The Trading House Attika LLC was not able to sell the Armavir Electrometallurgical Works for 248.4 million rubles. The auction has been cancelled as no bidders participated in it. AEMZ was put up for sale in October. The lot included, among other things, the 85 ha land plot for construction of an iron and steel…Details
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In Q3 Seversk Pipe Works received 100.6 million rubles of net profit, as opposed to net loss of 42 million rubles in Q2 2017 and 396 million rubles in Q3 2016. In January-September the losses totaled 35.9 million rubles as opposed to net profit of 840 million rubles in January-September 2017. Sales in Q3 reached…Details
In 2018 the Tajik Aluminum Company plans to start developing the Konchochskay group of deposits. The deposits have large reserves of gold, silver, mercury, antimony and other metals. “In 2018 we will start mining and processing gold, silver and antimony”, the company said. TALCO obtained the license to develop the deposits in December 2015. The…Details
The number of faults in pipes supplied by Zagorsky Iron and Steel Works to Gazprom is the minimal in comparison with other pipe manufacturers. According to Gazprom, since late August and as of the first half of November, the ZTZ pipes fault index is 0.99% of the total supplies in the reporting period. That of…Details
Talnakh Processing Factory has repaired the belt conveyer No. 3. This is the main path for ore from Oktyabrsky and Taimyrsky mines to get to the factory. The machinery has been in operation since 1986, its length is 1695 m. The modernization of the conveyer allows managing the factory capacities that have increased to 10…Details
The metal machinery repair shop of Izhstal is 100 years old. In 1917 the main premises of the repair-mechanical shop were constructed. It also contained a smithy to produce horseshoes, nails, etc. In 1930s the shop organized a welding site, and after that the electrodes manufacture. During the war it produced parts for machine-guns and…Details
In January-September Russia exported 3.37 million tons of pig iron, down by 10% YoY, valued at $1.14 billion, up by 39.4%. According to the customs statistics, USA accounted for 65% of all exports, up by 24.2% YoY. Turkey imported 10%, up by 62.3%, followed by Italy with 6%, down 2-fold. In September Russia exported 675.3…Details
In January-October Belarus Iron and Steel Works increased hot-rolled seamless pipes output by 66% YoY, to 113 thousand tons. According to the company statement, in October pipe manufacture growth was 244.6% YoY. Steel smelting increased by 4.5%, to 1.92 million tons, metal cord – by 6.6%, to 79.6 thousand tons, RML wire – by 14%,…Details
Construction of a gold recovery plant and a tailing dump began at Jerooy deposit. According to the head of the State Committee of Industry, Energy and Subsoil Use, Ulan Ryskulov, the development of Jerooy deposit is one of the largest national projects that will have a great impact on the social and economic development of…Details
In January-October Severniy Mining and Processing Works sold 1.5 million tons of high iron content pellets to metal companies of Ukraine and Europe. The high-quality pellets have been produced following the experiments of using concentrate from two mining and processing works – Severniy and Ingulets. As the result iron content increased from 63.8% to 65%.…Details
The fourth batch of steam coal for the needs of thermal power plants (TPP) of PJSC Centrenergo has arrived in Yuzhny seaport (Odessa region), the port’s press service has reported. According to its data, the bulk carrier Ocean Dalian delivered 73,000 tons of coal. The report does not specify the coal grade, but Centrenergo previously…Details
The Internet-store of Severstal has been named the Best Internet-project of Russia in 2017. The e-shop was first unveiled in 2016. In January-October the store received 950 thousand tons worth of orders. In 2019 Severstal intends to start exporting through its online-store. (Ukrainian metal)Details
MMK has received the approval of the Federal Antimonopoly Service for the purchase of Lysva Iron and Steel Works with the capacity of 360 thousand tons per year. Back in September MMK reported that it was regularly monitoring the M&A market and was ready to discuss the acquisition of prospective assets. At present neither MMK,…Details