PJSC Magnitogorsk Iron and Steel Works has commissioned the continuous hot-dip galvanizing unit No. 3. The unit will increase MMK’s capacity for the production of galvanized steel by almost 20%, to more than 2 million tons a year. The unit is designed to produce zinc-coated products through the hot-dip galvanizing of cold-rolled, thin-sheet, low-carbon steel.…Details
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In Q2 2017, NLMK Group sales grew by 13% QoQ and by 5% YoY, to 4.2 million tons. Steel output totaled 4.1 million tons (-2% QoQ), with facilities running at 98% capacity. Group sales grew driven by the seasonal uptick in sales of finished products in the Russian market. Finished product sales increased by 19%,…Details
Roofing collapsed at the Mariupol Ilyich Iron and Steel Works, killing 3 employees. 4 employees were working at the construction site, when the roofing fell. Three people, including a woman, perished. One person was injured. The workers were repairing shop premises, when the roofing suddenly collapsed. Three people fell, and were hit by concrete slabs.…Details
In June Yuzhniy Mining and Processing Works produced 997.4 thousand tons of concentrate, up by 12.8% YoY. According to the company statement, sinter output dropped by 9.3%, to 150.3 thousand tons. In January-June UGOK increased concentrate production by 12.5% YoY, to 6.082 million tons, sinter output fell by 3.2%, to 893.1 thousand tons. (Ukrainian metal)Details
In January-June Sibcable processed 7.5 thousand tons of copper, up by 15.5% YoY. Aluminum processing reached 1.5 thousand tons, up by 48% YoY. Total metal consumption increased by 25% YoY. In H1 the company produced 18 thousand km of cables and wires. (Ukrainian metal)Details
In January-June Magadan region yielded 11.7 tons of gold, including 7.2 tons of ore gold and 4.5 tons of alluvial gold. Silver output totaled 369 tons. Gold production increased by 41% YoY, with ore gold output up by 2.4 tons, and alluvial – by some 350 kg. Silver mining dropped by 12.5%. In the second…Details
In January-June Kazakhstan mined 19.07 million tons of iron ore, up by 10.4% YoY. According to the Ministry of the national economy, copper ore output totaled 48.528 million tons, up by 36.3% YoY, gold-containing ore – 8.733 million tons, down by 1.8%, chromium concentrate – 2.208 million tons, up by 11.1%. Kazakhstan holds the 7th…Details
On July 14 Andrey Yegorov was appointed the CEO of the pipe and sections works of Severstal in Sheksna. Previously he worked as the shop director there. In his new office Yegorov will go on improving production and realizing the investment program, in particular the construction of the automated complex to produce driven piles. Ilya…Details
In January-June Siberia Coal and Power Company increased its net profits 3.4-fold YoY, to $322 million. The company earnings went up 1.5-fold, to $2.661 billion. Capital investments totaled $313 million, up 2-fold YoY. EBITDA increased 1.7-fold, to $716 million. Coal mining in 6 months reached 53.6 million tons, up by 1% YoY. Coal sales increased…Details
The Verkhovnaya Rada of Ukraine has prolonged the scrap export duty of 30 euro per ton till September 15, 2018. The bill No. 6382 has been supported by 247 people’s deputies with the minimum required number of 226. According to the bill note, its goal is to regulate scrap export and decrease scrap shortage on…Details
Russian oil and gas pipe producer TMK has relaunched all its suspended U.S. facilities, Deputy CEO for Strategy Vladimir Shamtovich said on July 13. “In early July, we launched the two U.S. facilities that had been idle. So, all our plants are working now,” he said. In June, he said that the company planned to…Details
In June, according to railroad statistics, direct deliveries of ferrous scrap to Evraz ZSMK totaled 183.6 thousand tons, up by 7.5% MoM and by 8% YoY. In January-June the company received 714 thousand tons of scrap, up by 46% YoY and on average by 19% compared to the last 5 years. Evraz ZSMK holds the…Details
In January-June Chukotka Autonomous District mined 217 thousand tons of coal against 140.9 thousand tons in H1 2016. At present two enterprises mine for coal in the region: the “Ugolnya Mine” JSC at the Anadyr deposits and “Beringpromugol” LLC at Fandyushkinskoye deposits. In 6 months Ugolnaya Mine yielded 95.5 thousand tons of coal, down by…Details