In 2017 Interpipe increased sales of railroad wheels and tyres to Ukrzaliznytsia more than 2.2-fold. “Last year Ukrzaliznytsia once again became our key client. Despite the replacement of its chairman Ukrzaliznytsia still follows the direction to modernize the rolling stock”, Interpipe CFO Denis Morozov said. He noted that it became easier for the company to…Details
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International rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook. The decision follows a rating action to raise Russia’s sovereign ceiling, which took place on January 25.…Details
IPSCO Tubulars, a subsidiary of Russian oil and gas pipe maker TMK, plans to offer about 23.3 million shares at $20-23 per paper during an initial public offering (IPO), the company said in a statement on January 29. IPSCO Tubulars will sell 7.4 million shares, and TMK will sell 15.8 million shares it owns…Details
Tajikistan is prospecting for uranium not to resume mining, but to evaluate the reserves. “This does not mean we will return to uranium mining”, the director of Main geology department at the government Zarobiddin Fayzullozoda said. “Uranium was actively processed on the territory of Tajikistan under the Soviet Union. The work on prospecting started in…Details
In December 2017 Russia produced 5.93 million tons of steel, down by 4.2% YoY (5.74 million tons in November 2017). In 2017 steel output totaled 71.34 million tons, up by 1.3% YoY. Ukraine produced 2.06 million tons of steel in December 2017 (2 million tons in November 2017), down by 2.4% YoY and 24.218 million…Details
In December 2017 Russia produced 4.32 million tons of pig iron, down by 3.6% YoY (4.19 million tons in November 2017). In 2017 Russia produced 51.58 million tons of pig iron, down by 0.6% YoY. Ukraine decreased pig iron output in December 2017 by 7.4% YoY, to 1.8 million tons (1.74 million tons). In 12…Details
In 2018 Kinross Gold has produced the 6-millionth ounce of gold at its Kupol mine since its commissioning. According to the company statement, in 2016 it produced 734143 ounces of gold. Kinross Gold is developing two deposits in Chukotka – Kupol and Dvoynoye. This year the company intends to start developing the Moroshka deposits. The…Details
In 2017 Uralelectromed galvanized 50.3 thousand tons of metal structures, up by 26 tons YoY. The main customers were companies producing electricity stands and road fences. Moreover, UEM has galvanized around 200 tons of structures for the construction of arenas in Yekaterinburg and Volgograd for the World Cup. (Ukrainian metal)Details
Uralelectromed has put in operation a new kiln made to order by Bosio. The kiln has been assembled at the electrolysis copper slurry-roasting site. The capacity of the kiln is 2.6 tons per day. The roasting temperature is 600-650 degrees C. (Ukrainian metal)Details
Gaysky Mining and Processing Works has finished the construction of a new electronic weighing complex on the territory of copper and zinc concentrate warehouse at the processing factory. The cost of construction exceeded 6 million rubles. The complex will weigh the ready-made products shipped via automobiles. The maximum weighing capacity of the complex is 100…Details
In 2017 Kamensk-Uralsky Non-Ferrous Metals Processing Works produced 23.6 thousand tons of metal, up by 17% YoY. Non-ferrous rolled metal output totaled 20.5 thousand tons, up by 14%. In the structure of manufacture the non-ferrous rolled metal occupies some 87%, with powder at 13% (3.1 thousand tons). As to the types of non-ferrous metals, rolled…Details
Viz-Stal has started assembling the new bridge crane to service the cold-rolling shop. The project is valued at 36 million rubles. The new-generation crane manufactured in Russia will replace the outdated previous machine. Its improved lifting capacity (22 tons instead of 20) will increase the speed of operation by 10%, while the energy-saving technologies will…Details
Energomashspetsstal will supply rolls to Essar Steel. According to the contract signed in January, EMSS will produce and supply 6 supporting rolls for the hot-rolling mills. The total weight of the order is 242.9 tons. A part of the rolls will be delivered in Q3-Q4, while the rest in Q1-Q2 2019. (Ukrainian metal)Details