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The Irkutsk industrial company MetalActivgroup has modernized its manufacturing capacities and increased metallized pellets and DRI output. This is the only enterprise in Russia to produce metallized pellets and DRI of magnetite ore using coal. In 2018 the company attracted a loan of 28 million rubles to buy machinery. 12 million rubles were provided by…
Details2 miners have perished at the Yubileynya mine of Sukhaya Balka. The accident happened at 7 a.m. after a night shift at the depth of 1340 meters. The miners died of gas. The bodies are still in the mine. The conditions of the accident are being determined. (Ukrainian metal)
DetailsIn January Ukraine exported 40.6 thousand tons of pipes, down by 10.9% MoM, valued at $48.7 million. According to the State Fiscal Service, the pipes share in the total export was 1.19%. Seamless pipes accounted for 31 thousand tons ($42.8 million), other pipes and tubes – 8.7 thousand tons ($5.3 million) and other pipes and…
DetailsAccording to the Statistics Committee of the Ministry of the National Economy, in January Kazakhstan produced 223.8 thousand tons of steel, down by 41.3% YoY. Flat rolled metal manufacture dropped by 72.3%, to 69.932 thousand tons. Ferroalloys output grew by 5.4%, to 180.573 thousand tons. (Ukrainian metal)
DetailsEnergomashspetsstal has received a new order from ArcelorMittal – Belval & Differdange to produce and supply 4 working rolls for the hot-rolling mill. According to the agreement, the rolls have to be shipped to Luxembourg in September-October. The total weight of the batch will be 128 tons. EMSS and AM have been cooperating since 2011.…
DetailsSeverstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3 and the ceilings for local currency-denominated debt…
DetailsPrimetals Technologies has received another order from Evraz NTMK to supply an automation system and electric equipment for the blast furnace No. 6 reconstruction. The system will optimize the blast furnace operation and decrease coke usage. Primetals Technologies has already modernized the blast furnace No. 7, commissioned in early 2018. The blast furnace No. 6…
DetailsIn January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…
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