German cartel office has granted Interpipe and Vallourec the right to create the joint venture in Europe. The decision was taken on October 26, and published on November 5. The companies appealed for the JV creation on October 4. In Germany Vallourec owns Rath, Reisholz, Milheim an der Ruhr and 20% in Huttenwerke Krupp Mannesmann.…Details
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Vysochaishiy (GV Gold) has completed the deal on advance purchase of 5.26% of its shares from the European Bank for Reconstruction and Development. The shares were transferred to Sakha GoldMining. The final payment was $39 million. The total cost of the shares was $62 million. According to the agreement signed in December 2015, EBRD was…Details
Uchaly Mining and Processing Works is finishing the modernization of the electricity consumption automated monitoring system. This is the first stage to implement the automated system of energy resources usage monitoring. Over 300 new devices to control and monitor electricity consumption have been assembled in the shops. The company intends to decrease electricity consumption by…Details
In January-October Ukraine imported 15.082 million tons of coal valued at $2.151 billion. According to the State Fiscal Service, Russia supplied $1.198 billion worth of coal (55.7%), USA – $546.822 million (25.42%), Australia – $116.423 million (5.41%) and other countries – $289.782 million (13.47%). At the same time Ukraine exported $48.741 million worth of coal…Details
USA have imposed preliminary antidumping duties on the import of steel wire from Ukraine, as well as Italy, South Korea, South Africa, Spain, Turkey and UK. Preliminary duty is set from 2.8% to 142.26%. Final size of the duty will be announced on January 8, 2018. At the same time, the final decision on Turkey…Details
The main way of producing steel in October was oxygen-converter method, accounting for 71.7% (1.36 million tons out of 1.896 million tons). Then comes open-hearth furnace with 22.12% (419 thousand tons), followed by electric arc furnace (6.18%, 117 thousand tons). In January-October oxygen-converter shops produced 12.3 million tons of steel out of 17.7 million tons…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 9.8 million UAH. Until the end of the year the company will have transported 70 thousand tons of uranium ore from the Novokonstantinovskaya mine to Ingulskaya mine and 20 thousand tons of aggregate (inert materials) back.…Details
The new owner of Dneprometiz has not applied to the Antimonopoly Committee of Ukraine for the right to buy the controlling packet of shares. “In case such an appeal is received, we will review it and make a corresponding decision according to the current legislation”, the committee said. (Ukrainian metal)Details
Revda Non-Ferrous Metals Processing Works has received a new crucible melting furnace. All the parts are still unpacked, as the engineers of the smelting shop No. 1 are studying the documents. The new furnace will, among other things, decrease air pollution. With the new machine it will be easier to produce multi-component aluminum alloys. Their…Details
Cherepovets Iron and Steel Works has completed the capital repairs of the converter complex No. 2. The cost of works totaled 70 million rubles. “The capital repair of the complex is carried out each 6 months. This time the repairmen were able to hit a record – they finished all the work 3 days earlier…Details
Management of Russian Aluminum Association has held negotiations with the management of Japan Aluminum Association in Tokyo. The Japan party was presented detailed information on technological parks being created in the cities of Krasnoyarsk and Volgograd as well as the Republic of Khakassia, ways to establish manufacture there, privileges, etc. The parties also discussed cooperation…Details
RUSAL announces the launch of its bespoke new low-carbon aluminum brand, ALLOW, which features a significantly lower carbon footprint – specific volume of greenhouse gas emissions – as compared to the industry average. As demand amongst consumers grows for more sustainable and environmentally friendly aluminum, RUSAL has seized on the opportunity to utilize its unique…Details
The Economic Court of Dnipropetrovsk region has decided to liquidate PJSC Nikopol Pipe Plant (Dnipropetrovsk region) during the year. According to the company’s official information, the court made the relevant decision on November 2. The term of the liquidation procedure is 12 months. In addition, it is reported that the value of the company’s net…Details