NLMK Group has embarked on a large-scale reconstruction of blast furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tons of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle by 50%, to 25 years. Investment in the…Details
Precious metal prices increased in Azerbaijan on December 18. The price of gold grew by 19.0995 manats, to 2,122.3565 manats per ounce on December 18 compared to the price on December 17. The price of silver went up by 0.2092 manats, to 24.972 manats per ounce. The price of palladium increased by 26.5795 manats, to…Details
The revenue of enterprises of the Belarus Metal Company has exceeded $2 billion. The result was achieved in 11 months and 12 days of December. In January-November revenue grew by 134% YoY. Belarus Iron and Steel Works accounts for over 70% of the revenue. Among other companies Mogilev Iron and Steel Works showed the largest…Details
The current product range, manufactured by Techmash, a part of Korolovesky Pipe Works, – section pipes with the size of 40×20 to 60×60 mm – will be joined by new products manufactured by Isayevsky Pipe Works. The company will start producing section pipes with the size of 20×20 to 120×120 mm on December 20. The…Details
Mechel has signed an agreement on cooperation with one of the largest Japanese trading companies – Itochu Corporation. According to the document, in December 2018 – March 2020 Mechel will supply 800 thousand tons of coking and power-generating coal to Itochu. The coal will be shipped from the Yuzhniy Kuzbass and Elgaugol enterprises. “Our long-term…Details
In January-November Ukraine exported 13.65 million tons of ferrous metal via seaports, up by 9% YoY. In particular, pig iron exports grew by 36.6%, to 2.717 million tons, and scrap – by 2.2%, to 78.56 thousand tons, while rolled metal exports dropped by 0.9%, to 8.024 million tons. In 11 months ore exports decreased by…Details
Electrostal has been shut down. The reason is the economical inexpediency to produce continuous cast billet with the growing raw materials prices (scrap) and the drop of billet FOB export prices. In January-November Electrostal decreased continuous cast billet output by 27% YoY, to 289 thousand tons. In November the company produced 12 thousand tons of…Details
In January-October ferrous metals exports reached 38.435 million tons, up by 11.4% YoY. According to the Federal Customs Service, ferrous metals exports, without pig iron, ferroalloys, waste and scrap, was 25.293 million tons, up by 7.2%. Deliveries of semi-finished carbon steel products totaled 13.145 million tons, up by 12.1%. Flat rolled metal exports dropped by…Details
Russian steelmaker Severstal will supply 300,000 tons of rolled stock to the Zagorsky Pipe Plant (ZTZ) in 2019 for production of large diameter pipes, the companies said in a joint statement after signing a relevant agreement. “Severstal already has experience in metal supplies for ZTZ. Such agreements provide an opportunity to build long-term mutually beneficial…Details
Russian metals holding Metalloinvest plans to invest 7 billion rubles in upgrades of the second and third blast furnaces at subsidiary steel producer Ural Steel, Metalloinvest said in a statement. The company plans to acquire equipment for the upgrades from Dutch company Danieli Corus. In future, Metalloinvest also plans to upgrade the fourth blast furnace…Details
In 2018 Russia will increase seamless pipes exports by 24% YoY, to 715 thousand tons. According to the Pipe Industry Development Fund, Kazakhstan is the main importer, accounting for 25.4% of all purchases, or 181 thousand tons. Seamless pipes deliveries to Kazakhstan in January-September grew by 30% YoY, to 141 thousand tons valued at $146.5…Details
Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) in January-September paid 1.9 billion UAH of various taxes to all the possible budgets. In particular, Poltava GOK paid 1.55 billion UAH, Yeristovo GOK – 305.6 million UAH and Belanovsky GOK – 8.6 million UAH. PGOK paid 168 million UAH to the local budget, 202…Details
Energomashspetsstal has shipped a batch of 30 rolls to Finland for ABB,
The total weight of the batch was 195 tons.
The rolls will be used in the manufacture of electric motors.
The companies have been cooperating for over 10 years. (Ukrainian metal)
In January-November Chukotka Autonomous District extracted 21.735 tons of gold and 100 tons of silver.
5 companies were mining for gold. Kupol deposit yielded 9033 kg of gold and 88269 kg of silver.
Alluvial gold output grew by 256 kg, to 2583 kg. (Ukrainian metal)
In November Khabarovsk region yielded 1658 kg of gold, down by 1.3% YoY, including 1607.1 kg of ore gold and 50.9 kg of alluvial gold. Since the start of the year gold output has grown by 6.9%, to 23119 kg, including 18997 kg of ore gold and 4122 kg of alluvial gold. Silver output in…Details
In November Rusolovo produced 145.5 tons of tin concentrate.
In 11 months the output was 1322.5 tons, up by 38.3%.
In January-November the tin output totaled 956.1 tons.
This year the company intends to produce 1600 tons of tin concentrate, up by 59% YoY.
Rusolovo is developing 2 tin deposits in Khabarovsk region. (Ukrainian metal)
In 2018 Koboldo has extracted 450.9 kg of alluvial gold.
The company is developing deposits in Amur region.
The output is down by 13% YoY.
In 2017 the output was 517.9 kg of gold. (Ukrainian metal)
Russian gold producer Polymetal International has sold its 100% stake in the Khakanja project in the Khabarovsk region to a group of unrelated private Russian buyers for $30 million, the company said on December 17. Under terms of the deal, $5 million will be payable in cash and $25 million in the form of assumed…Details
NLMK Group, a global steel company, announces the appointment of Elena Lobodina as General Director (CEO) of NLMK Trading. Her key challenges will include the development of NLMK Group’s customer service across global markets and the introduction of best practices in sales business processes. NLMK Trading manages NLMK Group’s export deliveries. The company’s sales policy…Details
The price of one ounce of gold decreased by 12.903 manats or by 0.61% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,117.0032 manats. The price of one ounce of silver increased by 0.1562 manats or by 0.63%, to 24.9032 manats. The price of one ounce of platinum…Details
Precious metal prices decreased in Azerbaijan on December 17, the Central Bank reported. The price of gold dropped by 7.4545 manats, to 2,103.2570 manats per ounce on December 17 compared to the price on December 14. The price of silver fell by 0.2062 manats, to 24.7628 manats per ounce. The price of palladium went down…Details
In November Ukrainian by-product coke enterprises received 1.29 million tons of coking coal, down by 2% MoM, including 0.25 million tons of local coal, up by 7%, and 1.04 million tons of imported, down by 4%. In 11 months enterprises received 13.38 million tons of coking coals, up by 7% YoY, including 2.42 million tons…Details
In November Ukrainian metal companies received 2.15 million tons of iron ore raw materials, down by 8% YoY. No materials were imported. In January-November metal companies received 26.89 million tons of iron ore raw materials, up by 14% YoY, including 26.86 million tons of locally produced, up by 14%, and 25 thousand tons of imported,…Details
In November Ukrmetallurgprom forecast that Ukraine would manufacture 1.8 million tons of pig iron and steel each, as well as 1.6 million tons of rolled metal. But the output was 1.64 million tons of pig iron, 1.66 million tons of steel and 1.48 million tons of rolled metal, all down by 8%, 7% and 3%…Details