In 2018 Electrozinc intends to invest some 526 million rubles into construction, replacement of the outdated machinery, modernization of existing machines and the purchase of new ones. According to the company chief engineer Dmitry Binder, a number of major projects are in an active stage of realization. For instance, for the project on circulating dust…Details
In 2017, according to the Customs Statistics, Russia imported 498.2 thousand tons of flat galvanized steel with polymer coating, up by 0.7% YoY. The 2016 results were the lowest in all the history of these products imports to Russia. China supplied the most metal – 276.4 thousand tons, up by 10.4% YoY. In December 2017…Details
In December 2017 Metinvest increased its EBITDA by 28.1% MoM, to $251 million, with revenue up by 5.7%, to $915 million. As of December 31, 2017 the group combined debt was $3.017 billion. In December 2017 Metinvest sold 465 thousand tons of semi-finished products valued at $194 million: 232 thousand tons of pig iron billets…Details
In February Ukraine produced 1.51 million tons of steel, down by 20% MoM. According to Ukrmetallurgprom, pig iron output dropped also by 20%, to 1.56 million tons, while that of rolled metal – by 23%, to 1.3 million tons. In January-February pig iron manufacture, taking into account operation of works situated in the temporarily occupied…Details
Residents of Toguz-Toro district of Jalal-Abad region again protest against the construction of a gold recovery plant. About a hundred locals reportedly broke into the territory of GL Makmal Developing company and broke the fence. This is the second protest of the local residents. After the first, construction of the gold recovery plant was suspended.…Details
In 2018 PJSC ArcelorMittal Kriviy Rih plans to spend over UAH 13.2 million on medical insurance of its employees. This insurance contract covers the costs of diseases and injuries treatment at company’s cost. Each employee can have insurance coverage in the amount up to UAH 100 thousand per year. This is one of the biggest…Details
Energomashspetsstal will produce a batch or rolls and slag ladles weighing 1457.39 tons for ArcelorMittal Temirtau. According to the company statement, it will produce rolls for 1700 hot-rolled mill, as well as for 1400 and 1700 cold-rolled mills. The rolls have to be delivered to the customer by September. 200 tons of slag ladles will…Details
Chelyabinsk Iron and Steel Works has produced a pilot batch of Z310 sections. The project is oriented on the wagon-construction market. The new sections are manufactured at the rail-and-beam mill of high-strength steel. The peculiarity of the section is its complex Z-form. “ChMK new product will be in demand by Russian wagon-building and repairing enterprises”,…Details
In 2017 world aluminum consumption increased to 64 million tons. According to the Russian Aluminum Association, consumption grew in all industries. In 2018 the construction industry is expected to demonstrate a 5% growth in aluminum consumption. The consumption of aluminum in construction is growing despite the decrease in the volume of housing constructed. This means…Details
In May the group of companies Ferrum will commission two additional welding lines with the combined capacity of 54 thousand tons per year. According to the company statement, two machines were acquired last October. In particular, the 63-127 machine with the capacity of 36 thousand tons per year will produce 76-108 mm round pipes and…Details
Beloretsk Iron and Steel Works has been awarded the status of the “Perfect Supplier” by one of the largest machine-building enterprises of Russia – Transpneumatica. In 2017 the works increased supplies to the company 1.5-fold YoY. When awarding the status, the customer evaluated the availability of the certified quality management system, the quality of the…Details
In 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…Details
In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has signed a deal to sell a facility in Ukraine to group DCH for $106 million, the company said in a statement on March 1. The payments will be made in several tranches with the initial $25 million payment to be made five days after signing…Details
The period of temporary state regulation of coal prices in Kyrgyzstan has expired, the State Agency of Antimonopoly Regulation reported. To curb the growth of coal prices, meet the needs of socially vulnerable citizens and timely provide the population with coal in the autumn-winter period, state regulation of coal prices for a period of 90…Details
Vyksa Iron and Steel Works has automated the management of warehouse stocks. The company has implemented a system to decrease stocks and risks of shortage of the most popular products. With the help of the system VMZ was able to decrease its stocks by 100 million rubles. “VMZ has created a modern and flexible system…Details
The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm.
The company also carries stocks of other beams made of S255 and S345 steel.
The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)
Zagorsky Pipe Works and POSCO (South Korea) have agreed on the delivery of 60 thousand tons of rolled sheet for the manufacture of pipes. The price of the deal is not disclosed. The companies started cooperating in April 2017, when ZTZ bought the first 20 thousand tons of rolled sheet from South Korea. In December…Details
In 2017 Russia imported 779 thousand tons of hot-rolled sheet with the thickness of over 10 mm, up 2-fold YoY. According to the customs statistics, Ukraine supplied 31.7% of the total volume, down by 17% YoY. Austria increased exports almost 9-fold, to 31.4%, followed by Germany (20.7%, up 9-fold). South Korea and France increased their…Details
The Smart Maritime Group has won a tender to supply a thickening tank to Yuzhniy Mining and Processing Works. The project will start in March. Its cost will amount to 175 million UAH. The designer of the thickener is Engineering Dobersek GmbH (Germany). The total weight of the metal structure with 3 tanks of 10.9…Details
Glencore will resume buying aluminum from Rusal in 2019, but the volumes will decrease considerably, as the Russian company wants to take advantage of the growing demand for high added value products. Volumes are expected to decrease by 25-50% from 14.5 million tons. The deal concluded in 2012 was estimated at $47 billion. The new…Details
The State Property Fund of Ukraine plans to hold an auction to sell 68.009% of Zaporozhye Aluminum Works in May. In December 2017 it was planned to sell the stake in February. The corresponding changes to the schedule of sales have been envisioned in the Fund decree dated February 20 and published in the “Vedomosti…Details
UzBuild-2018, an international construction exhibition in which Magnitogorsk Iron and Steel Works is participating, started in Tashkent. Uzbekistan is one of MMK’s key markets in the CIS. In 2017 MMK shipped over 300,000 tons of finished steel products to Uzbek consumers, accounting for nearly 80% of the company’s sales in Central Asia. At the exhibition…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in February deliveries of ferrous metals scrap to metal companies will decrease by 4.55% MoM, or by 10 thousand tons, to 210 thousand tons. According to the enterprise deputy director Yuri Dobrovolsky, last month traders and procurers tried to faster unload their warehouses in order not to sell scrap…Details
Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.
According to the company statement, the dividends will be paid from March 20 till July 27.
The dividends will be paid for 2014.
In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)
Russia’s Ural Mining and Metallurgical Company (UMMC) plans capital expenditures in development of the Gaysky GOK ore dressing plant to rise by 34%, to 3.5 billion rubles in 2018, the company said in a statement. The company will spend about 2.25 billion rubles on development of an underground mine at the depth of 830-1,310 meters,…Details