In 2018 Russia exported 5.74 million tons of scrap valued at $1660 million, up by 6.9% and by 24.9% YoY respectively. Turkey accounted for some 43% of the purchases, up by 4.9%. In December 2018 the average prices was $256 per ton, up by 2%. The share of Belarus is 24.2%, up by 4.8%, and…
The Ministry of Industry and New Technologies is calling on the Tajik-Iranian gold-extracting company Pakrut to increase output and processing. Since 2014 Pakrut has been fully owned by China Nonferrous Metal International Mining Co., Ltd. The first gold ingots were produced in early 2017. The same year the Pakrut mine was damaged by snow avalanches.…
In January Armenia decreased metal output by 5% YoY. In particular, ferromolybdenum manufacture grew by 40.9% YoY, to 486 tons, as opposed to a drop of 41.4% last year. Molybdenum concentrate output decreased by 14.1%, to 822 tons, copper concentrate – by 14.9%, to 24 thousand tons, and zinc concentrate – by 5.7%, to 729…
While discussing the coal industry development, the President of Uzbekistan ordered the Ministry of Finances and Energy to optimize coal prices in order to improve the industry profitability and cover investment expenses. Even with the high potential of the coal deposits, the plans to mine coal have not been met lately. The technical and technological…
The ChTPZ group has carried out an investment project to modernize the manufacturing complex of the cold-deformed pipes, New Prestar machinery to treat stainless pipes has been assembled at the Pervouralsky Pipe Works. Investments exceeded 15 million rubles. The new machine provides for faster and more precise cutting of pipes with diameter of 83 to…
The Ministry of Energy and Coal Industry is studying the possibility of purchasing mining materials from Poland. The deputy minister Anatoliy Korzun has discussed the issue with the delegation from Uta Labedy S.A. In particular, the delivery of anchoring was discussed. (Ukrainian metal)
Novolipetsk Iron and Steel Works is suspending sending steel slabs to its rolling works in Pennsylvania. According to the group president Oleg Bagrin, this has to do with the company failing to get its semi-finished products out of American steel import duties of 25%. More over, NLMK USA is suspending its investment program of $300-400,…
Zaporizhstal has put into operation a modern complex to trap industrial wastewater under the program of ecological modernization. With its help wastewater drop in the river Dnepr will decrease by 5 million cubic meters per year. Investments in the project totaled 58.5 million UAH. Since 2015 Zaporizhstal investments in environment protection allowed decreasing river pollution…