The Cabinet of Ministers has set the state order for procurement of ferrous and non-ferrous scrap and wastes for state (republican) needs. The customer is the state enterprise on procurement, processing and supply of scrap Belvtormet. The state order for Q1 2018 is 20%, for Q2 – 30%, for Q3 – 25% and for Q4…Details
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On November 21-22 the Department of subsoil use of the Central and Siberia Federal Districts held 5 auctions to sell alluvial sites in Zabaikalye region. Zabgoldprom LLC won the auction on the Undurga River site with 220 kg of gold. The company paid 38.76 million rubles for the lot. The site on the river Bombando…Details
In November ZMT passed the audit of its copper pipes for the correspondence with the Warnock Hersey quality system for the supply to the markets of Canada and North America. Intertek (USA) carried out the audit and confirmed the correspondence of pipes to construction norms and safety standards. In January-October ZMT increased sales to Canada…Details
The delegation of the Zagorsky Pipe Works participated in the business mission of Russian companies to the United Arab Emirates. ZTZ representatives suggested supplying pipe products for oil and gas projects, being carried out on the territory of the UAE, as well as to the Near East countries. “Of course the pipe market of the…Details
Revda Non-Ferrous Metals Processing Works has developed a technique to manufacture new products – cold-deformed pipes with outer diameter of up to 80 mm of S70600 copper-nickel alloy. Such pipes have improved surface quality, corrosion resistance, strength and thermal conductivity. The pipes are in demand by Russian and foreign companies dealing with energy machine-building. (Ukrainian…Details
Evraz NTMK has started manufacturing a unique product for local market – the construction beam of S390 and S440 strength classes. Thanks to alloying with vanadium and the unique manufacturing technique only Evraz NTMK is capable of producing beams of such a high strength type. Since the beginning of the year the company has started…Details
Severstal-Metiz has become the exclusive supplier of rail track fasteners parts to Vossloh. The company has supplied the first industrial batch of fasteners to Vossloh Fastening Systems Rus (the city of Engelsk). Screws with fixed nuts are one of the elements of rail track fasteners. They are widely used all over the world to repair…Details
In January-September Mechel decreased coal output by 8% YoY, to 15.7 million tons. According to the company statement, at the same time coal mining at Elginsky Coal Complex grew by 6%, to 3.05 million tons. Pig iron manufacture increased by 1% YoY, to 3.048 million tons. Steel production went up by 3%, to 3.217 million…Details
In January-September the net profit related to shareholders of Mechel increased 2-fold YoY, to 11.114 billion rubles ($185 million). According to the company statement, in 9 months its profit increased 1.8-fold, to 11.962 billion rubles, EBITDA went up by 42%, to 459.14 billion rubles, and consolidated revenue grew by 13%, to 222.797 billion rubles. In…Details
In January-October Ferrexpo exported 8.491 million tons of iron ore pellets. In particular, its Poltava Mining and Processing Works exported 6.331 million tons of pellets, while Yeristovo GOK – 2.16 million tons. Meanwhile Metalloinvest exported 4.711 million tons of pellets (Mikhailovsky GOK – 2.76 million tons, Lebedinsky GOK – 1.951 million tons). Karelsky Okatysh, a…Details
Alchevsk Iron and Steel Works, situated on the temporarily uncontrolled territory of Ukraine, and a part of the Industrial Union of Donbass, has been transferred to the management of Vneshtorgservice of the fugitive businessman Sergey Kurchenko. The same earlier happened with the number of Metinvest companies. At present, according to sources, representatives of the company…Details
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan put two brown coal deposits up for auction. The right to develop Shurab field (Samarkandek Zapadniy 1) in Batken district was put out to the tender. The balance reserves of coal at the field amount to 810,000 tons. At least 274,000 tons of them…Details
The shareholders of Russian steelmaker Severstal have approved paying 35.61 rubles per share in dividends for July-September. The record date for the dividends is December 5. In 2016, Severstal paid 24.96 rubles per share, or a total of 20.91 billion rubles, in dividends for July–September. The company also paid 22.28 rubles per share or 18.66…Details