The suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…Details
PJSC ArcelorMittal Kriviy Rih started an active stage of civil works for installation of new equipment of light-section mill No. 250-4. The reconstruction of light-section mill is one of the most extensive at rolling department in the last 20 years. That is one of key projects of the company’s investment program for modernization of production…Details
In January-July Zaporozhye Ferro Alloys Plant decreased output by 7.9% YoY, to 143.5 thousand tons.
In particular, silicomanganese manufacture dropped by 3.4%, to 70.62 thousand tons, ferrosilicon – by 14.5%, to 46.28 thousand tons and ferromanganese – by 6.9%, to 22.14 thousand tons.
Metallurgical manganese output fell by 9%, to 4.46 thousand tons. (Ukrainian metal)
In April-June Tulachermet received 2.03 billion rubles of net profit, up from 434 million rubles in Q1. Consolidated net profit in H1 exceeded 2.46 billion rubles, as opposed to the net loss of 896 million rubles in H1 2017. Revenue in 6 months reached 29.07 billion rubles, up by 24% YoY. In Q2 the company…Details
In January-June Sinarsky Pipe Works received 337.76 million rubles of net profit, down 3-fold YoY.
Net profit in Q2 exceeded 243.7 million rubles, up from 94 million rubles in Q1.
Revenue in H1 reached 21.44 billion rubles, up by 16% YoY.
In Q2 revenue increased by 5% QoQ, to 10.98 billion rubles. (Ukrainian metal)
In April-June the Electrostal Metallurgical Works received net profit of 54.7 million rubles as opposed to 562 million rubles of net losses in Q1. Still, in half a year the company saw the net loss of 507.06 million rubles (158 million rubles of net profit in H1 2017). Revenue in 6 months dropped by 6%…Details
As of August 1, Magadan region yielded 18905 kg of gold and 417.4 tons of silver. Gold output increased by 3008.6 kg YoY, with silver output up by 12.7 tons. Tenkinskiy town district was the leader in ore gold output (6678.4 kg), with Susuman town district leading in alluvial gold manufacture (3196.6 kg). Alluvial gold…Details
In January-July Nikopol Ferroalloy Plant increased output by 8.6% YoY, to 469.88 thousand tons.
In particular, silicomanganese manufacture grew by 14.6%, to 442.73 thousand tons, but ferromanganese production fell by 54.7%, to 20.85 thousand tons.
The output of other ferroalloys grew 18-fold, to 6.3 thousand tons. (Ukrainian metal)
In January-July Ferrexpo produced 6.007 million tons of pellets, up by 2% YoY. At the same time concentrate output dropped by 2.1%, to 7.244 million tons. In July the company produced 912 thousand tons of pellets and 1.085 million tons of concentrate. In Q2 Ferrexpo was carrying out repairs of the pellets line No. 1,…Details
Until the end of the year the Kapitalnaya mine of the state enterprise Mirnogradugol, the Kurakhovskaya mine of the state enterprise Selidovugol and the Yuzhnodonbaskoye No. 1 Mine Group will put new long faces into operation. “The government has this year transferred 341 million UAH for the modernization of coal mines”, the vice-prime minister Vladimir…Details
The prices of precious metals decreased on August 16, according to the data published by the Central Bank. The price of gold decreased to a 20-month low, by 23.528 manats, to 1,995.6725 manats per ounce on August 16 compared to the price on August 15. The last time the price of gold was below 2,000…Details
An overall production of unwrought gold and semi-processed gold or in powder form reached 53,432 kg in January-July, up by 9.7% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period gross output of unwrought and semi-processed silver or in the powder form made 575,426 kg, down by 9.6% YoY.…Details
The Severopeschanskaya coal mine in Sverdlovsk region town of Krasnoturyinsk collapsed on August 15 killing one miner and injuring another, a spokesperson for the Emergency Ministry’s local branch reported.
The injured miner was delivered to hospital, but refused to be hospitalized.
The mine is operating in its usual mode. (Prime/Ukrainian metal)
The prices of precious metals decreased except for palladium on August 15, according to the data published by the Central Bank. The price of gold dropped by 12.716 manats, to 2,019.2005 manats per ounce on August 15, compared to the price on August 14. The price of silver fell by 0.151 manats, to 25.4363 manats…Details
In January-July Khabarovsk region yielded 13113 kg of gold, up by 10.3% YoY. Ore gold accounted for 10684 kg, up by 12.1%. Alluvial gold sites yielded 2429 kg, up by 3%. Silver output decreased by 5%, to 30.8 tons. The decrease in output is due to the thinning of reserves of the Khakandzhinskoye deposits, developed…Details
MMK has joined the participants of the Chelyabinsk – Yekaterinburg High-Speed Railroad project.
The contribution of the company is 10 million rubles.
MMK will cover the needs of the project in metal. (Ukrainian metal)
Severstal has switched to a new version of the international environment management system standard. The certification audit according to ISO 14001:2015 has been carried out by the Russian division of DQS Holding GmbH. The audit was necessitated by the changes in ISO 14001. The inspection has been carried out in all divisions of the Cherepovets…Details
Over 700 tons of I-beams have been shipped to the construction site of the international sea terminal in the town of Pionersky (Kaliningrad region). The 40K I-beams with the length of 12 meters will be used to construct berths. Evraz NTMK manufactures I-beams of steel alloyed with vanadium to make them stronger. The company can…Details
Russia’s production of finished, semi-finished, and powdered gold increased by 1.7% YoY and by 19.7% MoM in July, the Federal State Statistics Service said in a report. In January-July gold production decreased by 0.6% YoY. Previously, absolute figures on production of precious metals were a state secret. The figures are no longer classified, but the…Details
Russian metals giant Norilsk Nickel is working on a mechanism of settlements in rubles with foreign clients who are ready for that, a representative of the company reported.
“Some clients of Norilsk Nickel expressed readiness to make settlements in rubles. We are working on this issue with them,” the representative said. (Prime/Ukrainian metal)
Panyutino Wagon-Repair Works, a subsidiary of Ukrzaliznytsia (Ukrainian Railways) has ordered Metinvest-SMC LLC the delivery of metal valued at 55.88 million UAH. This year the company will supply 2520 semi-finished axles manufactured by Dneprovsky Iron and Steel Combine at 22176 UAH apiece. The price of the contract is 0.1% below the expected cost of the…Details
In January-July Ukraine imported 730.9 thousand tons of rolled metal valued at $596.6 million, up by 10.1% and by 21.6% YoY respectively. The increase has to do with the growth of bars imports by 44%, to 306 thousand tons valued at $202.7 million, up by 66%. Flat rolled metal imports dropped by 1.2%, to 163.3…Details
Vyksa Iron and Steel Works has successfully tested the machine to apply protective coating to the pipes in the casing pipe finishing shop. The new Venkajob machine will be used to coat pipes with the special UV-varnish to protect the metal surface from the environment impact and prevent corrosion in transit. During the tests the…Details
In January-July Chukotka Autonomous District mined 364 thousand tons of coal, up by 41%. Beringpromugol LLC has contributed the most to the output increase. In 7 months the company mined 304.3 thousand tons of coal, up 2.3-fold YoY. Shakhta Ugolnaya decreased coal output by 43%, to 59.8 thousand tons. Last year the region yielded 445…Details