Omutninsk Iron and Steel Works is carrying out its program of technical revamping. At present the company is preparing to modernize its steel-smelting capacities, in particular repair its open-hearth shop premises. OMZ faced a shortage of steel because of the increase of rolled metal capacities with the mill-500 being put into operation. To balance the…Details
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In January-June, according to the customs statistics, Russia imported 130.4 thousand tons of strips from Austria. In June imports totaled 13 thousand tons, in May – 30.7 thousand tons, the largest volume since October 2016, when Russia started importing strips from Austria. The main customer is Vyksa Iron and Steel Works, which supplies large diameter…Details
The State Security Service has uncovered officials who have bought equipment for a Volyn region state mine in the pro-Russian terrorist-occupied Donbass. An official was born in the now temporarily occupied regions. And he has bought equipment valued at 25 million UAH from a company registered in the so-called Donetsk People’s Republic. To adapt the…Details
In January-June, according to the State Statistics Service, Ukraine imported 826.753 thousand tons of coal valued at $77.11 million. In particular, Russia supplied 90.8% of the total volume (750.861 thousand tons valued at $70.8 million). Imports from the South African Republic totaled 75.886 thousand tons valued at $6.299 million. At the same time Ukraine exported…Details
On May 18 – August 18 Metinvest has paid $14.136 million of interest income on new eurobonds with the maturity date of December 31, 2021. The sum consists of $8.445 million of guaranteed interest income at the rate of 2.793%, as well as a part of 6.7595% interest income, paid only if the company has…Details
This year the gold-extracting company Priisk Karakkansky LLC has to get some 70 kg of alluvial gold at its sites. In 2016 the company obtained 382 kg of gold. The considerable drop in the output is the result of the dwindling reserves at the sites. The company has not purchased new licenses yet, and keeps…Details
In June the gold-extracting company Susumanzoloto acquired 100% of the Nedra LLC shares, which owns the license to develop the Shturmovskoye deposits. The project presupposes the construction of a factory with the capacity of the first stage at 200 thousand tons of ore per year. The mine design has already been prepared and it is…Details
Korolevsky Pipe Works LLC has opened a sales office in the city of Krasnodar. At present the company is recruiting managers for the new office. At the premises of Tekhmash and Noviy Kubansky Profil LLC, Korolevsky Pipe Works manufactures section pipes of various sizes according to GOST 8645-68 and GOST 8639-82 of cold- and hot-rolled…Details
Saranskcable is putting metal manufacture into operation. The company intends to produce aluminum and copper castings and rolled goods with the capacity of 5 thousand and 10 thousand tons per year respectively. Thus the works plans to cover its own needs in aluminum and copper wire rod. The investment volumes have not been disclosed. At…Details
Uralskaya Kuznitsa has confirmed the correspondence of its certificate to produce materials to be used in aviation industry. The inspection has been carried out by the Aviaregistry of the Interstate aviation committee (AR MAK) and the State regional center of standartization, metrology and certification. The inspectors have checked the quality management system, manufacturing processes and…Details
In January-June Asha Iron and Steel Works received 353.2 million rubles of net profit, down by 19% YoY. According to the company statement, its income increased by 31%, to 11.16 billion rubles. Hot-rolled plate sales totaled 8.7 billion rubles, or 78% of the volume. Rolled sheet sales reached 15%, or 1.7 billion rubles, up by…Details
TMK and ChTPZ, accounting for some 45% of Russian large diameter pipes manufacture, decreased local sales because of Gazprom lowering its purchases. In H1 TMK increased earnings by 11% YoY, to $1.54 billion, yet the seamless pipes increase was chiefly countered by the considerable drop in revenue from the sales of welded pipes. In particular,…Details
Ukraine: evidence of removing coal from uncontrolled areas reason for filing claims to international courts
Deputy Minister for Temporary Occupied Territories and Internally Displaced Persons Heorhiy Tuka has said that if there is evidence of shipping coal from the Ukrainian temporarily uncontrolled areas in Donetsk and Luhansk regions to Russia, this could be a reason for filing lawsuits to international courts. “These events are not in line with international requirements.…Details