Last week the price of one ounce of gold increased by 41.03 manats or by 1.6%. Accordingly, the average price of one ounce of gold stood at 2,573.0747 manats. The price of one ounce of silver grew by 0.5347 manats or by 1.8%, to 29.1772 manats. The price of one ounce of platinum decreased by…
In July Russia imported 37.12 thousand tons of stainless steel, up by 27.9% MoM and by 0.9% YoY. Imports of flat rolled metal grew by 26.3% MoM, of bars – by 44.1%, of seamless pipes – by 23.1%, of electric welded pipes – by 50.8%, of wire – by 56.7% and of pipe fittings –…
The Moscow subsidiary of the First Cargo Company in January-July transported 946 thousand tons of ferrous scrap, up by 6% YoY. “This year our key clients – Severstal and NLMK – have increased loading of ferrous scrap due to the high demand on the domestic market”, the subsidiary deputy director on transportation Sergey Pronin said.…
In January-June Urtuysky Coal Pit increased output by 35.4% YoY, to 1.646 million tons. This year it was decided to increase target output by 10%, to 3.5 million tons. Last year 3.028 million tons of coal were mined. Urtuyskoye deposit reserves amount to 129.4 million tons of coal. (Ukrainian metal)
Mechel-Service has supplies some 1200 tons of rolled metal for the construction of the Khabarovsk bypass road. This is the first public-state partnership project in the Far East transport sphere and the largest in Khabarovsk region. Chelyabinsk Iron and Steel Works rebars and sheets are used in the construction. Metal wares, pipes and bars are…
Andrey Chernyshov, CEO of a major metal center Permmetal, has left the company. Now the company will be managed via Regionbiznesproekt from Moscow. Permmetal has separate divisions in the cities of Yekaterinburg and Chelyabinsk as well as controls a subsidiary Service Trade LLC in Moscow. In 2018 the company received revenue of 7.8 billion rubles…
According to the Federal Service of State Statistics, in January-June Russia produced 25.6 million tons of pig iron, down by 1.4% YoY. In June output dropped by 3.7% MoM and by 3.1% YoY. Rolled metal manufacture in 6 months grew by 0.2%, to 30.8 million tons. In June output decreased by 3.7% MoM, but increased…
Operations on the Denisovskaya mine of Russian coal producer Kolmar in the republic of Yakutia were suspended due to a fire on a supporting power utility, an official in the regional emergency services reported. “The mine has been disconnected from electric power, work have been suspended,” the official said, adding that there were no victims…