Russia: MMK sales down in June 2018

In June MMK sold 768 thousand tons of metal via railroad, down by 13.8% YoY. In Q2 sales decreased on average by 16.7% a month. In January-June MMK sold 5.21 million tons of metal via railroad, up by 0.1% YoY. Sales to domestic customers increased by 11.5%, to 3.41 million tons, while exports dropped by…

Russia: Priisk Solovievskiy gold output down in H1 2018

In January-June Priisk Solovievskiy extracted 1068 kg of gold, down by 3.4% YoY.

569 kg accounted for alluvial gold sites, where work is carried out from May till October.

The rest (499 kg) was obtained from the Solovievskiy gold ore deposits.

In 2017 the company obtained 3127 kg of gold. (Ukrainian metal)

Russia: MMK implements “Industry 4.0” concept in strategic partnership with Oracle

Magnitogorsk Iron and Steel Works (MMK) is expanding its innovative cooperation with Oracle, having chosen the corporation as its strategic partner for the next five years in the implementation of the concept “Industry 4.0”. The optimization and unification of MMK’s business processes on the basis of a unified Corporate Information System (CIS) will facilitate the…

Russia: Seligdar gold output up in H1 2018

In January-June Seligdar increased rock transportation by 15% YoY, to 10 million cubic meters.

Rock mining grew by 56%, to 5.8 million tons.

Gold output increased by 39%, to 1327 kg.

Nizhneyakokitsky Works demonstrated the best results having obtained 600.1 kg of gold.

This year Seligdar intends to mine 6 tons of gold. (Ukrainian metal)

Russia: aluminum exports up in May 2018

Russia’s aluminum exports almost tripled MoM, to 420,100 tons in May, the Federal Customs Service said. In monetary terms, aluminum exports grew 2.55-fold, to $751.6 million. In January-May the exports rose by 22.8%, to 1.337 million tons in volume terms and by 44.1%, to $2.482 billion in monetary terms. Copper exports grew by 25.9%, to…

Ukraine: Interpipe sells 250 million UAH worth of pipes

Ukrgazvydobuvannya has ordered Interpipe-Ukraine LLC the delivery of pipes valued at 254.67 million UAH.

In particular, the company has been ordered 4963 tons of various pipes.

The pipes are to be produced by Interpipe Niko Tube, Interpipe NTZ and Interpipe NMTZ. (Ukrainian metal)