In 2018 PJSC ArcelorMittal Kriviy Rih plans to spend over UAH 13.2 million on medical insurance of its employees. This insurance contract covers the costs of diseases and injuries treatment at company’s cost. Each employee can have insurance coverage in the amount up to UAH 100 thousand per year. This is one of the biggest…Details
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Energomashspetsstal will produce a batch or rolls and slag ladles weighing 1457.39 tons for ArcelorMittal Temirtau. According to the company statement, it will produce rolls for 1700 hot-rolled mill, as well as for 1400 and 1700 cold-rolled mills. The rolls have to be delivered to the customer by September. 200 tons of slag ladles will…Details
Chelyabinsk Iron and Steel Works has produced a pilot batch of Z310 sections. The project is oriented on the wagon-construction market. The new sections are manufactured at the rail-and-beam mill of high-strength steel. The peculiarity of the section is its complex Z-form. “ChMK new product will be in demand by Russian wagon-building and repairing enterprises”,…Details
In 2017 world aluminum consumption increased to 64 million tons. According to the Russian Aluminum Association, consumption grew in all industries. In 2018 the construction industry is expected to demonstrate a 5% growth in aluminum consumption. The consumption of aluminum in construction is growing despite the decrease in the volume of housing constructed. This means…Details
In May the group of companies Ferrum will commission two additional welding lines with the combined capacity of 54 thousand tons per year. According to the company statement, two machines were acquired last October. In particular, the 63-127 machine with the capacity of 36 thousand tons per year will produce 76-108 mm round pipes and…Details
Beloretsk Iron and Steel Works has been awarded the status of the “Perfect Supplier” by one of the largest machine-building enterprises of Russia – Transpneumatica. In 2017 the works increased supplies to the company 1.5-fold YoY. When awarding the status, the customer evaluated the availability of the certified quality management system, the quality of the…Details
In 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…Details
In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, has signed a deal to sell a facility in Ukraine to group DCH for $106 million, the company said in a statement on March 1. The payments will be made in several tranches with the initial $25 million payment to be made five days after signing…Details
The period of temporary state regulation of coal prices in Kyrgyzstan has expired, the State Agency of Antimonopoly Regulation reported. To curb the growth of coal prices, meet the needs of socially vulnerable citizens and timely provide the population with coal in the autumn-winter period, state regulation of coal prices for a period of 90…Details
Vyksa Iron and Steel Works has automated the management of warehouse stocks. The company has implemented a system to decrease stocks and risks of shortage of the most popular products. With the help of the system VMZ was able to decrease its stocks by 100 million rubles. “VMZ has created a modern and flexible system…Details
The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm. The company also carries stocks of other beams made of S255 and S345 steel. The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)Details
Zagorsky Pipe Works and POSCO (South Korea) have agreed on the delivery of 60 thousand tons of rolled sheet for the manufacture of pipes. The price of the deal is not disclosed. The companies started cooperating in April 2017, when ZTZ bought the first 20 thousand tons of rolled sheet from South Korea. In December…Details