In H1 2017 Ferrexpo increased investments into Poltava, Yeristovo and Belanovsky Mining and Processing Works by 58.4% YoY, to 1.15 billion UAH. In particular, PGOK received 762.3 million UAH, Yeristovo GOK – 356.7 million UAH, and Belanovsky GOK – 26.4 million UAH. This year Ferrexpo intends to invest some $100 million more into its GOKs.…Details
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Belarus plans to set up one more industrial steel making plant, Belarus’ Vice Premier Vladimir Semashko said. According to the vice premier, the Belarus Iron and Steel Works started producing wire-rod mill in 2015. “With this line in operation, we have covered 60% of the needs of the domestic mechanical engineering sector. We satisfy the…Details
ArcelorMittal Kriviy Rih intends to construct 2 continuous casting machines for the manufacture of slabs. The project could start after the machines Nos. 2 and 3 are constructed. By April 2019 the construction and commissioning should have been complete. As the result, some 4 million tons of steel will be produced using the continuous cast…Details
By the end of the year Zagorsky Pipe Works will have supplied some 121 thousand tons of pipes to Gazprom. “Since May we have been manufacturing pipes for Gazprom. We have concluded several agreements for the delivery of pipes for repairs”, the company corporate communications deputy director Igor Gusenkov said. At present the capacities of…Details
As of September 10 the Vetrensky gold deposits in Tenkin city district of Magadan region yielded 357.8 kg of gold, up by 67% YoY. Last year as of September 10 Electrum Plus, a part of Susumanzoloto, mined 239.4 kg of gold. This year the group management set the output plan for the company on the…Details
In August the metal plating shop No. 2 of Cherepovets Iron and Steel Works produced 63 thousand tons of galvanized metal. The previous record of 60 thousand tons was set in May 2016. Last month the continuous hot alumining and continuous galvanizing mills operated at the maximum capacity. At the same time output increased because…Details
In 2016 consumption of large diameter pipes (LDP) decreased by 35.5% YoY, to 2.14 million tons, as the construction of new pipelines in Russia was slowed. At the same time the oil-and-gas pipes were in a stable demand, which was projected to remain in the near future following the increase of drills and the replacement…Details
Philips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. As a result of the modernization…Details
Mechel PAO reports a court decision that may have an impact on the value of Mechel PAO’s shares. According to court information, the Fifteenth Arbitration Court of Appeals left unchanged the decision to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles to recover Rostov Electrometallurgical Plant’s damages. The lawsuit…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 17 million tons of coal this year. The milestone ton was loaded on September 14 onto the Post-Panamax bulk carrier, Blue Wave, the 241st vessel handled since the…Details
Evraz Sukhaya Balka reports of the pressure on the enterprise on behalf of companies making obstacles on its way to get licenses for subsoil use. According to the company, it started the process of prolonging the license for 20 years on February 1, 2016, as it would expire in August 2016. But within 60 days…Details
ArcelorMittal Kriviy Rih has spent some 450 million UAH on the reconstruction of its converter No. 4 in the converter shop. Previously gas-purifying equipment has been replaced at converters Nos. 5 and 6. The project has been implemented within the reconstruction of the whole shop with the replacement of gas-purifying equipment, which is a key…Details
In January-August Ural Pipe Works increase pipes manufacture by 13.3% YoY, to 163.55 thousand tons. In particular, the company produced 111.81 thousand tons of oil pipes, up by 16.7% YoY, and 51.7 thousand tons of section pipes, up by 6.5%. Pipe sales increased by 12%, to 162.78 thousand tons. (Ukrainian metal)Details