Russian silver and gold producer Polymetal International will buy 5% in the Prognoz silver field for $3 million through an acquisition of 10% in Polar Silver Resources, which indirectly controls 50% in the field, Polymetal said in a statement. Polymetal also has an option for raising the stake in the field, located in the republic…Details
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Aktau city is planning to build a steelworks in the territory of Aktau Seaport. The project is to be launched from Q1. The plant will produce molded steel and cast iron items for various sectors of national economy. Progressive method – lost foam casting – will be applied at the plant. Its territory will cover…Details
In 2016, NLMK Group steel output increased by 4% YoY to a record 16.6 million tons; sales totaled 15.9 million tons (stable YoY). Group steelmaking capacities in 2016 were running at 96%, up by 3% YoY. Q4 2016 sales totaled 3.6 million tons (down by 4% YoY); steel output grew by 8% to 4.2 million…Details
The State Service of Geology and Earth has resumed 2 special allowances to use the earth to Evraz Sukhaya Balka. According to the ruling, the licenses No. 592 dated August 5, 1996 and No. 599 dated August 6, 1996 have been resumed since the company has removed all violations. The licenses were suspended in September…Details
Law enforcers together with the military have suppressed the delivery of 80 kg of scrap from the exclusion zone of the Kiev region. In mid-January 3 Ukrainians were stopped some 100 meters from the exclusion zone while transporting around 80 kg of scrap. The investigation revealed that they were stocking scrap to sell. (Ukrainian metal)Details
In 2016 Oskol Electrometallurgical Works supplied 3.23 million tons of rolled steel to its customers, up by 2.5% YoY. Exports saw an increase of 10.5% YoY, to 2.63 million tons, while local consumers received 0.6 million tons, down by 22.1% YoY. The total deliveries during the last 3 years increased by 6.6%, with exports up…Details
In 2016 Vyksa Iron and Steel Works, a part of OMK, produced and supplied over 3 thousand tons of shaped tubes for the construction of the new and the reconstruction of the existing arenas. In particular, pipes were supplied for the construction of stadiums in Nizhny Novgorod, Saransk and Volgograd, which would host FIFA World…Details
In 2016 Evraz-ZSNK shipped 6.05 million tons of rolled steel via railroad. This is down by 1.8% YoY. Exports saw 3.82 million tons, up by 9.6% YoY, while local deliveries dropped by 16.6% YoY, to 2.22 million tons. In total for the past 3 years deliveries decreased by 5.6%, with exports growing by 13%, and…Details
In 2016 Severstal supplied 195.6 thousand tons of rolled metal to Gazpromtrubinvest. “This is the record volume of supplies in the history of our cooperation – since 1999. Last year our deliveries to GPTI increased by 108 thousand tons, or 2-fold YoY”, Severstal Russian Steel sales director Yevgeny Chernyakov said. To GPTI Severstal supplies hot-rolled…Details
Zagorsky Pipe Works has won a tender to supply pipes to Yamal SPG. The company has to deliver 10 thousand tons of pipes with 530×25 mm and 530×28 mm size of X70 steel with insulation. The pipes will be used in construction of the second stage of the Yuzhno-Tambeysk gas condensate deposits. (Ukrainian metal)Details
Energomashspetsstal will supply a large batch of ingots to Euskal Forging (Spain). The contract concluded presupposes the production and delivery of 36 forgings with the total weight of 1039.6 tons. The ingots will be used as raw materials for production of parts for various industries. All the forgings will be supplied by installments. According to…Details
Products of Severstal – Balakovo Section Works have received the certificates of correspondence of the Republic of Belarus. The quality of S500 rebars with 8-40 mm diameter (GOST R 52544-2006) and A400 rebars of 25G2S and 35 GS steel of 10-40 mm diameter (GOST 5781-82) has been confirmed following the tests of an independent laboratory…Details
In 2016, according to the railroad statistics, Magnitogorsk Iron and Steel Works received 2.15 million tons of ferrous scrap. The deliveries increased by 20.2% YoY, and slightly exceeded the 2013 level. Still they were 15.5% below 2014 results. After NLMK-Kaluga MMK has the second largest index of positive scrap consumption in 2016. (Ukrainian metal)Details