Interpipe intends to increase its pipe heat treatment capacities 2.5-3-fold having constructed a new treatment unit at Interpipe Niko Tube. “Global pipe buyers switch to premium and high-strength products. To improve pipe quality, it must be heat-treated. At present Interpipe heat treatment capacities are limited. Thus, we have started a new investment project to construct…Details
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In January-June, Ferrexpo increased the share of sales to Central Europe from 21% to 34% and to Western Europe – from 4% to 14%. Sales to the Southeastern Asia, including China, dropped from 68% to 29%. Ferrexpo increased sales to the Northeastern Asia from 3% to 8% and to the Near East, North Africa and…Details
Metinvest has announced a tender to buy back up to $250 million worth of its eurobonds maturing in 2026 with the total volume of $647.66 million. Bonds will be bought for cash with the minimal price of $1,140 per each $1,000 bond. The offer is valid until August 18. The results will be announced on…Details
Azerbaijan Industrial Corporation OJSC has launched a project for evaluation of alunite ore reserves. The presence of rich ore resources in Azerbaijan allows developing a number of sectors of the economy, in particular, heavy industry, non-ferrous metallurgy and the construction industry. Extraction of natural resources using modern technologies creates conditions for the further expansion of…Details
An electric conveyer with the length of 4 km will be put into operation at the Mayskoye deposit in Chukotka, developed by the Mayskoye Gold Ore Company LLC, managed by Polymetall. At present two loading and delivery machines are used in the mine. Until the end of the year, their number will double. Moreover, two…Details
On August 5, the state enterprise Vostochniy Mining and Processing Works received 30 million UAH from Energoatom to clear debts for electricity consumption. The funds were transferred to electricity suppliers. During the past two weeks, all the auxiliary departments of the Zholtye Vody site were cut off grid for a week. On August 5, there…Details
In January-July, metal companies shipped 12.7 million tons of metal via railroad, up by 5.7% YoY. In July, metal transportation grew by 17.3%, to 1.91 million tons. In particular, exports went up by 14.1%, to 1.41 million tons, transit – by 50.1%, to 116.9 thousand tons, and inner – by 28.5%, to 349.7 thousand tons,…Details
In July, Krivoy Rog Iron Ore Industrial Complex increased iron ore output by 4% YoY, to 391 thousand tons. In particular, the Zhovtneva mine yielded 63 thousand tons of ore, Batkivschina – 123 thousand tons, Gvardeyskaya – 110 thousand tons and Ternovskaya – 95 thousand tons. In January-July, KZhRK increased output by 2.6% YoY, to…Details
On August 9, the State Service of Geology and Subsoil will hold another auction to sell subsoil with the reserves of copper ore at the Zalesy-Shmenki ore field with the size of 2336.7 ha in Volyn region. R1 reserves amount to 160 thousand tons. At present Ukraine does not extract copper. In 2020, the country…Details
In January-June, Ferrexpo decreased sales by 9% YoY, to 5.57 million tons. The decrease was due to the growth of stocks in H1 2020. Sales to the Central Europe grew from 21% to 34%, to Western Europe – from 4% to 14%, to the Northeastern Asia – from 3% to 8%, and to the Near…Details
Ukrgazdobycha has signed three agreements with Interpipe Niko Tube for the delivery of seamless steel pipes valued at 268.97 million UAH. Average discount amounts to 10% of the expected cost. In two cases the company competed with Naftoservice LLC, Ukrturboisol LLC and Volzhsk Pipe Works (Russia). During the third trade the competitors were ZSP LLC…Details
In January-June, Metinvest increased steel output by 10% YoY, to 4.36 million tons. Pig iron manufacture grew by 8%, to 4.41 million tons, while coke dropped by 0.2%, to 2.37 million tons. Manufacture of semi-finished products decreased by 4%, to 1.45 million tons, mostly due to a drop in slabs output by 131 thousand tons.…Details
In July, Energomashspetsstal shipped 1644 tons of products to customers. Most of the billets were made for the nuclear industry. Pipes, shells, pins, flanges and rolls for nuclear industry and machine-building were exported to 12 countries: USA, Italy, Spain, Belgium, Germany, Poland, the Czech Republic, Austria, Finland, etc. A hot metal ladle was sent to…Details