Russia: ZSMK sales down in October 2018

In October ZSMK shipped 439.3 thousand tons of metal via railroad, down by 22.4% YoY.

In 10 months sales grew by 1.2%, to 5.22 million tons.

Domestic customers received 1.62 million tons, down by 6.4%, while exports grew by 5.1%, to 3.6 million tons. (Ukrainian metal)

Russia: ChMK sales down in October 2018

In October Chelyabinsk Iron and Steel Works decreased sales by 7.9% YoY, to 234.8 thousand tons.

According to the railroad statistics, in January-October it sold 2.63 million tons of metal, down by 3.5% YoY.

Domestic customers received 2.26 million tons, down by 6.2% YoY, and foreign – 370 thousand tons, up by 17.1%. (Ukrainian metal)

Ukraine: pellets exports in January-October 2018

In January-October Ferrexpo exported 8.41 million tons of iron ore pellets. In particular, Poltava GOK exported 6.3 million tons of pellets and Yeristovo GOK – 2.11 million tons. Metinvest exported 4.44 million tons of pellets, with 1.925 million tons exported by CGOK and 2.516 million tons by SevGOK. Karelsky Okatysh (Russia) shipped 4.438 million tons…

Kazakhstan: Fincraft Resources gets 22% in Petropavlovsk

The mining-metallurgical company Fincraft Resources has concluded a deal to consolidate 22% of Petropavlovsk plc shares by buying Fincraft Holdings Ltd.

The amount of the deal is not disclosed.

Fincraft Holdings Ltd (Cyprus) bought 22.42% in Petropavlovsk in late 2017. (Ukrainian metal)

Russia: Khiagda modernizing transport fleet

Khiagda has received new KamAZ shift automobiles. They will be used to transport employees from the settlement to the industrial objects and deposits. To carry out repair works at pipelines, assemble and disassemble pumps and for loading and unloading the company has bought an Ivanovets truck crane. Next year Khiagda will continue replacing its old…

Russia: Severstal buys Yakovlevsky GOK shares

Severstal has purchased 100% of Yakovlevsky Mining and Processing Works shares for 7.89 billion rubles. Their major part was received as part of the debt payment from Metal-group LLC. In July 2017 Severstal bought out the LLC debt to Gazprom. In 2018 Metal-group was declared bankrupt. Severstal will continue developing Yakovlevsky GOK. This year ore…

Ukraine: 25 million UAH envisioned in state budget for Novovolynskaya mine No. 10.

The state budget for 2019 will provide for 25 million UAH for the Novovolynskaya mine No. 10.

This will help keep the mine in trouble-free operation.

The volume of financing is optimal until the Ministry of energy and coal industry decides on the further operation of the mine or until it is privatized. (Ukrainian metal)

Ukraine: AMKR cooperation with Belarus to become more mutually beneficial

Mutual increase of purchases of in-demand goods will help expand trade and economic relations between Belarus and Ukraine, as Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, mentioned in his speech at Ukrainian-Belarusian forum “Cooperation and partnership”. The forum has been held in Kriviy Rih for the first time. Igor Sokol, the Ambassador…

Russia: Gran to increase gold output by 2020

Gran LLC, the gold-extracting company from Magadan region, intends to have increased alluvial gold extraction to 500 kg by 2020. In the 2018 season the company obtained 300 kg of gold. Last year the output was 281.1 kg. This year the company has commissioned a processing complex with the daily capacity of 1.5-2 thousand cubic…

Russia: metal prices down on November 16-22, 2018

On November 16-22 metal prices index in Central region dropped by 0.13% WoW.

Only rounds saw an increase of 0.18%.

Channel prices fell by 0.43%, cold-rolled metal – by 0.27%.

Hot-rolled sheet decreased in price by 0.24%, and pipes – by 0.22%. (Ukrainian metal)