Last week the price of one ounce of gold decreased by 22.27 manats or by 0.99%. Accordingly, the average price of one ounce of gold stood at 2246.8688 manats. The price of one ounce of silver decreased by 0.2614 manats or by 0.9%, to 28.10186 manats. The price of one ounce of platinum decreased by…
In January and February Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 4.7% YoY and amounted to 13,562 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the accounting period the production of raw silver and semi-processed silver, or in powder form, equaled 151,425…
Izhstal has commissioned a Kieserling line to turn the highest added value bar type. The line produces bright turned sticks with the diameter of 10-25 mm of all the steel grades, manufactured at the works, including stainless, tool and speed steel. The capacity of the line is 3.5 thousand tons per year. Izhstal has 2…
In January-February Khabarovsk region yielded 2216.2 kg of gold and 8.4 tons of silver, up by 3.8%, but down by 1.5% YoY respectively. At present only ore gold is extracted in the region. The alluvial gold season will start in May and last till late October. This year it is planned to obtain 23450 kg…
Last year VSMPO-Avisma increased titanium sales by 14% YoY. The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles. The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by…
The United Metal Company has been named the best manufacturer of pipe products for the oil and gas industry in 2017. The company was awarded this title in 2012, 2013, 2015 and 2016 as well. The results of the rating are based on the survey of major Russian industry players. (Ukrainian metal)
In the first 13 days of March the average daily metal output increased by 2-4% MoM. As of March 13, 19 out of 21 blast furnaces, 12 out of 16 converters, 8 out of 9 open-hearth furnaces, 7 out of 15 electric arc furnaces and all the 14 continuous casting machines were in operation. In…
In February Ukrainian metal companies consumed 160 million cubic meters of natural gas, down by 20 million cubic meters MoM. Average daily consumption dropped by 0.1 million cubic meters, to 5.7 million cubic meters. In January-February Ukrainian metal companies consumed 340 million cubic meters of natural gas, down by 12% YoY. Average daily consumption totaled…