In September Russia exported to Europe 208 thousand tons of coal, illegally taken from the occupied districts of Donetsk and Lugansk regions. This is up by 18% MoM, or by 33 thousand tons. According to a source among Russian coal traders, in August-September coal exports were hindered by the Russian Railroads limitations. (Ukrainian metal)Details
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The Ministry of economic development and trade has officially confirmed the imposition of a 5-year antidumping duty by the Eurasian Economic Commission on the Metinvest hot-rolled angles in the volume of 37.89%. The EAEC decided to impose antidumping duties on the imports of hot-rolled steel angles originating from Ukraine under the codes of 7216210000, 7216401000,…Details
Abinsk Electrometallurgical Works has completed the modernization of its arc-furnace shop. The project saw the reconstruction of the arc-furnace, stove-busket as well as the continuous-cast billet machine. As the result the company will increase the manufacture of 130 and 150 mm billets from 1.2 million tons to 1.5 million tons. The works will also be…Details
In January-June Metinvest increased EBITDA by 45% YoY, to $839 million. According to the group statement, earnings increased by 36%, to $3.913 billion, but net profit fell by 20%, to $72 million. The EBITDA growth was the result of the increase of sales prices ($1.192 billion), EBITDA share increase in joint companies ($69 million), as…Details
SOGAZ will insure Severstal property for 113 billion rubles. In particular, the company will insure the assets of Severstal, Severstal-Metiz, Orel Iron and Steel Works, Severstal steel ropes, Izhora Pipe Works, Severstal Pipe-Section Works Sheksna, Karelsky Okatysh and Olkon. The mining and property complexes, as well as special machinery, railroad wagons, automobiles will be insured…Details
Severstal has chosen the supplier of the hot-rolled strip surface quality control system for Cherepovets Iron and Steel Works. ISRA Parsytec GmbH will supply, assemble and commission four quality control systems. “The investment project with the total value of over 180 million rubles is aimed at improving the quality of the cold-rolled metal surface, as…Details
Russian gold producer Polymetal International has increased gold reserves of the Komarovskoye field in Kazakhstan by 57%, to 1.374 million ounces, or 42.7 tons, Polymetal said in a statement on October 11. The reserves were calculated under the 2012 JORC standards and “incorporate data from 387 diamond drill holes completed after Polymetal had agreed to…Details
In January-September Pervomayskugol decreased coal output by 48.1%, Lisichanskugol – by 14.2%. According to the Ministry of energy and coal industry, Pervomayskugol mines extracted 129.9 thousand tons of coal, while Lisichanskugol – 148.3 thousand tons. All in all coal output in Ukraine in 9 months decreased by 11.5% YoY. (Ukrainian metal)Details
Kuzbass is the main coalmining region of the country. In 2016 out of 385 million tons of coal mined in Russia the region supplied 59%, with 75% being coking coal. The regional authorities together with coal companies and Russian Railroads have carried out an important work on increasing coal deliveries. Thus, in 9 months some…Details
MMK Trading House LLC is expanding the sales of its sections for major construction projects. In August the company supplied profiled sheeting for the construction of the TMK scientific-technical center in Skolkovo, as well as delivered galvanized sheeting to a number of cattle-breeding projects under construction in the Central region. The volume of the delivery…Details
Izhorsky Pipe Works has completed the scheduled repairs in its electric welding shop. The work lasted for 3 days. According to the company statement, some 150 specialists participated in the repairs. “The repairmen demonstrated an efficient team work. The repair will provide for the faultless operation of the shop and prolong the lifetime of the…Details
The Stoylensky Mining and Processing Works has replaced an old crushing mill with a new KKD1500/180 machine. The capacity of the new mill is 1.9 thousand cubic meters per hour. The machine was manufactured by Uralmashzavod. The record-short time assembly allowed the company to keep output on the planned level. At present the new crushing…Details
Severstal announced its operational results for Q3 and the 9 months of 2017. Hot metal output remained almost unchanged at 2.23 million tons (Q2 – 2.24 million tons) compared with the previous quarter, whereas crude steel production was up by 4% at 2.94 million tons (2.83 million tons). Crude steel output at CherMK in Q2…Details