Total throughput of Cherepovets Iron and Steel Works port during the navigation period has grown by 2.8% YoY, to 4.4 million tons. Metal throughput increased by 3%, to 1.65 million tons. “The increase is the result of the improved logistics, in particular, the use of the same fleet to transport raw materials and metal products”,…
Magnitogorsk Iron and Steel Works (MMK) became a national prizewinner of “Prioritet 2018”, a national award in the area of import substitution in the Metallurgy category. The jury highly praised a unique polymer rolled steel SteelArt produced at MMK-Lysva Metallurgical Plant (part of MMK Group). SteelArt is a polymer rolled product with a decorative coating…
Precious metal prices decreased in Azerbaijan on November 21, according to the data published by the Central Bank. The price of gold dropped by 2.618 manats, to 2,075.4875 manats per ounce on November 21 compared to the price on November 20. The price of silver fell by 0.1212 manats, to 24.3376 manats per ounce. The…
In January-October Ukrainian by-product coke plants imported 9.9 million tons of coking coal and coal concentrate for coking, up by 15% YoY. In October 1.06 million tons of coke were imported, down by 1% MoM. Ukrainian coal deliveries in 10 months dropped by 19%, to 2.19 million tons, with 250 thousand tons supplied in October,…
In January-October Ukrainian metal companies increased gas consumption by 9% YoY, to 1.52 billion cubic meters. In October gas consumption totaled some 140 million cubic meters, down by 7% MoM. In 10 months electricity consumption grew by 8%, to 9.8 billion kW-h. (Ukrainian metal)
In January-August Russia produced 194.23 tons of gold, up from 193.58 tons last year. According to the Ministry of Finances, mined gold output totaled 162.28 tons, up by 2.6% YoY. Co-product and secondary gold manufacture dropped by 13%, to 10.3 tons, and by 8.3%, to 21.65 tons respectively. Silver output grew by 1.8%, to 701.26…
The Vacuum Metallurgy Works is a joint project of Ruspolymet and Group Tinvest on the manufacture of titanium alloys. The commission of the works is scheduled for Q1 2019. The works will have unique machinery. The first of the three main components – the electron beam plant – has already been put into operation. This…
TMK Chermet and Volzhsky Pipe Works have carried out a project to expand the scrap delivery ways by using automobiles. Previously scrap was delivered only via railroad. Under the project an additional exit from the scrap procurement site of TMK Chermet has been created, and three trucks have been prepared. And VTZ has assembled automobile…