The new major shareholder of Petropavlovsk – the Kazakh businessman Kenes Rakishev intends to make the company sell its 31% stake in the iron ore IRC. The company share is estimated at $65 million, while the total debt of IRC of $233.75 million is the ICBC project financing with Petropavlovsk guarantees. The money was borrowed…Details
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Tata Power’s victory at an auction for a 25-year license for the Krutogorovsky coalfield in the Kamchatka region will become India’s biggest investment in Russia’s Far East, India’s Ambassador to Russia Pankaj Saran said. “Negotiations on the project began several years, ago and I am glad that the company has won a license to develop…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of lime valued at 34.34 million UAH. This year the company will deliver 15467 tons of construction lime of the second quality with 80-89% of active CaO+MgO at 2220 UAH per ton. In December 2017 the same company…Details
Zaporozhye Titanium and Magnesium Works has ordered Khimvektor LLC the delivery of ilmenite valued at 88.68 million UAH. This year the company will supply 10 thousand tons of ilmenite concentrate with TiO2 contents of 57.5% at 5982 thousand UAH per ton and 5 thousand tons of concentrate with TiO2 of 55.5% at 5772 UAH per…Details
Energomashspetsstal is fulfilling the order to supply rolls for ArcelorMittal. According to the contract, in December 2017 the company shipped 343 tons of rolls. The rolls went to ArcelorMittal plants situated in Kazakhstan, France and Ukraine. The supporting rolls will be used in hot- and cold-rolling mills. (Ukrainian metal)Details
In 2017 Belarus Iron and Steel Works produced 141.8 thousand tons of hot-rolled seamless pipes, up by 170% YoY. This is the maximum output in 10 years. Pipes were shipped to 126 customers in 19 countries. The major importers of Belarus pipes are Russia, USA, Italy, Germany and Poland. (Ukrainian metal)Details
Pervouralsky Pipe Works was one of the first enterprises of Sverdlovsk region to confirm the correspondence of its environment management system to ISO 14001:2015. The audit has been carried out by TUV Rheinland. The certificate is valid for 3 years. Its first ISO 9001 certificate PNTZ obtained in 2002. (Ukrainian metal)Details
In 2017 Kapan Mining and Processing Works, a part of Polymetal, mined 527 tons of ore and processed 530 thousand tons. In Q4 2017 output totaled 140 thousand tons and processing – 141 thousand tons. Mining grew by 33% YoY, and processing by 24%. Gold contents in 1 processed ton of ore in Q4 2017…Details
Bystrinskoye LLC in Zabaykalye region intends to obtain its first gold containing, copper and magnetite concentrate at the end of the first quarter. After that the plant will be commissioned. The capacity of each line is 5 million tons of ore per year. The commissioning of the works started on October 31, 2017. (Ukrainian metal)Details
Severstal has put in operation a new bulk crane at the steel manufacture of Cherepovets Iron and Steel Works. The lifting capacity of the new machine is 70 tons, its length – over 34 meters and weight exceeds 248 tons. The crane will be used to transport and load slabs into open wagons. “Investments in…Details
Evraz NTMK has started producing a new channel type – 30 P channel. In January the company manufactured the first industrial batch of this channel for the construction projects in St. Petersburg and the Moscow region. The 300 mm-high hot-rolled channel is used in the construction of structures intended for a lot of pressure during…Details
Taiwan has imposed antidumping duties on the import of galvanized sheet, as well as cold-rolled stainless and carbon steel sheet. The duty in the volume of 4.02-80.5% of the customs cost depends on the manufacturer. In particular, such duties were imposed on metal originating from Ukraine, Brazil, China, India, Indonesia and South Korea. The authorities…Details
In 2017 MMK increased steel output by 2.5% YoY, to 12.86 million tons. According to the group statement, pig iron manufacture grew by 5.3%, to 10.163 million tons, and rolled metal – by 0.1%, to 11.331 million tons. Sales to Russia and CIS increased by 3.6%, to 8.528 million tons, at the same time exports…Details