Kosogorsky Iron and Steel Works increases ferromanganese sales to the local market and abroad. In 9 months sales increased by 5.2 thousand tons YoY. In particular the local market and neighbor foreign countries received 46.8 thousand tons, and to far foreign countries the company exported 0.3 thousand tons. (Ukrainian metal)Details
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In January-September Krasnoyarskugol mined 4.4 million tons of power-generating coal, up by 12% YoY. The increase is explained by the positive dynamics on the coal market. Analysts say that coal consumption by major power companies has increased, as have the exports. “Coal remains the cheapest and the most trusted type of fuel. According to our…Details
Orlovsky Steel Rolling Works, a part of Severstal-Metiz, has shipped another batch of fasteners for the construction of the Yekaterinburg-Arena. Screws and M20 nuts will be used in assembling spectator stands for the World Cup 2018. This is not the first batch of the company fasteners to this arena – previously the company has already…Details
The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…Details
The situation favorable for investments in metal industry is possible only in 3-5 years. “Most companies now invest in vital projects. Investments in the sector now amount not to billion dollars, but to hundred millions”, Mechel CFO Sergey Rezontov said. According to him, in the past several years there have been almost no new investment…Details
Miners of the Neryungrinsky pit, a part of Yakutugol, have shipped the 350-millionth ton of coal since the company has been put into operation. The previous milestone – 340 million tons – was reached in 2016. The first train with coking coal was sent to consumers on October 26, 1978. (Ukrainian metal)Details
The Olenegorsky Mining and Processing Works has started assembling machinery of the crushing and sorting complex to produce crushed stone. Commissioning is planned for October. The specialists will have to assemble 3 crushers and 16 conveyors of 15-18 meters depending on the crushing fraction. There will also be a laboratory. “The Metso crushing and sorting…Details
Chelyabinsk Iron and Steel Works has put into operation the slab-heating furnace in the rolling shop after repairs. The machinery is a part of the chain to produce high quality steel sheet. The cost of the repair was some 2 million rubles. The repaired furnace heats slabs before they are rolled at the 2300/1700 mill.…Details
In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…Details
Miners of the Novovolynskaya No. 9 and Buzhanskaya mines have been striking for two days, refusing to go underground. They demand payment of salary for July and August. They also want Alexander Zorin to remain the CEO of the state enterprise Volynugol. According to some sources Andrei Pilipyuk could become a new general director. The…Details
In January-September DTEK Energo mined 16.9 million tons of coal, up by 10.5% YoY. In September the group mined 1.8 million tons, on the August level. “The DTEK coalmining enterprises operate at full capacity, so that during the heating seasons Ukrainians receive heat and light without failures”, the DTEK Energo mining director Mikhail Barabash declared.…Details
According to the decision of the Eurasian Economic Commission, the antidumping duty on Ukrainian hot-rolled angles will be 37.89%. The decision will come into effect in 30 days after its official publication, but not earlier than October 11. In May it was decided to impose a preliminary antidumping duty for 4 months (till October). With…Details