Steel

Break the ice: Construction of electric furnace complex at Donetskstal

The metallurgic plant Donetskstal, which had time to close all its open-hearth furnaces by Euro-2012, hasn’t still constructed the planned electric furnace complex instead of them. The reason is the absence of money. Up to date, the plant has been seeking for financing to launch the new facility. And it is likely to set the wheels in motion now.
 
Grand project

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Rimera has carried out the supply of oil production equipment to Belarus

Belorusneft has assembled the first compression utility made by Alnas plant, a member of Rimera Group. In connection with the need in improve of oil production at the complicated well fund, the Almetyevsk enterprise of Rimera made oil production equipment maximally oriented to the production conditions of Belorusneft. Rimera supplied to the fields of the client the innovation production of the engineering center, the electric centrifugal utilities of compression assembling scheme. The new compression utilities are meant for the work in the conditions of extended admixture content.

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MMK shares in the consumption of steel profiles is 20%

The director of the market research division of the marketing department of MMK D. Chernenko says at the conference ‘Hardware and profile steel-2013’ that MMK share in the consumption of steel profiles is 20%. The growth in the consumption of steel profiles has slowed down within the last few years. It increased by 34% in 2010 versus 2009, and by 16% in 2011 versus 2010, and stopped in 2009. Apparent consumption of hardware steel quickly raises. It increased by 20% a year within 2010-2012, and has exceeded pre-recession level. MMK shares 5% in this case.

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“Bank Tatarstan” to finance construction of a rolled steel section plant

“Bank Tatarstan” department of Sberbank's Volgo-Vyatsky branch office will finance the investment project “Construction of a rolled steel section plant”, implemented by the Building Construction Plant. The amount of financing will make up 446.14 million rubles for a period of 5 years.

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Russia increased ferrous metal imports by 2.4%, reduced steel pipes import by 1% in Jan-February

In January-February 2013, Russia increased an import of ferrous metal by 2.4% up to 778 thousand tons, while it reduced steel pipes import by 1% to 124 thousand tons against the same period in 2012. The Federal Customs Service reports.

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In Q1, Stakhanov ferroalloy plant reduced production by 64.6%

In Q1, Stakhanov ferroalloy plant reduced production by 64.6% to 17,500 tons, the Ukrainian association of ferroalloy producers says. Within the period, the plant reduced ferrosilicon production by 55.7% to 16,200 tons, and silicomanganese by 90.2% to 1,300 tons. In 2012, the plant reduced gross production by 19% to 168,800 tons.
In December 2012, the management of Zaporozhye and Stakhanov ferroalloy plants accused the council of the state enterprise Energorynok in the wrecking of the governmental order for the setting of economically grounded tariffs for power.

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In 2012, MMK increased dispatch of products from mill 5000 for bridge and ship building sectors

In 2012, MMK increased dispatch of products from mill 5000 for bridge and ship building sectors, by 2 times to 67,000 tons to bridge building sector and by 3 times to ship building sector. In particular, Vyborg ship building plant bought 7,000 tons of rolled steel of normal and extended durability by State Standard R 52927-2008. This steel will be mostly used in construction of an ice breaker for Rosmorport FGUP. Now Vyborg ship building plant is one of the largest consumers of MMK’s steel for ship building.

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In the first three months, Alchevsk metallurgic plant increased steel production by 15.8%

In January-March, 2013, the Alchevsk metallurgic plant (the Lugansk region) increased the production of finished rolled metal by 18.3% as compared to the same period of 2012 to 1.002 million tons.
As the enterprise’s representative reported to the agency Interfax-Ukraina, in this period the metallurgic plant increased the steel output by 15.8% to 1.094 million tons, and cast iron – by 17.1% to 1.027 million tons.

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TMK has bought oil service assets in the USA

The American OFS International LLC, controlled by TMK has bought 100% in the assets for pipes service and accessories for oil and gas sector, that used to belong to ITS Tubular Services /Holdings/ Ltd (Aberdin, Scotland) and an affiliated group of shareholders, TMK reports. The cost of transaction is held in secret.

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From the beginning of the year, ArcelorMittal Krivoy Rog increased steel smelting by 10%

According to current data, in January-March of 2013, the Krivoy Rog’s mining-and-metallurgical integrated works ArcelorMittal Krivoy Rog (the Dnepropetrovsk region) increased the production of finished rolled metal by 11.2% as compared to the same period of 2012 to 1.419 million tons.
As the enterprise’s representative reported to the Interfax-Ukraine, from the beginning of the year the steel production grew by 10% to 1.617 million tons, and cast iron – by 9% to 1.405 million tons.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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