On February 10, 163 million UAH were transferred to clear salary debts to state miners. According to the Ministry of Energy and Environment Protection, the money will cover December 2019 wages. Among others, the money will be spent to pay wage arrears to the employees of the Mine named after Surgay, Yuzhnodonbasskoye Mine Group No.…
DetailsIn early February another inspection of products manufactured for the construction of the Kudankulam Nuclear Power Plant was held at Energomashspetsstal. The inspection has been carried out under the program of quality control presupposed by the agreement. EMSS started working on the Indian order in 2016. (Ukrainian metal)
DetailsIn 2019 Izhstal sold some 48 thousand tons of metal products to car manufacturers, up by 11% YoY. The main customers were GAZ, UAZ, MAZ, Minsk Tractor Works and Kamaz. “The share of car manufacturers in our sales exceeds 19%. We value our partner relations with them and are prepared to enhance them”, Izhstal sales…
DetailsIn January Krasnoyarsk Railroad transported 7.226 million tons of cargo, down by 9.8% YoY. In particular, transportation of coal decreased by 4.2%, to 5.2 million tons. At the same time the railroad transported 451.7 thousand tons of non-ferrous ore and 76 thousand tons of iron and manganese ore, up by 1.6% and by 6.3% YoY…
DetailsIn January Kosaya Gora Iron and Steel Works sold 36,431 tons of pig iron, up 1.85-fold YoY. Ferromanganese sales grew by 0.9 thousand tons, to 6.2 thousand tons, while manufacture – by 0.4 thousand tons, to 6 thousand tons. KMZ exports its products to CIS, Europe, Near and Middle East, as well as Asia. (Ukrainian…
DetailsOn February 7, VSMPO-Avisma held a meeting dedicated to the 60 years of titanium manufacture. The history of the plant began on February 7, 1960. In 2019 the corporation produced the record volume of spongy titanium – 44 thousand tons. (Ukrainian metal)
DetailsIn December 2019 – January 2020 Severstal supplied 50 thousand tons of corrosion-resistant strips to Zagorsky Pipe Works. The strips were produced at the mill-5000 in Kolpino. Pipes made of such strips could be used at the temperature of –20 degrees C. (Ukrainian metal)
DetailsZagorsky Pipe Works ships large-diameter pipes for the construction of a gas pipeline on the territory of Uzbekistan and Tajikistan. The customer is Epsilon Development Company (Uzbekistan). According to an agreement, ZTZ has to supply 50 thousand tons of pipes. This was the first delivery to the company in both countries. The pipes will be…
DetailsIn January Ukraine exported 3.96 million tons of iron ore raw materials valued at $284.33 million, up by 25.7% and by 21.2% YoY respectively. According to the State Tax Service, the main customers were China (49.11%), Poland (10.75%) and Austria (6.58%). Ukraine imported $28 thousand worth of iron ore raw materials from the Netherlands and…
DetailsIn 2019, the economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to 585.4 million rubles, up by 29% YoY. The importance of innovation in today’s global industry determines the need for companies to pay special attention to the development of rationalization and invention. In this regard, rationalization activities are…
DetailsThe government can give the Russian Direct Investment Fund (RDIF) $1 billion from the National Wealth Fund on joint production with Middle East investors of platinum group of metals by Arctic Palladium. The project, to be launched in 2024, is a joint venture between Norilsk Nickel and Russian Platinum of businessman Musa Bazhayev. The beneficiary…
DetailsThe former Karaganda foundry is being revived. The plant has been renamed to Qaz Carbon LLP. According to the plant’s management, the new factory has created new 1200 jobs. It is 100% Kazakhstan content. A large-scale modernization of the plant is still underway. Outdated equipment including coke cupola furnaces was replaced. New induction furnaces have…
DetailsSome products of the Belarusian steel mill BMZ have been exported to Poland via the Belarusian Universal Commodity Exchange (BUCE), the BUCE press service has reported. As much as 2,000 tons of steel reinforcing bars made by BMZ and worth EUR 731,000 were sold to Poland in two trade sessions (in December 2019 and January).…
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