In February steel output in CIS dropped by 0.5 YoY, to 7.675 million tons. According to World Steel Association, in January-February output decreased by 1%, to 16.165 million tons. In February Russia produced 5.15 million tons of steel, down by 5.7% YoY, and 10.85 million tons in 2 months, down by 4.8%. Ukraine in February…Details
PJSC ArcelorMittal Kriviy Rih will allocate 8 million UAH for environmental projects implementation in Kriviy Rih and Dnipropetrovsk region. These projects are included into city and regional programs aimed at environmental issues elimination and environment conditions improvement. PJSC ArcelorMittal Kriviy Rih will finance implementation of new dust suppression technologies on dumps and industrial sites, purchase…Details
Gold production is set to commence in the third quarter of 2018 at the Amulsar gold mine in south-central Armenia, said Lydian International Ltd, the Canadian mining group. Lydian’s management expects mining within the Amulsar project to produce 225,000 gold ounces annually over ten years and reports that it is currently completing construction of the…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Svit Stali LLC the delivery of pig iron and steel valued at 20.97 million UAH. This year the company will supply iron shots at 223450 UAH per ton from Netrika LLC and steel milling balls with the diameter of 60, 80 and 120 mm according…Details
At the meeting on March 29 shareholders of Donetskkoks decided to liquidate the company.
In 2017 Donetskkoks decreased losses 11-fold YoY, to 2.5 million UAH.
Metinvest reported on the threat of losing control over operation of its enterprises in the Russia-seized lands of Donbass, including over Donetskkoks, on March 15, 2017. (Ukrainian metal)
Kosaya Gora Iron and Steel Works has concluded a 3-year contract for the delivery of high-carbon ferromanganese to NLMK. The companies have been cooperating for a long while. Being the strategic supplier, KMZ provides NLMK with 80-90% of its ferromanganese needs. The volume of delivery, stipulated by the contract, exceeds 50% of the company output.…Details
Mine constructors of Gaysky GOK have started another stage of the shaft reconstruction at the Ekspluatatsionnaya mine – reinforcing. In a way, this is a construction of a vertical railroad for the skips and cages. The reinforcing is carried out at the depth of 910-1420 meters. At present the mining is carried out at the…Details
Severstal – Bar Works Balakovo has successfully certified the A500SN rebar sections with the diameter of 8-40 mm. The need to obtain the new certificate has to do with the coming into effect of the new GOST 34028-2016 “Rebars for ferroconcrete structures” on January 1, 2019. At present the works supplies its products mostly to…Details
Severstal has carried out the scheduled capital repairs of the mill-5000 in Kolpino. It took some 140 specialists just 7 days to complete the overhaul. “We carry out capital repairs of machinery every year. They are an integral part of the efficient operation. The spring repair of the mill-5000 was the first in the series…Details
In January Metinvest EBITDA decreased by 9.2% MoM, to $228 million, while revenue grew by 10.3%, to $1009 million. As of January 31, the group consolidated debt amounted to $3.095 billion. The company produced 553 thousand tons of semi-finished products valued at $240 million: 289 thousand tons of pig iron at $106 million, 104 thousand…Details
Velta declares that the State Service of Geology and Subsoil is holding back the issue of license to develop the Lekarevskoye titanium deposits in Kirovograd region. “We have finished designing the mining and processing works, and settled the financing issues. But we still can’t get the license from the State Service”, the company CEO Andrey…Details
The cost of gold, silver, palladium and platinum decreased in Azerbaijan on March 29, according to the data published by the Central Bank. The cost of gold decreased by 26.265 manats, to 2257.617 manats per troy ounce compared to the price on March 28. The cost of silver decreased by 0.3674 manats, to 27.7438 manats…Details
The cost of silver increased, while the cost of gold, platinum and palladium decreased in Azerbaijan on March 30, according to the data published by the Central Bank. The cost of gold decreased by 4.3095 manats, to 2253.3075 manats per troy ounce in Azerbaijan compared to the price on March 29. The cost of silver…Details
