Revda Non-Ferrous Metals Processing Works has supplied 25 tons of LAMsh77-2-0.05 pipe for an oil-processing plant. Soon another two batches of pipes will be supplied. In January-September Revda Works produced 451 tons of LAMsh77-2-0.05 pipe, up 7.5-fold YoY. According to the company, the growth has to do with the favorable market situation and marketing strategy.…Details
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The pipe-rolling shop of Taganrog Iron and Steel Works has completed the scheduled modernization and repair of the PQF mill, which produces seamless hot-deformed pipes. The repair will result in the decrease of maintenance time and quality improvement. For the first time since the mill has been put in operation the company has replaced beams…Details
In January-September Ferrexpo exported 7.525 million tons of iron ore pellets. In particular, its Poltava GOK exported 5.739 million tons and Yeristovo GOK – 1.786 million tons. At the same time Metalloinvest exported 4.268 million tons of pellets, including 2.568 million tons from Mikhailovsky GOK and 1.7 million tons from Lebedinsky GOK. Karelsky Okatysh exported…Details
In October Ukrainian iron and steel works received 270 thousand tons of scrap, down by 7% MoM. According to Ukrmetallurgprom, in October scrap-procuring companies prepared 310 thousand tons of scrap. Thus, 40 thousand tons were exported, down by 20% MoM. The metal industry in October was provided with scrap on the level of 89%. In…Details
The deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament. It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at…Details
The department of education and youth policy of the Kiliya District State Administration (Odessa region) ordered Oblpalyvo Manufacturing Enterprise the delivery of 2.83 million UAH worth of coal. In particular this year the educational establishments of the district will receive 687 tons of coal: 485 tons of DG grade (13-50) at 3910 UAH per ton,…Details
Victor Pinchuk has received elite real estate in London from Igor Kolomoyskiy and Gennady Bogolyubov within an amicable settlement of the court process on Krivoy Rog Iron Ore Industrial Combine. Pinchuk accused Kolomoyskiy and Bogolyubov of the breach of agreements while privatizing the plant and demanded $2 billion. He claimed that in mid-2000s gave the…Details
In October Uralskaya Kuznitsa produced 9.5 thousand tons of metal, this is the record output for the past 5 years. The main products are railroad car and locomotive axles, which have been manufactured both for Russian and foreign wagon building works. “The growth has to do with the revival of the machine-building market. In 10…Details
Chelyabinsk Iron and Steel Works has started supplying rails for the major operator of Kazakh railroad. According to the contract R65 and R50 rails will be delivered in stages. The first batch of 2 thousand tons has already been delivered to the customer, and 2 thousand tons more will be delivered this year. “Except for…Details
PJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant). Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky gold-iron-copper deposit containing total ore reserves of some 343 million tons that will ensure the…Details
The VTB bank has signed an agreement with Susumanzoloto for the purchase of 2.6 tons of gold in 2018. This year the bank buys some 1.8 tons of the precious metal from the company. In 2 years VTB has provided Susumanzoloto with 2.3 billion rubles of loans for the construction of a mining and processing…Details
In January-September MMK received $814 million of net profits, down by 9.9% YoY. According to the company statement, its revenue grew by 37.2%, to $5.598 billion, while EBITDA fell by 4% YoY, to $1.44 billion. In Q3 the company profits dropped by 7.1% QoQ, to $276 million, revenue grew by 4.5%, to $2.012 billion, while…Details
Shares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9. On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1%…Details