Energomashspetsstal will produce rolls for two ArcelorMittal French Steel Works. The company has already started manufacturing 4 back up rolls for hot-rolling mills. In particular, 2 rolls with the total weight of 107.36 tons will be produced for ArcelorMittal Fos-sur-Mer. 2 other rolls will be supplied to АМ Mardyck. Their total weight is 80.35 tons.…Details
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In September the “youngest” manufacturing enterprise of Ryazan Pipe Works in Novocherkassk turns 2. In 2 years the company produced 35 thousand tons of electric-welded pipes. The company employs 100 people. This year the company has already started manufacturing 10 new sizes of pipes, with 6 more to be introduced by year-end. In November construction…Details
In August Krasniy Octyabr produced 95% of the planned volumes of steel and 100% of rolled metal. The 1600-mill produced a record of cold-rolled sheet – 147 tons. The company has started manufacturing forged rods of large diameter of stainless steel. This month Krasniy Octyabr intends to produce 37413 tons of steel and 25090 tons…Details
Intergeo, belonging to Mikhail Prokhorov, has sold Amurmed. According to Intergeo, Amurmed is a less attractive asset for the group than the Ak-Sug in Tuva (5.7 million tons of copper) and Kingash in Krasnoyarsk Krai (2.2 million tons of nickel, and 1 million tons of copper, as well as cobalt, platinoids and gold). Amurmed has…Details
The US Ministry of Trade has approved of the size of preliminary antidumping duties on wire rod from Russia, Belarus and UAE. Duty for Russian wire rod will reach 436.8-756.93%, which is a record in American antidumping investigations on steel market for the past several years. Belarus Iron and Steel Works was hit with the…Details
ArcelorMittal Kriviy Rih is shutting down its double-bath steel mill No. 6 in the open-hearth furnace shop for scheduled repairs. According to the company statement, investments in the repairs will total 54.5 million UAH. Some 320 subcontractors will be working on the project each day. In spring the double-bath steel mill No. 6 was shut…Details
The shares of Centerra began rising in price at the Toronto Stock Exchange after the statement of the government of Kyrgyzstan on the agreements reached with the investor. On September 5, the value of Centerra’s shares was $6.05, on September 6 – already $6.23, and on September 7 they rose in price to $6.7. As…Details
Siberian Mining-Metallurgical Alliance (SiGma) will put the first stage of Ozernovskoye Mining and Processing Works in Kamchatka with the capacity of 100 thousand tons of ore or 2 tons of gold in operation in November. “We have finished constructing the road. In October we will start assembling the processing line. This year we plan to…Details
The Arbitrary court of Sverdlovsk region will study the case on acknowledging Ural Metal Company insolvent. The claim was submitted to the court on September 5 by Verkhnyaya Salda Iron and Steel Works LLC. The company claims 375.215 million rubles. Ural Metal Company was registered in 2007. Its main activity is wholesale trade in metal…Details
This year Gaysky Mining and Processing works has for the first time used HoldCag power cables with wire armor, produced at Electrocable. HoldCab also features polymer coating. The first out of four cable threads has been built in the Novaya mine shaft. It consists of 3 sections of 400 meters each. (Ukrainian metal)Details
“The less conflict fields, the better the dialogue, the sooner the positive investment climate in the country is formed and it becomes more attractive for foreign partners,” head of the Association of Markets, Service and Trade Enterprises Sergei Ponomarev said, commenting on the agreements reached between the Kyrgyz government and Centerra. “All major world investors,…Details
In January-June Zaporizhstal fulfilled all the 122 conditions lined out in the collective agreement for this year. The total amount of financial obligations under the agreement in H1 reached 180 million UAH. Average salary increased by 20%. Bonuses to the authors of the best ideas of efficiency reached 2 million UAH. 170 young employees received…Details
Shareholders of Evraz – Dneprovsky Iron and Steel Works intend to increase the company charter capital by 30.4%, from 574.99 million UAH to 749.99 million UAH by placing additional 700 million shares with the value of 0.25 UAH. The issue will be discussed at the extraordinary meeting of shareholders on September 22. According to one…Details