In January, Russia exported 7.6 thousand tons of ferrochrome, down by 26% MoM and by 35% YoY. Price dropped from $1002 per ton to $989 per ton. Deliveries to the Netherlands fell by 49%, to 3.4 thousand tons, and to Japan – from 2.3 thousand tons to 40 tons. At the same time sales to…
The firemen were able to extinguish fire at the Dmitrov Pilot Works of Aluminum and Combined Belt warehouse. The fire started on March 21 and was extinguished the next day. The area of the fire was 33 thousand square meters. As a result of the fire the roof of one building collapsed. The warehouse stored…
The Agency of the Far East on investment attraction and export support has offered the Canadian Kinross Gold Corporation to take part in prospecting on the territory of Magadan region. The agency presented two gold-bearing sites to the company. Balance reserves of gold in the region are estimated at 376.7 tons. 32 companies own licenses…
Last week, Boksit Timana mined the 50-millionth ton of ore since the company started developing the Sredne-Timanskiy bauxite mine. With the help of investment program the enterprise received a new canteen, two dormitories, a hangar and warehouses. The miners are provided with work for the next 25 years. (Ukrainian metal)
According to the ArcelorMittal Temirtau CEO Biju Nair, the company suspends operation of all its contractors. “We have two goals: to preserve the health of our employees and keep machinery. We expect serious difficulties with sales, as Nur-Sultan and Almaty have been closed”, he declared at a meeting. The CEO ordered directors of shops and…
In February, global steel manufacture grew by 2.1% YoY, to 142.4 million tons. According to Worldsteel, China increased output by 5%, to 74.8 million tons. Ukraine manufactured 1.7 million tons of steel, up by 1.2% YoY. (Ukrainian metal)
Russian oil and gas pipe producer TMK has implemented a 6 million euro upgrade of the TMK-ARTROM plant in Romania, the company said in a statement on March 23. “The upgrade that we have done completely falls in line with our strategy aimed at increase of the share of premium products and flexibility of industrial…
Ferrexpo enterprises in Ukraine – Poltava, Yeristovo and Belanovsky Mining and Processing Works – will transfer $2.5 million as an aid to medical enterprises to fight the COVID-19 pandemic in Poltava region and under national programs in Ukraine. The decision was taken by the board of directors and supported by shareholders. The main funds will…