Last week the price of one ounce of gold decreased by 20.1705 manats or by 0.8%. Accordingly, the average price of one ounce of gold stood at 2,544.7249 manats. The price of one ounce of silver dropped by 0.5223 manats or by 1.6%, to 32.7762 manats. The price of one ounce of platinum increased by…
The license to develop the Turuk coal deposit has been sold to a company created a month ago. The auction was held on September 5. With the initial price of $3.262 thousand, the winner offered $205 thousand. 4 companies participated in the auction, with the winning bid submitted by Yrys Ken LLC. Coal reserves are…
In Novosibirsk the Ferrum Group of Companies has 6 pipe-welding mills with the capacity of 21 thousand tons per month, 3 slitting mills of 30 thousand tons, 2 crosscutting machines of 7 thousand tons, automatic lines to produce 2 thousand tons of cold-rolled channel and angle, etc. At the site the company intends to develop…
In January-June Nordgold received $61 million of net profit, up by 9% YoY. EBITDA grew by 6%, to $259.9 million and revenue – by 5%, to $621.8 million. In Q2 net profit dropped 10.5-fold QoQ, to $6.1 million, EBITDA went up by 18%, to $144.3 million and revenue – by 20%, to $339.2 million. The…
In August Zlatoust Electrometallurgical Works produced 4,791 tons of liquid steel, up by 2.5% from the target. In particular, the electric arc furnace shop yielded 4,256 tons. The rolling shop produced 2,937 tons of rolled metal, of which high-alloyed stainless steel accounted for 80%. The mill-1150 produced 3,968 tons, up by 2% from the target,…
In September Ukraine is expected to produce 1.95 million tons of steel. Pig iron output is estimated at 1.85 million tons and rolled metal – 1.7 million tons. As of September 10, 18 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 5 out of 15 electric arc…
In August Ukraine procured 225 thousand tons of scrap, up by 17% MoM. All the scrap was delivered to the domestic metal companies, there were no exports. In 8 months out of 2.143 million tons of scrap procured (down by 13% YoY) domestic companies received 2.106 million tons (down by 3%), and 37 thousand tons…
In August Ukrainian metal companies decreased natural gas consumption by 32% MoM, to 150 million cubic meters. In 8 months 1.26 billion cubic meters of gas were consumed, up by 2% YoY. Consumption of electricity in August increased by 3% MoM, to 980 million kW-h, but in 8 months dropped by 2%, to 7.73 billion…