In January-June Vyksa Iron and Steel Works produced over 425 thousand tons of railroad wheels. The increase in the output is the result of the growing demand, including from the main customer – the Russian Railroads. “The works capacities allow quickly reacting to the changes on the market. Thanks to the efficiency of the manufacture…
In January-June KAZ Minerals increased copper output by 18% YoY, to 139.6 thousand tons. The main driver of the growth was the higher processing at the Aktogay factory. In Q2 the company reached its design capacity. In H1 Bozshakol GOK produced 49.8 thousand tons of copper, Aktogay GOK – 60.5 thousand tons, and Bozumchak mine…
Prices for precious metals in Azerbaijan continue on July 26 the rise, which started on July 23, according to the data published by the Central Bank. The price of gold increased by 11,7725 manats, to 2093,6775 manats per ounce on July 26, compared to the price on July 25. The price of silver increased by…
Steel production of the U.K.-based mining giant Evraz, which operates mainly in Russia, shrank by 2.3% YoY, to 6.832 million tons in January-June, the company said in a statement on July 26. Cast iron production fell by 7.7%, to 5.252 million tons in the period. In April-June the company’s steel output fell by 3.9% QoQ,…
In January-May Belarus increased metal output by 9.3% YoY, to Br2.9 billion. Metal products accounted for 6% in the overall industrial output. Belarus exports metal to Russia, Lithuania, Germany, the Netherlands, Poland, and Ukraine. In 5 months $920.6 million worth of metal were exported, or 7.1% of the total exports. The metal industry is represented…
Stoilensky Mining and Processing Works will optimize the delivery of the ore from the quarry to the processing factory. In particular, the company will build infrastructure to decrease the railroad route by 5 km. The new railroad will be commissioned in 2020. (Ukrainian metal)
Russian Copper Company has finished modernization of the copper wire rod manufacture at the Kyshtym Electrolytic Copper Plant. Within the project a casting machine has been replaced, and a new Southwire breaking-down rolling mill has been assembled, as well as auxiliary equipment. The project allowed increasing the copper wire rod line capacity from 13 tons…
Beloretsk Iron and Steel Works has implemented the electronic workflow with its customers. The system has proved efficient in the tests with RZhD Trading House. The electronic workflow decreases time to deliver documents and expenses on posting and paper, as well as speeds up operation. So far the electronic workflow has been implemented with a…