The Russian group of companies MetProm will design the modernization project for Uzbekistan Iron and Steel Works. The Uzbek party will have received the project documentation by October. The project presupposes the construction of two steelsmelting furnaces, two steel-treating furnaces and a casting-rolling complex. The modernization cost is estimated at $550 million. After the modernization…Details
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In January-June, according to customs statistics, Russia imported 135.4 thousand tons of corrosion-resistant flat rolled steel valued at $291 million, up by 35% and by 50% YoY respectively. China supplied 26.4% of metal, up by 56.5% YoY, with the average price on the border of Russia in June at $2047 per ton, up by 36.4%.…Details
In June, according to the customs statistics, Russia exported 3.9 thousand tons of corrosion-resistant steel scrap and waste valued at $3.2 million, down by 22.8% MoM and by 44.5% YoY. Earnings decreased by 31.4% MoM and by 54.7% YoY. In January-June Russia exported 38.5 thousand tons of scrap valued at $37 million, up by 5.6%…Details
ArcelorMittal Temirtau is starting the implementation of the project on the reconstruction of the dust extraction units No. 5 and 6 at the sinter shop. The company plans to invest some 330 million tenge in the project. Under the reconstruction it is envisioned to assemble highly efficient bag hoses with the air purification rate of…Details
Tominskoye Mining and Processing Works has started preparing the territory for the construction of the new enterprise. “The first stage of the factory construction will end in late 2019. By that time all the manufacturing units of the processing factory will have been constructed,” the GOK CEO Valery Ulanovsky said. The mining and processing works…Details
Evraz ZSMK has put into operation a new 320-ton converter in its steelmaking shop. The old machine was shut down on April 10. Replacement works have been finished in less than 3 months. Investments exceeded 1 billion rubles. The converter has been designed and produced by Yuzhno-Uralsk Machine-Building Works. The new gas-purifying units will decrease…Details
Amurmetal, which resumed operation in late July, exports over 60% of its products to the Southeast Asia. “We deliver to Thailand, the Philippines, and Korea, which don’t have large steel capacities because of the lack of energy resources, but do have rolling manufacture. We supply our steel billets there, they roll them and sell locally…Details
In late 2017 Velta intends to start constructing the mining and processing complex on the basis of Lekarevskoye titanium ores deposits in Kirovograd region in case it gets the license from the State Service of Geology and Subsoil Use. The Kirovograd regional council on August 22 approved of granting the company the right to use…Details
The net profit of Russian metals and mining group Mechel, attributable to shareholders, fell by 40% YoY, to 4.994 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said on August 23. The entire profit fell by 38%, to 5.682 billion rubles. EBITDA grew by 56%, to 40.227 billion rubles,…Details
Mariupol Ilyich Iron and Steel Works has signed a contract with the leading manufacturer of machinery for ferrous and non-ferrous metallurgy Primetals Technologies Austria GmbH. This year the company has started reconstructing the 1700 sheet-rolling shop. “The signing of the contract for the basic engineering of the mill is the next step”, the company CEO…Details
Coal mining in Ukraine (not taking into account the temporary occupied territory of Crimea and Sevastopol, as well as the ATO zone) in July decreased by 26.9% YoY, to 1.9 million tons. According to the State Statistics Service, coal mining also dropped by 1.9% MoM. (Ukrainian metal)Details
Beringpromugol (subsidiary of Australia’s Tigers Realm Coal), which is an anchor resident of the Priority Development Area Beringovsky (Beringovsky PDA) in Chukotka, is going to build a coal processing plant in the framework of the Amaam field development project by 2019, press center of the Ministry for the Development of the Russian Far East cites…Details
The Insulation Pipe Works has finished delivering insulated pipes and fittings for T Plus Group. The pipes will be used to construct heating network in the cities of Penza, Kirov and Saratov. The length of pipes totaled 7.5 km. (Ukrainian metal)Details