In February Vyksa Iron and Steel Works shipped 194.3 thousand tons of pipes via railroad, down by 24.6% MoM, but up by 15.8% YoY. In January-February the sales increased by 32.2% YoY, to 452.2 thousand tons. Sales to Russian customers grew by 53.3%, to 380 thousand tons, while exports dropped by 23.4%, to 72.2 thousand…
The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the company’s energy…
PJSC ArcelorMittal Kriviy Rih started the main stage of construction of the new Continuous Casting Plant No. 2. Capacity of two new continuous casters (LFCC Nos. 2, 3) will be 1.4 million tons per year each. It will enable larger CC-billets output. The total cost of the investment project is over $100 million. Now the…
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, announced that a subsidiary of the group, Azerbaijan International Mining Company Limited, planned to spend about $6 million on its new geological exploration and evaluation program in 2018, the company said in a message. 2018 will be the first year of…
The railroad operator Globaltrans has prolonged the contract on the transportation of MMK products for another 8 months. “In early 2018 the long-term partnership with MMK was prolonged till late September 2020”, the company said. The previous contract was valid until late February and presupposed the transportation of some 80% of MMK goods. (Ukrainian metal)
Omega LLC plans to increase alluvial gold output in the Republic of Sakha (Yakutia) this year to 304 kg. The company will be operating at all of its licensed cites: on the Bilir Creek, in the Bilir Creek basin, on the Lazo deposits, as well as on the Bolshoy Delegenyakh Creek. In case the output…
Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…
The Federal Antimonopoly Service intends to have analyzed the competitiveness on the markets of gold and platinum by August. According to the service deputy director on industry control management Mariya Babikova, another analysis will be carried out on the silver and iron ore concentrate markets. She did not name the timeframe though. (Ukrainian metal)