In April Chelyabinsk Iron and Steel Works increased railroad sales of rolled steel by 1.9% YoY, to 270.8 thousand tons. In January-April sales reached 1.2 million tons, down by 0.8% YoY. Deliveries to domestic customers dropped by 3.6%, to 960 thousand tons, while exports grew by 20.5%, to 160 thousand tons. In February railroad deliveries…Details
Ukraine: budgetary efficiency from bill on scrap metal export duty estimated at $38.3 million per year
Head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk says the budgetary efficiency from the bill, which established a duty on scrap metal exports from Ukraine, is estimated at UAH 1 billion ($38.3 million) per year. “Raw materials must remain within the country. They must be processed into finished products to create…Details
In January-April Sukhaya Balka increased iron ore output by 24.6% YoY, to 836 thousand tons.
In particular, in April the mine produced 216 thousand tons of ore.
Sukhaya Balka was sold to DCH in May 2017. (Ukrainian metal)
The heaviest parts of the SMS Group press have already been assembled.
In particular, the hydraulic tank has the volume of 30 thousand liters and weighs 33.5 tons.
The press No. 3 was assembled with the help of a portal system.
The press has been previously repaired by Uralmashzavod. (Ukrainian metal)
The ChTPZ group has completed the delivery of the last batch of pipes with three-layer coating for the construction of the Nord Stream-2 gas pipeline. The diameter of the pipes is 1153 mm, while the wall thickness is 34.6 mm, with both inner and outer corrosion-resistant coating. The group won the auction to supply some…Details
The United Metal Company has delivered 870 tons of pipes with the diameter of 813 mm and the wall thickness of 28 mm to Norway for the construction of a bridge. The length of the bridge is 600 meters. The pipes were produced at the Vyksa Iron and Steel Works according to EN 10219 specifically…Details
The government of Ukraine has published an order on the objects of grand privatization of the state property in 2018. According to the document, there are 23 objects on the list, while on May 10 the Cabinet said about 26 enterprises. While Zaporozhye Titanium and Magnesium Works remained on the list, Aluminum Foil Works was…Details
The official information on the stop of the antidumping investigation on Ukrainian and Egyptian ferrosilicon imports to EU will be published soon, “The Ukrainian Association of Ferroalloy Producers has recently received such a reply to its letter”, the association executive director Sergey Kudryavtsev wrote on his Facebook page. According to him, this was the result…Details
From May 1 Russian companies have stopped shipping coal through Ukraine without any explanation. According to the market participants, the volume of Russian coal transit through Ukraine has been 1-1.8 million tons per month lately. The main customers were Turkish, Polish, Romanian, Slovakian, Czech, and Hungarian companies, as well as Asian and African. “Our operator…Details
In April Ukraine increased coal consumption by 25.2% YoY, to 3.533 million tons, but decreased by 12.6% MoM. According to the State Statistics Service, in March coal consumption grew by 41.3% YoY, to 4 million tons. In April Ukraine imported $243.788 million worth of coal, up by 21.1% YoY, while exports dropped by 99.7%, to…Details
The Magnitogorsk Iron and Steel Works (MMK) is taking part in the 3rd International Specialized Exhibition Steel Structures 2018, which kicked off in Moscow on May 30. MMK is presenting its high-tensile wear-resistant steel produced under the MAGSTRONG brand. MAGSTRONG steel is selected for use in producing steel structures due to its high resistance to…Details
The price of gold increased in Azerbaijan on May 30, while the price of other precious metals decreased, according to the data published by the Central Bank. The cost of gold increased by 1.3175 manats, to 2,207.9005 manats per troy ounce, compared to the price on May 29. The cost of silver decreased by 0.1675…Details
On May 22 VSMPO-Avisma held an annual shareholders meeting. A part of the undistributed profit for 2017 in the amount of 10.34 billion rubles was spent to pay dividends (890.45 rubles per ordinary share). The board of directors was also paid 76 million rubles of the work in 2017. Revision commission members received 2.45 million…Details
This year Polymetal will continue prospecting works at the Primorskoye deposits in Magadan region. The main personnel will arrive at the site in early July. The deposits are located in a hard-to-reach area, and the road there takes some 2 days. 60 people will be working at the site. The reserves of the Primorskoye deposits…Details
The board of directors of Chelyabinsk Zinc Works has recommended the shareholders meeting not to pay dividends for 2017. All the net profit of the company in the amount of 5.37 billion rubles has been suggested to be left undistributed. According to the company statement, the meeting will take place on June 30. In 2016…Details
Zlatoustovsky Electrometallurgical Works has confirmed its reputation of competitive supplier of high quality steels and alloys both to domestic and foreign markets.
