Kazakh Aktobe Rail-Belt Plant LLP (ARBP) and Russian Railways signed an agreement on supply of 7,500 tons of R65 rails to Russia. The agreement was signed by the Head of Kazakhstan Railways Kanat Alpysbaev and the President of Russian Railways Oleg Belozerov at the 19th meeting of the Kazakhstan-Russia intergovernmental commission for trade and economic…Details
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Seligdar will construct a mining enterprise on the basis of Samolazovskoye gold deposits in Yakutia. The estimated volume of investments will be 400 million rubles. The project will create some 100 jobs. The deposits are situated in the Aldansky district. C1 and C2 reserves of the primary ore for open-pit mining amount to 7282 kg.…Details
The representatives of the new owner of Nikolaev Alumina Works – Glencore – have promised to comply with the current contracts and keep jobs. “Glencore representatives arrived at the plant. They were shown around the enterprise and hold negotiations with the management. Glencore has confirmed that the transition period will last for some 6 months”,…Details
Dneprovsky Iron and Steel Combine has completed the capital repairs of its blast furnace No. 9, at present it is operating 3 blast furnaces. According to the company statement, since the blast furnace has been commissioned after repairs (October 27) and as of November 13, it has produced 24.536 thousand tons of pig iron. “The…Details
In January-September Dneprovsky Iron and Steel Combine produced 870 thousand tons of rolled metal, 891 thousand tons of steel, 855 thousand tons of pig iron and 1.321 million tons of sinter, all down by 45%, 43.6%, 43.8% and 51.5% YoY respectively. In October DMK produced 209 thousand tons of rolled metal, 208 thousand tons of…Details
Tajik Aluminum Company intends to increase aluminum output to 1 million tons per year. For this in 2018 it will start constructing a new aluminum plant and will completely modernize the existing one. The new plant will be constructed by Yunnan. The Chinese company has already prepared the feasibility study and is developing the design.…Details
Ruspolymet will cooperate with Hermith GmbH in the sphere of titanium wares supplies. According to the group chairman of the board Victor Klochay, Ruspolymet will supply titanium products manufactured of scrap. “In Q1 2018 we will commission the machinery to process scrap and produce titanium for various uses. For this order we will not use…Details
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
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