In January-July, Azovstal increased rolled metal output by 8.8% YoY, to 2.5 million tons. Steel manufacture grew by 9%, to 2.63 million tons, and pig iron – by 7.7%, to 2.32 million tons. In July, Azovstal produced 350 thousand tons of rolled metal, 390 thousand tons of steel and 340 thousand tons of pig iron.…
In January-July, Priisk Solovievskiy developing deposits in Amur and Zabaikalye regions, produced 1772.7 kg of gold, down by 4.4% YoY. Solovievskoye deposit in Amur region accounted for the most gold – 606.7 kg. Alluvial deposits in Amur region yielded 926.3 kg of gold, down by 17.9%. At Zabaikalye region alluvial sites 239.7 kg of gold…
In July, Dneprovskiy Iron and Steel Works increased pig iron manufacture by 32.2% YoY, to 26 thousand tons. Steel output grew by 27.1%, to 27.6 thousand tons, and rolled metal – by 20.4%, to 20.8 thousand tons, while that of coke dropped by 0.5%, to 41.7 thousand tons. In January-July, DMZ produced 177.3 thousand tons…
In January-June, Ferrexpo increased its net profit 2.6-fold YoY, to $661.4 million. Revenue grew by 74.3%, to $1.32 billion. EBITDA went up 2.47-fold, to $868 million. Capital investments amounted to $142 million, up from $96 million in H1 2020. Interim dividends totaled $0.396 per share, up from $0.132. (Ukrainian metal)
Copper Technology, a part of the Russian Copper Company, has started constructing a mine at the 50 Let Oktyabrya deposit. The construction will last for 4 years. It is expected that mining operations will start in 2024. The deposit was discovered in 1964 and is one of the largest copper-pyrite deposits in Kazakhstan. Reserves of…
In January-June, Kurilgeo LLC, developing gold and silver deposits on the Urup Island in Sakahlin region, extracted 555 kg of gold, up by 26.8% YoY. Silver output dropped by 15.8%, to 1.114 tons. Ore extraction grew by 6%, to 355 thousand tons. Sales revenue amounted to 2.387 billion rubles, up by 50.8%. (Ukrainian metal)
Kyiv Subway has signed an agreement with Sota Ukraine LLC for the delivery of R-50 rails valued at 47.19 million UAH. The company has won an auction against Metinvest SMC LLC. Both companies have offered the rails manufactured by Azovstal, but Sota’s offer was 1% cheaper. According to the agreement, R-50 rails cost 39.33 thousand…
On July 23-30, metal companies increased buying prices for scrap from 7800 UAH to 9600 UAH per ton. Scrap deliveries to metal companies dropped from 63.9 thousand tons to 61.4 thousand tons. Scrap need was estimated at 60.2 thousand tons. Scrap stocks amounted to 190 thousand tons, down from 224 thousand tons a week earlier.…