The most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…Details
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Shareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…Details
In January-February exports grew by 17.9% YoY, or by $1.1 billion, to $7.4 billion. According to the Ministry of economical development and trade, the main importers of Ukrainian goods were the EU countries, Singapore, Belarus, Turkey, Moldova and Iraq. “The goods that saw the biggest increase in sales were steel semi-finished products (up by $98.3…Details
The press secretary of the president Dmitry Peskov has said that so far there are no ready-made scenarios to help Rusal, but a temporarily nationalization of the company could be one of the forms of state support. “There are various views on how to help the companies affected by US sanctions. This is just one…Details
NLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018. Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the company had implemented or…Details
The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of 332 tons of inert dust valued at 1.16 million UAH. The cost of 1 ton of inert dust is 3510 UAH with VAT. At present Donenergoexport LLC is the main supplier of inert dust to the state enterprises of Ukraine. Last year the company…Details
The state enterprise Ukrzaliznytsia has ordered Interpipe Ukraine LLC the delivery of tyres for the rolling stock valued at 80.97 million UAH. This year Interpipe will have to supply 4322 tons of tyres manufactured by Interpipe Nizhnedneprovsk Pipe Rolling Works not early than October 1, 2017. The price of the contract is 1% lower than…Details
Interpipe and Vallourec intend to create a joint venture to produce steel pipes for the European market. The cooperation will not cover pipes for oil and gas extraction. The JV will only produce linear pipes, general usage pipes as well as machine-building products. “Pipes will be finished at the line built at Interpipe Niko Tube…Details
In January-March Kuzbassrazrezugol mined 11.1 million tons of coal (including almost 1.6 million tons of coking coal), up by 2.5% YoY. Sales grew by 1.8%, to 10.3 million tons. Exports accounted for 70% of sales: 7.3 million tons were exported, and 3 million tons supplied to domestic customers. The company factories processed over 10 million…Details
In January-March Mechel-Materials produced over 47 thousand tons of mineral additives for concrete, up by 14% YoY. This product is used as an alternative to one of the concrete mix components and is manufactured at the line of the grinding and mixing complex commissioned in 2013. Refractory output grew by 44% YoY, to some 40…Details
In January-March Kazakhstan produced 1.167 million tons of steel, up by 7.6% YoY, with 431 thousand tons produced in March, up by 10.9% YoY and by 21.3% MoM. Ferroalloys output in March reached 168 thousand tons, up by 9.1% MoM and by 1.1% YoY. In 3 months manufacture grew by 2.5% YoY, to 494 thousand…Details
In January-February Russia exported 495 thousand tons of pipes valued at $390 million, up by 64% and 2.6-fold YoY respectively. According to the customs statistics, Turkey was the main buyer of Russian pipes with the share of 29%, up 23-fold. Finland imported 27.2% of pipes, up by 22.8%. Large diameter pipes accounted for 65% of…Details
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has launched construction of a processing plant – the key facility of the Gross gold mine in the republic of Yakutia, the company said in a statement on April 19. The plan’s projected processing capacity is 12 million tons of ore per year. The company…Details