Last week, the price of one ounce of gold increased by 51.1 manats ($30) or by 1.9%. Accordingly, the average price of one ounce of gold stood at 2,722 manats ($1,601). The price of one ounce of silver grew by 0.8 manats ($0.47) or by 2.8%, to 30.8 manats ($18.1). The price of one ounce…Details
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VSMPO was awarded the highest supplier award “2019 SQIP Accredited” at the annual conference of Airbus suppliers held as part of Supply Chain and Quality Improvement Program known as SQIP. This is the third consecutive award given to the Russian supplier by its strategic customer – the European aerospace corporation (previous awards were “Best Improver”…Details
In 2019 Karelsky Okatysh, within the consolidated group of Severstal taxpayers, paid 2.18 billion rubles of profit tax to the budget of the Republic of Karelia. Payments to the consolidated budget of Karelia from Karelsky Okatysh exceeded 1.2 billion rubles, up by 100 million YoY. For the past 10 years the company has been increasing…Details
In 2019 Ukraine produced 18.2 million tons of rolled metal, down by 0.9% YoY, having exported 14.94 million tons, or 82.1%. In 2018 the share of export was 78.5% (14.42 million tons out of produced 18.37 million tons). Semi-finished products accounted for 47.18% of exports, up from 43.64% in 2018. The share of flat rolled…Details
In 2019 steel consumption in Ukraine dropped by 13.1% YoY, while the imports grew by 1.6%. Domestic consumers received 4.685 million tons of rolled metal, including 1.419 million tons of imported (30.3%). In 2018 domestic companies received 5.394 million tons of metal, with 1.442 million tons (26.7%) imported. Flat rolled metal accounted for 55.29% and…Details
Metinvest is prepared to transfer 4 billion UAH for the development of the Pokrovskoye Mine Group having purchased a control stake in the company. When Metinvest bought 24.9% in the company in H2 2018, investments poured into it, which made the company profitable. “700 million UAH were provided in 2019 to buy new machinery. The…Details
Russian Copper Company plans to raise annual investment in its copper smelter Karabashmed by 55%, to 5 billion rubles in 2019, President Vsevolod Levin has reported. “Within 15 years of work at Karabashmed, we have invested more than 22 billion rubles in the development and improvement of environmental safety of the copper smelting production. Regarding…Details
The State Bureau of Investigations is suspecting the employees of the state enterprise Selidovugol and its separate division of the Mine 1-3 Novogrodovskaya in embezzling state funds while mining coal on the rented coalfields. In 2012 the Mine 1-3 Novogrodovskaya LLC received coalfields of the state mine for 20 years. The company has concluded an…Details
Central Mining and Processing Works was the first in Ukraine to install ceramic filters at the processing site. The new vacuum filters are a part of a large-scale project to produce DRI pellets. Investments in modernization amounted to $5 million. The new equipment will allow decreasing the prime cost of natural resources processing. Ceramic filters…Details
Judging from the Cabinet of Ministers decree dated February 17, the government is worried about the quality of rolled metal used in construction. There are 177 companies in the country manufacturing metal products for construction. Flaws have been found out in their operation that affect the safety of steel products. In particular, they are the…Details
In 2019 KAZ Minerals increased EBITDA by 3.4%, to $1.355 billion. Sales grew by 5%, to $2.266 billion. The group sold 317 thousand tons of copper and 225 thousand ounces of gold. Profit last year increased by 12%, to $571 million. Net debt went up to $2.759 billion. (Ukrainian metal)Details
Zlatoust Iron and Steel Works has finished hot tests of its new Danieli integrated forging machine. The machine is expected to increase company competitiveness on the special steel market. The new machine can produce forged billets with the diameter of 100 to 800 mm and the length of up to 10 meters. The maximum weight…Details
In 2019, MMK and Lysva Iron and Steel Works increased sales by 8% YoY, to 8.3 million tons. Hot-rolled metal accounted for 48% of sales, shapes – 17%, cold-rolled metal – 11%, galvanized metal – 14% and polymer-coated metal – 5%. The main customers were pipe enterprises (31%) and metal traders (32%). Machine-building companies accounted…Details