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In January-September Kapan Mining and Processing Works, a part of Polymetal International plc, processed 470 thousand tons of ore as opposed to 389 thousand tons in 9 months of 2017. In Q3 ore processing volumes totaled 158 thousand tons against 143 thousand tons. Ore output in Q3 was 159 thousand tons (136 thousand tons in…
DetailsIn January-September MMK produced 7.301 million tons of pig iron and 9.552 million tons of steel, down by 2.8% and by 0.2% YoY respectively. Metal products output grew by 0.6%, to 8.599 million tons. Bars accounted for 1.372 million tons, up by 0.3%, hot-rolled sheets – 3.92 million tons, up by 3.2%, and cold-rolled sheets…
DetailsAccording to the Federal Service of State Statistics, in January-September Russia produced 38.9 million tons of pig iron, up by 0.4% YoY. In September manufacture dropped by 2.2% YoY and by 4% MoM. Rolled metal output increased by 2.5%, to 46.3 million tons. In September production fell by 3.1% MoM and by 0.2% YoY. Pipe…
DetailsCorum has produced a KA200 shearer for the Mine named after Space Heroes of DTEK Pavlogradugol. The Space Heroes miners intend to extract some 2750 tons of coal per day. To decrease coal losses, Corum machine-builders have additionally equipped the shearer with rake-in devices and Lechler multi-injectors. Corum has also repaired a scrapper machine. (Ukrainian…
DetailsIn January-September Chelyabinsk Iron and Steel Works received 4.1 billion rubles of net profit, up 2.4-fold YoY. Revenue grew by 7.6%, to 94.5 billion rubles. The company accounts payable dropped from 21.8 billion rubles in early 2018 to 16.8 billion rubles at the end of Q3. Accounts receivable also decreased – from 27.8 billion rubles…
DetailsNext week Prime Minister Vladimir Groysman intends to host a meeting on the salary debts to state miners and other debts in the industry. According to him, the problem of the profitless operation of state coal industry is systematic, and the government has to provide 2.5 billion UAH of subsidies for coal miners in the…
DetailsThe JSC Ukrtransnafta following the tenders has concluded 7 agreements on the delivery of welded pipes worth 566.89 million UAH. Interpipe Ukraine LLC has received the most orders – for 362.15 million UAH. The company will supply pipes produced by Interpipe NTZ according to GOST 20295-85 at 7989-7991 UAH per meter. The Trading House Truboizolkomplekt…
DetailsThe deliveries of the domestic scrap to metal companies in September grew by 3% MoM, to 276 thousand tons. At the same time exports dropped by 60%, to 8 thousand tons. In September scrap-procuring companies collected 284 thousand tons of scrap, up by 3% MoM. In January-September of 2.74 million tons of procured scrap (up…
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