Russian aluminum giant UC RUSAL has focused on restoring temporarily lost ties with clients after the abolishment of the U.S. sanctions in late January, CEO Yevgeny Nikitin told Bloomberg on March 4. The company is currently in talks over contracts for 2020, he said. RUSAL has already resumed partnership with a number of clients, but…Details
On March 2, the bar-rolling shop No. 1 of the Oskol Electrometallurgical Works produced the 45-millionth ton of rolled metal.
The anniversary ton was the bearing steel rounds of 85 mm in diameter.
The rolled metal was shipped to a customer in Kazakhstan. (Ukrainian metal)
In 2020 Danieli will supply two new rolling mills to Russia. The first will be put into operation at the Abinsk Electrometallurgical Works. The capacity of the machine will be 600 thousand tons per year. The works will be able to produce wire with the diameter of 5.5 to 16 mm. Another machine will be…Details
Dneprometiz, the largest manufacturer of metal wares in Ukraine, will start producing wire with zinc and copper coating. “We have assembled a galvanizing machine at the plant. In June we’ll commission another one”, the company owner Sergey Tigipko said. “We have ordered a machine to apply copper coating. In January we put two mills into…Details
According to the Ministry of Foreign Affairs, a peaceful development of Afghanistan is underway, including the modernization of its transport and infrastructure networks. In particular, at present the North-South railroad is being constructed. Integra has won a tender for a site with the length of 43 km. Aktybinsk Rail and Beam Works has won another…Details
ArcelorMittal Kriviy Rih has purchased a locomotive TM2U-9043 that is already in operation and used in metallurgical process. In addition to that, the plant sent 5 locomotives to Nikolaev Locomotive Repair Plant for capital repair, and a tendering process for 5 more locomotives will start in the nearest time. Depending on the intensity of operation…Details
In 2018 Ukraine earned $2.9 billion on the sale of iron ore, having exported 36.8 million tons. In particular, Ukraine exported 21.1 million tons of non-sinter ore valued at $1.3 billion and 15.7 million tons of sinter ore at $1.6 billion. To America Ukraine shipped 0.2 million tons of ore at $16.579 million. US accounted…Details
In January Russia produced 5.79 million tons of steel, down by 4.5% YoY (5.87 million tons in December 2018). Ukraine, no longer a part of CIS, decreased output by 4.9%, to 1.85 million tons (1.885 million tons). Kazakhstan produced 360 thousand tons, down by 5.5% YoY (380 thousand tons). In January Belarus manufactured 220 thousand…Details
Under the program to diversify manufacture Chelyabinsk Zinc Works has produced a trial batch of tin-indium alloy. The POIn-52 alloy contains 52% of indium and 48% of tin. “The main advantage of the alloy is its low temperature of melting (121 degrees C). This allows it to unite thin wares, which are afraid of high…Details
At a meeting held on March 1, the Board of Directors of NLMK Group resolved to convene NLMK’s Annual General Shareholders’ Meeting (AGM) on April 19. The Board of Directors recommended shareholders re-elect Grigory Fedorishin as NLMK Group President (Chairman of the Management Board) and CEO. The following nine members were put forward for election…Details
Izhstal has capitally repaired the bar-wire mill-250, which accounts for some 40% of the plant output. The mill produces rolled metal in rods and coils with the diameter of 6.5 to 52 mm. The products are in demand by the enterprises of the car, aviation, machine-building, military and oil and gas industries. In 2018 the…Details
Karabashmed has started assembling metal structures and sites needed to operate four new moist electric filters in the sulfur acid shop.
The assembly will last for a month.
The electric filters will be commissioned in June. (Ukrainian metal)
At a meeting held on March 1, NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q4 2018 dividends of 5.80 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on April 19. This is equivalent to 100% of the company’s free cash flow based on…Details
The European Bank for Reconstruction and Development is no longer a Centravis shareholder. “For 9 years we have been in partnership with the bank. It has provided us with financial assistance during the crises, as we have been under pressure. In 2018 we bought out its share. But thus we received experience of working with…Details
NLMK Group announces the launch of its new Strategy 2022 and changes to its dividend policy. Strategy 2022 targets net gains of +$1.25 billion to EBITDA per annum, with $0.5 billion from operational efficiency programs that require no additional capex. Strategy 2022 is based on enhancing NLMK Group’s competitive advantages. Through operational efficiency initiatives and…Details
Coal produced in Russia-occupied Donbas, Eastern Ukraine, is shipped not only to Russia but also to Turkey and countries in Europe, namely the European Union member states, without the latter’s knowing that, as shipping documents are falsified to show that the coal is of allegedly Russian origin. “This does not mean that these countries intentionally…Details
In 2019, Italy will become a new export destination for Azerbaijan’s Ganja Aluminum Plant, a source at the company reported. The source noted that presently, almost all of the plant’s production was exported. “The company’s products are exported to a number of European countries and the former USSR countries, and in the coming months, exports…Details
“Downgrading of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan to an agency will bury the mining industry,” Chairman of the Mining and Metallurgical Trade Union Eldar Tadzhibaev declared. According to him, proposals on creation of an independent Ministry of Energy and the restoration of the State Agency for Geology and Mineral…Details
In January Russia produced 4.15 million tons of pig iron, down by 7.8% YoY (4.715 million tons in December 2018). Ukraine, no longer a part of CIS, decreased pig iron output by 9.6%, to 1.789 million tons (1.832 million tons). Kazakhstan produced 250 thousand tons of pig iron, down by 20.4% (260 thousand tons). All…Details
In 2019 Beringpromugol LLC plans to extract 750 thousand tons of coal in Chukotka. The company will be developing the Fandyushkinskoye field deposit. Last year the company received a license to prospect and extract at the Zapadniy site till September 2038, as well as prolonged its license for the Levoberezhniy site till 2038. In 2018…Details
On March 1 Belarus Iron and Steel Works put into operation a new machine to produce metal cord for bulk and extremely bulk tyres. The GCR machine was assembled in the steel wire shop No. 2. This is the only shop at the company to produce such a cord. It has improved strength because of…Details
The Uralelectromed powder shop has received a new Gecam mill.
The mill processes the surface of wares made of copper powder.
Previously wares were treated manually. The machine will do it 3-4 times faster and is expected to process some 20 to 30 thousand spare parts per month. (Ukrainian metal)
Ukrainian President Petro Poroshenko took part in the launch of a continuous casting machine No. 4 of the Mariupol Ilyich Iron and Steel Works. “I was pleased to learn that the company had a sharp increase in wages in the second half of 2018. And the average salary at the enterprise is UAH 18,000 ($670).…Details
Verkhovna Rada has approved as a whole the decree to decrease the ferrous scrap shortage on the domestic market by increasing the scrap export duty from 42 euro to 48 euro per ton and prolonging it for three years. 234 members of the Parliament voted in favor of the decree. This is the third decree.…Details