In October metal output decreased by 4.3% YoY, while in 10 months grew by 0.8%. According to the Federal Service of State Statistics, unalloyed steel manufacture in October dropped by 1% YoY and by 3.4% MoM, to 4.7 million tons, and in 10 months – by 1%. Manufacture of stainless steel totaled 14.7 thousand tons,…
Mechel-Service has supplied 2.3 thousand tons of rolled metal for the manufacture of electric line pillars for the Sila Sibiri gas pipeline. The metal has been shipped to the Omsk Electromechanical Works, which has produced pillars. Most of the batch comprised of sheet manufactured at Chelyabinsk Iron and Steel Works of 09G2S steel. (Ukrainian metal)
Highland Gold Mining Limited has become the first miner to actually sell gold on the Moscow Exchange. Gold was delivered to the depository on November 29, and on December 2 the first deal on the Moscow Exchange precious metals market was concluded. The company has sold 1198 ounces (37250 g) of gold at 3009.5 rubles…
In September Russia exported 1.9 thousand tons of aluminum foil, down by 13% MoM, but up 4-fold YoY. Deliveries to US keep decreasing – from 1.6 thousand tons to 1.4 thousand tons. At the same time exports to Belarus grew by 22%, to 310 tons. In 9 months exports totaled 24 thousand tons, up by…
ArcelorMittal Kriviy Rih intends to reconstruct its Mirolyubovka tailing pond. The project presupposes the increase of the height of the levees first to 160 meters (first stage) and then to 165 meters (second stage). AMKR is using 3 tailing ponds. $50 million will be invested in two of them – Mirolyubovka and Obyedinennoye – in…
Energomashspetsstal has concluded an agreement with Shagang Group, China. EMSS will produce and supply supporting rolls for hot-rolling mill-1700. The combined weight of the batch is 71 tons. The rolls have to be delivered in Q4 2020. This is the second contract between the parties. The first, for two bulk supporting rolls, was signed in…
Magnitogorsk Iron and Steel Works (MMK) has appointed Veronika Kryachko as Head of Investor Relations. Veronika Kryachko brings with her years of experience in the metals, raw materials and financial sectors. Prior to taking up her current job, she held senior positions in investor relations, corporate development and M&A at companies including Uralkali, Rusal and…
UGMK CEO Andrei Kozitsyn and Ultramar LLC chairman Andrei Bonch-Bruyevich have signed an agreement on a joint production of ammonium sulfate with the capacity of 500 thousand tons per year on the basis of Sredneuralsky Copper-Smelting Works. Investments will reach 4.8 billion rubles. The decision has been taken in view of optimal raw materials provision,…