In January Kosaya Gora Iron and Steel Works sold 36,431 tons of pig iron, up 1.85-fold YoY. Ferromanganese sales grew by 0.9 thousand tons, to 6.2 thousand tons, while manufacture – by 0.4 thousand tons, to 6 thousand tons. KMZ exports its products to CIS, Europe, Near and Middle East, as well as Asia. (Ukrainian…Details
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On February 7, VSMPO-Avisma held a meeting dedicated to the 60 years of titanium manufacture. The history of the plant began on February 7, 1960. In 2019 the corporation produced the record volume of spongy titanium – 44 thousand tons. (Ukrainian metal)Details
In December 2019 – January 2020 Severstal supplied 50 thousand tons of corrosion-resistant strips to Zagorsky Pipe Works. The strips were produced at the mill-5000 in Kolpino. Pipes made of such strips could be used at the temperature of –20 degrees C. (Ukrainian metal)Details
Zagorsky Pipe Works ships large-diameter pipes for the construction of a gas pipeline on the territory of Uzbekistan and Tajikistan. The customer is Epsilon Development Company (Uzbekistan). According to an agreement, ZTZ has to supply 50 thousand tons of pipes. This was the first delivery to the company in both countries. The pipes will be…Details
In January Ukraine exported 3.96 million tons of iron ore raw materials valued at $284.33 million, up by 25.7% and by 21.2% YoY respectively. According to the State Tax Service, the main customers were China (49.11%), Poland (10.75%) and Austria (6.58%). Ukraine imported $28 thousand worth of iron ore raw materials from the Netherlands and…Details
In 2019, the economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to 585.4 million rubles, up by 29% YoY. The importance of innovation in today’s global industry determines the need for companies to pay special attention to the development of rationalization and invention. In this regard, rationalization activities are…Details
The government can give the Russian Direct Investment Fund (RDIF) $1 billion from the National Wealth Fund on joint production with Middle East investors of platinum group of metals by Arctic Palladium. The project, to be launched in 2024, is a joint venture between Norilsk Nickel and Russian Platinum of businessman Musa Bazhayev. The beneficiary…Details
The former Karaganda foundry is being revived. The plant has been renamed to Qaz Carbon LLP. According to the plant’s management, the new factory has created new 1200 jobs. It is 100% Kazakhstan content. A large-scale modernization of the plant is still underway. Outdated equipment including coke cupola furnaces was replaced. New induction furnaces have…Details
Some products of the Belarusian steel mill BMZ have been exported to Poland via the Belarusian Universal Commodity Exchange (BUCE), the BUCE press service has reported. As much as 2,000 tons of steel reinforcing bars made by BMZ and worth EUR 731,000 were sold to Poland in two trade sessions (in December 2019 and January).…Details
Last week, the price of one ounce of gold decreased by 14.4 manats ($8.4) or by 0.5%. The average price of one ounce of gold stood at 2,663 manats ($1,566). The price of one ounce of silver dropped by 0.17 manats ($0.1) or by 5.7%, to 30.1 manats ($17.7). The price of one ounce of…Details
Russian gold producer Uzhuralzoloto Group of Companies (UGC) has closed an acquisition of a 28.34% stake in Petropavlovsk Plc from a subsidiary of AEON Corporation of businessman Roman Trotsenko, UGC said in a statement. “The stake consists of shares that account for 22.37% of the shareholder equity and of convertible bonds that account for 5.97%…Details
In January Yuzhniy Mining and Processing Works produced 986.4 thousand tons of iron ore concentrate. Compared with December 2019, the output grew by 2.2%, or by 21.3 thousand tons. At the same time, compared with January 2019 the manufacture fell by 10.5%. (Ukrainian metal)Details