The supervisory board of Dneprovsky By-Product Coke Plant has fired Pavel Rafalskiy from the office of the general manager of the company, appointing Yevgeniy Didus, the CEO of the Inkor and Co, a part of Metinvest, instead. The decision was taken on April 2. The office of Rafalskiy expired on April 2, while Didus was…Details
The Eurasian Economic Commission has extended the antidumping duty on cold-deformed seamless stainless pipes supplied to the territory of the Union from China and Malaysia.
The duty has been prolonged for the duration of another investigation – through January 18, 2019.
The volume of the duty is 19.15% of the customs cost. (Ukrainian metal)
The prices of the main precious metals vary in Azerbaijan, according to the data published by the Central Bank. The cost of gold increased by 15,079 manats, to 2275,416 manats per troy ounce compared to the price on April 2. The cost of silver increased by 0.2318 manats, to 28.1628 manats per ounce. The cost…Details
Rosterminalugol JSC, the largest dedicated coal port in the European part of Russia, handled 5.02 million tons of coal in January-March, up by 2.4% YoY. Amid challenging ice conditions the terminal handled 71 vessels with average daily handling totaling 70,700 tons (up by 13.7%). In the first quarter of the year, coal unloading at the…Details
Export of Russian coal in January-March increased by 6.8% YoY, to 44.42 million tons, the Ministry of Energy said.
In March coal exports from Russia totaled 15.638 million tons. (PortNews/Ukrainian metal)
Kamensk-Uralsky Iron and Steel Works is commissioning the second stage of the rolling complex. The commissioning is carried out according to the schedule. The project will provide the manufacture of qualitatively new semi-finished products and increase the share of Russian wares of aluminum-lithium alloys in the total volume of supplies both to major local and…Details
The working group of the Zaporozhye region state administration has carried out checks of the local companies dealing with metal processing, as well as their collection centers and manufacturing sites. 13 enterprises were checked. Of them only one – Razvitiye-SV – corresponded to all the legislation norms. The Khormet company will be checked again. At…Details
In March railroad cargo transportation increased by 3.1% YoY, to 112.4 million tons. In Q1 transportation grew by 3.5%, to 315.7 million tons. In particular, in three months railroads carried 94.3 million tons of coal, up by 3.6% YoY, 27.2 million tons of iron and manganese ore (+2.5%), 19.8 million tons of ferrous metals (+10.8%),…Details
In 2018 Neryungry-Metallik LLC will invest some 2 billion rubles in development and machinery modernization, up by 22% YoY. In particular, 990 million rubles will be spent to support and develop manufacture, including 570 million on capital repairs. Prospecting will receive 130 million rubles. Last year the company operated at three deposits: Gross, Tabornoye and…Details
In March the Far Eastern Railroad transported 4.2 million tons of cargo, up by 2.6% YoY. Handling in Q1 totaled 12 million tons, up by 4.3% YoY. In particular, the enterprise transported 4.9 million tons of coal, 130 thousand tons of ferrous metals and 27 thousand tons of ferrous metals scrap, up by 5.6%, by…Details
Kyshtym Electrolytic Copper Plant will in April receive a modern system of two universal and two buffer conveyers to transport anodes to the copper electrolysis shop. The new machinery will unite all the current and additional rows of electrolysis baths into one chain. Thus, the project of the shop modernization will be complete. The project…Details
The department of the Main territorial service of justice in Kiev has published a list of the largest salary debts among companies in the capital. In particular, the state enterprise Luganskugol, which has been reregistered in Kiev, owes its employees 2.5 million UAH. This is the only metal or mining company in the list. Among…Details
Metal companies received the most VAT reimbursement in March. According to the State Treasury, ArcelorMittal Kriviy Rih received 1.303 billion UAH, while there was no reimbursement to the works in February. It is followed by Mariupol Ilyich Iron and Steel Works – 675 million UAH (471.5 million UAH in February) and Zaporizhstal (419.5 million and…Details
