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In January, Azovstal Iron and Steel Works was paid the most VAT reimbursement among mining and metal companies – 806.5 million UAH (194.7 million UAH in December 2020). According to the State Treasury, Dneprovsky Iron and Steel Combine was paid 514.5 million UAH (216 million UAH). Zaporizhstal received 497 million UAH, Mariupol Ilyich Iron and…
DetailsIn January, Zaporizhstal decreased pig iron output by 0.2% YoY, to 399 thousand tons. Steel manufacture dropped by 0.5%, to 336.3 thousand tons, and rolled metal – by 2.7%, to 284.1 thousand tons. In 2020, the company increased pig iron output by 2.5%, to 4.5 million tons. At the same time, the manufacture of steel…
DetailsIn 2020, Metinvest enterprises produced 8.268 million tons of steel, up by 9% YoY. Pig iron manufacture grew by 7%, to 8.475 million tons, and coke – by 3%, to 4.808 million tons. Rolled metal output went up by 132 thousand tons, to 4.809 million tons. In particular, the manufacture of long-rolled products increased by…
DetailsYuzhniy Mining and Processing Works has stopped sinter manufacture having shut down the blast furnace shop at Dneprovsky Iron and Steel Works following repair from late October 2019 till May 2020 and the switch to using iron ore concentrate. The decision to shut down sinter manufacture was taken in September 2020. In February, the company…
DetailsAn ounce of gold in Azerbaijan decreased in price by 20.72 manats (0.7%) last week. The average price of one ounce of gold amounted to 3,142.56 manats, down by 0.09% compared to the previous week. The price of an ounce of silver increased by 0.9117 manats (2.1%). The average price of one ounce of silver…
DetailsThis year, Magadan region intends to increased gold output by 1.8% YoY, to 50 tons. Last year, the main volume of gold accounted for ore gold (30.36 tons). At present the target for the region is 48 tons, but the increase is envisaged, in particular, with the growth of output at the Shturmovskiy mine of…
DetailsIn 2020, due to the energy saving measures, Azovstal was able to save 1.3 million cubic meters of gas, 78 thousand tons of coke and 101.5 million kW-h of electricity. The combined effect reached $15.2 million. In particular, the company increased the usage of pulverized coal in blast furnace manufacture. The company also continued implementing…
DetailsIn January-November 2020, Ukraine exported 445.3 thousand tons of iron ore to Turkey, down by 4.65% YoY. According to TUIK, in November 2020 no ore was exported to Turkey, while in November 2019 exports reached 45 thousand tons. Ukrainian ore accounted for less than 10% in Turkish purchases. (Ukrainian metal)
DetailsIn 2020, the Irokinda Mine, a part of Nordgold, increased gold output by 3% YoY, to 39.6 thousand ounces. The volume of gold-containing ore mining remained unchanged at 304 thousand tons. Gold output increase was due to the growth of ore processing by 1%, to 319 thousand tons, as well as gold content by 4%,…
DetailsEnergomashspetsstal has produced a unique supporting roll with the weight of 207 tons. The length of the roll is almost 11 meters, while the drum diameter is 2.25 meters and its length – 4.9 meters. The roll was produced of an ingot with the weight of 415 tons. EMSS is producing another such roll. Delivery…
DetailsA major metal and ore trader Optimal Trade LLC has filed a request to buy Dneprovsky Iron and Steel Combine. In September 2020, Donetskstal Iron and Steel Works shareholders transferred their rights to recover debts of 8.18 billion UAH from DMK to Optimal Trade. On October 16, 2020 the Commercial Court of Dniepropetrovsk region started…
DetailsIn 2020, Yakutia produced 78.1 tons of silver, up by 15% from the target. The Prognoz company operating in the Kobyaiskiy district yielded 59.3 tons. This year the region intends to extract 98 tons of silver. (Ukrainian metal)
DetailsIn January-November 2020, gold output in Russia decreased by 7% YoY, to 314.41 tons. Silver production dropped from 903.7 tons to 873.9 tons. According to the Ministry of Finances, Russia ranks second after China in gold output. (Ukrainian metal)
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