In 2017 the market of large diameter pipes saw a considerable fall. Chelyabinsk Pipe Works and Pipe Metallurgical Company were left almost without orders. According to ChTPZ, the demand for LDP (530 to 1420 mm) decreased by 25%. In 2016 Russia sold 2.1 million tons of pipes, while in 2017 – 1.6 million tons. Analysts…
In January-March Irkutsk region yielded 3259.2 kg of gold, up by 34% YoY. Ore gold accounted for 3258.6 kg. In particular, Polyus Verninskoye extracted 1605.8 kg, Vysochaishiy – 1102 kg, Druza LLC – 180.8 kg and Ugakhan LLC – 370 kg. Alluvial gold output totaled 0.6 kg, all obtained by Lenzoloto enterprises. In January-February gold…
In 2013-2017 the market of stainless pipes witnessed a growth trend (by 26 thousand tons, or by 54%). This was mostly the result of the welded pipes consumption growth (by 20 thousand tons, or by 80%). In 2017 there was a sharp increase in demand for seamless stainless pipes, as the volume of the market…
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, was included in a list of candidates to a new board of directors of metals giant Norilsk Nickel, Norilsk Nickel said in a statement on April 5. RUSAL, which owns 27.8% in Norilsk Nickel, nominated a total of five people to the company’s board,…
In 2018 Mechel intends to reach coal output at the level of 23.3 million tons. “In particular, UKUZ is expected to yield 9.5 million tons, Yakutugol – 8.5 million tons and Elga – 5.3 million tons. Coking coal concentrate will total 10.7 million tons. Power-generating coal output – 5.8 million tons”, the company CEO Oleg…
The minister of energy and coal industry Igor Nasalik has called on the Verkhovna Rada to provide funds to modernize the coal industry. “Without financing and investments in modernization the coal industry will not develop. The ministry has designed a plan to reform the industry, but so far we have not found funds. If this…
The European Union decided to stop the antidumping investigation on the imports of ferrosilicon from Ukraine and Egypt. The European Commission announced the cancellation of the investigation on April 4, as the Association of European ferro-alloy Producers had revoked its application on February 27. The antidumping investigation began in August 2017. (Ukrainian metal)
The prices of gold, platinum and palladium decreased in Azerbaijan on April 6, while price of silver increased, according to the data published by the Central Bank. The cost of gold decreased by 0.646 manats, to 2257.855 manats per troy ounce compared to the price on April 5. The cost of silver increased by 0.17…
