The Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…Details
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The pipe-rolling shop No. 1 of the Seversk Pipe Works has completed another stage of the flow line No. 5 modernization The project was carried out without stopping the manufacturing process. The new SMS Group presses assembled in the ship will be tested in December 2017 – January 2018. “The project of flow line No.…Details
In 2018 coal output at the Sayano-Partizansky pit in Krasnoyarsk krai will increase by 30% YoY, to 1 million tons. According to Russian Coal, then output will reach 1.5 million tons and increase to 3 million tons per year. The pit is the only deposit of coal in Krasnoyarsk krai. 80% of coal mined there…Details
Karelsky Okatysh has put in operation the fourth EKG-20KM excavator. The first two excavators have been operating at the Central and South quarries for over a year already. The third excavator was put in operation in August. (Ukrainian metal)Details
NLMK-Kaluga has put into operation a steel-casting ladle with a new wall lining, which decreases refractory materials usage by 25%. The ladle transports liquid steel from the furnace. Earlier NLMK-Kaluga ladles have been lined with refractory bricks. The new technique uses liquid refractory concrete. “We intend to save some 29.1 million rubles a year with…Details
In early November Donetsk Iron and Steel Works, situated in the temporarily occupied region, stopped operating because of the lack of funds. The money provided by the managing company Vneshtorgservice LLC was used to buy fuel, raw materials, machinery, etc. In June the works was shut down because of the absence of fuel. (Ukrainian metal)Details
In January-October Ukraine imported 2.167 thousand tons of hot-briquetted iron, down by 95.2% YoY. According to the State Fiscal Service, imports decreased in monetary terms by 92.5%, to $580 thousand. Ukraine does not export or re-export HBI. The largest manufacturer of HBI in the CIS countries is Lebedinsky GOK (Russia). In 2016 because of the…Details
In January-September Nordgold yielded 716.8 thousand ounces (22.3 tons) of gold, up by 13% YoY. The prime cost in H1 increased by 7%, to $689 per ounce. Sales grew by 13%, to 716.3 thousand ounces, with the average price down by $6 YoY, to $1257 per ounce. The company revenue increased by 13%, to $900.5…Details
In October StalTrans sold 3.6 thousand tons of metal wares, up by 2.75% MoM, including 2.7 thousand tons of wire, up by 1.28%, and 0.7 thousand tons of nails, up by 1.26%. In January-October sales increased by 12.9% YoY, to 37.9 thousand tons. Wire sales grew by 14.7%, to 28.1 thousand tons, while nails by…Details
In January-September Severstal supplied some 414 thousand tons of rolled metal to Russian machine-builders, up by 15% YoY. The increase was the result of the growth of metal consumption in some industries, in particular in railroad, lifting and transport and agriculture machine-building. In 2017 Severstal expects steel demand in machine-building to grow by 12.5% YoY.…Details
In January-October Dneprospetsstal produced 140 thousand tons of rolled metal and 215.2 thousand tons of steel, up by 12% and by 9.5% YoY respectively. In October the output totaled 23 thousand tons of steel and 14 thousand tons of rolled metal. In 2016 Dneprospetsstal decreased output by 8.3% YoY, to 6.295 billion UAH. (Ukrainian metal)Details
The Federal Antimonopoly Service has opened a case against Kovdor Mining and Processing Works after Severstal’s report on the enterprise iron ore price increase in early 2017. The FAS has found out that Kovdor GOK is the only manufacturer in Russia of concentrate with 6% magnesium content. Its cost in January increased by 48% MoM…Details
The State Service of Geology and Subsoil has prolonged the special license to mine iron ore to Evraz Sukhaya Balka for 20 years, till November 7, 2037. The decision was taken on November 7. The granting of the license was the result of the Dniepropetrovsk district administrative court ruling, as well as the Supreme Administrative…Details