Azerbaijan: gold price continues to rise

Prices for the precious metals in Azerbaijan increased on March 14. The cost of gold increased by 14.88 manats (by 0.7%), to 2257,25 manats per troy ounce, according to the data published by the Central Bank. The cost of gold in Azerbaijan over the past 30 days (February 14 – March 14, 2018) decreased from…

Russia: coal and ferrous metals port throughput up in January-February 2018

In January-February the throughput of Russian seaports grew by 4.4% YoY, to 121.7 million tons.

According to the Association of sea trade ports, in particular, the throughput of coal increased to 22.4 million tons, or by 7.5%, while that of ferrous metals – by 14.3%, to 5.1 million tons. (Ukrainian metal)

Belarus: gold mining in Sudan considered

Belarus and Sudan are considering gold mining in the African country, Head of the Belarus President Property Management Directorate Viktor Sheiman said.

“We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted. (BelTA/Ukrainian metal)

Ukraine: Selidovugol buys belt conveyer parts

The state enterprise Selidovugol has concluded an agreement with Donenergoexport LLC for the delivery of spare parts for belt conveyers valued at 22.19 million UAH. The agreement provides for the payment of the goods ordered within 90 calendar days upon receipt. The spare parts are ordered for the 1/3 Novgorodovskaya, Kotlyarevskaya, Ukraina and Kurakhovskaya mines.…

Russia: Evraz ZSMK produces high-strength rails

Evraz ZSMK has produced a trial batch of rails of the new category – DT400 IK.

The rails can be used under the most sever conditions.

Previously such rails were not produced in Russia.

After all the certification documents are received, a batch of rails will be sent for tests. (Ukrainian metal)

Ukraine: Economic Ministry disappointed with EC decision to reject obligations proposed by hot-rolled steel exporters

The Economic Development and Trade Ministry of Ukraine is disappointed by a decision of the European Commission (EC) to reject price commitments proposed by Metinvest Group and other hot-rolled steel exporters in exchange for non-applying the previously introduced anti-dumping duties to them. “We are very disappointed by this decision of Europe, especially in the context…

Russia: Severstal spends 48 million rubles to modernize 2000-press at CherMK

The Uralsky Engineering Center has supplied to Cherepovets Iron and Steel Works and installed the new system of press management, as well as the complex to purify liquids and the system to lubricate the machine. “The cost of the investment project exceeded 48 million rubles. The modernization of the machine improved its productivity, product quality…

Ukraine: ferrous metals exports revenue up in January-February 2018

In January-February Ukraine increased revenue from ferrous metals exports by 27% YoY, to $1.709 billion. According to the State Fiscal Service, ferrous metals accounted for 23.17% of the total exports revenue against 21.48% in January-February 2017. In February ferrous metals exports revenue reached $836.157 million. In 2 months ferrous metals imports grew by 59.8%, to…