The former Karaganda foundry is being revived. The plant has been renamed to Qaz Carbon LLP. According to the plant’s management, the new factory has created new 1200 jobs. It is 100% Kazakhstan content. A large-scale modernization of the plant is still underway. Outdated equipment including coke cupola furnaces was replaced. New induction furnaces have…
The general meetings of the shareholders of Marganets Mining and Processing Works, Pokrovsky Mining and Processing Works, Nikopol Feroalloys Plant and Zaporzhye Ferro Alloy Plant were not held. It was supposed to settle the issue of dividends for 2018 at the meetings. MGOK intended to spend 95% of its net profit for 2018 (UAH 163.19…
In January RZD transported 100.2 million tons of cargo, down by 4.9% YoY. In particular, 10.1 million tons of iron and manganese ore were transported, up by 2%. Transportation of ferrous metals decreased by 2.2%, to 6.4 million tons, while of scrap grew by 12.6%, to 0.663 million tons. Last year ferrous metals transportation totaled…
In 2019 average wages in metal industry grew by 14% YoY, to 14,242 UAH. According to the State Statistics Service, in December 2019 salary increased by 5.8% MoM, after falling by 2.9% in November 2019. The salary growth began in spring 2019, when Metinvest and ArcelorMittal Kriviy Rih started increasing wages. Since February 2019 average…
In 2019 Sverdlovsk Railroad transported 314 thousand TEU containers, up by 21.3% YoY. In particular, transportation of ferrous metals grew the most – by 24.5%, to 13.9 thousand containers. The railroad also transported 198 thousand containers with non-ferrous metals, up by 1.9%, 6.4 thousand containers with refractory materials, up by 8.5%, and 5.9 thousand containers…
The government must pay attention to low consumption of metal products in Ukraine, Metinvest CEO Yuri Ryzhenkov declared. According to him, in Ukraine steel consumption per capita is one of the lowest. In particular, it’s much lower than in neighboring Poland and Russia. “The government should think on how to improve the domestic demand for…
In 2019 Zabaikalye railroad transported 209.1 thousand tons of TEU containers, up by 32.3% YoY. In particular, transportation of metal wares grew by 43.5%, to 28.3 thousand containers, ferrous metals – more than 2-fold, to 4 thousand containers, and non-ferrous metals – by 16.3%, to 2.4 thousand containers. At the same time transportation of ferrous…
In 2019 Sverdlovsk railroad transported 32.8 million tons of cargo in Nizhniy Tagil region, up by 2.9% YoY. In particular, transportation of ferrous metals grew by 4%, to 4.6 million tons, and coke – by 10.9%, to 0.6 million tons. At the same time transportation of iron ore dropped by 2.7%, to 11.7 million tons,…