China’s HBIS Tangsteel plans to build a 100-billion ruble steel plant in Russia’s Far East, the regional authorities said in a statement on November 30. “The corporation is interested in cooperation with the Far East of Russia. HBIS Tangsteel plans to acquire a metals plant in the Khabarovsk region, and to build a new metal…
In January-October Ukrainian metal companies increased gas consumption by 9% YoY, to 1.52 billion cubic meters. In October gas consumption totaled some 140 million cubic meters, down by 7% MoM. In 10 months electricity consumption grew by 8%, to 9.8 billion kW-h. (Ukrainian metal)
The Service Company Severo-Zapadniy Pipe Works LLC (Saint Petersburg), earlier declared bankrupt, ceases existing. According to local mass media, the demolition of the premises has started. Earlier the land plot of 6.7 ha has been sold to Setl Group for housing construction. SZTZ used to produce water and gas pipeline pipes as well as hollow…
NuMetal and its key shareholder Russian bank VTB have not abandoned the idea of buying bankrupt Indian smelter Essar Steel, VTB CEO Andrei Kostin announced on October 5. Bloomberg reported that India’s Supreme Court ruled on October 4 that the entire soured debt of affiliates of participants in the auction for the steel asset must…
SIA JM Properties, a subsidiary of AS Jensen Metal Holding, is constructing a metal works on the territory of the industrial park of Karosta in Liepaja. At the first stage the company plans to construct a building with the size of 11 thousand square meters. The construction is scheduled to be completed in May 2019.…
The founder and co-owner of USM Holdings, a well-known Russian businessman of Uzbek origin Alisher Usmanov talked about his plans to invest in projects in Uzbekistan. Speaking about business projects in Uzbekistan, Usmanov, first of all, noted the Uzbek metallurgical complex. “I will help only in business. The companies I own, where I am a…
This year the mining and metal enterprises of Ukraine will spend over 40 billion UAH on modernization. According to Sergey Belenkiy, the chairman of the Federation of Metallurgists of Ukraine, in particular Metinvest will spend 33 billion UAH. ArcelorMittal Kriviy Rih plans to invest 10 billion UAH. “As to other enterprises, everything is not clear…
In August metal companies consumed 150 million cubic meters of natural gas, up by 3% MoM. In 8 months 1230 million cubic meters were consumed, up by 11%. Electricity consumption totaled 7.9 billion kW-h, up by 10%. (Ukrainian metal)
