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Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…
DetailsPrices of precious metals decreased in Azerbaijan on October 26, according to the data published by the Central Bank. The price of gold dropped by 8.0325 manats, to 2,094.2045 manats per ounce on October 26 compared to the price on October 25. The price of silver fell by 0.1834 manats, to 24.876 manats per ounce.…
DetailsIn January-August Russia imported 29 thousand tons of corrosion-resistant seamless steel pipes valued at $118 million, up 2.4-fold and 1.5-fold YoY respectively. According to the customs statistics, this is the record-high result in 8 months in the past few years. Kazakhstan was the main supplier with the share of 54%. It was followed by China…
DetailsIn August Russia exported 8.9 thousand tons of corrosion-resistant steel scrap and waste valued at $10 million, down by 24.3% YoY and by 2.8% respectively. According to the customs statistics, in January-August exports totaled 73.9 thousand tons valued at $82 million, up by 28.3% and by 47.8% YoY respectively. Scrap with the nickel contents of…
DetailsBelarus Iron and Steel Works has mastered the manufacture of new rebars according to ASTM A706/A706M-16 for the needs of customers from Panama. This year the company has already sold over 10 thousand tons of such rebars there. The mastering of the new rebars type at BMZ started in early 2018. In spring the first…
DetailsIn January-September TALCO produced 72.5 thousand tons of aluminum, down by 3.6 thousand tons YoY. According to the company, the decrease is due to the capital repairs of machinery. The repair and modernization of 300 electrolysis baths is expected to have finished by the end of the year, and the growth in output will begin…
DetailsOn October 22 Polyus Aldan reached the highest level of gold output in the past several decades. Since the start of the year it has extracted 5 tons of gold. “In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)
DetailsIn January-September gold output at Seligdar grew by 23% YoY, to 4188 kg. Alluvial gold, extracted at Sininda-1, accounted for 76 kg. Nizhneyakokitsky Plant mined 1910 kg of gold, up by 6% YoY. Rock excavation increased by 14%, to 15 million cubic meters. Ore mining grew by 82%, to 9 million tons. By the end…
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