Korolevsky Pipe Works has opened a new warehouse in the city of Taganrog. The new site started operating on March 5. KTZ is one of the largest pipe manufacturers in Russia. It has the pipe plant in the city of Korolev, manufacturing assets in Voronezh, as well as the manufacturing-warehousing complex in Ivanteevka, with the…Details
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In January-February Azovstal Iron and Steel Works produced 602 thousand tons of rolled metal, up by 2.2% YoY. According to the company press-service, steel output dropped by 9.5%, to 631 thousand tons, while that of pig iron grew by 1.9%, to 629 thousand tons. In February Azovstal produced 265 thousand tons of rolled metal, 279…Details
Fire appeared in a mine of Zaporozhye Iron Ore Complex in the village of Malaya Belozerka, when some 80 miners were working at the depth of over half a kilometer. 6 miners received damages because of the fire, with the burnings of one of them being severe. According to the medics, the condition of 5…Details
Export of Russian coal in January-February increased by 4% YoY, to 28.6 million tons, the Ministry of Energy said. In February coal exports totaled 13.988 million tons. Coal mining in January-February amounted to 69.233 million tons, of which 61.100 million tons were delivered. (PortNews/Ukrainian metal)Details
In January Ukraine sold 204.197 billion UAH worth of industrial products (goods and services), up by 28.1% YoY, including 59.119 billion UAH for exports, up by 48.1%. According to the State Statistics Service, mining and quarry industry sales grew by 7.7%. Metal and metal wares manufacture accounted for 18.9% of the total output, while mining…Details
In 2018 Susumanzoloto intends to get 6 tons of gold against the target of 5.3 tons. The increase YoY could be 16.8%. The company enterprises will be operating at the gold deposits in Magadan region and the Republic of Sakha (Yakutia). Electrum plus LLC is expected to provide 490 kg of ore gold. The rest…Details
The Eurasian Economic Committee has increased the import duty of Ukrainian steel wheels with the diameter of 710 mm from 4.75% to 34.22%. The decision has been published on the EEC site and comes into effect in 30 days. The previous investigation ended with the setting of the antidumping duty of 4.75% for 5 years…Details
In 2017 Russia exported 5.37 million tons of steel scrap, down by 4.4% YoY. According to the customs statistics, this is the lowest volume of exports in the past 4 years. Revenue increased by 21%, to $1.329 billion. Turkey imported the most scrap – 44% of the volume, down by 3.9%, but Russia’s revenue grew…Details
At a meeting held on March 5, directors of NLMK Group, an international steel company with assets in Russia, the USA and the EU, resolved to convene the Annual General Shareholders’ Meeting on June 8. The Board suggested the shareholders elect Grigory Fedorishin as President (Chairman of the Management Board) of the company. NLMK shareholders…Details
At a meeting held on March 5 NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q4 2017 dividends of 3.36 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Board of Directors has also recommended that the shareholders set the…Details
ArcelorMittal Kriviy Rih will pay all its employees a monetary reward for 2017. The so-called 13th salary will be paid by March 15 in full. According to the company statement, each employee will receive an average monthly salary. The total amount to be paid will exceed 200 million UAH. AMKR is one of the few…Details
Energomashspetsstal has fulfilled the contract signed with the state enterprise Electrotyazhmash Works and shipped the customer the last batch of billets. According to the agreement, signed in June 2017, EMSS had to provide the customer with 248.59 tons of billets. In February the company shipped the last batch of sleeves weighing 104.93 tons. They will…Details
This year Chepets Mechanical Works intends to actively develop foreign markets by promoting its products. “We understand, that if we want to further increase revenue, we have to enter the world markets”, the company CEO Deniz Anischuk said. The company has already signed agreements on the supply of titanium products. (Ukrainian metal)Details