Zagorsky Pipe Works has won the right to conclude a long-term contract for the delivery of pipe products for the new nuclear power plant in Leningrad region. Within a year ZTZ will supply over 5 thousand meters of insulated pipes with the diameter of 1220 mm and the wall thickness of 12 mm. This is…Details
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Karabashmed has repaired the chemical-metallurgical complex. In addition to repairing machinery in the metallurgical, sulfur acid and power shops, the company has also assembled two new Kumera converters. Since 2004 Russian Copper Company has invested over 18 billion rubles in the modernization and environment safety improvement of Karabashmed. In 2018, 2 billion rubles more will…Details
Sergey Belan, the ex-director of Moskoks, a part of Mechel, has been appointed the managing director of Yakutugol, also a part of Mechel. The previous managing director Igor Khafizov was in August appointed director of Mechel-Mining in the Republic of Sakha (Yakutia). Pavel Stark, Mechel-Mining LLC CEO, said: “The new managing director of Yakutugol Sergey…Details
In 2018 the Atmosphera mobile environment laboratory will be working on weekends and holidays and will increase its route. According to the city council people’s deputy and the chairman of the social protection, health protection and ecology commission Maxim Borodin, Mariupol Ilyich Iron and Steel Works and Azovstal have considerably decreased their buffer zones, thus…Details
In January-September Severstal received $792 million of net profits, down by 39.4% YoY. EBITDA grew by 31.8%, to $1.823 billion, revenue – by 32.9%, to $5.67 billion. In Q3 net profits increased 2.2-fold QoQ, to $297 million. EBITDA dropped by 2.1%, to $616 million, revenue grew by 2.1%, to $1.972 billion. As of September 30,…Details
The board of directors of Russian steelmaker Severstal has recommended paying 35.61 rubles per share, or 29.83 billion rubles, in dividends for July-September, the company said in a statement on October 17. The shareholders will discuss the recommendation at an extraordinary general meeting on November 24. The register for the meeting closes on October 30.…Details
PJSC Magnitogorsk Iron and Steel Works and Foundation for development of the New Technologies Development and Commercialization Center at the Skolkovo Foundation have signed an agreement to establish the MMK Research Center at Skolkovo. The agreement was signed by MMK CEO Pavel Shilyaev and President of the Skolkovo Foundation Victor Vekselberg. MMK plans to invest…Details
In 2018 Pobuzhye FerronickelPlant intends to use some 110 million UAH of investments. “The invest program for the next year is being prepared and will be approved in late October. But we expect its amount on the level not less, than this year”, the company CEO Oleg Bespaly said. According to him, this year the…Details
In January-August Russia exported 27.322 million tons of ferrous metals, down by 4.65% YoY. Far foreign countries imported 23.3 million tons. Exports of ferrous metals without pig iron, ferroalloys, wastes and scrap totaled 19.062 million tons, down by 1.47% YoY. Far foreign countries imported 16.148 million tons. Carbon steel semi-finished products exports reached 9.374 million…Details
In January-September Kapan Mining and Processing Works processed 389 thousand tons of ore. In Q3 ore processing totaled 149 thousand tons against 112 thousand tons in Q3 2016. Gold contents in 1 ton of ore in Q3 were 2 g, down by 15% YoY, silver contents – 35 g (-27%), copper – 0.27% (-14%), and…Details
Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…Details
Severstal is increasing the rolled metal storage capacities at the industrial port of Cherepovets Iron and Steel Works by one third. The new hangar (135 x 24 x 14 m) will be made of metal frame weighing over 90 tons, over which an awing cover with double sided PVC coating will be put. With the…Details
In September Coal Energy S. A. (Luxembourg) with assets in Ukraine decreased coal output by 77.8%, or by 33.779 thousand tons YoY, to 9.628 thousand tons. At the same time output dropped by 6.9% MoM, or by 716 tons. Coal Energy has 10 coalmines, as well as processing assets. The company business has been seriously…Details