In January, Russia imported 61.9 tons of raw tin, down by 44% MoM and by 26% YoY. Price remained unchanged – $18.4 per kg. Deliveries from Belgium grew 2-fold, to 40 tons, while from Bolivia dropped 2-fold, to 20.5 tons. Malaysia and Peru stopped supplying tin to Russia. In 2019, imports totaled 1.2 thousand tons,…
In 2019, Russia extracted 367.952 tons of gold, up by 12% YoY. 286.563 tons accounted for extracted gold, up by 9.5%. Auxiliary gold totaled 18.134 tons, up by 17.4%. And the rest accounted for gold-containing concentrates and secondary precious metal. Polyus provided almost a quarter of all ore gold – 88.36 tons, up by 16.4%.…
In 2019, gold-extracting company Priisk Dambuki received 838.7 million rubles of revenue, down by 3.3% YoY. Sales profit grew by 0.6%, to 157.7 million rubles. Net profit increased to 70 million rubles from 45.2 million rubles. (Ukrainian metal)
ChTPZ Group has shipped over 60 thousand tons of large-diameter pipes to Gazprom for construction of the gas pipeline to connect Kharasaveyskoye deposit to Bovanenkovskoye. Pipes with the outer corrosion-resistant coating with the diameter of 1420 mm and wall thickness of 27.7 and 33.4 mm of K65 steel were produced at Chelyabinsk Iron and Steel…
The quarantine introduced to cope with the COVID-19 pandemic, will affect steel consumption in Russia. In April-May, consumption could fall by 25%, as state expenses on infrastructure projects have fallen considerably. According to VTB-Capital analysts, in February steel consumption in Russia grew by 5% YoY, following an increase of 12% in January. In Q1 the…
In January-March, Ukraine transported 61 thousand tons of metal cargo via the Dnepr River, down by 22.7% YoY. January accounted for the main volume of transportation. In February, transportation was suspended because of the repair at the Kakhovka sluice. The operation of the sluice resumed on March 10. In 2019, metal cargo transportation along the…
In January-March, Ferrexpo increased pellets manufacture by 21% YoY, to 3 million tons. In particular, in March PGOK shipped 1.148 million tons of pellets. In January-February, Ferrexpo produced 1.924 million tons of pellets, up by 13.7% YoY. Concentrate manufacture grew by 4.1%, to 2.156 million tons. In February, the group produced 947 thousand tons of…
Because of high debts and lack of funds for development Mechel has lost licenses to develop Pionerskoye and Sivaglinskoye iron ore deposits in Yakutia with combined reserves of over 160 million tons. In December 2019, the Russian Subsoil Use Service stopped Mechel’s right to use the deposits ahead of schedule. The company has not fulfilled…