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
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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
The state enterprise Mirnogradugol has ordered Vizarremprom LLC the delivery of anchoring for shaft operations, parts of mechanized anchoring sections and hydraulically operated mine props valued at 102.22 million UAH. According to the agreement, within 90 days of the 100% prepayment receipt the company has to deliver 30 units of hydraulic anchoring at 174396 UAH…Details
The state enterprise Mine named after Surgay has concluded agreements on the delivery of goods valued at 199,999 UAH each at the total amount of 1.8 million UAH. As the expected price of each purchase was below 200 thousand UAH, the enterprise was allowed not to hold the open trade. (Ukrainian metal)Details
In the town of Ukrainsk (Donetsk region) miners from the Ukraina mine of the state enterprise Selidovugol have made a preliminary strike and are preparing for mass actions because of the non-payment of salary. “On January 15 the first shift of the miners didn’t come to the work, a part of the second and third…Details
“Non-Ferrous Metals Alloys Manufacture” of Uralelectromed has received new machinery valued at 10.5 million rubles. In particular, hydraulic forming machines have been supplied from Turkey and vertical milling machine – from Belarus. The new machinery will improve productivity and increase product range. The purchase of the new mills was presupposed in the program of modernization…Details
Metinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…Details
In December 2017 Kazakhstan produced 0.424 million tons of steel, up by 13.9% YoY and by 2.2% MoM. In 2017 steel manufacture totaled 4.663 million tons, up by 9.4% YoY. Ferroalloys output increased by 6.6% YoY in 2017, to 1.948 million tons. In December 2017 output grew by 5.2% MoM and by 6.1% YoY, to…Details
Brazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…Details
Magnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…Details