In May the company concluded an agreement with a well-known manufacturer from Hungary.
The trial batch of metal already produced will be shipped in June. (Ukrainian metal)
Yanolovo is negotiating the financing of the Tirekhtyakh Brook alluvial tin deposits development with a Chinese company. The start of the development is planned for 2019. B+C1 balance reserves of the deposit amount to 68.4 thousand tons of tin, enough for 26 years of development. The size of the deposits is 15.61 square kilometers. The…Details
Ural Aluminum Works has produced the 50-millioth ton of alumina. Of this amount some 25 million tons of aluminum were produced, enough to construct 60 million bodies of Range Rover or 225 million engines for Lada Vesta. The UAZ alumina shop was commissioned in August 1939. “Following the large-scale modernization of 2015-2017, the works can…Details
The terrorist organizations of the Lugansk and Donetsk People’s Republics, created and supported by Russia, intend to start producing large diameter pipes within the cooperation program of Alchevsk Iron and Steel Works and Khartsyzsk Pipe Works. Both companies are controlled by Vneshtorgservice of the fugitive oligarch Sergey Kurchenko. The electricity line will be repaired soon,…Details
A bus, transporting employees of the Ingulskaya mine of the state enterprise Vostochniy Mining and Processing Works got into a road accident in Kirovograd region. According to the Independent Miners’ Union of Ukraine chairman Mikhail Volynets, some miners were injured. “The bus was driving to the mine when it hit and overturned the truck refrigerator…Details
In 2017 Metinvest occupied the 42nd place in the world largest steel manufacturers list, having produced 9.59 million tons. In 2016 the group occupied the 37th place with 10.34 million tons, while in 2015 – the 40th with 9.65 million tons and the 33rd in 2014 (11.18 million tons). The largest steel manufacturer last year…Details
On May 23 a new long face No. 132 at the Stepnaya mine of the state enterprise Lvivugol was put into operation. The reserves of the low-ash coal reach 163.9 thousand tons, the length of the face is 150 meters with the possibility to increase to 220 m. The miners will be developing the face…Details
The prices of precious metals, except for palladium, decreased on May 29, according to the data published by the Central Bank. The cost of gold decreased by 7.7095 manats, to 2206.583 manats per troy ounce, compared to the price on May 25. The cost of silver decreased by 0.26 manats, to 27.9821 manats per ounce.…Details
As part of the implementation of its Big Data strategic initiative, Magnitogorsk Iron & Steel Works is planning to complete five projects in 2018 that will result in savings of over 40 million rubles a year. At the end of 2015 MMK adopted a new development strategy for the period through 2025 that included, among…Details
Since 2015 KAZ Minerals Bozymchak has exported 9,760 tons of gold concentrate from Kyrgyzstan, the State Service for Combating Economic Crimes reported. The audit report of the Accounting Chamber confirmed the data. “In December 2017 the Investigation Department of the State Service for Combating Economic Crimes instituted criminal proceedings under the article “Abuse of power…Details
A Russian metallurgical company based in Verkhnyaya Pyshma, the second largest copper producer in Russia, has expressed willingness to cooperate with Iran in the country’s mining sector. “We can cooperate with Iran in various fields by having access to Iran’s projects,” Sergo Kurbanov, an official with UMMC (Ural Mining and Metallurgical Company) said during a…Details