Precious metal prices decreased in Azerbaijan on April 12. In particular, the price of gold dropped by 24.463 manats, to 2,197.9555 manats per ounce compared to the price on April 11. The price of silver went down by 0.4093 manats, to 25.4731 manats per ounce. The price of platinum decreased by 20.604 manats, to 1,519.97…Details
In January-March, Ukrainian metal companies decreased natural gas consumption by 10% YoY, to 460 million cubic meters. In March consumption grew by 3% MoM, to 150 million cubic meters. Electricity consumption in Q1 totaled some 2.920 billion kW-h, down by 4% YoY. In March, Ukrainian metal companies consumed 1 billion kW-h, up by 10% MoM.…Details
In 2018 Stalkanat-Silur received 160.18 million UAH of net profit, up by 7.6% YoY.
EBITDA grew by 17.5%, to 174.96 million UAH.
Net income increased by 29.2%, to 2.44 billion UAH.
Uncovered losses amounted to 413.66 million UAH, down from 557.17 million UAH. (Ukrainian metal)
In January-March, Ukraine decreased titanium-containing ore and concentrate exports by 6.1% YoY, to 138.817 thousand tons, valued at $36.112 million, up by 23.8%. According to the State Fiscal Service, USA imported the most (22.4%), followed by Egypt (19.36%) and the Czech Republic (14.01%). In 3 months Ukraine imported 182 tons of ore from Senegal valued…Details
Steel production of Russia’s Severstal grew by 0.4% YoY, to 3.044 million tons in January-March, the company said in a statement on April 12. Cast iron production rose by 1%, to 2.363 million tons. Consolidated sales of steel products went up by 1%, to 2.832 million tons. Semi-produced good sales fell by 53%, to 121,000…Details
In January-March, Ukraine increased nickel and nickel wares imports by 3.4%, to $24.133 million ($8.338 million in March) and lead by 11.8%, to $3.193 million (0.918 million), but decreased aluminum imports by 4.4%, to $78.6 million ($27.829 million), tin by 38%, to $0.809 million ($450 thousand) and zinc by 43.1%, to $12.237 million ($4.986 million).…Details
In January-March, Ukraine increased copper and copper wares imports by 30.1%YoY, to $27.419 million. According to the State Fiscal Service, in March $11.753 million worth of copper and copper wares were imported. At the same time, exports decreased by 57.4%, to $19.412 million. In March Ukraine exported $7.739 million worth of copper and wares. (Ukrainian…Details
Stainless steel consumption in 2018 grew by 5.8% YoY, to 499.2 thousand tons. In 2017 the growth was 13.9%. Local production of stainless steel last year totaled 121,846 tons, up by 2.1%. In particular, Russia produced 22,483 tons of flat rolled steel, with Krasniy Octyabr accounting for some 56%. Bars output reached 55,954 tons (ZEMZ…Details
In January-March Yakovlevsky Mining and Processing Works increased iron ore output by 64% YoY, to 410 thousand tons. The enterprise also shipped 149.1 thousand tons of ore. The underground machinery fleet was enlarged with two cutter-loaders and a self-propelled boring machine. The crushing and sorting factory has completed the first stage of modernization with a…Details
In 2019 the Kekura deposit in Chukotka Autonomous District is expected to start yielding gold. The license to develop the deposit is owned by Bazovyye metally, a part of HGM. As of January 1, 2018 the JORC reserves totaled 2 million ounces of gold with an average content of 7 g per ton. Mineral resources…Details
An investment project is currently being implemented in the sheet-rolling shop No. 1 of ArcelorMittal Temirtau. It is intended to switch to the horizontal transportation of hot-rolled coils. The project will improve shipping options and working conditions. The cost of the project is $30 million. A similar project in the sheet-rolling shop No. 1 started…Details
The bar-rolling shop No. 2 of BMZ has shipped 1.5-millionth ton of metal. The anniversary batch of bars for machine-building was sent to Belmet, Austria. The shop is the youngest department of BMZ. Its first products were exported in March 2015. In February 2018 the shop reached the export level of 1 million tons. In…Details
In January-March, Yerkovetsky pit mined 42 thousand tons of coal more than last year.
The capacity of the pit is expected to increase to 2.5 million tons of coal per year.
The Yerkovetsky Coal Pit was commissioned in 1991. (Ukrainian metal)
ChTPZ will supply 130 thousand tons of large diameter pipes for the construction of the Saryarka pipeline in Kazakhstan. The batch of pipes has to be supplied until September. The diameter of the pipes is 820 mm and the wall thickness is 12, 14 and 18 mm. The pipes will be made of K60 steel…Details
On April 10, at the Pervomaysky quarry of the Severniy Mining and Processing Works an accident happened.
A truck overturned.
The driver was unharmed, but 4 employees of Krivbassvzryvprom were injured. (Ukrainian metal)
Ukrmetallurgprom believes that in May Ukraine will produce 1.9 million tons of steel, and 1.7 million tons both of pig iron and rolled metal. As of April 10, 20 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 15 out of 16 converters, 7 out of 15 electric arc furnaces and all the…Details
The European Union is prolonging the antidumping duties on steel pipeline fittings manufactured in Russia, as well as Malaysia and South Korea for 5 years. The decision was taken in the interest of Vallourec Fittings, Erne Fittings and Virgilio Cena and Figli. The duties cover metal products confirming to the custom codes of CN CN…Details
The E.U. has blocked Russia’s first request to create an arbiter panel at the World Trade Organization (WTO) in their dispute on the union’s anti-dumping duty on cold-rolled steel imports, the WTO said on April 11. Russia sent the request in March. The duties, introduced in 2016, amount to 18.7% for products of Magnitogorsk Iron…Details
The volume of direct Arab investments in the mining industry of Kazakhstan amounted to only $48.6 million in January-September 2018, down by 51.1% YoY. The results of two months of 2019 show that the volume of production in the mining industry reached 2.5 trillion tenge, with an annual growth of 12.9% (however, the industrial production…Details
In March scrap deliveries to Ukrainian metal companies improved. In particular, 296 thousand tons of scrap were procured, up by 118% MoM, of which domestic companies received 288 thousand tons, up by 125%. At the same time exports remained on the February level – 8 thousand tons. In Q1, 661 thousand tons were procured, down…Details
From April 11, the electricity supply to the Yuzhnodonbasskaya No. 1 mine are limited at the request of the “supplier of the last hope” – the state enterprise Ukrinterenergo. The mine debt for electricity in 2018 amounted to 133 million UAH. Yuzhnodonbasskaya No. 1 mine in the town of Ugledar (Donetsk region) was commissioned in…Details
TMK-Inox has commissioned new machinery, in particular the line of TIG and laser welding of stainless pipes, a Surface Engineering grinder and etch tanks.
In 2019-2020 the company intends to increase the output of polished welded pipes.
This year it will put into operation a polishing line. (Ukrainian metal)
Orel Steel Works is increasing its range of railroad fasteners. So far the portfolio of butt fittings consists of three types: M27, M24 and M22. For the M27 and M24 nuts a new steel grade was chosen. “Very often in order to decrease the prime cost some manufacturers replace quality metal with cheap one, and…Details
In January-March, Ukraine exported 19.638 thousand tons of scrap valued at $5.461 million, down 7.1-fold and 8.8-fold YoY respectively. According to the State Fiscal Service, in March Ukraine exported 8.246 thousand tons of scrap, in February – 8.252 thousand tons and in January – 3.14 thousand tons. At the same time Ukraine increased scrap imports…Details