Magnitogorsk Iron and Steel Works board of directors has approved of the investment program for MMK-Metiz. Capital investments will total 3.8 billion rubles. The program is intended to run through 2020. MMK-Metiz was created in 2003. (Ukrainian metal)
DetailsIn 2017 TMK intends to sell 3.8 million tons of pipes and in 2018 – 4.3 million tons. According to the company first deputy CEO Vyacheslav Popov, last year TMK sold 3.5 million tons of pipes. (Ukrainian metal)
DetailsEvraz has transferred 94.96% of Evraz Yuzhkoks shares, previously owned by Palmrose B. V,. to Dashuria. Both Dashuria and Palmrose are Evraz daughter companies. In 2016 Evraz Yuzhkoks received 61.1397 million UAH of net profit, down 3.5-fold YoY, while its net income rose by 11.22%, to 2.763 billion UAH. (Ukrainian metal)
DetailsSince the beginning of the year gold output in Tajikistan increased by 17%, that of silver – almost 2-fold. In January-October gold output went up by 16.4% YoY, and silver – by 89.7%, according to the Ministry of industry and new technologies. In 2016 Tajikistan produced the record volume of precious metals: 5 tons of…
DetailsMetal of the Kazakhstan Electrolysis Works has become a part of products of the new enterprise to produce alloyed aluminum – Giessenhause LLC, which has received the award as the Best industrial project. KEZ is the only manufacturer of aluminum in Kazakhstan. Giessenhause project capacity is 52 thousand tons per year. KEZ has already supplied…
DetailsAround 200 miners of ArcelorMittal Temirtau refused to return to the surface and remained in the shaft. “Some 200 miners of the fourth (night) shift form 4 mines did not return from underground after their shift. This is an unsanctioned action, as the miners have made no claims neither to the mines management, nor to…
DetailsShenzhen delegation visited the Kargalinsk district of Aktobe region. Chinese businessmen were presented the project of iron and nickel ore development at the Velikhovskoye iron ore deposits. Investors showed their interest in long-term cooperation with the district in deposits developing. Having signed the memorandum of cooperation the investors noted that a special group would analyze…
DetailsIn November Zaporozhogneupor increased output of all its molded refractories: magnesia, chamotte and high-aluminous wares. In particular, the company produced 10.6 thousand tons of molded refractories: 4.8 thousand tons of magnesia refractories, 4.8 thousand tons of chamotte refractories and 1.6 thousand tons of high-aluminous wares. In January-November Zaporozhogneupor produced 93.8 thousand tons of molded refractories,…
DetailsUkrainian governmental and industrial lobbyists failed to make Egypt abolish import duties on rebars. The Ministry of trade and industry of Egypt has announced that the temporary duties will become permanent. At least, for the next 5 years. Ukrainian metallurgy, represented by ArcelorMittal Kriviy Rih, will have to pay 15-27% of the customs cost of…
DetailsIn November the Profil-Akras pipe works produced 10.4 thousand tons of pipes. Last month the company supplied 13.1 thousand tons of pipes to its customers. In particular, 2.4 thousand tons were exported. (Ukrainian metal)
DetailsOmutninsk Iron and Steel Works is continuing the technical revamping of its repair-mechanical shop. “The main task of the shop staff is to provide the works divisions with spare parts and jigging. Lately under the technical revamp program we have purchased three CNC machines”, the shop director Yuri Prilukov said. In December the shop received…
DetailsThe road police of Belarus have detected a truck with metal scrap without any registration marks on the road to the Russian border. The police tried to stop the truck, but it turned to another road. When the truck entered the forest the police opened fire. After 16 shots the rear wheel was damaged. When…
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