The State commission on reserves has positively assessed the report on the reserves of the rare-earth metal raw materials at the Chuktukon deposit. The deposit is situated in the Krasnoyarare earthrsk region. The prospecting work was carried out in 2014-2018. According to the report, the reserves of the deposit are as follows: rare earth trioxides…
The Arbitrary court of the Sverdlovsk region has ordered Russkiy Chrome 1915 to pay 13.8 million rubles for the damage done to the environment. The fine was imposed in 2017. The defendant asked to decrease the fine, as it had partially paid it. But the court ruled fr the complete Russkiy Chrome payment. (Ukrainian metal)
A subsidiary of the state holding Rosgeologia has obtained all the necessary permits on the project to study the Gitche-Tyrnyauzskoye ore field. The corresponding state contract was concluded last summer. The size of the field in Kabardino-Balkaria is 1.7 square km. The project will be carried out till the end of 2020. (Ukrainian metal)
In 2018 Beloretsk Iron and Steel Works decreased net profit by 8% YoY, to 925 million rubles. The revenue grew by 6%, to 25.37 billion rubles. Exports increased by 37%, to 5.7 billion rubles, while sales on the domestic market dropped by 0.5%, to 19.65 billion rubles. The company accounts receivable increased from 6.27 billion…
In 2018 Russia exported 8.246 thousand tons of stainless steel products, up by 18% YoY. The share of the flat rolled metal grew from 18.8% to 28.2%, that of bars – from 24.6% to 27%, of wire from 1.1% to 1.4%, electric welded pipes – from 11.6% to 13.9% and of pipe fittings from 1.8%…
Dneprovsky Iron and Steel Works will host an extraordinary meeting of the shareholders on February 25. The meeting will start at 10 a. m. DMZ manufactures steel, pig iron, rolled metal and wares. In 2011 it was merged with Dneprokoks. (Ukrainian metal)
According to TMK, in 2019 the Russian pipe market will mostly follow trends of the previous year. In 2018 pipes consumption dropped slightly following the decrease in housing construction. At the same time OCTG and large diameter pipes witnessed an increase in demand. This year TMK expects the growth of local pipe consumption by 2%…
The first batch of polymetallic ore from the Uzynzhal deposit in Karaganda region has been sent for processing at the Altai works of Kazzinc via railroad. The deposit is being developed by Zhairem Mining and Processing Works. (Ukrainian metal)