The government on January 5 transferred the rights of 15% of Zangezur Copper and Molybdenum Combine CJSC to the management of the Armenian National Interests Fund. Prime Minister Nikol Pashinyan said the state had a share in the Zangezur Combine and weighed in on criticism concerning possible corruption risks. “This deal seemed dubious to many,…
In 2021, Ukraine procured 4.136 million tons of scrap, up by 34.6% YoY. According to the UAVtormet Association, scrap deliveries to metal companies grew by 15%, to 3.323 million tons. Exports went up 17-fold, to 615.7 thousand tons, while import dropped by 12.8%, to 23 thousand tons. As of January 1, scrap reserves amounted to…
Azovstal has completed the replacement of the mixer No. 2 frame in the mixer department of the converter shop. Investments amounted to 254.4 million UAH. The new frame is made of a stronger steel grade. The project was launched in 2019. The new frame was delivered in mid-2020. Assembly lasted for 9 months. (Ukrainian metal)
Kyrgyzstan imposed a temporary ban on the export of scrap metal outside the countries of the Eurasian Economic Union. The corresponding decree of the Cabinet of Ministers was signed by its head Akylbek Japarov. The document stipulates that within six months it is forbidden to export scrap and waste of ferrous metals from Kyrgyzstan outside…
Dneprovskiy Iron and Steel Works has suspended its blast furnace, steel smelting and rolling manufacture for a month to carry out machinery repair. “DMZ suspends its operation every January to carry out current repairs in the main shops. The coke shop is operating though, as the 4 coke-oven batteries have been repaired there”, the DCH…
In 2021, Amur region produced 22 tons of gold, down by 7% YoY. The drop was mainly due to the reconstruction of a factory at the Pioner mine, an accident at the Berezitoviy mine, summer floods and thinning of raw materials base. This year, an increase in output is expected thanks to the reconstruction of…
Yuzhniy Mining and Processing Works expects to increase iron ore concentrate output by 5.5% YoY in 2021, to 13.5 million tons. This would be the highest result in the company operation in 30 years. Last year, UGOK completed the reconstruction of the Miners’ Glory Square, as well as repair of the Polytechnic college workshops. (Ukrainian…
Ukrzaliznytsia has successfully held 10 out of 13 auctions to sell non-ferrous metal scrap having received 52.1 million UAH. 602.7 tons of scrap was sold. Three auctions were cancelled due to the insufficient number of participants. During trade, the cost of lots grew by 10.5%, or by 5 million UAH. The scrap included copper, lead,…