Gold, silver and palladium prices decreased in Azerbaijan. The price of gold dropped by 2.057 manats, to 2,241.3055 manats per ounce on February 1 compared to the price on January 31. The price of silver fell by 0.1234 manats, to 27.1336 manats per ounce. The price of platinum increased by 4.352 manats to 1,393.5920 manats.…
In 2018 Metinvest produced 27.353 million tons of iron ore concentrate, almost flat YoY. Pellets output grew by 30%, to 7.484 million tons. In Q4 2018 concentrate manufacture increased by 4% QoQ, to 6.813 million tons mostly because of the output growth at SevGOK by 258 thousand tons. At the same time pellets manufacture dropped…
In 2018 Metinvest decreased steel output by 1% YoY, to 7.32 million tons. In particular, Azovstal output dropped by 4%, to 4.08 million tons, while Mariupol Ilyich Iron and Steel Works manufacture grew by 5%, to 3.24 million tons. Pig iron production went up by 3%, to 8.21 million tons. In particular, the increase of…
Kandalaksha Aluminum Works, owned by Rusal, resumes exports to the European market. Russian aluminum will be coming to Europe through the border with Finland. According to the customs statistics, for the past 1.5 years the company has not been exporting aluminum to Europe. (Ukrainian metal)
In 2018 Kazchrome mined 480 thousand tons of manganese ore, up from 400 thousand tons in 2017. Last year the company produced around 150 thousand tons of manganese concentrate, up 1.5-fold YoY. Another company asset – Aktyubinsk Ferroalloy Works – increased output by 16.7%, to 630 thousand tons. (Ukrainian metal)
The Orenburg region organization of the Mining and Metallurgical Union of Russia received an order of the Svetly Ferronickel Plant CEO on the firing of all its employees (192) from April 30 because of the difficult financial situation. The plant is the main employer of the farthest regional center – the Svetly settlement. By the…
Mechel-Service has supplied over 2 thousand tons of rolled metal for the construction of a road junction on the M-5 Ural road. Most of the metal used in construction is rebars of 35GS and 25G2S steel grade produced by Chelyabinsk Iron and Steel Works. The plant will soon produce and ship a batch of welded…
In late 2018 a delegation of Yekaterinburg Non-Ferrous Metals Processing Works visited Uzbekistan. The members of the company met with the representatives of two mining and processing works, cement manufacturer and continuous basalt fiber enterprise. The latter is already a customer of EZOTsM. The company intends to increase exports to Uzbekistan at least 2-2.5-fold. The…