The Individual Deposit Guarantee Fund has signed an agreement to sell Donetskstal assets. According to the fund statement, the assets include the building of a cinema, a culture house and the manufacturing machinery, pledged to the now bankrupt Delta-bank. The lot was sold for 331 million UAH. (Ukrainian metal)Details
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In 2017 Zaporozhkoks increased net profit 2.9-fold YoY, to 1.058 billion UAH. According to the company statement, the undistributed profit as of last year totaled 2.3556 billion UAH. Current liabilities grew 2.7-fold, to 5.338 billion UAH, while fixed – by 20%, to 219.912 million UAH. The combined debt of the company increased 2.5-fold, to 6.039…Details
In 2017 MMK-Metiz increased metal output by 7% YoY, to 437.9 thousand tons. According to the company statement, sales revenue grew by 23.9%, to 20.4 billion rubles. Ordinary wire accounted for 36% of the revenue, ordinary fasteners – 12% and powder wire and ropes – 10% each. (Ukrainian metal)Details
A criminal case was instituted on the illegal issue of a permit for construction of a factory in the territory of the goldmine plant Makmalzoloto, the press center of the State Committee for National Security reported. The Corruption Control Service of the State Committee for National Security detected a violation of the legislation of the…Details
The state enterprise Selidovugol has concluded an agreement with Trading House Euroimpex LLC for the delivery of 15 km of fire-extinguisher and spray conduit valued at 18.9 million UAH. The outer diameter of the pipeline is 150 mm, and its cost is 1250 UAH per m (with VAT). Last year Mirnogradugol purchased such conduits at…Details
Corum Group has concluded an agreement with Donetskstal to construct excavations at the Pokrovskoye Mine Group. According to the company statement, the commissioning is scheduled for 2018-2019. The company will construct two excavations – ventilation and conveyer drifts with the combined length of 2700 meters. (Ukrainian metal)Details
In January-February Russia imported 37.1 thousand tons of corrosion-resistant flat steel valued at $83 million, down by 14.7% and by 5.6% YoY respectively. The 600 mm wide sheet accounts for 90% of the imports. The main supplier is China (45%), followed by Taiwan (14.6%) as well as Spain and South Korea (around 7% each). (Ukrainian…Details
Severstal has finished the capital repairs of Henschel-3 press shears used to process bulk and heavy scrap. “Each year the machine processes hundred thousand tons of scrap for the Cherepovets Iron and Steel Works steel manufacture. The modernization of such important equipment was carried out in less than 25 days. 15.8 million rubles were spent”,…Details
Chelyabinsk Iron and Steel Works is celebrating its 75-anniversary since the manufacture of the first steel. The first steel was produced in 1943 during the World War II. Since then the company has mastered the manufacture of some 2 thousand steel and alloy grades, as well as over 4 thousand types and sizes of rolled…Details
A new turbine unit with a maximum capacity of 50 MW will be installed at MMK’s Central Power Plant (CPP), which will significantly increase the plant’s efficiency and increase the level of reliability and manufacturability of the plant’s entire power system. Steam turbine T-42/50 will be supplied in April-May by the Ural Turbine Works. The…Details
The prices of the main precious metals decreased in Azerbaijan on April 20, according to the data published by the country’s Central Bank. The cost of gold decreased by 15.9375 manats, to 2282.0545 manats per troy ounce compared to the price on April 19. The cost of silver decreased by 0.0597 manats, to 29.2292 manats…Details
Novelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…Details
Russia is demanding compensation from the United States for its decision to impose worldwide tariffs on steel and aluminum, a Russian statement published by the World Trade Organization shows. The United States maintain that the tariffs are based on national security concerns and fall outside the remit of the WTO rules, but Russia, China, India…Details