Russia: gold output up in January-February 2018

In January-February Russia increased the manufacture of raw and semi-raw gold by 2% YoY.

According to the Federal Service of State Statistics, in February output grew by 9.5% YoY and by 40.4% MoM. (Ukrainian metal)

Russia: ChTPZ scrap sales down in 2017

In 2017 the Meta Group of Companies, a part of ChTPZ, sold 1.32 million tons of scrap, down by 2.5% YoY, including 829 thousand tons of its own procurement, up by 69 thousand tons, and 491 thousand tons of transit scrap. Among the group participants the sales growth leaders were Vtorchermet (+30.7 thousand tons), Meta-Chelyabinsk…

Russia: Severstal to increase sales to KAMAZ

In 2018 Severstal will supply at least 60 thousand tons of rolled metal to the largest manufacturer of heavy trucks in Russia – KAMAZ. The deliveries will be carried out according to the agreement on cooperation concluded for this year. The company will supply cold- and hot-rolled sheets, including of high-strength steel grades. Last year…

Kazakhstan: ambitious gold project to be launched

Full-scale operations in Kyzyl, a large gold mine in the East Kazakhstan region, will start in 2019. “Using state-of-the-art technologies, the Bakyrchik Ore Mining and Processing Enterprise is developing a gold deposit with a capacity of 2 million tons of ore per annum. The project will reach the ultimate capacity in 2019 “, Deputy Head…

Russia: metal structures output down in January-February 2018

In January-February Russia produced 636 thousand tons of steel structures, down by 14% YoY.

According to the Federal Service of State Statistics, in February output increased by 10.4% MoM.

Aluminum structures manufacture dropped by 12.8%, to 8 thousand tons. (Ukrainian metal)

Ukraine: local metal deliveries down in January-February 2018

In January-February Ukrainian metal companies produced 2977 thousand tons of rolled metal, of which 2643 thousand tons, or 88.7% were exported. According to Ukrmetallurgprom, local customers received only 334 thousand tons (11.3%). In January-February 2017 Ukraine produced 3188 thousand tons of metal and exported 2536 thousand tons (79.5%), with the rest (652 thousand tons or…

Ukraine: seized metal works in Kerch hiring again

The illegally nationalized Kerch Iron and Steel Works needs employees.

According to the HR office of the company, it is going to hire machine operators, turners, milling machine operators, crane operators, planers, punchers, mechanics, etc.

The usurpers promise monthly bonuses in addition to salary. (Ukrainian metal)

Russia: Severstal pays $549 million of debt

Severstal has bought out all the remaining eurobonds with maturity in 2018. According to the group statement, it has paid $548.62 million for them. “Thus, our obligations to the bond holders have been completely fulfilled”, the company said. Eurobonds valued at $600 million were issued by Steel Capital SA in 2013 with the interest rate…

Ukraine: EMSS to supply supporting rolls to Anyang Steel

Energomashspetsstal will supply two bulk supporting rolls with the combined weight of 230 tons to Anyang Steel (China).

According to the company statement, the first roll will be supplied in October, and the second – in February 2019.

The rolls will be used in hot-rolling 3500-mill. (Ukrainian metal)

Ukraine: Interpipe NTZ profits in 2017

In 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…