In January-October Magadan region produced 29.1 tons of gold, up by 16.5% YoY. In particular, 12.1 tons of ore gold and 17 tons of alluvial gold, up by 31% and by 8% YoY respectively. The main contributors in the region were Pavlik (5.2 tons of gold) and Susumanzoloto enterprises (5 tons). This year the region…
The capital repairs of the 750-billet mill in the rolling-shop of Zlatoust Electrometallurgical Works began on October 5, and on October 20 the renewed mill started producing metal again. The 750-mill produces rolled billets for additional rolling at the mills 400 and 280, as well as round bars with the diameter of 80-210 mm, square…
Klyuchevsky Ferroalloys Works has resumed operation after a major overhaul. The repair has been carried out in the kiln No. 1. As the company was bound by international contracts it could not halt operation during the national holidays, so it decided to carry out repairs during the additional days off. (Ukrainian metal)
Brazil has decided to postpone the imposition of antidumping duties on Russian and Chinese hot-rolled coils. The investigation begun in April 2016 confirmed the dumping deliveries and the damage to local manufacturers. But the rolled metal consumers have asked the government not to impose antidumping duties as they may increase the price of the end…
In January-September Chepets Mechanical Works received 1.73 billion rubles of net profit, up by 24% YoY. Sales revenue reached 8.97 billion rubles, up by 2.5% YoY. Since the start of the year the company has paid 1.52 billion rubles of taxes to the budgets of various levels. (Ukrainian metal)
The authorities of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, intend to promote their own metal project on the basis of Donetsk Iron and Steel Works. But the problem of the DPR authorities is the harsh competition with the “outer manager” appointed by Russia to rule companies seized from…
The state enterprise Ukrpromvneshexpertisa forecasts that pig iron prices will continue growing influenced by the expected growth of scrap price. By the end of November the rolled metal trade will have revived, which will allow exporters to increase prices. The forecast range of prices for November is $320-370 per ton FOB. In October negative trends…
Yuzhniy Mining and Processing Works has finished capital repairs of two sections of its ore-processing factory No. 1. According to the company statement, in September the seventh, and in late October the eighth sections of the factory were commissioned. Investments in modernization totaled 400 million UAH. During the repair equipment at all the technological sites…