the help of the computer with a large display a person on duty at the station monitors all the…Details
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Zaporizhstal has presented its environment-protection measures at the 2nd International Environment Forum. The environment protection department director Inna Kholina described measures taken by the works to decrease water consumption and water discharge. “The large-scale program on decreasing environment pressure on the region allowed us in 2017 to reduce water intake by 10% and decrease used…Details
In March Metinvest increased EBITDA by 14.8% MoM, or by $29 million, to $225 million, with its revenue up by 19.91%, or by $182 million, to $1.096 million. As of March 31, the group total debt reached $3.086. In March Metinvest sold 619 thousand tons of semi-finished products valued at $275 million, in particular, 374…Details
Polyus has attracted an ING Bank loan of $70 million at the fixed rate. The loan has to be paid in full in one installment in 2023. The company intends to spend this money to cover its current activities Polyus is one of the top-10 gold-extracting companies in the world. It has the second largest…Details
In April Russia produced 6.03 million tons of steel, up by 2.4% YoY (6.23 million tons in March). In January-April steel output totaled 23.797 million tons, up by 0.9% YoY. Ukraine increased steel output by 6% YoY, to 1.721 million tons (1.711 million tons), with 6.985 million tons produced in the first 4 months of…Details
The first stage to replace rigging of the electrolysis baths has started in the nickel electrolysis shop of Kola Iron and Steel Company. The work is carried out within the investment project to stop using nickel anodes. Instead, the company will use nickel powder, obtained from tubular furnaces, as raw materials. The trial batch of…Details
Uralelectromed has commissioned a new converter in the metal shop of its subsidiary – Proizvodstvo Polymetallov (Polymetal manufacture). The machine produces blister copper. It has replaced an outdated machine. The cost of the project is 40 million rubles. The company expects the new converter to operate for 30-40 years. The UEM subsidiary operates 4 converters…Details
According to Promnastil CEO Dmitry Gaponov, at present galvanized steel grating is in demand. Hence the company is increasing output. In 2 years grating manufacture increased 3-fold. 20% of the product is sold in the South Federal District. At the same time Gaponov noted, that the market was inactive. The construction of industrial buildings has…Details
The prices of the main precious metals increased on May 31, according to the data published by the Central Bank. The cost of gold increased by 7.7095 manats, to 2215.61 manats per ounce compared to the price on May 30. The cost of silver increased by 0.2793 manats, to 28.0939 manats per ounce. The cost…Details
By mid-June, according to the schedule, the tests of the roughing stand of the new Danieli-Freling hot-rolling mill will be completed. In late June the stand will be put into operation and will start producing plates with the thickness of 20-210 mm. The finishing stand will be commissioned in the third part of June. The…Details
Rechitsa Metal Wares Works dip-galvanizing shop was put into operation in 2011. It is capable of galvanizing metal structures with the length of 12.5 m, width of 1.5 m and height of 2.5 m, as well as pipes with the length of 4-8.2 m. Its capacity is 130 tons per month. The company is also…Details
NLMK has started modernizing its heavy quarry machinery park, having received 4 BelAZ-75453 trucks. The new model replaces the outdated BelAZ-7547. It features lower operational expenses and improved technical characteristics. The main novelty is a powerful engine. In June the new machines will start operating. At present the company uses 31 BelAZ quarry dump trucks.…Details
Russia will stop exporting ferrous metals scrap from its three major ports on the Far East from July 21 for 6 month. According to Torex, the owner of Amurmetal, this will affect the trade of Russian companies with South Korean works in the ports of Vladivostok, Nakhodka and Slavyanka amounting to 1 million tons per…Details