In 2016 Russia exported 22.4 tons of gold, down by 43% YoY, while the output remained on the previous year level. Though there is still no data on January-November 2016 output the Union of gold-miners expects the figure to be on the level of 295-297 tons. Central bank bought the most gold on the local…
In 2016 Nikolaev Alumina Works produced 1.51 million tons of alumina, up by 2% YoY. In Q4 2016 the company produced 407 thousand tons of alumina, up by 12.3% QoQ. Under the project to increase alumina output to 1.7 million tons the works invested $7 million in 2016. This year NGZ intends to keep increasing…
Uralelectromed, a part of UMMC, has finished the repairs of its shaft kiln, one of the main equipments to produce wire rod. The repair cost around 10 million rubles. According to the department director Maxim Prosvetov, the repair was carried out in 20 days. 80 tons of refractory materials were used in the kiln modernization.…
The town of Avdiivka, Avdiivka Coke and Chemical Works and the Donetsk filtering plant have been cut off the electricity grid following the shelling. “One of the two water-heating boilers is operating, we will be providing heat but at a lower volume”, the company CEO Musa Magomedov reported. On January 30, the plant was completely…
In January Russian manufacturers increased prices by 12.7% YoY. According to Rosstat, the highest increase was observed in iron ore prices – by 21.7%. Machinery and equipment for metal industry increased in price by 16.8%, quarrying machinery – by 15.8%. Copper prices went up by 6%, pig iron, steel and ferroalloys – by 4.6% on…
The Apollo metal structures works (Samara) has finished delivering structures for the booster compressor plant at the Sharkiy Berdakh oil-and-gas deposits (Uzbekistan). The company has supplied cable rack and pillars for units. The weight of the structures totaled 171 tons. The Sharkiy Berdakh is being developed by Uzbekneftegaz, which is constructing the booster compressor plant…
The governor of the Rostiv region Vasily Golubev has visited the Aluminiy Metallurg Rus works in the Belokalitvensky district. According to the press-service of the regional government, after the owner changed at the works in 2015 and with the help of the state support the company has been implementing several investment projects. Having become 100%…
Traders working with MMK report that the management of the company’s sales services plans to review the earlier announced March prices on flat rolled metal by increasing them by 2-3%. The increase is explained by the sharp rise of raw materials prices and the world market rolled metal price growth. The increase in prices for…