Ukraine: place in TOP-10 pig iron manufacturers retained

In January world pig iron output increased by 3.1% YoY, to 94.546 million tons.

According to World Steel Association, manufacture in CIS dropped by 6.3%, to 6.425 million tons.

In particular, Ukraine produced 1.8 million tons. (Ukrainian metal)

Russia: TMK to buy graphitized electrodes from Energoprom

Industrial group Energoprom has signed a contract with oil and gas pipe producer TMK to sell graphitized electrodes in 2018-2022, Energoprom said in a statement on March 7 without disclosing other details of the contract.

Sales of Energoprom will cover up to 40% of TMK’s demand in graphitized electrodes, the company said. (Prime/Ukrainian metal)

Ukraine: anthracite consumption to drop in 2018

Ukrainian heat generation industry will in 2018 decrease consumption of deficient anthracite coal to 4.8-4.9 million tons, which is 20% lower than in 2017. “We are seeing a dynamic reduction of anthracite consumption. In 2016 all thermal generation (TPPs and CHPPs) consumed 10.5 million tons, in 2017 it was 6 million tons, and in 2018…

Azerbaijan: gold price up

The cost of gold increased by almost 15.74 manats (0.7%), to 2265.7005 manats per troy ounce in Azerbaijan on March 7, according to the data published by the country’s Central Bank. The cost of silver increased by 1.3%, to 28.3712 manats per ounce, the cost of platinum by 0.22%, to 1640.925 manats, while the cost…

Ukraine: Kobe Steel interested in KGOKOR

A Japanese and an Austrian company are interested in investing in Krivoy Rog Oxidized Ores Mining and Processing Works. According to the Ministry of economic development and trade, the first vice prime minister Stepan Kubiv met with Hiroshi Ishikawa of Kobe Steel. “The group of companies has developed a new technique of processing oxidized ores…

Russia: Severstal invests 48 million rubles in 2000-mill modernization

Severstal has modernized the 2000-mill in the machine-building center Tyazhmash shop. “The investment project estimated at over 48 million rubles will increase the press efficiency, improve the product quality and decrease its prime cost”, Severstal Russian Steel CEO Vadim Germanov noted. After modernization the precision of forgings increased, as tolerance dropped from 10 to 3-5…

Russia: gold output up in 2017

Russia’s gold production rose about by 6.8% YoY, to 317.660 tons in 2017, Sergei Kashuba, chairman of the Union of Gold Producers of Russia, said on March 6. Gold producers raised their output by 6.4%, to 254.216 tons in 2017, while by-product gold production gained 11.6%, to 16.459 tons, gold scrap production went up by…

Ukraine: Novogrodovskaya 1-3 and Rossiya mines sold

The Novogrodovskaya 1-3 and Rossiya mines have been sold to a new owner. According to the sources, Valery Atanov, a businessman from Makeevka, represented Eduard Bondarenko, chairman of Donbassenergo, who confirmed his relation to both mines. “By July we are prepared to put a new long face into operation at Novogrodovskaya , which will provide…

Russia: VostokUgol looking for new coal deposits in the Arctic

A new shift of 39 drillers has arrived at Dixon.

They will be responsible for the second stage of prospecting at the Reka Lemberova site.

The site is close to another site, where in 2016 the Malolemberovskoye deposit was discovered.

In 2017 VostokUgol obtained a license for coalmining there. (Ukrainian metal)