Russia’s output of unrefined and semi-refined or powder platinum and platinum group metals fell by 54.8% YoY and by 73.4% MoM in January, the Federal State Statistics Service said without disclosing absolute figures. Silver output fell by 37% MoM in the period. (Prime/Ukrainian metal)
In March ArcelorMittal Kriviy Rih will shut down its two-bath steel-smelting machine No. 6. This will mean the shut down of the open-hearth shop. The premises will be used as a refractory materials warehouse. Since the open-hearth furnace No. 4 was shut down and disassembled in 2011, AMKR has been utilizing only the machine No.…
Metinvest has paid 10 million UAH of compensation for damages to environment imposed after an inspection of the Mariupol Iliych Iron and Steel Works. This is the first time that MMK has paid such an amount for the breach of environment protection legislation. In particular, the company was violating regulations of waste treatment. (Ukrainian metal)
Evraz Metal Inprom has delivered over 3 thousand tons of rolled metal for the Sakhalin-2 project to develop oil and gas deposits. In H2 2019, the EMI subsidiary in Yuzhno-Sakhalinsk supplied 3.4 thousand tons of rebars for the construction of the compressor station. In February 1 thousand tons more will be supplied. (Ukrainian metal)
In 2019, Azerbaijan more than doubled its gold exports, exporting as much as 4,802 kg of gold worth $172 million 435,300. The entire volume was exported to Switzerland. In 2018, gold exports from Azerbaijan amounted to 2,904 kg worth $118 million 39,420. Thus, during the reporting period, gold export increased quantitatively by 65.4% and by…
This year Tula-Steel intends to produce 1.8 million tons of steel and 1.7 million tons of rolled metal. The company has reached positive results in the manufacture of rebars with the diameter of 8 to 36 mm. Rebars with the most popular diameters among customers – 12, 16 and 20 mm – account for the…
In 2020 rolled metal consumption in Russia will grow insignificantly. According to Denis Chernenko, MMK marketing department director, it would reach 47.5 million tons. In 2019 MMK sold 8.3 million tons of rolled metal in Russia, including 2.69 million tons to metal traders and servicing centers. (Ukrainian metal)
In 2019 Yuzhuralnickel received net profit of 142.2 million rubles. A year earlier the works received 478 million rubles of net profit. Revenue grew 1.5-fold, to 198 million rubles. Sales losses amounted to 71 million rubles as opposed to a profit of 145 million rubles in 2018. (Ukrainian metal)
