Under the request of the General Prosecutor’s Office of Ukraine the ex-CEO of Zaporozhye Titanium and Magnesium Works Vladimir Korolkov has been detained in Moscow. Korolkov has been declared wanted in 2017 under the investigation of embezzlement of 492 million UAH (14.8 million euro) granted for the modernization of the enterprise. Korolokov has been working…
In January-June Sredneuralsky Copper Smelting Works reports increase in revenue. In particular, its amount has grown almost 2-fold YoY, from 9.19 billion rubles to 16.71 billion rubles. Gross profit totaled 2.73 billion rubles. (Ukrainian metal)
In July Russia produced 4.475 million tons of pig iron, up by 3.9% YoY, with 4.331 million tons produced in June. In January-July Russia increased pig iron output by 1.3% YoY, to 30.39 million tons. Ukraine, though it has left CIS, improved pig iron output by 13.9% YoY, to 1.767 million tons in July, with…
Izhorsky Pipe Works has finished supplying over 100 thousand tons of large diameter pipes for the construction of the Kharampurskoye oil and gas condensate deposits in Yamalo-Nenets Autonomous District. According to the contract, the company started supplying pipes in Q2 2017, having successfully completed the delivery in summer 2018. ITZ produced LDP with the diameter…
In July MMK hot-rolling mill-2000 produced 527.955 thousand tons of metal, having set a new monthly output record. The previous record was set in May, when the mill produced 527.505 thousand tons. The mill, commissioned in 1994, is one the most powerful machines in Russia. It is situated in the sheet-rolling shop No. 10. In…
The prices of precious metals varied in Azerbaijan August 31, according to the data published by the Central Bank. The price of gold increased by 0.2822 manats, to 2,049.027 manats per ounce on August 31 compared to the price on August 30. The price of silver decreased by 0.052 manats, to 24.864 manats per ounce.…
In July Russia produced 6.17 million tons of steel, up by 0.8% YoY, with 5.972 million tons produced in June. In 7 months steel output totaled 42.094 million tons, up by 2.2% YoY. Ukraine, which has already withdrawn from CIS, increased steel output in July by 11.4% YoY, to 1.629 million tons, with 1.711 million…
Chelyabinsk Zinc Works produced a trial batch of wire made of indium alloys. The wire consists of 52% of indium and of 48% of tin. At present the company is studying the market. Trial samples of wire have been sent to prospective customers. (Ukrainian metal)