In March Ukrainian coal production reached 2.996 million tons of coal, which is 107% of the planned targets, the Trade Union of Coal Mining Industry of Ukraine informed with a reference to the Energy and Coal Industry Ministry. In particular, the production of coalmines managed by the Energy Ministry made up 389,419 tons, which amounted…Details
In February Russian railroads transported 8.5 million tons of ore, up by 3.7% YoY. Since the beginning of the year railroads have transported 17.7 million tons of ore, up by 4% YoY. Transportation on local destinations increased by 10%, while exports dropped by 30%. China showed the main decrease – by 200 thousand tons. Iron…Details
Evraz NTMK has produced over 7 thousand tons of rolled metal for the construction of a new MMK sintering factory. Flanged beams and steel rounds accounted for the main part of the metal supplied. The metal is used for the construction of main structures in the sinter shop, the sintering machines No. 1 and 2…Details
Anzhu LLC has won the right to develop the alluvial gold site at the Nyamnyagindja Brook in Yakutia. ADK LLC and Poisk Zoloto also participated in the auction. The auction ended with the bid of 227.997 million rubles. The C1 reserves of the site are estimated at 1042 kg of gold. The size of the…Details
Russia plans to file a complaint to the World Trade Organization (WTO) against Washington’s decision to introduce import duties on steel and aluminum, but does not plan any direct countermeasures, Deputy Industry and Trade Minister Viktor Yevtukhov declared on April 3. “The issue here is not only in introduction of retaliatory duties, there is a…Details
ArcelorMittal SA, Vedanta Resources and a group comprising Russia’s VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, Reuters reported quoting a joint statement of the companies. Essar Steel is among a dozen of India’s biggest debt defaulters that were pushed into the bankruptcy court last year after a…Details
Smart Stahl GmbH (Austria) has confirmed the purchase of the rolling mill from the insolvent KVV Liepājas metalurgs for 1.6 million euros.
The equipment will be handed over to a trade company, created by Smart Stahl.
The deal will be finalized in early May. (Ukrainian metal)
Russian steelmaker Severstal plans to invest 8 billion rubles to increase output of flat hot-rolled and cold-rolled products by 500,000 tons and to launch a new product, rolled metal with a width of 1,850 millimeters, the company said in a statement on April 3. Severstal plans to buy and upgrade equipment, and has already signed…Details
Severniy Mine, the main supplier of raw materials to Kola Iron and Steel Works, will be in development until 2060. “We intend to further develop the south underground site and reach the next horizon – 740 meters, which will allow us to prolong its operation till 2060”, Kola mineral and raw materials complex deputy CEO…Details
Russian companies are ready to sell more metal products via OAO Belarusian Universal Commodity Exchange (BUCE). The relevant statement was made by President of the Russian Union of Metal and Steel Suppliers Alexander Romanov during the roundtable session held to discuss the production and consumption of ferrous and non-ferrous metals in the Republic of Belarus,…Details
The prices for the main precious metals increased in Azerbaijan, according to the data published by the Central Bank. The cost of gold increased by 7.0295 manats, to 2260.337 manats per troy ounce in Azerbaijan compared to the price on March 30. The cost of silver increased by 0.1057 manats, to 27.931 manats per ounce.…Details
Bakhmut Non-Ferrous Metals Processing Works has put into operation a new line of continuous extrusion and vertical casting. The company invested $2 million in the project. The new machinery will increase rolled copper output. The Bakhmut Works is one of the largest companies in Europe. It can produce over 1 thousand types and sizes of…Details
In January-February Armenia decreased metal output by 10.8% YoY. According to the National Statistics Service, ferromolybdenum output dropped by 38.6%, to 713 tons, with 368 tons produced in February, up by 6.7% MoM. Molybdenum concentrate manufacture decreased by 0.7%, to 1791 tons (834 tons in February, down by 12.9% MoM). Converter copper output grew by…Details