Revda Non-Ferrous Metals Processing Works has received the first 3 of 8 trawlers with bulk parts of SMS Group (Germany) pressing line. The parts have been traveling for some 30 days. To unload the bulk parts of the press a special crane with the lifting capacity of 250 tons has been ordered. The heaviest part…Details
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Karabashmed is finishing the commissioning of the new mechanized raw copper pouring line. The trial starts of the line demonstrated a 2-fold decrease of pouring time – from 2 hours to 1. “This has allowed us to increase output and decrease delay time of the converter when the metal is poured. Previously because of the…Details
The state enterprise Ukrzaliznytsia has ordered Metinvest-SMC LLC the delivery of rails valued at 682.27 million UAH. This year the company has to supply 26 thousand tons of R-65 rails of K76F steel with the length of 25 m at the price of 26240 UAH per ton. In June Metinvest sold such rails 7% cheaper…Details
In Q3 Tulachermet, the largest pig iron manufacturer in Russia, received 223.5 million rubles of net profit. According to the company statement, Q2 saw the net loss of 427 million rubles. In January-September the net loss totaled 672.6 million rubles as opposed to 1.6 billion rubles of net profit in 9 months of 2016. Revenue…Details
Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, has attracted a 3-year $195-million loan. The loan has been organized by BNP Paribas and issued by 6 international entities. The loan has to be repaid by December 31, 2020. In January-September Ferrexpo exported 7.526 million tons of pellets. In 2016 the group received $189.2 million…Details
According to the Russian Steel Association, in 2017 local steel consumption will grow by 5.5% YoY. The previous forecast, published in June, presupposed the growth of steel consumption by 2%. “The positive dynamics of metal consumption is shown by the machine-building sector – 14%. Steel consumption by car manufacturers will increase by 9%, and by…Details
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, was recognized in the 20th Annual Report Competition organized by the Moscow Exchange and RBC Group. NLMK topped the Best Annual Report in Metals & Mining category. NLMK also received a special Long-Standing Leadership award. NLMK Group is committed…Details
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, received a gold medal at Metal-Expo’2017, the 23rd international industry awards, for its integrated dust emission control project at the Lipetsk site. The project enabled a 6% reduction in gross dust emissions. The project covers 12 initiatives executed across…Details
Metinvest Group decided to purchase 1,800 open wagons in 2017 and 2018. The company will almost double its railcar fleet up to 4,000 cars. The decision is driven by the need to curtail a negative effect on the group from the shortage of rolling stock in Ukraine, which resulted, inter alia, from lower turnover of…Details
Energomashspetsstal will produce another batch of supporting rolls for ArcelorMittal European companies. In particular, for AM Galati (Romania) EMSS will produce a supporting roll weighing 147.56 tons. The company is preparing to cast the 355-ton ingot, from which the roll will be made. The roll will be used in the 4300-plate-rolling mill. According to the…Details
In January-October the quantity of unwrought gold extracted in Kazakhstan equaled to 70.248 kg, up by 15.5% YoY. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the output of unwrought silver amounted to 870,911 kg, down by 12.8% YoY. (Kazinform/Ukrainian metal)Details
Holders of $500 million worth Eurobonds of the Russian oil and gas pipe producer TMK have agreed to change conditions of a 2020 issue sold at 6.75%, the company said in a statement on November 16. In late October, the company offered several changes to the conditions, including a release of TMK’s U.S. subsidiary IPSCO…Details
In October Evraz ZSMK delivered 566 thousand tons of products via railroad to local customers and abroad, up by 6.8% MoM and by 5.2% YoY. In September the results were up by 23% and by 7% respectively, while in August – up by 6.5%, but down by 7.5%. In October Evraz ZSMK supplied 170.3 thousand…Details