NLMK to increase concentrate output, hot testing new beneficiation section

NLMK, Russia’s largest steelmaker, has started hot testing the new beneficiation section at its Stoilendkiy mining and beneficiation plant, the company said on May 22.

The new additional beneficiation section will enable Stoilensky to increase its concentrate output from 17.5 million tonnes per year to 20 million tpy, while its ore processing capacity will move up to 42 million tonnes by 2021 from 37 million tonnes.

The commissioning of the additional beneficiation section is scheduled for June 2020, while the additional concentrate will be used for pellet production and further shipped to NLMK’s Lipetsk site.

“The new equipment is characterized by low energy and grinding body consumption rates, high reliability and a lower maintenance load, enabling a 30% cut in operational costs and an increase in concentrate Fe content,” Dmitry Sotnikov, NLMK vice president for investment projects, said.

Steel output at the Lipetsk site increased by 11% quarter on quarter to 4.2 million tonnes due to the completion of major repairs at NLMK Lipetsk’s blast furnace and basic oxygen furnace operations in the fourth quarter of 2019.

In 2019, the Lipetsk site produced 12 million tonnes of steel, down by 10% year on year due to the capital repairs of steelmaking equipment, the company said.

The company’s target is to produce 14.2 million tonnes of steel at the Lipetsk site by 2023, it said.

Earlier in May, the company announced that it started the commissioning of its new 1.8 million-tpy continuous casting machine for the production of heavy slab and plans to receive first slabs in June 2020.

Fastmarkets’ weekly price assessment for steel slab, export, fob Black Sea, CIS was $330-350 per tonne on May 18, widening from $335-340 per tonne fob a week earlier.

What to read next
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide, min 30% Co, inferred, China, $lb, via an open consultation process between May 4 and June 1, 2023. This consultation was done as part of our published annual methodology review process.
Fastmarkets will discontinue its consumer buying price assessments for machine shop turnings in the Cleveland and Pittsburgh markets effective Tuesday June 6.
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed