In 2017 Evraz increased steel output by 3.8% YoY, to 14.033 million tons. According to the company statement, in Q4 2017 steel manufacture grew by 1.4% QoQ, to 3.546 million tons. Semi-finished products output increased by 6.5% YoY, to 5.519 million tons, while that of construction rolled metal dropped by 7.9%, to 3.139 million tons.…Details
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Magnitogorsk Iron and Steel Works is reconstructing its oldest blast furnace No. 1, commissioned in 1932. The project presupposes the reconstruction of the foundry yards of the BF1, the capacity of which is 1.25 million tons of pig iron per year, and the volume – 1370 cubic meters. (Ukrainian metal)Details
The State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic put up the right for geological exploration of two deposits of alluvial gold for auction. Bash-Nura and Chetke-Archalu fields in Naryn district were put up for auction. It is noted that in the 1930s and 1940s, a part of them was developed…Details
Mechel has concluded an agreement on borrowing 1.44 billion rubles from Chelyabinsk Iron and Steel Works. The agreement was signed on January 15 and is valid through October 1, 2022. The interest rate on the loan is not revealed. (Ukrainian metal)Details
In 2017 Irkutsk region obtained 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial gold. The total output increased by 1.3% YoY, with alluvial gold share down by 3.7%, and ore gold up by 6.2%. 26 enterprises were extracting gold in the region in 2017. 5 of them provided…Details
ArcelorMittal Kriviy Rih has obtained a Kiwa certificate, which confirms the high quality of the company rebars. Now they can be marked with the KOMO sign. Earlier AMKR has already received the right to sell its products in Germany (according to DIN), Belgium (NBN) and France (NF). Now with the Kiwa certificate the company has…Details
In 2017 Dneprometiz operation was stable, according to the company CEO Alexander Yakovlev. Last year the company produced and sold over 85 thousand tons of metal wares. EBITDA totaled $3 million. This year the company intends to increase output to 90 thousand tons. EBITDA is expected to grow to 90 million UAH. (Ukrainian metal)Details
Last year the Nevinnomyssk-based StavStal unexpectedly became insolvent. “StavStal was created in 2011. It was working perfectly, but it did not return its debts to Sberbank. The bank demanded payment, but the company did not have enough funds. At first we attracted an Indian investor. They invested $5 million, but did not get anything in…Details
In 2017 Tulachermet produced 2276 thousand tons of pig iron. This is the highest result in the entire history of the works operating with two blast furnaces. In December 2017 the company produced 211012 tons of pig iron, while on December 16, 2017 another record was set – 7540 tons of pig iron produced in…Details
Magnitogorsk Iron and Steel Works is finishing the preparatory works at the new sinter factory construction site: the builders are making foundation and assembling metal structures. In March they intend to start assembling the main machinery. Investments will total around 22 billion rubles. Construction started in December 2016. The first object of construction was the…Details
ArcelorMittal Kriviy Rih has put in operation a new iron ore transporting complex. This year the company intends to increase iron ore output at the mine named after Artem from 757.6 thousand tons in 2017 to 1.013 million tons. This will make the company cover all its needs in sinter ore. For this a new…Details
In 2017 NLMK Group steel output increased by 3% YoY, to 17.1 million tons. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 million tons, up by 3% YoY. Sales of finished steel increased by 5%, to 10.8 million tons, accounting for more than 65% in the group’s total…Details