Oskol Electrometallurgical Works, a part of Metalloinvest, hosted a meeting of Metalloinvest commercial director Nazim Efendiyev and KamAZ deputy sales general director Rustam Shamsutdinov. The parties agreed on improving the efficiency in the supply of high quality rolled steel (SBQ), including creating the stocks and switching to electronic workflow. In 2017 OEMK supplied almost 50…Details
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The Far East Development minister Alexander Galushka during his working trip to China has held a number of meetings with the local businesses. In particular, he held talks with the Minmetals Corporation. The corporation is eyeing the development of the Malmyzh copper-porphyry deposits in Khabarovsk region. The deposits reserves amount to 5.6 million tons of…Details
Smart Stahl GmbH (Austria) has purchased the movable property of the Liepājas metalurgs rolling shop. But it is believed that Dmitry Gerasimenko, owner of the Volgograd-based Krasniy Octyabr (Russia) could be behind the deal. He is a full owner of the Cyprus-based Segoa Ventures Limited, which owns Smart Stahl, created in April 2017. The sum…Details
Following the results of February, Ukraine dropped to the 12th position in the world steel manufacturers rating. According to Worldsteel, China traditionally occupies the 1st place with 64.93 million tons of steel, up by 5.9% YoY. Ukraine produced 1.9 million tons of steel, up by 11.2%, which was still not enough to overtake Italy (2.093…Details
In 2017 Dneprometiz increased its net profit by 79% YoY, to 58.292 million UAH. According to the company statement, its assets as of the end of 2017 totaled 714.885 million UAH, current liabilities – 533.483 million UAH and consolidated accounts receivable – 153.327 million UAH. In 2016 Dneprometiz received 34.73 million UAH of profit, as…Details
In February Chelyabinsk Iron and Steel Works decreased railroad sales of rolled steel by 8.1% YoY and by 13% MoM, to 260.3 thousand tons. In 2 months sales dropped by 1.5%, to 560 thousand tons. Delivery to local customers decreased by 6.5%, to 478.1 thousand tons, while exports jumped by 42.6%, to 81.6 thousand tons.…Details
Russia is ready for negotiations with the U.S. to cancel 25% steel and 10% aluminum imports duties, Deputy Industry and Trade Minister Viktor Yevtukhov declared on March 26. Yevtukhov also said that Russia was considering contesting the measure in the World Trade Organization (WTO) and retaliating. “The third process is a process of negotiations to…Details
Severstal will supply 600 tons of rolled metal with polymer coating for the construction of the Dream Island theme park in Moscow. The rolled metal manufactured by Cherepovets Iron and Steel Works will be used to produce sandwich-panels. The tender for their supply has been won by Severstal long-time partner – the company Teplant. The…Details
PJSC ArcelorMittal Kriviy Rih launches a new education project, which is the “Young Engineers” school. Its participants may be the employees’ children aged from 9 to 15 years. The learning program includes chemical and physical experiments, robotics technology, construction, master classes on work with wood and metal. When the young engineers will begin their exciting…Details
In 2017 the Kharkiv Works named after Frunze increased net profit by 30.31% YoY, to 69.6 million UAH. According to the company statement, its assets as of late 2017 totaled 567.436 million UAH. The company current liabilities were on the level of 118.799 million UAH, while the consolidated accounts receivable – on 99.935 million UAH.…Details
The gold-extracting company Pavlik, a part of Arlan, intends to have commissioned the second stage of the mining and processing works at the Pavlik deposits by late 2019. The project presupposes the construction of another gold-extracting factory on the basis of the existing works with the capacity of 5 million tons of ore per year.…Details
Dalzoloto LLC is busy prospecting at the Delken territory. The work started in 2016. In late 2018 the company intends to register at least 10 tons of C1+C2 gold reserves. Forecast resources total 31 tons of R1 gold. On another site the prospecting started in 2017 and is expected to end in 2022. The prospecting…Details
This year the Orotukan Alluvial Company LLC intends to obtain 300 kg of alluvial gold. According to the company statement, the sand-washing season will start on May 1. Last year the company obtained 296.6 kg of gold. The company owns 11 licenses for alluvial gold sites in the Magadan region. (Ukrainian metal)Details