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
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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
In Q3 MMK-Metiz received 392.7 million rubles of net profit, down by 12% QoQ. In Q3 2016 the net profit was 160 million rubles. In January-September the company received 1.089 billion rubles of net profit. In the corresponding period of 2016 the net profit was only 270 million rubles. In Q3 revenue grew by 6%…Details
In Q3 Taganrog Iron and Steel Works received the net loss of 36.8 million rubles. In Q2 the net loss was 357 million rubles. And in Q3 2016 – 635 million rubles. In January-September Tagmet received 452 million rubles of losses, down from 962 million rubles in January-September 2016. Tagmet revenue in Q3 increased by…Details
In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY. According to the State Statistics Committee, in October gold output totaled 672.9 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)Details
AzerGold has signed an agreement with Enterprise Solutions Consulting Group LLC for the creation of the Enterprise Resource Planning (ERP) system. The cost of the contract is 180.76 million mantas. AzerGold was created on February 11, 2015. It is developing Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden iron- and gold-bearing sites as well as the Kyuryakchay basin.…Details
The environment prosecutors filed a suit to recover 47 million rubles from Irkutsk Aluminum Works for the damage done to the environment when using the industrial and household waste landfill. According to the prosecutors the company has violated the rules to manage wastes, resulting in the damage to the environment. Thus, the soil and trees…Details
In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles. Revenues decreased by 775 million rubles, to 55.1 billion rubles. Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)Details
The assembly of a huge ball mill has started in the rotary shop of Chelyabinsk Zinc Works. The 70-ton machine is used for dry milling of zinc-containing calcined rotary oxide and turning it into a homogeneous product. According to the company CEO Pavel Izbrecht, in 2018 ChTZ will spend some 400 million rubles on environment…Details
Karabashmed will assemble 4 new bucket cranes with the lifting capacity of 16 tons in its metallurgical shop. The new lifting machinery will decrease copper concentrate unloading time, increase the volumes of received concentrate and create conditions to improve output. The assembly of the cranes is scheduled for late December. As the result of the…Details