Societe Generale has issued a $100-million prepayment to the Russian gold producer GV Gold for gold supplies, the company said in a statement on December 6. Under the deal, GV Gold receives the full sum, and will supply about 3,000 ounces, or 93.3 kilograms of gold per month in the next three years. Payment for…
Zaporizhstal has put into operation the blast furnace No. 4 after capital repairs. Investments in the project totaled some 100 million UAH. The repair lasted for 15 days. The capacity of the blast furnace is 1.1 million tons of pig iron per year. (Ukrainian metal)
In January-November Dneprovsky Iron and Steel Works decreased rolled metal output by 0.8% YoY, to 708 thousand tons. Steel manufacture dropped by 1.5%, to 828 thousand tons, and pig iron – by 15.4%, to 800 thousand tons. In November the works produced 65 thousand tons of rolled metal, 72 thousand tons of steel and 69…
Chelyabinsk Iron and Steel Works has expanded the range of its beam products. The company has mastered the manufacture of 7 new types and sizes of flange beams for the European market. The IPB, IPBL and IPE flange beams are manufactured according to DIN EN 10025-2. They are used in the construction of columns and…
ArcelorMittal Temirtau intends to have completely resumed operation by December 10. Some shops have already resumed operation after a major pipelines accident on November 10. The key task is to launch the converter shop. The manufacture of rebars was resumed on November 22. (Ukrainian metal)
Energomashspetsstal has fulfilled the order of Voestalpine Stahl GmbH, Austria for the delivery of 2 back-up rolls for cold- and hot-rolling mills. The contract has been fulfilled according to the schedule. The agreement was concluded in February. The total weight of the rolls is 72.32 tons. EMSS and Voestalpine have been cooperating since 2010. (Ukrainian…
In November Russia transported 6.15 million tons of ferrous metals (without scrap) via railroad, up by 1.3% YoY. Deliveries to the local market totaled 3.32 million tons, up by 3.9%, while exports grew by 2.8%, to 2.5 million tons. Imports fell by 29.3%, to 253.6 thousand tons. In January-November 70.47 million tons of ferrous metals…
Precious metal prices increased in Azerbaijan on December 6, according to the Central Bank. The price of gold grew by 8.4915 manats, to 2,107.8555 manats per ounce on December 6 compared to the price on December 5. The price of silver went up by 0.0295 manats, to 24.6038 manats per ounce. The price of palladium…