The prices of precious metals varied in Azerbaijan on February 8. The price of gold increased by 7.523 manats, to 2,225.9715 manats per ounce on February 8 compared to the price on February 7. The price of silver grew by 0.0503 manats, to 26.6587 manats per ounce. The price of platinum decreased by 14.365 manats,…
Magnitogorsk Iron and Steel Works (MMK) plans capital expenditures at around $850 million in 2019, the company said in a presentation on February 7. CFO Andrei Yeryomin said in a conference call that capex included $300 million to be spent on maintenance of existing capacities, and the remaining money would be spent on upgrades of…
Oskol Electrometallurgical Works has produced the 70-millionth ton of metallized pellets. In December 2018 the pelletizing and metallizing shop, recently reorganized into the pelletizing and metallizing factory, turned 35. In 2010 the company modernized its metallizing machine No. 1. In 2013 the metallizing machine No. 3 was put into operation. In 2015 the metallizing machine…
In 2018 Cherepovets Iron and Steel Works increased electricity output by 2.8% YoY, to 4.565 billion kWh. According to Severstal Russian Steel CEO Vadim Germanov, this allowed saving some 200.4 million rubles. The share of the company’s own electricity reached 77.9% of the total consumption. (Ukrainian metal)
The import-replacing multi-strand steel ropes of Beloretsk Iron and Steel Works have received certificates. This will allow the company increasing its share of the local metal ware market. The new ropes are made according to a German standard and are used in lifting machinery. The 8-strand ropes with the diameter of 68 mm and 12-strand…
Magnitogorsk Iron and Steel Works (MMK) plans to keep steel output flat YoY in 2019, but it does not rule out a slight growth, CFO Andrei Yeryomin said in a conference call on February 7. “We don’t expect any growth. The amount will be close to the level of 2018. A 1% growth is possible,”…
Dneprovsky Iron and Steel Combine intends to attract a loan of $30 million from the state-owned Oschadbank. The issue will be discussed at the shareholders meeting on February 25. The loan will be attracted in UAH, US dollars and euros for 3 years. The interest is not more than Dneprovsky Iron and Steel Combine24% for…
In May Metipol LLC will put into operation a plant to produce polymer-coated rolled metal in the city of Pervomaisk. This means that the Alchevsk-based Metal and Polymers Works will resume operation on Ukraine-controlled territory. As raw materials Turkish galvanized coils will be used, The annual capacity of the enterprise will be 78 thousand tons…