Minerfin (Slovakia) and Zaporizhstal will not stop investing into the Zaporozhye Iron Ore Complex. “Despite the very difficult situation – two years ago iron ore world prices dropped sharply – we still carried on investing in the construction of the grinding complex. I hope the development of the enterprise will not stop, and together with…
DetailsMariupol Ilyich Iron and Steel Works is continuing the reconstruction of the gas-purifying system at its sintering factory. “Builders are active in the construction of the desulfurization complexes of sintering machines No. 7-9”, the company CEO Yuri Zinchenko reported. “In a month all the metal structures will be assembled (120 tons have been assembled so…
DetailsIn January raw cobalt production in Russia decreased by 7.9% YoY and by 0.5% MoM. According to the Federal Service of State Statistics, raw nickel output dropped by 40.7% YoY and by 27% MoM. (Ukrainian metal)
DetailsThe Siberian bank of Sberbank has put on sale at Avito.ru the Aluminum Castings Works in Barnaul, Altai region. The bank is selling 4 manufacturing premises, roads and railroads. Three shops are leased. There is also electricity enough for a large industrial enterprise, gas, water and heating. The size of the works is 40.657 thousand…
DetailsInvestments into Karelsky Okatysh, a part of Severstal, in 2017 will reach 4.7 billion rubles. 1.7 billion will be spent on decreasing expenses, increasing output and improving products quality. 2 billion rubles will be spent on buying new equipment. Energy efficiency also remains one of the primary targets. “Not all companies in the industry have…
DetailsIn 2016 NLMK Group increased its EBITDA profitability by 25% YoY and its free cash flow by 9%, to $1.1 billion. According to the company statement, its revenue reached $7.64 billion. EBITDA remained flat at $1.94 billion. Investments dropped by 6%, to $559 million. The net debt of the group decreased to $0.69 billion. (Ukrainian…
DetailsIn 2016 Meta Group, a part of ChTPZ, sold 1.354 million tons of scrap, up by 4% YoY, with 760 thousand tons being the group procured scrap, and 594 thousand tons – transit scrap. Meta-Perm demonstrated the growth of 6.1 thousand tons, Vtorchermet – 10.6 thousand tons, Meta-Chelyabinsk – 17.1 thousand tons, and Meta-Yekaterinburg –…
DetailsIn 2016 Atomredmetzoloto received 18.1 billion rubles of revenue, up by 4% YoY, with EBITDA up by 35%, to 4.3 billion rubles, and net profit up by 44%, to 3.7 billion rubles. “2016 was a difficult year for the uranium industry. Still we were able to improve our key financial indexes and showed the net…
DetailsEnergy and Coal Industry Ministry of Ukraine will initiate prohibition of grade “A” coal imports from the territory of the Russian Federation. “I will submit for consideration of the government the order on prohibition of grade “A” coal imports from the territory of Russia. The ministry has information, that the coal will be taken from…
DetailsThe blast furnace No. 3 at Zaporizhstal will be put into operation in April in full accordance with the schedule. According to the company CEO Rostislav Shurma, because of the railroad blockade of uncontrolled territories in Donetsk and Lugansk regions many metal companies have been experiencing the shortages of blast furnace raw materials. “The main…
DetailsZaporozhye Iron Ore Complex has gained access to ore reserves of 68 million tons. The construction of the new grinding complex and the new ore deposits will create 152 new jobs. In 2012-2016 ZZhRK invested over 1.86 billion UAH into development and modernization. (Ukrainian metal)
DetailsThe Kazakhstan state gold-mining works Tau-Ken Altyn, a part of the National mining company Tau-Ken Samruk, plans to sell the National bank 15 tons of gold this year. “Last year Tau-Ken Altyn sold 12 tons of gold to the National bank. This year our plan is 15 tons”, Tau-Ken Samruk chairman Mazhit Turmagambetov said. Thus…
DetailsUkraine intends to increase uranium ore processing to 1501 tons in 2018, to 2480 in 2019 and in 2020 each. This year the uranium concentrate output is expected to increase by 21.4% YoY, to 1.2 thousand tons. Thus, the Ministry of energy and coal industry 2020 forecast of uranium concentrate production exceeds the 2016 results…
DetailsEvraz-holding intends to increase its share on Ukrainian coking coal market to 20%. According to the group statement, its share in 2016 reached 12%. The company increased exports to Ukraine by 42% YoY, to 2 million tons, and plans to increase them to 3 million tons in 2017. In 2015 the company revenues in Ukraine…
DetailsThe management of the Mariupol Ilyich Iron and Steel Works has initiated a dialogue between the Donbass blockade participants and the employees. “On behalf of all the personnel I would like to invite the heads of the railroad blockers to our works. We would like to organize the meeting with our employees, simple metallurgists, who…
DetailsIn February Kraft Group supplied the 100th batch of rolled metal to Leroy Merlin. The companies have been cooperating for more than half a year. During this period Kraft Group sent 500 trucks with Euro-standard rebars to the store. Kraft Group supplies metal to 12 Leroy Merlin stores in Moscow and Moscow region, as well…
DetailsMagnitogorsk Iron and Steel Works has finished the reconstruction of the sulfur-recovery machines in the sinter factory No. 2. According to the company information, the sulfur-recovery system of the sinter factory No. 2 provides for the 95% purification of gases. The first purification system was put into operation in 2015, the second and the third…
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