In December 2017, 7.2 million tons of ferrous metals were transported via railroad, up by 14.3% YoY. And in 2017 railroads transported 73 million tons of ferrous metals, up by 2.8% YoY. According to Rosstat, in 2017 rolled metal output grew by 0.7%, pig iron – by 0.5%, pipes – by 4.8% and ferrous metals…
Chelyabinsk Iron and Steel Works has confirmed correspondence of 60E1 and 60E2 heat-strengthened rails manufacture to TSI requirements. The certificates obtained allow the company exporting products to the EU. ChMK started manufacturing these types of rails of R350HT steel grade specifically for the European market. The audit has been carried out by TUV Nord. (Ukrainian…
In 2017 Ferrexpo exported 10.406 million tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 7.821 million tons and Yeristovo GOK – 2.585 million tons. Karelsky Okatysh exported 5.599 million tons of pellets, Metalloinvest – 5257.7 thousand tons, including 3.115 million tons from Mikhaylovsky GOK and 2.142 million tons from Lebedinsky…
In 2017 Norilsk Nickel decreased nickel output by 8% YoY, to 217.112 thousand tons. According to the company statement, copper output grew by 11%, to 401.083 thousand tons. Palladium manufacture increased by 6%, to 2.78 million ounces, and platinum – by 4%, to 670 thousand ounces. The company operational director Sergey Dyachenko said, that in…
UniCredit Bank Austria sealed a deal with Belarus Iron and Steel Works (BMZ trademark) to open a 15 million euros credit line in 2018, Belarus’ Deputy Industry Minister Gennady Svidersky reported. He drew attention to the fact that the reputable European bank would lend the money directly to the Belarusian-based enterprise. In the future, the…
In 2018 Ukraine is expected to increase steel output by 8% YoY, to 22.5-23.3 million tons. “This is our careful forecast. The growth will be 7.6-9.4%. These are quite achievable results, if we avoid such shocks as in 2017”, Ukrmetallurgprom president Alexander Kalenkov said. According to him, in 2017 Ukraine produced 21.3 million tons of…
In 2017 Petropavlovsk Plc increased gold output by 9.8% YoY, to 439.6 thousand ounces (13.7 tons), while the plan was 420-460 thousand ounces. The prime cost of the gold manufacture last year was over $700 per ounce, higher than the expected range of $600-700 per ounce. Gold sales totaled 439.8 thousand ounces at the average…
The Ministry of Finances has prepared a draft bill to allow obtaining alluvial gold. When the bill is passed, the population will be able to freely extract alluvial gold on the riverbanks not owned by any company. But a license from the Ministry of Finances will be required for such an activity. The gold obtained…