Uzbek President Shavkat Mirziyoyev by his decree has approved a framework agreement with the European Bank for Reconstruction and Development (EBRD) for implementation of the uranium tailings remediation program of the Environmental Remediation Account for Central Asia (ERA). The framework agreement was signed on March 16 in Tashkent during the visit of the EBRD delegation,…Details
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Attractiveness of scrap sales on the local market of Ukraine has increased. According to the acting CEO of Metinvest-Resource Dmitry Klopatovsky, this has to do with the implementation of the 30 euro per ton export duty and its proposed prolongation for two years. “And now metal makers pay more for scrap than abroad”, he stressed.…Details
Severstal (one of the world’s leading vertically integrated steel and mining companies) and PJSC Power Machines have concluded a contract for technical upgrade of a cogeneration plant – steam blower station turbogenerator No. 5 of the Cherepovets Iron and Steel Works (a part of Severstal Russian Steel division). The cost of the contract is more…Details
Ukrmetallurgprom and UAVtormet have signed a memorandum of understanding and cooperation. The document was signed by Ukrmetallurgprom president Alexander Kalenkov and UAVtormet chairman Vladimir Bubley. “We and the scrap procurers have a lot of common issues that need to be solved”, Kalenkov said. According to him, the sides have a positive experience of cooperation. “Last…Details
In 2017-2018 Chukotka autonomous district expects a drop in gold output to 26 tons, by 11% YoY, while in 2019 it will increase by 10% to 2016, to 32 tons. Silver output is expected at 140-160 tons per year. Alluvial gold production will be on the level of 2 tons per year. In 2016 Chukotka…Details
The growing demand for galvanized rolled metal this year will be satisfied, in particular, because of the MMK putting into operation a new continuous hot-galvanizing machine. According to the company marketing specialist Igor Sapozhnikov, metal consumption in Russia this year will revive after a 3-years decrease. The main industries to support this growth will be…Details
Under the increasing demand and the shortage on the construction nails market Metiznaya Torgovaya Kompaniya (Metal Wares Trading Company) forecasts the increase in prices of manufacturers by 3-5% from July 1. The company also supposes that prices for bridge fasteners will increase by 10%, and electrodes – by 5%. (Ukrainian metal)Details
Scrap export duties have to be restrictive. According to Interpipe-Vtormet director Valentin Makarenko, the company has to limit output because of the lack of scrap, which is its main raw material. “We cannot load all the capacities now, as we don’t have enough scrap. So we believe that only Ukrainian metal companies should use Ukrainian…Details
The authorities of the so-called Donetsk People’s Republic, the terrorist organization created and supported by Russia, could not resume operation at the Donetsk Iron and Steel Works, seized from Ukraine. “The works had to start operation in May, but due to a number of objective reasons, the launch has been rescheduled for late July”, the…Details
In May railroad deliveries of rolled steel from NLMK to Russian customers and abroad totaled 1.08 million tons, up by 6.4% MoM and by 5.1% YoY. In April the sales were down by 11.6% MoM and by 5.5% YoY respectively. In May local deliveries reached 342 thousand tons, up by 25.8% MoM, but down by…Details
Chelyabinsk Pipe-Rolling Works has placed BO-001R-04 bonds in the amount of 10 billion rubles. The company intended to have 9-9.25% interest, but in the end it stood at 8.95%. Rosbank, BCS Global Markets, Raiffeisenbank, Renaissance Capital and Sovkombank have been the organizers of the placement. (Ukrainian metal)Details
MMK-Metiz has certified its steel ropes according to GOST 3241 and GOST 16843-88. These ropes fully correspond to the requirements to such products. The MMK-Metiz ropes can be used in all the spheres of the industry: to lift and transport cargo, in cranes or lifting mechanisms, in mines, on excavators, elevators, etc. Following the certification…Details
The department of subsoil use of the Siberian Federal District has allowed to put the first stage of the mine named after Titov in operation. The mine, a part of PMH-Ugol, is situated near the city of Leninsk-Kuznetsk, Kemerovo region. The construction of the first stage was finished in May. The company has already started…Details