CIS steel news - Russia Ukraine Kazakhstan.

Ukraine: mines close en masse in occupied Lugansk region
coal ukraine
Wed, 18 Dec 2024 00:00:00 GMT
Mines are being shut down on the temporarily occupied territories of Lugansk region, which affects operation of the heating infrastructure. Due to the lack of A grade coal, the thermal power plant in the town of Schastya had to switch to gas during the current autumn-winter season. The decision was approved by the Russian


Kazakhstan: mining and metallurgical enterprises invest 1.1 trillion ...
investment kazakhstan
Wed, 18 Dec 2024 00:00:00 GMT
In January-October, enterprises of the mining-metallurgical complex of Kazakhstan invested around 1.1 trillion tenge in the development of the industry. Compared with 2023, investment volumes remain unchanged. The combined share of investments in the extraction and processing of metal ores in the overall investments in the industry grew by 3%, to 20%. In particular,


Forbes: Metinvest Named Ukraines No. 1 Company, Seven Group CEOs ...
metinvest russia
Wed, 13 Nov 2024 11:47:11 GMT
According to Forbes Ukraine, Metinvest Group has been recognised as the leader in the ranking of the 202 largest businesses in Ukraine. Seven of the Groups top managers were listed among the countrys 303 top


Pakistan and Russia to discuss revival of Steel Mill, CM Murad ...
investment russia steel
Tue, 12 Nov 2024 00:00:00 GMT
Online talks next week set to pave the way for modernizing Pakistan Steel Mills, with a Russian delegation to visit for further


Oleksandr Vodoviz: Ukrainian Metals Industry Requires Equal Conditions ...
metals metinvest russia
Mon, 11 Nov 2024 12:44:29 GMT
At the Kyiv International Economic Forum (KIEF) held in the city on 7 November, Oleksandr Vodoviz, head of the Chief Executive Officers Office of Metinvest Group, spoke about the challenges that the Ukrainian steel industry must overcome on its way to EU accession, as well as the risks and recommendations regarding this


Russias Severstal expects steel demand to drop 5-7% as high rates ...
market russia severstal steel
Thu, 31 Oct 2024 00:00:00 GMT
Russian steelmaker Severstal expects steel demand to drop by 5% to 7% in 2024 as the high cost of borrowing raises the strain on its customers investment plans, company head Alexander Shevelev said on Tuesday. A growing number of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates and warning that goals for infrastructure development may be missed, with the central bank bearing the brunt of the criticism. The Bank of Russia hiked on Friday its


European steel demand to fall in 2024, Eurofer says
eurofer market steel ukraine
Thu, 31 Oct 2024 00:00:00 GMT
European steel demand will shrink this year, industry group the European Steel Association (Eurofer) said on Tuesday, downgrading its outlook for a fourth time this year due to weak demand and a sluggish economy. In July, the Eurofer cut its 2024 outlook for steel demand growth in the EU to 1.4%, but on Tuesday it said consumption would fall by 1.8%. It previously lowered its expectation in February and April. The severe consequences of the war in Ukraine and other global geopolitical


NLMK Verona to build new EAF by 2027
nlmk russia steel
Wed, 30 Oct 2024 00:00:00 GMT
Steelmaker NLMKs facility in the Italian city of Verona will build an electric-arc furnace to be...


Crisis in the EU steel industry politicians are intensifying ...
steel ukraine
Mon, 28 Oct 2024 00:00:00 GMT
Representatives of the Ukrainian steel sector expect that the Ukrainian authorities will also pay more attention to the problems of the


MMK uses artificial intelligence to monitor blast furnace operations
labour mmk steel
Tue, 10 Sep 2024 00:00:00 GMT
Magnitogorsk Iron and Steel Works (MMK) has begun operating a machine learningbased digital system that helps workers control the oxygen levels supplied to its blast furnaces. The system recommends the optimal oxygen levels for the hot blast air in order to improve blast furnace efficiency during the production of cast iron. Until recently, the blast furnace operator made decisions based solely on readings of discrete data. In a dynamic environment, however, those readings may not always be


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