A subsidiary of the state holding Rosgeologia has obtained all the necessary permits on the project to study the Gitche-Tyrnyauzskoye ore field. The corresponding state contract was concluded last summer. The size of the field in Kabardino-Balkaria is 1.7 square km. The project will be carried out till the end of 2020. (Ukrainian metal)
In 2018 Beloretsk Iron and Steel Works decreased net profit by 8% YoY, to 925 million rubles. The revenue grew by 6%, to 25.37 billion rubles. Exports increased by 37%, to 5.7 billion rubles, while sales on the domestic market dropped by 0.5%, to 19.65 billion rubles. The company accounts receivable increased from 6.27 billion…
In 2018 Russia exported 8.246 thousand tons of stainless steel products, up by 18% YoY. The share of the flat rolled metal grew from 18.8% to 28.2%, that of bars – from 24.6% to 27%, of wire from 1.1% to 1.4%, electric welded pipes – from 11.6% to 13.9% and of pipe fittings from 1.8%…
Dneprovsky Iron and Steel Works will host an extraordinary meeting of the shareholders on February 25. The meeting will start at 10 a. m. DMZ manufactures steel, pig iron, rolled metal and wares. In 2011 it was merged with Dneprokoks. (Ukrainian metal)
According to TMK, in 2019 the Russian pipe market will mostly follow trends of the previous year. In 2018 pipes consumption dropped slightly following the decrease in housing construction. At the same time OCTG and large diameter pipes witnessed an increase in demand. This year TMK expects the growth of local pipe consumption by 2%…
The first batch of polymetallic ore from the Uzynzhal deposit in Karaganda region has been sent for processing at the Altai works of Kazzinc via railroad. The deposit is being developed by Zhairem Mining and Processing Works. (Ukrainian metal)
The prices of precious metals, with the exception of platinum, decreased on February 21. The price of gold fell by 4.6665 manats, to 2278.5185 manats per ounce compared to the price on February 20. The price of silver dropped by 0.3342 manats, to 27.2698 manats per ounce. The price of platinum grew by 10.7565 manats,…
In February ZEMZ mastered the manufacture of square bars with the size of 120 mm of high-boron corrosion-resistant steel of ChS82 grade. In order to start producing this metal the plant laboratory had to create a special manufacturing technique. Earlier Zlatoust Electrometallurgical Works produced only ingots of this grade. New products will allow the company…
