Russia: VSMPO-Avisma to put new mill in operation

VSMPO-Avisma has signed the acceptance report on the new ring-rolling mill to make products of titanium alloys for engine manufacturing.

With the new mill the corporation will be able to produce titanium rings with highly complex outer and inner sections. The mill can produce rings with up to 3500 mm diameter. (Ukrainian metal)

Azerbaijan: AzerGold to produce over 1 ton of gold

The AzerGold company, which is engaged in exploration, development and management of non-ferrous metal deposits, plans to produce almost 1.3 tons of gold and two tons of silver at the Chovdar mine in Azerbaijan’s Dashkasan district in 2017, according to the report on the activities of the Azerbaijani government for 2016. In the subsequent years,…

Ukraine: scrap exports up in January-February 2017

In January-February Ukraine exported 17.78 thousand tons of ferrous scrap valued at $3.655 million, up by 77.9% and by 70.7% YoY respectively. Scrap imports increased by 63.2% YoY, to 6.755 thousand tons, valued at $4.878 thousand, up 4.1-fold. Turkey (79.87%), Moldova (16.6%) and Russia (3.5%) were the main suppliers of scrap, with Turkey (92.97%), the…

Ukraine: ferrous metals revenue up in January-February 2017

In January-February Ukraine exported $1.346 billion worth of ferrous metals, up by 46.3% YoY. According to the State Fiscal Service, ferrous metals amounted to 21.48% in the total export as opposed to 19.48% in January-February 2016. In February ferrous metals export revenues reached $691.81 million. In January-February Ukraine imported $114.98 million ($60.53 million in February)…

Russia: Uralmashzavod to supply rolls to AMT

Uralmashzavod will supply 1 thousand tons of back-up rolls for hot-rolling to ArcelorMittal Temirtau.

According to the company statement, the rolls will be supplied in Q3-4.

Uralmashzavod has finished the first stage of its roll manufacture modernization, which allows it to increase output and improve quality. (Ukrainian metal)

Russia: Armalit developing automatic welding of valves

Armalit (Saint Petersburg) has put into operation the robotized welding complex on the basis of an industrial robot.

The robot allowed the company to implement adaptive welding.

With the robot put into operation the capacity of the company increased 2.5-fold. (Ukrainian metal)

Russia: Amurmetal to produce 12 thousand tons of steel in March 2017

The Khabarovsk region governor Vyacheslav Shport together with the new owners, representatives of Torex, visited Amurmetal.

According to the company representatives, the situation at the works was stable, salary issues have been settled. In March the works plans to produce 12 thousand tons of steel from raw materials supplied by Torex. (Ukrainian metal)

Russia: Fitch upgrades Nordgold’s rating outlook to Positive from Stable

Global rating agency Fitch has revised the outlook for the ratings of gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, to Positive from Stable, the agency said in a release. The company’s long-term issuer’s default rating has been affirmed at “BB-“. “The affirmation of the company’s ratings reflects operational and financial results in…