In 2016 the net profits of Uralelectromed decreased by 23.6% YoY, to 2.17 billion rubles. Revenue, on the other hand, went up to 28.9 billion rubles from 26 billion rubles in 2015, while sales jumped from 18.3 billion rubles to 22.97 billion rubles. The company says revenue growth was the result of output and sales…
DetailsIn 2016 Sredneuralsky Copper-Smelting Works, a part of UMMC, increased its net profits 10-fold YoY. According to the company statement, it received 2.912 billion rubles of profits, as opposed to 300 million rubles in 2015. In 2014 the company reached the highest volume of net losses – 5.2 billion rubles. Revenues in 2016 increased by…
DetailsGaysky Mining and Processing Works, a part of UMMC, is assembling a ball mill with the volume of 18 cubic meters at its processing factory. It is expected to be put into operation in mid-Q2. “When the new mill is put into operation, we will be able to use a more powerful mill with the…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has produced over 200 tons of rebars for the construction of a wind park in Ulyanovsk region. The first Russian wind park, a wind power plant of several generators united in a network, near the village of Krasny Yar will consist of 14 generators with the…
DetailsIn January-February, Poltava Mining and Processing Works, a part of Ferrexpo, exported 1.71 million tons of iron ore pellets. Karelsky Okatysh exported 944 thousand tons of pellets, Lebedinsky GOK – 728 thousand tons, Mikhailovsky GOK (all three – Russia) – 466 thousand tons. Central Mining and Processing Works exported 305.1 thousand tons of iron ore…
DetailsZaporizhstal has completed large-scale assembly of metal structures at the blast furnace No. 3 being reconstructed. According to the company statement, over 7 thousand tons of metal structures have been assembled. “We are moving to the construction of the new blast furnace No. 3 with confidence. A couple of days ago we have reached the…
DetailsThe Mogilev-based steel mill MMZ has started shipping rough-forged railway axles to Russia, Valery Fishman, Head of the Central Office for Innovations and Investments of the Belarusian Industry Ministry, reported on 30 March. According to the source, two significant projects have been implemented by the Belarusian Metallurgical Company lately. The first one is the production…
DetailsAlliance Altyn LLC, which holds a license to develop Jerooy gold deposit in Talas region, commented on the publication of the 24.kg news agency «Will Jerooy’s gold be dragged into presidential election?». The company informs: the data on the delay in the implementation of Jerooy project and the alleged involvement of Kyrgyz MP Omurbek Babanov…
DetailsThe Taganrog Boiler-Manufacturing Plant “Krasniy Kotelschik” has concluded an agreement to supply a steam boiler and boiler equipment to Novolipetsk Iron and Steel Works. The boiler with the steam generation capacity of 220 tons per hour will be able to burn metallurgical and natural gas in various proportions. The utilization of the furnace gas in…
DetailsIn 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles. Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively. In particular, both mines received Sandvik mining machinery worth 129…
DetailsIn 2016 Chelyabinsk Iron and Steel Works, a part of Mechel, increased its net profits 3.7-fold, to 14.978 billion rubles, hitting a record in all its history. In 2015 the works earned 4 billion rubles. In 2016 earnings increased by 12%, to 107 billion rubles. (Ukrainian metal)
DetailsIn February Ukraine produced 1.835 million tons of pig iron. This was enough to help it retain the 8th position in the list of top world pig iron manufacturers. The first position is occupied by China with 55.573 million tons, up by 9% YoY. All in all the world pig iron output in February totaled…
DetailsBlack Iron Shymanivske Steel LLC has been granted the right by the Kriviy Rih city council to prepare the land plan for the construction of the iron ore plant. The company intends to state in the plan the open-pit mine, repair shop, and fuel reserve site as the main infrastructure objects. In 2010 Black Iron…
DetailsIn 4 years the labor productivity in non-ferrous metallurgy increased 4-fold. “All the targeted indexes in labor productivity in the priority industry have been reached”, the vice-minister on investments and development Roman Sklyar declared. In ferrous metallurgy labor productivity in 2016 reached 248.6% from the level of 2012, while the targeted volume was 108.7%. Labor…
DetailsDTEK has warned about the risk of working at the enterprises occupied by the militants on the temporarily uncontrolled territory. According to the company statement, prior to the take-over it guaranteed the fulfillment of all normative and technical documents in labor and industrial safety. Moreover the company paid for all training, attestation of employees, etc.…
DetailsThe Ministry of energy and coal industry initiates the implementation of the laboratory control of imported coal not to allow deliveries of coal from the terrorists-taken mines on the temporarily occupied territories of Donetsk and Lugansk regions. “Each mine is like a fingerprint: coal deposits have a unique geological and chemical formula, and the laboratory…
DetailsFrom March 29, Severstal decreased prices on its main products – hot- and cold-rolled metal, galvanized metal and polymer-coated metal – by 2.7-6.2% per ton, depending on the product. “Despite a slight pressure on the prime cost of our products of such factors as ruble strengthening and tariff increase, we decrease our ruble prices. We…
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