Chelyabinsk Iron and Steel Works has smelted the first large billet weighing 50 tons. The new technology to produce super-sized billets of special steel grades will allow ChMK to enter a new market and sell locally, as well as export. There are not many companies in the world capable of producing such billets, as the…Details
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Dneprovsky Iron and Steel Combine is finishing preparations to start operations. According to the company technical director Konstantin Nesvet, on July 21 it is planned to start loading the blast furnace No. 9. The converter shop started receiving water for cooling, and the section rolling shop prepares to put its heating furnace into operation. Raw…Details
Black Iron (Canada) intends to prepare a new feasibility study of the project to create the iron ore concentrate manufacture at the Shimanovskoye deposits in Dniepropetrovsk region. The company has attracted BBA Inc. to prepare the study. The document is expected to be complete at the end of the year. “The current exchange rate has…Details
The Panyutino Car Repairing Works, a subsidiary of Ukrzaliznytsia, has ordered the Kremenchuk Steel Works the delivery of side frames and bolsters valued at 79.32 million UAH. By the end of the year the company will have supplied 2 thousand side frames valued at 26.92 thousand UAH apiece and 1 thousand bolsters at 25.34 thousand…Details
In January-June Evraz Dneprovsky Iron and Steel Works produced 388 thousand tons of steel, down by 30.7% YoY. Rolled metal output dropped by 29%, to 323 thousand tons, including 197 thousand tons of semi-finished products, down by 25.1%. The company decreased pig iron output by 8.9%, to 489 thousand tons. According to Evraz, the output…Details
Bratsk Ferroalloy Works, LLC has started reconstructing the ferroalloy furnace No. 3. The repair will result in the 30% increase of output and a 10-13% decrease in energy consumption. Reconstruction will cost some 1 billion rubles. In addition to new equipment the company intends to assemble 530 tons of metal structures, use 640 cubic meters…Details
ChTPZ Group will supply some 400 tons of steel pipes and over 25 tons of offsets to the Georgian Gas Transportation Company. The batch will include large diameter welded pipes, as well as seamless hot- and cold-deformed pipes and 60 types of offsets. All the products will be supplied in July. The pipes will be…Details
Novgorodsky Iron and Steel Works is preparing for the scheduled repairs of its MAERZ furnace, the main copper-smelting machine of the enterprise. The furnace will be put out of operation in late July. The repair is expected to be carried out in 7 days. The work will be carried out by NMZ employees. The capacity…Details
The net profit of Severstal plunged by 62.1% QoQ, to $163 million in April-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on July 20. But revenue increased by 9.3%, to $1.931 billion and EBITDA rose by 8.8%, to $629 million. In January-June, the net profit of the company…Details
Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov commented on reduction in the share of Kyrgyzstan in Centerra Cold Inc. Earlier it was reported that share of Kyrgyzstan decreased by 6% because of the additional issue of shares. According to Almaz Alimbekov, the additional share issue of Centerra Cold Inc. will allow Kyrgyzaltyn to receive…Details
Ukraine: Energy Ministry to make legal arrangements for Turkish companies’ coal purchase from uncontrolled areas
Ukraine’s Energy and Coal Industry Ministry plans to make legal arrangements towards Turkish companies that buy coal from the areas temporarily not under control of the Ukrainian government, minister Ihor Nasalyk reported. “The ministry sent letters to the embassies of eight countries where coal from the ATO zone could be sold. The most problematic is…Details
Ukraine will do without anthracite coal in 18 months, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “In 18 months we would not raise the issue of anthracite coal purchases for thermal power plants (TPPs). We would still have to buy it for combined heat and power plants (CHPPs),” he noted. Nasalyk said…Details
Nornickel, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report, detailing the company’s sustainable performance in 2016. In 2016, Nornickel increased its total spending on environment protection, asset modernization with positive environmental impact and current environmental expenses by 8.9% YoY, to RUB 25.7 billion ($383 million). The…Details