Magnitogorsk Iron and Steel Works (MMK) has decided to use the electronic trading platform B2B Center to choose equipment repair services. This will ensure the openness of tender procedures, as well as automating the collection of proposals from potential contractors and expanding the customer base. “We have successfully tested the capabilities and functionality of B2B…
Prices of gold, silver and platinum decreased in Azerbaijan on October 8, according to the data published by the Central Bank. The price of gold fell by 2.3 manats, to 2,035.3165 manats per ounce on October 8 compared to the price on October 5. The price of silver dropped by 0.1433 manats, to 24.6487 manats…
Alliance Altyn Company is going to put a license for development of Jerooy gold deposit in pledge in a bank to get a loan of $180 million, Daniyar Zhanykulov, head of the company’s public relations department, reported. According to him, the wording of the law on mineral resources, adopted in May, allows companies to carry…
The price of one ounce of gold increased by 17.527 manats or by 0.87% last week in Azerbaijan, to 2,033.8273 manats. The price of one ounce of silver decreased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum grew by 18.3022 manats or 1.32%, to 1,400.0622 manats. While…
An alternative route has been established for the supply of raw materials from Azerbaijan to Tajikistan for the needs of the Tajik Aluminum Company (TALCO), the Tajik Embassy in Azerbaijan reported. This route implies deliveries from Azerbaijan through Russia, Kazakhstan and Uzbekistan to Tajikistan bypassing Turkmenistan. The transit through Turkmenistan has recently been closed, and…
In 5 years the KamAZ foundry works has decreased the level of faulty products 4-fold, to 2.05%. By the next year the works intends to have reduced it by 25% more. According to the chief technical engineer of the company Vitaliy Martemyanov, every day special working groups analyze the conditions of the foundry rigs and…
In January-September Ukraine increased rolled metal output by 6% YoY, to 13.844 million tons. Steel manufacture grew by 4%, to 15.767 million tons and pig iron – by 9%, to 15.288 million tons. In September Ukraine produced 1.657 million tons of pig iron, down by 3.7% MoM, 1.787 million tons of steel (on par) and…
The converter shop of Evraz NTMK – the first converter shop in Russia – is celebrating its 55th anniversary. Since its launch the shop has smelted 140 million tons of steel and produced 70 million tons of steel billets. Now the converter shop boasts four 160-ton converters. It also has four ladle-furnaces and two circulatory…