Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

NLMK has announced that its Stoilensky Mining and Beneficiation Plant for producing iron ore restarted its operation 12 days after a conveyor gallery collapsed at the plant. 


The repair work was completed two days ahead of time and cost approximately $3.2mn, the Russian steel producer said in a statement on September 23. 


The company’s Lipetsk plant that consumes the highest amount of iron ore, managed to get some iron ore from its inventory and some externally, while the Stoilensky plant was under repair, NLMK noted. 


In order to make the most of the plant’s shut down, NLMK decided to carry out major repair at its pelletizer along with the beneficiation plant, which was actually planned for the end of this year and early 2021. This decision will help boost volumes next year the company stated. 

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