Under the project to construct the Miory Metal-Rolling Works, MetProm has started assembling a rolling-temper mill. The assembly is scheduled to be completed in late May. The construction will be carried out in 2 stages. The first stage will have the capacity of 150 thousand tons of metal products per year. And the second will…
Interpipe may start importing scrap to cover the shortage on the local market. “So far we see only one option – long-term imports”, the company CFO Denis Morozov said. “At the same time, unfortunately, Ukrainian infrastructure is not ready for scrap imports – neither ports, nor railroad”, he added. Scrap is the main raw material…
In January-February Luchegorsk Coal Pit mined 752 thousand tons of coal at the Bikinskoye deposit in Primorye region. In particular, in January the enterprise mined 370 thousand tons of coal and in February – 382 thousand tons. This year the enterprise intends to mine 4.6 million tons of coal. Thus, the annual target has been…
Severstal Steel Decisions has finished delivering the main metal frame for the construction of a power plant in Perm region. The metal structures will be used to construct the building frame of the mini-power plant. The height of the one-storey building will be 26 meters. The total weight of metal structures produced is 400 tons.…
Cherepovets Iron and Steel Works has put into operation an electric bridge crane valued at some 60 million rubles. The new crane with the capacity of 35/15 tons will be used to transport bulky rolls weighing up to 30 tons in the metal coating shop No. 1. The crane-replacement program started in 2016 in order…
Production of unwrought gold and semi-processed gold or in powder form reached 14,315 kg in January-February, up by 5% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports.
In the accounting period output of unwrought and semi-processed silver or in the powder form made 128,576 kg, down by 5.1%. (Kazinform/Ukrainian metal)
The state enterprise Lvivugol intends to sign an agreement with the Lviv Coal Company to process coal valued at 133.46 million UAH. The purchase has been carried out on the basis of negotiations, as the previous purchase has been cancelled three times due to the lack of participants. The original terms were 920.400 tons of…
In 2018 Ukraine exported 2.27 million tons of metal valued at $1.32 billion to Russia, up by 15.9% and by 21.4% YoY respectively. Bars and sections accounted for 52% of the exports, up by 20.8%, including construction rebars and rolled wire (53%, up 1.75-fold). The exports of flat rolled metal increased by 1.8%, to 33.3%.…
Polymetal Int will start extracting platinum at the Viksha deposit in Karelia in 2025.
Investments in the deposit are estimated at $500 million.
The development is expected to last for 30 years.
Polymetal bought the Viksha in 2012. And it became its first platinum group deposit. (Ukrainian metal)
In 2018 Russia exported 1,64 million tons of steel valued at $1103 million to Kazakhstan, down by 11.8%, but up by 2.3% YoY respectively. According to the customs statistics, this is the largest result in the past three years. The share of bars and sections is 35%, down by 27.5%, and flat rolled metal –…
In 2018 Russia exported 5.05 million tons of steel rolled metal and pipes to Turkey valued at $2973 billion, down by 11.8% and up by 6.1% YoY respectively. According to the customs statistics, flat rolled metal accounted for 50% of exports, including thin-sheet steel (80%, down by 13.7%). Exports of semi-finished products decreased by 10%,…
Magnitogorsk Iron and Steel Works (MMK) sold a record amount of galvanized steel in 2018 – around 1.3 million tons. MMK’s share in the product’s consumption in Russia amounts to 34%. According to the Senior Manager of MMK’s Coated Products Sales, Vadim Dorofeev, who spoke at the 14th International Conference “Galvanized and painted steel –…
The gold and silver prices increased in Azerbaijan on March 18. The price of gold grew by 3.009 manats, to 2,209.813 manats per ounce compared to the price on March 15. The price of silver went up by 0.0371 manats, to 25.999 manats per ounce. The price of platinum decreased by 1.394 manats to 1,408.654…
The price of one ounce of gold increased by 0.9095 manats or by 0.4% last week in Azerbaijan, to 2,210.0612 manats. The price of one ounce of silver decreased by 0.0671 manats or by 0.3%, to 26.1093 manats. The price of one ounce of platinum grew by 24.2505 manats or by 1.8%, to 1,407.8193 manats.…
Polymetal International plc has started carrying out a project to construct the second stage of Amur Hydrometallurgical Works. The commissioning is scheduled for Q3 2023. At present the AGMK is processing raw materials from the Albazino deposit in Khabarovsk region, Mayskoye in Chukotka and Abyrchik in Kazakhstan. When the second stage is commissioned, the enterprise…
For the third year in a row Taganrog Iron and Steel Works has been receiving losses. Thus, in 2018 Tagmet net losses amounted to 2.139 billion rubles, up by 15% YoY. In 2017 the losses exceeded 1.86 billion rubles, and in 2016 – 885 million rubles. In 2012-2015 the company was seeing profit. Last year…
In January-February Zaporozhye Iron Ore Complex increased iron ore output by 0.5% YoY, to 739 thousand tons. The iron content was 60.87%. The enterprise sold 786.6 thousand tons of iron ore raw materials, up by 4.6% from the target. In February ZZhRK mined 371.5 thousand tons of ore, up by 1%, with iron content of…
In January-February Magadan region mined 90 thousand tons of coal, down by 10% YoY. Three companies mine coal in the region – Kolyma Coal Company LLC, Association of Business Cooperation and the North-Eastern Coal Company LLC, but at present the latter is not operating. Last year the region extracted 401.7 thousand tons of coal. (Ukrainian…
Uralelectromed has started assembling a new machine – the 1000-ton Hidroliskan press in the powder wares shop. The machine will improve the technological capabilities of the shop and increase its output volume. Uralelectromed is the largest manufacturer of copper powder wares in Russia. It has been producing such wares since 1993. Since then the shop…
Yakovlevsky Mining and Processing Works has assembled a new complex to crush and transport ore at its crushing and sorting factory. Under the program of modernization, the enterprise has put into operation a new Metso crushing machine. The machine can process ore up to 10 mm fraction. Its capacity is 400 tons per hour, up…
In February Ukraine exported 227.6 million tons of pig iron valued at $71.6 million, down by 17.6% and by 24.6% MoM respectively. According to the State Fiscal Service, the share of pig iron in the foreign trade volume was 2.09%. US bought more than half of Ukrainian pig iron – 69.78%, or 55.5 thousand tons.…
Moody’s Investors Service has improved the corporate credit rating of Metalloinvest from Ba2 to Ba1. At the same time the outlook has been decreased from positive to stable. The improvement of the rating reflects the decrease of the debt burden, stable cash flow, a high liquidity level as well as the improvement of the corporate…
NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…
The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…