Industrial group Energoprom has signed a contract with oil and gas pipe producer TMK to sell graphitized electrodes in 2018-2022, Energoprom said in a statement on March 7 without disclosing other details of the contract. Sales of Energoprom will cover up to 40% of TMK’s demand in graphitized electrodes, the company said. (Prime/Ukrainian metal)
Ukrainian heat generation industry will in 2018 decrease consumption of deficient anthracite coal to 4.8-4.9 million tons, which is 20% lower than in 2017. “We are seeing a dynamic reduction of anthracite consumption. In 2016 all thermal generation (TPPs and CHPPs) consumed 10.5 million tons, in 2017 it was 6 million tons, and in 2018…
The cost of gold increased by almost 15.74 manats (0.7%), to 2265.7005 manats per troy ounce in Azerbaijan on March 7, according to the data published by the country’s Central Bank. The cost of silver increased by 1.3%, to 28.3712 manats per ounce, the cost of platinum by 0.22%, to 1640.925 manats, while the cost…
By the end of the year Chinese investors will have carried out two projects. The first is the construction of the metal works by Forever Fourshing Co. Ltd. Investments will total 7.4 billion tenge. The plant will produce 300 thousand tons of metal per year, with 80% to be exported. The company intends to export…
The underground mine of Gaysky GOK is prepared to commission a new ore chute complex for loose materials needed to produce concrete. “Previously sand and crushed stone, needed to make the mixture, were delivered to the 910-meters horizon. It took 3 hours to load one machine, get down there, unload and get back to the…
In 2017 Russia imported 280 thousand tons of corrosion-resistant flat steel valued at $604 million, up by 19.7% and by 32.7% MoM respectively. According to the customs statistics, this is also the record-high result for the past several years. Sheet with the width of 600+ mm accounts for 90% of the imports. The main supplier…
A Japanese and an Austrian company are interested in investing in Krivoy Rog Oxidized Ores Mining and Processing Works. According to the Ministry of economic development and trade, the first vice prime minister Stepan Kubiv met with Hiroshi Ishikawa of Kobe Steel. “The group of companies has developed a new technique of processing oxidized ores…
The Russian central bank has held several gold deals on the Moscow Exchange since the start of the year, Larisa Selyutina, director of the securities and commodities department of the authority, said at a conference on March 6. “The Central Bank of Russia puts bids daily on the order book, but there were only a…
