As of June 5, the total salary debts to miners for two months have reached 1 billion UAH. Salary debts at state mines total 400 million UAH, according to the Ministry of energy and coal industry, but in reality the sum is almost 1 billion UAH, as the ministry does not take into account 500…
In May Kosaya Gora Iron and Steel Works was producing ferromanganese in two blast furnaces. The output totaled 13 thousand tons. The growth allowed replenishing stocks and increasing sales. In particular, in May KMZ sold 6.7 thousand tons of ferromanganese, up by 36% MoM. (Ukrainian metal)
Novocherkassk Electrode Works has loaded the first batch of graphitized electrodes into a new roasting furnace. The machine can produce electrodes with the diameter of 610, 650 and 710 mm. The capacity of the furnace is over 1 thousand tons of electrodes per month. The company is carrying out a modernization program, reconstructing all of…
In May Severstal – Bar Works Balakovo produced 74.5 thousand tons of metal. Since its commissioning in 2014 the company has been constantly increasing its product range. “The increase in output is due to the growth of production at the rolling mill. The works combines three rolling mills in one. We produce sections, and rebars…
Russian metals producer Mechel has prolonged its coal supply agreement to Japan’s JFE Steel for three years, until June 2021, the company said in a statement on June 7. Mechel will ship up to 1.5 million tons of coking coal concentrate produced by Mechel’s affiliate Yakutugol and PCI coal of Yuzhny Kuzbass to JFE Steel…
The prices of main precious metals increased in Azerbaijan on June 7, according to the data published by the Central Bank. The cost of gold increased by 0.6545 manats, to 2,205.325 manats per ounce compared to the price on June 6. The cost of silver increased by 0.2545 manats, to 28.3367 manats per ounce. The…
The increase of the export duty for ferrous scrap from 30 euros per ton to 42 euros will not directly affect Ukrainian obligations under the Association agreement with EU. According to the vice-prime minister on European and Euroatlantic integration Ivanna Klympush-Tsintsadze, exporters of scrap to EU paid the duty of 7.5 euros per ton and…
In May Ukraine produced 1.58 million tons of pig iron, down by 4% MoM. Steel smelting dropped by 2%, to 1.695 million tons, while rolled metal manufacture grew by 3%, to 1.55 million tons. The decrease in pig iron and steel production is the result of ArcelorMittal Kriviy Rih blast furnace No. 9 repair. Pig…