In line with the intention of the shareholders of NLMK Belgium Holdings SA (NBH), NLMK Group has decreased its holdings in NBH through the sale of its 2% stake to THN, an NBH-affiliated company. These shares will be available for conversion into treasury shares for potential distribution in the context of long-term incentive program linked…Details
The Uralelectromed subsidiary (Manufacture of polymetals) has commissioned the shaft furnace No. 2 after capital repairs. The cost of repair was 47 million rubles. It took repairmen 26 days to completely disassemble the machine with the height of 15 meters and then assemble it again. Preparation for the work started a year before the furnace…Details
Cherepovets Iron and Steel Works has purchased new equipment for bearing vibrodiagnostics valued at 9 million rubles. In particular, the company has bought a Leonova Diamond portable device and a Leonova Inetllinova Parallel Protable mobile diagnosis system. Investments in the purchase totaled 9 million rubles. “The new equipment allows detecting flaws in low-speed rolls of…Details
The Uralelectromed subsidiary (Manufacture of non-ferrous metals alloys) will produce two refining tanks to increase the capacity of the refining department of the metal shop. The cost of each tank is 3.8 million rubles. The machinery will be placed in the beginning of the technological cycle and will be filled with black lead. “The new…Details
Energomashspetsstal has shipped billets to the Ruppur Nuclear Power Plant (Bangladesh) and Akkuyu Nuclear Power Plant (Turkey). According to the company statement, it has supplied 21 bulk billets to the customers. The batch included various types of machinery, in particular, shells, bilges, nozzle, connection pipes and pipes for the reactor coolant pipe. The combined weight…Details
Zaporozhye Iron Ore Complex together with the town council of Dneprorudnoye is reconstructing the main water pipeline. “Over 19 thousand citizens of Dneprorudnoye had for a long time to cope with constant failures of the pipeline and the bad quality of water. Most of the company employees reside here. And they together with their families…Details
Sumykhimprom has concluded an agreement with Ukrspetslom LLC on the purchase of scrap valued at 45 million UAH. The agreement will be valid till summer of 2019. The company will have to supply secondary ferrous metals according to DSTU 4121-2002 at 8750 UAH per ton. Last year Sumykhimprom bought scrap from Ukrspetslom 22% cheaper, at…Details
Interpipe continues supplying railroad wheels to Russia, even though the EEC has increased the import duty from 4.75% to 34.22%. According to the company CFO Denis Morozov, the Russian market is suffering from the wheel shortage, and the customers are ready to pay any price. “There is now no spare wheels in Russia. The shortage…Details
Under the project to commission new capacities of the second stage of the new rolling complex, the Kamensk-Uralsky Iron and Steel Works is finishing testing the finishing stand of the Danieli-Freling hot-rolling mill. The tests started in July. The project will allow the company supplying new semi-finished products to customers. The design capacity of the…Details
Beloretsk Iron and Steel Works has renewed its certificates of the correspondence for steel ropes used in oil and gas industry. In particular, rotary lines have passed the voluntary GOST R certification. Prior to that an audit has been carried out. The auditors have visited steel rope shops, the laboratory, and inspected the rope and…Details
In January-August Magadan region mined 261.8 thousand tons of coal, up by 9.1% YoY. At the same time, no coal was mined in July-August. There are 3 enterprises mining for coal in the region – Kolyma Coal Company LLC mined 185 thousand tons, up by 83% YoY; Association of Business Cooperation increased output by 17%,…Details
Zagorsky Pipe Works has received positive report of Gazprom on supplying pipes with outer coating on the basis of Russian-made materials only. This is the first time that ZTZ has mastered such a combination of materials. Earlier it used the imported and Russian materials to make corrosion-resistant coating. “This is the first major result of…Details
The Belarus Iron and Steel Works will introduce its business partners to the company’s innovative development plans during the fourth conference of suppliers that will be held on the sidelines of the international forum “Foundry and Metallurgy 2018. Belarus” that will take place in Minsk on October 17-18, the company’s spokesman Alexander Olesik reported. The…Details
Gold is illegally mined in Aksy district of Jalal-Abad region. The State Inspectorate for Environmental and Technical Safety made a decision to prohibit the activities of Spektr LLC. Despite the ban, the company continues exploration on the alluvial gold deposit. As the Deputy Chairman of the State Committee of Industry, Energy and Subsoil Use, Suyuntbek…Details
Prices of precious metals varied on September 26, according to the data published by the Central Bank. The price of gold increased by 5.661 manats, to 2,043.502 manats per ounce on September 26 compared to the price on September 25. The price of silver grew by 0.4269 manats, to 24.6494 manats per ounce. The price…Details
OMZ-Spetsstal has completed construction and started commissioning a new gouging chamber.
The new unit with exhaust system will improve labor conditions and prevent air pollution.
The gouging chamber has been constructed under a program to modernize manufacturing capacities. (Ukrainian metal)
In August the Republic of Buryatia extracted 586.8 kg of gold, including 285.9 kg of ore gold and 300.9 kg of alluvial gold.
In January-August gold output reached 3516.5 kg.
In particular, ore gold accounted for 2269.8 kg and alluvial gold – 1246.7 kg.
Last year the region yielded 5677.9 kg of gold. (Ukrainian metal)
Since last week strikes and protests have renewed at the state enterprises Mirnogradugol and Selidovugol. The reason is that the enterprises have not received state support promised 2 weeks ago. While the situation is unstable, the mines continue operating. Still, some miners refuse to go underground. The miners’ unions say if the money to clear…Details
The decrease of the coal price to 1800 UAH per ton, as suggested by the draft law 8626, will result in mines shutting down and will simply destroy the coal industry. According to the Independent Miners’ Union chairman Mikhail Volynets, the connection of the Ukrainian coal price to the international indexes through the Rotterdam+ gave…Details
In August Ukraine went up to the 12th position in the rating of the 67 countries, compiled by Worldsteel. China was traditionally the first with 80.326 million tons produced in August, up by 2.7% YoY. Ukraine produced 1.786 million tons, down by 3.7%. All in all in August world steel output grew by 2.6% YoY,…Details
Sergey Plichko has been appointed chief financial officer, chief accountant of ArcelorMittal Kriviy Rih.
He has been the acting CFO and CA since February 17, 2017.
Plichko has been appointed since September 21 for an indefinite term. (Ukrainian metal)
Prices of precious metals increased in Azerbaijan on September 25, according to the data published by the Central Bank. The price of gold grew by 2.737 manats, to 2,037.841 manats per ounce on September 25 compared to the price on September 24. The price of silver went up by 0.0309 manats, to 24.2225 manats per…Details
Russia estimates its losses from the US-imposed tariffs on steel and aluminum at $600 million. “We have calculated the damage to our economy from the US decision. It is some $600 million. We have already paid $100 million of new duties”, the minister of economic development Maxim Oreshkin said. In response Russia has imposed additional…Details
In late August a delegation of the Yekaterinburg Non-Ferrous Metals Processing Works visited Armenia. There the company representatives met with top-managers of a jewelry works, a large manufacturer of basalt continuous fibers and cement, etc. “These companies are already our customers. We supply them with such products as laboratory wares, affined metals, machinery to produce…Details