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In the next three years Metinvest is going to buy 50 BelAZ quarry dump trucks with the lifting capacity of 30-50 tons and over 130 tons. According to the group statement, Metinvest and BelAZ have signed an agreement for long-term cooperation. Within 3 years BelAZ will be supplying Metinvest with trucks and spare parts. At…
DetailsIn January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…
DetailsThe U.S. Department of Commerce has introduced a prohibitive antidumping import duty on carbon and alloy steel wire rod from Belarus, Russia, and the United Arab Emirates following an investigation, it said on November 22. The duty will be set at 280.02% for imports from Belarus, at 436.8-756.93% for imports from Russia and 84.1% for…
DetailsA 63 MVA power transformer manufactured by Power Machines – Toshiba. High-Voltage Transformers (PMTT) was shipped in September to the Cherepovets Iron and Steel Works. It was shipped within the framework of the reconstruction of the main step-down substation No. 2. The new equipment is to replace an aging unit, which has already exceeded its…
DetailsBelarus is among the world’s top ten metal cord manufacturers, the press service of Belarus Iron and Steel Works (BMZ trademark) reported. On November 21, BMZ celebrated the 30th anniversary of the launch of steel plant No. 1 and the start of metal cord production in Belarus. BMZ produces and sells metal cord, the main…
DetailsThe Arbitration Court of the North Caucasus Federal District has voided rulings of previous courts to charge metals producer Mechel 12.7 billion rubles in favor of Dutch company Atrix, owner of the Rostov Electrometallurgical Plant. In July, the Arbitration Court of the Rostov region ordered LLC NK Invest, Mechel-Steel, Mechel, and Mechel-Mining to redeem 5.085…
DetailsIn Q3 Novosibirsk Iron and Steel Works named after Kuzmin received 65.5 million rubles of net profit. The previous quarter ended with the net loss of 153 million rubles. In Q3 2016 the profit was 50 million rubles. In January-September NMZ losses amounted to 161.7 million rubles as opposed to 206 million rubles of net…
DetailsIn January-October the average delivery of ferrous metals scrap via railroad to metal works was 4.7 days, down by 1.3% YoY. The longest delivery (5.8 days) was in 2012. This year for batches of up to 260 tons (76% of all the deliveries) the speed was 4.8 days, for 260-520 tons (16%) – 4.2 days,…
DetailsBy the end of 2017 Norilsk Nickel plans to have increased its specialized palladium fund to 600 thousand ounces (18.7 tons). Global Palladium Fund was created in 2016 to develop the demand for metal and decrease market volatility and price risks. Earlier Nornickel reported that in H1 it purchased over 5 tons of palladium (some…
DetailsOrmet has completed the main construction works at the underground mine Djusinsky. In early December the main ventilation machinery will start operating to provide fresh air to the mine. After that the company will have to assemble electricity network and commission all the objects constructed. This will be done roughly in a month and a…
DetailsIn January-September Berezitovy Mine LLC, a part of Nordgold, yielded 2407 kg of gold, up by 32% YoY. In particular, in Q1 the company produced 833 kg of gold, in Q2 – 459 kg, in Q3 – 765 kg, up by 41% YoY. The increase is explained by the growth of gold content in ore…
DetailsSeverstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop). The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH. The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)
DetailsVolzhsky Pipe Works has finished the scheduled modernization of the main sites at the pipe-rolling shop No. 3, which produces hot-deformed seamless pipes for oil and gas industry. In particular, the sites of the pipe hot-rolling and casing pipes treatment have been modernized. The works have considerably improved the operating characteristics of the shop machinery.…
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