During his working trip to the South Kazakhstan region the Prime Minister Bakytzhan Sagintayev has visited the first company in the region to produce steel blooms – Shymkent Temir. The company will operate 40-ton induction furnaces and triple-strand continuous casting machine. The plant will be commissioned in April. All the products manufactured will be exported…Details
This year OrionGroup+ LLC, which extracts alluvial gold in the Republic of Sakha (Yakutia), intends to get 90 kg of the precious metal. Last year the yield totaled 66 kg. The gold season will start in June. At present the company is carrying out preparation works at the site. According to the estimates, the resources…Details
The gold-extracting company Kamensky Quarry LLC in 2017 obtained 295 kg of gold, up by 18% from the manufacturing plan. The initial quota for this year is 200 kg. The company has licenses for 4 deposits. The alluvial gold reserves of the Unda site, the license to which was purchased in 2015, amount to 2190…Details
Severstal Distribution has signed an agreement to supply galvanized metal to one of Alutech enterprises for the manufacture of section gates. Galvanized metal manufactured by Cherepovets Iron and Steel Works (Russia) will be used to produce sandwich-panels and sections. “We have been cooperating with Alutech Gate Systems for over 2 years. Specifically for this strategic…Details
In January Ukraine increased currency revenue from the exports of ferrous metals by 33.5% MoM, to $873 million. In 2017 ferrous metals exports revenue totaled $8.7 billion, up by 19.6% YoY. Semi-finished products yielded the most revenue – $2.5 billion, up by 14.9% YoY. Last year Ukraine exported the most ferrous metals to the European…Details
From April the arc furnace shop No. 2 of Zlatoust Electrometallurgical Works intends to increase smelting volumes by a third – with the help of one more arc furnace with the volume of 12 tons and the project capacity of 27 thousand tons of steel per year. Previously the company used only 2 furnaces, with…Details
Oskol Electrometallurgical Works has mastered the manufacture of rolls of the run-out table for the continuous casting machine No. 6. The rolls manufactured by OEMK repair-mechanical shops surpass their foreign analogues. The OEMK rolls are made of three parts, while the imported rolls are solid, and thus less maintainable. The new rolls have already passed…Details
According to the Lipetsk region customs office, in January-February exports increased by 19.5% YoY, to $781.3 million. Foreign trade turnover exceeded $893 million. In the export structure NLMK ferrous metals account for 94.9%. Far foreign countries account for 94.1% of the total foreign trade turnover ($840.7 million). The main trade partners of the Lipetsk region…Details
In 2017 Donetskstal increased losses 3.6-fold YoY, to 8.185 billion UAH.
According to the company statement, its assets as of late 2017 totaled 16.5 billion UAH.
The company current liabilities amounted to 34.878 billion UAH, and its consolidated accounts receivable – 7.701 billion UAH. (Ukrainian metal)
The committee of the primary workers union at ArcelorMittal Kriviy Rih has again claimed the increase of salary to the equivalent of 1 thousand euro from April 1 at the employee conference. “Increase the average monthly salary to AMKR employees from April 1 to the level of 1 thousand euro in UAH equivalent according to…Details
The state enterprise Mirnogradugol has concluded an agreement with Leader Promsnab LLC on the delivery of 709 electric brushes valued at 199.94 thousand UAH. The cost of one electric brush with the size of 12.5x32x40 mm is 282 UAH with VAT. The goods have to be delivered within 3 days of the receipt of order.…Details
Energomashspetsstal has hosted a conference with the employees. The company director of economic issues Lyudmila Ulyaschenko and the union chairman Victor Serbin made the reports. In her report Lyudmila Ulyaschenko touched upon the main economic results of the previous year, calling them successful. “In particular, the average salary level last year increased by 20%. In…Details
The gold-extracting company Petropavlovsk has concluded an agreement with Gazprombank for the delivery of 96 thousand ounces of gold. The deliveries will be prepaid. “This forward contract with Gazprombank provides us with much flexibility in working capital management”, Petropavlovsk finances director Andrei Maruta noted. As of late 2017 Petropavlovsk had forward contracts for the delivery…Details