In January Beloretsk Iron and Steel Works increased shipping of metal wares by 4% YoY, to 37.6 thousand tons. Welding wire for the manufacture of electrodes and low-carbon wire for ferroconcrete structures showed the most increase – by 64% and by 53% respectively. Wire nails sales grew by 48%. Welding alloyed wire sales increased by…
At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…
Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…
In 2017 DTEK decreased coal output by 11.3%, to 27.706 million tons. According to the company statement, the decrease has to do with the loss of control over mines on the non-controlled territory in March 2017. This resulted in anthracite output drop by 52.5%, to 4.791 million tons. At the same time gas-generating coal production…
Energomashspetsstal has received an order from Voestalpine Stahl GmbH. According to the agreement, EMSS will produce and supply two supporting rolls for the cold- and hot-rolling mills to Austria. The total weight of the rolls is 72.32 tons. The delivery of the rolls is scheduled for Q4. The companies have been cooperating since 2010. (Ukrainian…
According to the customs statistics, in 2017 Russia decreased ferrous metals exports by 2.2% YoY, to 42.4 million tons, valued at $18.76 billion, up by 33%. The share of metal exports to far foreign countries grew to 10.2% from 9.8%. Export volumes dropped by 2%, but increased by 28.8% money-wise. Aluminum exports decreased by 4.3%,…
In 2017 companies developing metallic deposits invested $235 million in the operation. In the next 3 years some 3 billion drams more will be invested in the field. Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)
The prospecting of copper ore deposits on the Novopetrovskoye field in the Republic of Bashkortostan is complete. According to the inspection, the deposits have the reserves of 387 thousand tons of R1 copper with the average content of 1.44%, 151 thousand tons of R2 copper (1.28%), 638 thousand tons of R1 zinc (2.37%) and 268…