In January-June, the Sakhalin-based Kurilgeo LLC received a revenue of 1.6 billion rubles from the sales of precious metals, up by 7.4% YoY. The result is due to the 26% increase in average gold price. Profit grew by 67%, to 491 million rubles. In H1, Kurilgeo produced 437 kg of gold, down by 14% YoY.…Details
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In August, Ukraine decreased steel output by 5.7% YoY, to 1.8 million tons. Sinter output grew by 2.4%, to 2.8 million tons. At the same time, coke production dropped by 6.8%, to 820 thousand tons, pig iron – by 1%, to 1.8 million tons, rolled metal – by 6%, to 1.7 million tons, while pipes…Details
In January-June, Ferrexpo increased the share of iron ore pellets deliveries to the South-Eastern Asia countries, including China, to 67% from 30% last year. Sales to the Central and Eastern Europe dropped to 21% from 36%, to Western Europe – to 4% from 13%, to North-Eastern Asia – to 3% from 16% and to the…Details
In January-July, Russia produced 176.3 tons of gold, down by 4.8% YoY. The share of extracted gold totaled 85%, or 150.1 tons. The rest accounts for secondary metal (16.4 tons) and by-product (9.8 tons), down by 46.8% and by 10.4% YoY respectively. The Far Eastern Federal District produced 94.5 tons of gold, up by 6%,…Details
In January-August, Ukraine exported 314.1 thousand tons of pipes, down by 29.1% YoY, valued at $357.4 million, down by 25.1%. According to the customs statistics, in August exports decreased by 28.8%, to 32.1 thousand tons valued at $36.2 million, down by 19.4%. Seamless pipes accounted for 232.7 thousand tons valued at $307.8 million. Ukraine also…Details
In August, Ukraine exported 787.4 thousand tons of semi-finished steel products, up by 43.1% YoY. In monetary terns exports grew by 22.9%, to $276.7 million. According to the customs statistics, in January-August exports reached 5.1 million tons valued at $1.83 billion, up by 4.7%, but down by 10.6% respectively. The main customers wee Italy (24.6%),…Details
The Ferrexpo board of directors has announced the payment of additional special interim dividends in the amount of $0.066. The new dividends follow those announced in June (with the same amount) and in July (also $0.066), thus bringing the total to $0.198. The special interim dividends will be paid on October 8 in pounds sterling…Details
In August, Ukraine exported 247.9 thousand tons of pig iron valued at $70.3 million, up by 43.7% and by 29.1%. According to the customs statistics, in January-August, exports grew by 30.7%, to 2.05 million tons valued at $582 million, up by 14.6%. The main customers were USA (57.47%), China (22.87%) and Turkey (7.03%). (Ukrainian metal)Details
In January-August, Yuzhniy Mining and Processing Works increased iron ore concentrate output by 2.4% YoY, to 8.6 million tons. Sinter was not produced at all. In August, UGOK produced 1.16 million tons of concentrate, up by 10.9% YoY. (Ukrainian metal)Details
In January-August, Ukraine decreased ferrous metals export revenue by 18.3% YoY, to $5.1 billion. According to the customs statistics, in August Ukraine exported $633.9 million worth of ferrous metals, up by 2.5% MoM. The share of ferrous metals in the exports structure amounted to 16.7% as opposed to 19.1% in January-August 2019. Imports decreased by…Details
In July, Uzbekistan became the largest global gold seller. The country exported 11.6 tons of gold. Mongolia was next with 6.1 tons. Russia and Germany exported 0.5 tons each. Turkey bought the most gold – 19.4 tons, followed by Qatar (3.1 tons), India (2.8 tons), Kazakhstan (1.9 tons) and Ukraine (300 kg). (Ukrainian metal)Details
In January-August, Ukraine exported 30.712 million tons of iron ore raw materials, up by 12.9% YoY. According to the State Customs Service, revenue grew by 0.9%, to $2.522 billion. The main customers were China (34.4%), Poland (12.17%) and the Czech Republic (10.13%). (Ukrainian metal)Details
Interpipe notes a large drop in scrap procurement in Ukraine together with the growth of the bad quality scrap. “Scrap procurement in Ukraine has decreased because of the pandemic leading to a drop of steel output. There is some scrap shortage, but the losses are minimal”, Interpipe CFO Denis Morozov has said. According to him,…Details