The prices of the main precious metals increased on May 31, according to the data published by the Central Bank. The cost of gold increased by 7.7095 manats, to 2215.61 manats per ounce compared to the price on May 30. The cost of silver increased by 0.2793 manats, to 28.0939 manats per ounce. The cost…
By mid-June, according to the schedule, the tests of the roughing stand of the new Danieli-Freling hot-rolling mill will be completed. In late June the stand will be put into operation and will start producing plates with the thickness of 20-210 mm. The finishing stand will be commissioned in the third part of June. The…
Rechitsa Metal Wares Works dip-galvanizing shop was put into operation in 2011. It is capable of galvanizing metal structures with the length of 12.5 m, width of 1.5 m and height of 2.5 m, as well as pipes with the length of 4-8.2 m. Its capacity is 130 tons per month. The company is also…
NLMK has started modernizing its heavy quarry machinery park, having received 4 BelAZ-75453 trucks. The new model replaces the outdated BelAZ-7547. It features lower operational expenses and improved technical characteristics. The main novelty is a powerful engine. In June the new machines will start operating. At present the company uses 31 BelAZ quarry dump trucks.…
Russia will stop exporting ferrous metals scrap from its three major ports on the Far East from July 21 for 6 month. According to Torex, the owner of Amurmetal, this will affect the trade of Russian companies with South Korean works in the ports of Vladivostok, Nakhodka and Slavyanka amounting to 1 million tons per…
In January-March KMAruda decreased net profit 1.5-fold YoY, to 358 million rubles. According to the company report, the decrease has to do with the drop of revenue from iron ore concentrate sales by 4%. In Q1 the profitability was 50.1%, down by 24.6% YoY, as the price increased by 5%, but the prime cost of…
In April Chelyabinsk Iron and Steel Works increased railroad sales of rolled steel by 1.9% YoY, to 270.8 thousand tons. In January-April sales reached 1.2 million tons, down by 0.8% YoY. Deliveries to domestic customers dropped by 3.6%, to 960 thousand tons, while exports grew by 20.5%, to 160 thousand tons. In February railroad deliveries…
Head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk says the budgetary efficiency from the bill, which established a duty on scrap metal exports from Ukraine, is estimated at UAH 1 billion ($38.3 million) per year. “Raw materials must remain within the country. They must be processed into finished products to create…
