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Magnitogorsk Iron and Steel Works’ (MMK) shipments of commercial metal products to the domestic market, including CIS countries, amounted to 9.029 million tons in 2018. This represents an almost 6% increase from the previous year. This constitutes the second largest shipment volume to the domestic market since 2014, when the shipments of metal products amounted…
DetailsEnergomashspetsstal is carrying out an order to supply rolls to Primetals Technologies, Austria, On March 6-7, the company successfully passed the inspection of a new batch of rolls for the hot-rolling mill-2200 of ArcelorMittal Lazaro Cardenas, Mexico. The experts checked the quality of 13 supporting rolls weighing 543 tons. This is the second batch of…
DetailsIn January-February Druza LLC produced 137.4 kg of gold in Irkutsk region, up by 3.4% YoY. At present the company is developing the Nevskoye gold ore deposit. Alluvial sites operation will start in May. Until the end of the year Druza intends to produce at least 1 ton of gold. Last year the company extracted…
DetailsThe sheet-rolling shop No. 2 of ArcelorMittal Temirtau has finished modernizing electric equipment of the thermal department. The cost of the project is 73 million tenge. The modernization consisted of several stages. The work allowed decreasing electric energy consumption. (Ukrainian metal)
Details5 years ago Severstal – Bar Works Balakovo produced its first steel. Since then 3.5 million tons of steel have been produced. The mini-mill comprises three rolling mills in one. The plant produces rebars and sections – altogether over 40 types and sizes. The company can also produce continuous cast billet with the size of…
DetailsBy October 2020, Evraz will have completed a technical upgrade of No. 6 Blast Furnace of their integrated steel works NTMK located at Nizhnij Tagil in the Urals. The modernization will concern all systems of the existing installation and enables increasing the nominal capacity by about 40% compared to the previous campaign design. With a…
DetailsIn 2018 Interpipe paid 2.17 billion UAH to the budgets of all levels, up by 14.8% YoY. In particular, the state budget received some 1.334 billion UAH, and local budgets – 454 million UAH. “In 2018 each ton of our products provided the Ukrainian budget with 2532 UAH”, the company CFO Denis Morozov noted. (Ukrainian…
DetailsRoman Abramovich’s Crispian Investments has sold Norilsk Nickel shares for some $551 million. At first the businessman intended to sell 1.25% of shares for $440 million, decreasing the Crispian share in the company from 6.37% to 5.12%. According to VTB Capital, 39% of the shares were purchased by investors from UK. Russian investors accounted for…
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