Interpipe and Vallourec intend to create a joint venture to produce steel pipes for the European market. The cooperation will not cover pipes for oil and gas extraction. The JV will only produce linear pipes, general usage pipes as well as machine-building products. “Pipes will be finished at the line built at Interpipe Niko Tube…
In January-March Kuzbassrazrezugol mined 11.1 million tons of coal (including almost 1.6 million tons of coking coal), up by 2.5% YoY. Sales grew by 1.8%, to 10.3 million tons. Exports accounted for 70% of sales: 7.3 million tons were exported, and 3 million tons supplied to domestic customers. The company factories processed over 10 million…
In January-March Mechel-Materials produced over 47 thousand tons of mineral additives for concrete, up by 14% YoY. This product is used as an alternative to one of the concrete mix components and is manufactured at the line of the grinding and mixing complex commissioned in 2013. Refractory output grew by 44% YoY, to some 40…
In January-March Kazakhstan produced 1.167 million tons of steel, up by 7.6% YoY, with 431 thousand tons produced in March, up by 10.9% YoY and by 21.3% MoM. Ferroalloys output in March reached 168 thousand tons, up by 9.1% MoM and by 1.1% YoY. In 3 months manufacture grew by 2.5% YoY, to 494 thousand…
In January-February Russia exported 495 thousand tons of pipes valued at $390 million, up by 64% and 2.6-fold YoY respectively. According to the customs statistics, Turkey was the main buyer of Russian pipes with the share of 29%, up 23-fold. Finland imported 27.2% of pipes, up by 22.8%. Large diameter pipes accounted for 65% of…
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has launched construction of a processing plant – the key facility of the Gross gold mine in the republic of Yakutia, the company said in a statement on April 19. The plan’s projected processing capacity is 12 million tons of ore per year. The company…
RUSAL has met with Chinese companies and traders this week to discuss purchases of alumina and sales of aluminum as the U.S. sanctions freezed out the Russian producer from markets around the world, Bloomberg reported on April 19, citing people with knowledge of the talks. RUSAL is looking for alternative sources of alumina, the raw…
In a letter sent to KVV Liepājas metalurgs administrator Vita Dika, Privatization Agency’s subsidiary FeLM board member Jānis Rībens and CItadele Bank on 17 April, the consortium, which includes companies like British Steel, Greybull Capital and Estonian company Baltic Metal Holding, affirmed its interest in purchasing all assets of the insolvent company. According to available…
The prices of the main precious metals increased in Azerbaijan on April 19, according to the data published by the Central Bank. The cost of gold increased by 13.906 manats, to 2297.992 manats per troy ounce compared to the price on April 18. The cost of silver increased by 0.8118 manats, to 29.2889 manats per…
The State Committee for Industry, Energy and Subsoil Use announced an auction for the right to explore geologically a placer gold deposit in Naryn region. At-Bashi 1 deposit is located in At-Bashi district of the region. In 1937 Tajikzoloto trust started prospecting works there. They were resumed in 1943. In the 1980s searches in this…
In January-March Russia produced 1.1 million tons of metal structures, down by 5.1% YoY.
According to the Federal Service of State Statistics, in March the output grew by 8.2% MoM. (Ukrainian metal)
DCH, which bought Dneprovsky Iron and Steel Works from Evraz in March, has appointed Gennady Bergeman the company CEO till the end of the year. The decision was made on April 13, as Bergeman’s office would expire on May 3. In 2017 DMZ revenue totaled $586 million, its assets cost $153 million. The company gross…
In January-March Russia decreased output of raw and semi-refined gold, or gold powder by 1.6% YoY.
According to the Federal Service of State Statistics (Rosstat), in March gold output dropped by 7.1% YoY, but increased by 1.7% MoM. (Ukrainian metal)
In January-March TMK sold 980 thousand tons of pipes, up by 1% QoQ and by 16% YoY. Seamless pipes sales remained almost on the level of the previous quarter, but grew by 3% YoY, to 677 thousand tons. Welded pipes sales increased by 4% QoQ and by 64% YoY, to 303 thousand tons. OCTG pipes…
In March the prices of industrial goods dropped by 0.9% after a growth of 1% in February and of 0.1% in January. According to the Federal Service of State Statistics, non-ferrous metals prices increased by 4.5%, pig iron, steel and ferroalloy prices – by 2.8%, other primary steel wares – by 2.5%, and aluminum prices…
Russian aluminum giant UC RUSAL has submitted state support proposals for refining of primary aluminum to the Industry and Trade Ministry, Minister Denis Manturov reported on April 18. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including RUSAL. U.S. Investors were allowed to sell the shares and bonds of…
Russia’s government will not restrict sales of titanium to U.S. aircraft maker Boeing as retaliation to the latest set of U.S. sanctions, as it will hurt domestic titanium producer VSMPO-Avisma, Industry and Trade Minister Denis Manturov said. “We will not support such decisions as they will primarily hurt sales of VSMPO-Avisma. Why would we make…
Izhorsky Pipe Works will produce and supply some 18 thousand tons of large diameter pipes for the construction of pipelines, which will connect the Amur gas-processing plant with the Power of Siberia gas pipeline. According to the contract, ITZ will produce pipes with the diameter of 1420 mm and the wall thickness of 32 mm…
In February, according to the customs statistics, Russia exported 528.4 thousand tons of unalloyed flat rolled metal, down by 25.7% MoM and by 31.1% YoY. In January the results were up by 1.6% and by 17.8% respectively. In 2 months exports totaled 1.24 million tons, down by 9.6% YoY. Turkey imported the most flat metal…
DTEK Ternovskoye Mine Group has put into operation a new, 188th long face. The volume of the industrial reserves there is over 420 thousand tons of coal. DTEK investments totaled 57 million UAH. The length of the long face is 240 meters. It will provide the miners with work till the end of the year.…
The future of Ukrainian mining-metallurgical complex depends on the domestic market. “If the domestic market is strong, there will be construction, machine-building, car manufacture, subway construction. There will be development”, the opposition prime minister Boris Kolesnikov said during his visit to Zaporozhogneupor. According to him, the main problem of Ukrainian mining and metal complex is…
In January-March Priisk Solovievsky mined 220 kg of gold in Amur region, down by 13.6% YoY. All the gold was obtained from the Solovievskoye deposits. This year the company intends to have mined 1 ton of gold there. Thus, so far the company annual target is 22% fulfilled. Alluvial gold extraction will start in the…
The repair of the ore-smelting furnace No. 3 started in the smelting shop at Kola Iron and Steel Works. According to the schedule, the repair will last for 20 days. One of the main events is the replacement of over 800 square meters of roof above the furnace. Unlike the old structure, the new one…
Chelyabinsk Iron and Steel Works has started producing two new types of sections – wide-flanged beams. European metal structures works and construction enterprises will be consumers of the new product. The HEA220 and HEB220 beams are manufactured according to DIN EN 10025-2. The first batch will be shipped this month. This year the company intends…