MMK-Metiz intends to commission a new mill to produce gauge wares this year. Investments totaled 600 million rubles. The company plans to modernize the manufacture of galvanized products and pipe fasteners. The large-scale investment program started in 2017. (Ukrainian metal)
In April-June Yakutugol mined 1.6 million tons of coal, up by 40% QoQ. Mine stripping increased by 25%, to 11.7 million cubic meters. Coal processing totaled 1.3 million tons, up by 12%. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has produced the 2.5-mllionth ton of rolled metal since its rail and beam mill was commissioned. The mill was commissioned in 2013. Of 2.5 million tons rails account for 1 million tons, or 40%. Over 70% of the rails manufactured were supplied to RZD. (Ukrainian metal)
Severstal Distribution has supplied sheet metal for the 100-meter flagpole erected in Hamina to celebrate 100 years of Finland’s independence. The flagpole structure has been designed and produced by Severstal Distribution partner – Amira Group of Companies. The sections of the pole are made of 09G2S sheet steel with the diameter of 6 to 12…
In May Russia exported 246 tons of cobalt matte, down by 68.6% MoM and by 22.2% YoY. In 5 months exports dropped by 3.2%, to 1.9 thousand tons. In monetary terms since the start of the year the exports have decreased by 54%. Export prices in May dropped by 5% MoM, to $24 per kg.…
Since the start of the washing season Uryum has extracted 159.3 kg of gold, down by 6.3% YoY. The company started operating at its sites on May 20. The decrease in the output is due to flooding of some sites. Uryum is developing alluvial deposits in Zabaikalye region. In early July the Bukhta-Bugarikhta and Bolshemogochinshkoye…
ArcelorMittal’s Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment has been seized following a security service investigation, the plant’s acting head Oleksandr Ivanov said. The probe into Ukraine’s largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelensky, who has promised…
In Karaganda region Prime Minister of the Republic of Kazakhstan Askar Mamin participated in the grand opening of a ferroalloy plant and visited several mining and processing enterprises. The head of government congratulated those present on the launch of a new ferroalloy plant, underscoring the importance of a high-tech enterprise for further socio-economic development of…