Russia is suffering from a considerable railroad wheel shortage. The deliveries from two main manufacturers – OMK and Evraz – at 45 thousand rubles ($660) per wheel are not enough. The price reaches 150 thousand rubles ($2200) or even 250 thousand ($3670). While two years ago the price was 25 thousand rubles. The situation worsened…Details
Severstal and KamAZ have signed a long-term agreement on metal supplies in 2019. The company will supply cold- and hot-rolled metal to be used in the manufacture of various spare parts. In 2018 Severstal delivered over 47 thousand tons of metal to KamAZ. Last year the company also started supplying steel grades to replace import…Details
The department of the inner market protection of the Eurasian Economic Committee has started a special investigation on the imports of welded pipes made of corrosion-resistant steel. In particular, the department will be investigating the imports of pipes and tubes with the outer diameter of 6 to 115 mm and wall thickness of 0.4 to…Details
In 2019 Russian Copper Company intends to start mining copper-zinc ore at the three new deposits in Kazakhstan. The group is prepared to invest some 870 million rubles in the project. In particular, RCC will be developing the Aralchinskoye, Kundyzdy and Limannoye deposits. Ore from the three deposits will increase the share of the copper-zinc…Details
Rusburmash has started prospecting works at the site of the future uranium mine No. 6 of the Argunskoye and Zherlovoye deposits. The project is expected to provide the nuclear industry with raw materials and keep jobs at the largest uranium-mining enterprise of Russia – the Priargunskoye manufacturing mining and chemical enterprise named after Slavskiy. Rusburmash…Details
Evraz ZSMK has confirmed its certificate for OR50 NT260 switch rails.
The representatives of the Russian Railroads together with the company specialists have checked the rails.
Evraz ZSMK is the only company in Russia to produce such rails. (Ukrainian metal)
GV Gold has won an auction for geological exploration and development of ore gold on the Ergelyakh block in the republic of Yakutia, the company said in a statement. Ergelyakh is located 30 kilometers off the Drazhnoye deposit of GV Gold’s Tarynsky ore-enrichment plant. Ergelyakh’s forecasted ore gold resources stand at 0.12 tons under the…Details
In July-December 2018, Coal Energy S. A. decreased net losses by 15.1% YoY, to $7.31 million. Income grew by 32.2%, to $6.96 million and EBITDA – by 55.1%, to $1.22 million. Coal mining increased by 27.8%, to 70.3 thousand tons, including 68.3 thousand tons of coking coal, up by 39.7%. Sales growth was 19.5%, to…Details
A draft decree has been registered in the Verkhovna Rada. It presupposes canceling the voted draft decree on the increase of scrap export duty from 42 euro to 58 euro per ton. According to the accompanying note, because of the implementation of this decree, the balance of interests of all participants will be lost, and…Details
Since the start of the year and as of March 3, Polyus Aldan has produced 1 ton of gold.
In 2017 the first ton was produced on March 13, and in 2018 – on March 6.
In 2018 the enterprise produced 6.2 tons of gold. (Ukrainian metal)
The warehouse complex of ChTPZ has supplied 174 tons of large diameter pipes for the construction of a bridge over the Ob River. The pipes for the Novosibirsk bridge were produced at the Chelyabinsk Pipe Rolling Plant. The batch comprised electric-welded pipes with the diameter of 530 to 1220 mm and the wall thickness of…Details
Uralelectromed has started preparations to laying the foundation for the third stage of the copper electrolysis shop.
All the foundation work is expected to be completed in June 2020.
The new site will house one circulation system consisting of 224 electrolysis baths with auxiliary equipment. (Ukrainian metal)
In order to create safe labor conditions Russian Copper Company enterprises gradually implement the integrated management system according to ISO 14001:2015 and OHSAS 18001:2007.
In February Karabashmed passed the first supervisory audit of the systems.
The certificates were received in June 2018. (Ukrainian metal)
In 2018 ChTPZ net profit grew 1.9-fold YoY, to 7.7 billion rubles. Sales revenue increased by 13%, to 178.84 billion rubles, and gross profit – by 17.9%, to 44.29 billion rubles. The product prime cost went up by 11.5%, to 134.56 billion rubles. The company fixed liabilities dropped by 5.3%, to 74.2 billion rubles. (Ukrainian…Details
Vostochniy Mining and Processing Works has announced an auction to buy black oil with the expected cost of 20.19 million UAH. This year for its Ingulskaya and Novokonstantinovskaya mines in Kirovograd region the company intends to order 1230 tons of M-100 black oil valued at 16411 UAH per ton. Only two companies were allowed for…Details
Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov said how the company was saved from bankruptcy. – There is lot of criticism of Kyrgyzaltyn. How difficult is the situation in the company? – There are only two deposits in the structure of Kyrgyzaltyn OJSC now – Makmal and Solton-Sary. Reserves of both are depleted. We…Details
The state enterprise Lvivugol has concluded an agreement with Corum Trading LLC on the purchase of mining machinery valued at 107.4 million UAH. According to the agreement, the state enterprise will buy a CLS450 heading machine for 45 million UAH and an armored conveyer for 62.5 million UAH. The machinery will be operating at the…Details
In February ArcelorMittal Kriviy Rih received the most of VAT returns – 1.342 billion UAH, up almost 2-fold MoM (723.6 million UAH). According to the State Treasury Service, Mariupol Ilyich Iron and Steel Works and Azovstal were among the top-3 VAT receivers with 1.108 billion UAH and 987.8 million UAH respectively (1.013 billion and 1.032…Details
Karelsky Okatysh has put into operation a new train consisting of 12 dump cars. Unlike the previous model, the new dump cars can transport 10 tons more. Thus each car can now transport 115 tons of ore. The power of the locomotive allows moving the rolling stock loaded with over 2 thousand tons of ore.…Details
According to Rusal, in 2018 Russian aluminum consumption increased to 1 million tons.
The company intends to help the Russian market develop.
The government has developed a program to increase processing capacities.
According to the program, aluminum consumption on the domestic market will grow to 2.8 million tons by 2023. (Ukrainian metal)
In 2018 Evraz NTMK mastered the manufacture of 14 new rolled metal sections. In particular, the wheel-tyre shop started producing 7 new types of railroad wheels. The bar shop mastered the manufacture of a tube billet with the diameter of 156 mm. The rail and beam shop began producing new rails for subway. The beam…Details
On March 4, Metinvest-Resource LLC purchased 7.3 thousand tons of scrap valued at 47.2 million UAH at the trades in the ProZorro system. Metinvest-Resource is the sole supplier of scrap to Metinvest enterprises. The initial price of the lot 13B increased from 46.788 million UAH to 47.256 million UAH. Thus, 1 ton of scrap costs…Details
In January-February Ukraine decreased rolled metal output by 0.4% YoY, to 3.093 million tons. Steel manufacture dropped by 0.6%, to 3.53 million tons, and pig iron – by 7%, to 3.358 million tons. In February Ukraine produced 1.57 million tons of pig iron, 1.68 million tons of steel and 1.49 million tons of rolled metal,…Details
In 2018 Seversky Pipe Works decreased net profit 5-fold, to 49.6 million rubles.
Revenue grew from 40.4 to 51 billion rubles, with sales profit up from 1.4 billion rubles to 3.68 billion.
The volume of fixed liabilities increased from 13.8 to 17.1 billion rubles. (Ukrainian metal)