A miner died last night during underground works in Shukruti mine in the village of Chiatura – a city in the western Georgian region of Imereti. The mining accident claimed the life of 45-year-old Zaza Abramishvili at around 3 am. Georgian American Alloys, the company responsible for the mine, said in a statement that part…Details
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In 2017 Yasinovsky By-Product Coke Plant increased net losses 4.7-fold YoY, to 1.434 billion UAH. According to the company statement, its uncovered loss last year totaled 1.195 billion UAH. The company current liabilities grew 2.4-fold, to 2.29 billion UAH, while its fixed liabilities fell by 40%, to 63.181 million UAH. Its accounts receivable decreased by…Details
In January-February Zaporozhye Iron Ore Complex produced 697 thousand tons of iron ore, up by 37.2% YoY. According to a company representative, in February it mined 330 thousand tons of ore. The plan for this year is 4.55 million tons of ore with the iron contents of 60.85%. In 2017 iron ore output remained almost…Details
In 2017 Evraz NTMK produced 1.3 thousand tons of flanged beams for metal structures to be used in construction of Amur Gas-Processing Works infrastructure. This year the deliveries will continue. In particular Evraz NTMK produced beams of 19 sizes, including of low-alloyed steel 345. The company can manufacture 300 sizes of hot-rolled beams with the…Details
Oskol Electrometallurgical Works, a part of Metalloinvest, hosted a meeting of Metalloinvest commercial director Nazim Efendiyev and KamAZ deputy sales general director Rustam Shamsutdinov. The parties agreed on improving the efficiency in the supply of high quality rolled steel (SBQ), including creating the stocks and switching to electronic workflow. In 2017 OEMK supplied almost 50…Details
The Far East Development minister Alexander Galushka during his working trip to China has held a number of meetings with the local businesses. In particular, he held talks with the Minmetals Corporation. The corporation is eyeing the development of the Malmyzh copper-porphyry deposits in Khabarovsk region. The deposits reserves amount to 5.6 million tons of…Details
Smart Stahl GmbH (Austria) has purchased the movable property of the Liepājas metalurgs rolling shop. But it is believed that Dmitry Gerasimenko, owner of the Volgograd-based Krasniy Octyabr (Russia) could be behind the deal. He is a full owner of the Cyprus-based Segoa Ventures Limited, which owns Smart Stahl, created in April 2017. The sum…Details
Following the results of February, Ukraine dropped to the 12th position in the world steel manufacturers rating. According to Worldsteel, China traditionally occupies the 1st place with 64.93 million tons of steel, up by 5.9% YoY. Ukraine produced 1.9 million tons of steel, up by 11.2%, which was still not enough to overtake Italy (2.093…Details
In 2017 Dneprometiz increased its net profit by 79% YoY, to 58.292 million UAH. According to the company statement, its assets as of the end of 2017 totaled 714.885 million UAH, current liabilities – 533.483 million UAH and consolidated accounts receivable – 153.327 million UAH. In 2016 Dneprometiz received 34.73 million UAH of profit, as…Details
In February Chelyabinsk Iron and Steel Works decreased railroad sales of rolled steel by 8.1% YoY and by 13% MoM, to 260.3 thousand tons. In 2 months sales dropped by 1.5%, to 560 thousand tons. Delivery to local customers decreased by 6.5%, to 478.1 thousand tons, while exports jumped by 42.6%, to 81.6 thousand tons.…Details
Russia is ready for negotiations with the U.S. to cancel 25% steel and 10% aluminum imports duties, Deputy Industry and Trade Minister Viktor Yevtukhov declared on March 26. Yevtukhov also said that Russia was considering contesting the measure in the World Trade Organization (WTO) and retaliating. “The third process is a process of negotiations to…Details
Severstal will supply 600 tons of rolled metal with polymer coating for the construction of the Dream Island theme park in Moscow. The rolled metal manufactured by Cherepovets Iron and Steel Works will be used to produce sandwich-panels. The tender for their supply has been won by Severstal long-time partner – the company Teplant. The…Details
PJSC ArcelorMittal Kriviy Rih launches a new education project, which is the “Young Engineers” school. Its participants may be the employees’ children aged from 9 to 15 years. The learning program includes chemical and physical experiments, robotics technology, construction, master classes on work with wood and metal. When the young engineers will begin their exciting…Details