Russia: gold and silver output down in January-September 2016
In January-September Russia produced 214.12 tons of gold, down by 1.4% YoY. Silver output totaled 800.32 tons, down by 9.4% YoY.
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In January-September Russia produced 214.12 tons of gold, down by 1.4% YoY. Silver output totaled 800.32 tons, down by 9.4% YoY.
DetailsIn January-October Russia produced 57.7 million tons of steel and 49.8 million tons of ferrous rolled metal, down by 0.9% and 1.5% YoY respectively. According to the Federal Service of State Statistics, in October steel output went up by 2% YoY and by 4.1% MoM. Rolled metal output increased by 0.3% YoY and by 1.3%…
DetailsIn January-September Ukrainian market received 3 million tons of rolled metal (without pipes), up by 20.8% YoY. With pipes deliveries total 3.33 million tons. In the reporting period Ukraine imported 0.48 million tons of metal, or 16.1% as opposed to 13.6% in January-September 2015. The growth trends over January-September have been observed in beams (up…
DetailsThe net profit of Russian oil and gas pipe producer TMK dropped by 80.7% QoQ to $11 million in July-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue fell by 3.6% to $822 million, and gross profit decreased by 13.6% to $165 million. Adjusted earnings before interest, taxes, depreciation, and amortization…
DetailsMetalloinvest has concluded long-term contracts for the delivery of hot-briquetted iron to Magnitogorsk Iron and Steel Works (MMK), Tube Metal Company (TMK) and the ChTPZ group. Metalloinvest will supply 570 thousand tons of HBI: 200 thousand tons to MMK, 220 thousand tons to TMK and 150 thousand tons to ChTPZ. “These are the first long-term…
DetailsIn January-September Donetsk region (without the antiterrorist operation zone) earned $2542.1 million from exports, down by 11.9% YoY. The region exported products to 101 countries. In particular, ferrous metals exports accounted for 76.3% of the total volumes. The regional companies exported $1.9 billion worth of ferrous metals, down by 10.6% YoY. Ferrous metal wares exports…
DetailsEnergomashspetsstal has concluded agreements for the supply of forming rolls for ArcelorMittal iron and steel works in Spain and Romania. According to the company statement, two rolls for the cold-rolling mill will be produced for AM Sagunto SL (Spain), which processes rolled sheet for car industry. Rolls weighing 80 tons will be completely treated by…
DetailsSergey Likhopud, who headed the department of legal matters in Severstal Management, has been appointed the general director of Vorkutaugol. “Sergey Likhopud became the director in a complex time. We have difficult tasks. I hope his knowledge and experience will lead the company out of the crisis situation”, Severstal BD chairman Alexei Mordashov said. (Ukrainian…
DetailsThe Ministry of energy and coal industry of Ukraine is giving documents of Krasnolimanskaya state enterprise to the State Property Fund. According to the ministry decree, the department of corporate and property rights has to transfer the documents within 1 week. In 2015 Krasnolimanskaya mined 641.7 thousand tons of coal, down by 30.9% YoY. In…
DetailsThe minister of energy and coal industry of Ukraine Igor Nasalik visited Severodonetsk in Lugansk region and met with the state regional administration. Nasalik said that the regional mines would receive financing of 1 billion UAH under government guaranties. “I have come to the Lugansk region to help. I want to see the situation at…
DetailsThree Cyprus-based companies, affiliated with Interpipe, have purchased 19.3% Nikopol South Pipe Works shares each from Transportno-Investitsionnye Tekhnologii LLC. The TIT LLC share decreased from 96.689302% to 38.675721%, while the share of Plamsted Limited increased from 0.000027% to 19.337914%, that of Wolbert Company Limited – from 0% to 19.33786%, and of Kamset Holdings Limited from…
DetailsIn January-October Krivoy Rog Iron Ore Industrial Complex produced 4.13 million tons of iron ore, down by 10.8% YoY. According to the company statement, in October KZhRK produced 449 thousand tons of ore, up from 440 thousand tons in September. In 2015 the company produced 5.46 million tons of iron ore, down by 6.7% YoY.…
DetailsCherepovets Iron and Steel Works continues its autumn repair campaign. In particular the company has finished the overhaul of its sintering machine No. 4. Severstal Russian Steel spent 40 million rubles on repairs. (Ukrainian metal)
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