In January-October Ukraine imported 17.425 million tons of coal, up by 15.5% YoY, valued at $2.461 billion, up by 14.4%. Russia supplied $1.525 billion worth of coal (62%), USA – $739.27 million (30.04%), Canada – $126.946 million (5.16%) and other countries – $68.88 million (2.8%). Moreover, in 10 months Ukraine exported 56.223 thousand tons of…Details
Employees of the state enterprise Lvivugol have blocked the road to the customs checkpoint of Rava-Russkaya on the border with Poland. The miners demand being paid salary for September and October. Some 40 miners participated in the strike. The police have agreed with the strikers to let cars through every 15 minutes. The miners also…Details
On November 16, on the day of its 85 years, Zaporizhstal received conformation of its records entered into the National project of records of Ukraine. This is the reconstruction of the blast furnace No. 3 and the environment initiative “Save the Dnepr Together”. The reconstruction lasted for 8 months, while usually it lasts for 1.5…Details
US has retained the 163% import duty on ferrosilicomanganese from Ukraine. The country believes that if the duty is cancelled, local manufacturers will be severely hit. The antidumping duty of 163% was set in 1994 as the result of the investigation initiated by local ferroalloys manufacturers. In September 2006 it was prolonged for 5 years.…Details
Magnitogorsk Iron and Steel Works’ (MMK) Industrial Park signed a cooperation agreement with the Chelyabinsk Region Investment Development Agency and Metallurgic Deoxidizers Plant. The parties have agreed to cooperate on a project to construct a plant in Magnitogorsk to produce deoxidizers for steel, located in MMK Industrial Park. Investment in the first stage of the…Details
Magnitogorsk Iron & Steel Works (MMK) participated in Metal-Expo’2018, the 24th International Industrial Exhibition, in Moscow. Traditionally, MMK’s stand was one of the biggest and the most impressive at the forum. Its visitors were able to explore a wide range of products and technological capabilities from both MMK plant itself and MMK Group’s companies. Among…Details
Precious metal prices increased in Azerbaijan on November 16, according to the data published by the Central Bank. The price of gold grew by 5.831 manats, to 2,066.4265 manats per ounce on November 16 compared to the price on November 15. The price of silver went up by 0.2569 manats, to 24.3513 manats per ounce.…Details
NLMK Group, an international steel company, is pleased to announce the appointment of Peter Georg Selbach as CEO of NLMK Belgium Holdings plate business, which includes two companies in Europe: NLMK Clabecq (Belgium) and NLMK Verona (Italy). Peter Selbach will succeed Cornelius Louwrens, who will be leaving the company before the end of 2018. Peter…Details
Polymetal has started the seasonal activity suspension at the heap leaching factory in Magadan region. The operation of the factory lasted for a month longer this year. Thus, the northernmost heap leaching site of Russia increased gold output in January-September by 189% YoY, to 308 kg. The preparation for the factory conservation will take some…Details
The city of Chelyabinsk hosted a traditional meeting of MMK and Chelyabinsk Pipe Works representatives. “MMK is our long-time and reliable supplier of metal. The share of MMK sheet in our orders is over 50% each year, and rolled coils – over 70%. Thus, the cooperation with the key partner is very important for us”,…Details
Baikal Mining Company and the Dalstroymekhanizatsia Company have signed an agreement to construct a road from the Novaya Chara station to the site of the Udokan mining and processing works. The new road with the length of over 17 km and the width of 6 meters will allow transporting 700 thousand tons of ore per…Details
Severstal – Bar Works Balakovo has completed a scheduled capital repair of machinery. The total cost of the work exceeded 80 million rubles. The specialists carried out repair in the electric arc, bar-rolling and machinery shops. “The main work focused on the restoration of the initial parameters of the machinery lost during operation. The repair…Details
The technique to use hot-briquetted iron in steel manufacture is being developed at Pervouralsky Pipe Works. According to the ChTPZ commercial director Denis Prikhodko, HBI will be purchased at Mikhailovsky and Lebedinsky Mining and Processing Works of Metalloinvest. “We have great prospects of cooperation with Metalloinvest”, he added. In particular, PNTZ intends to increase purchases…Details
The government of Kyrgyzstan wants to revise a strategic agreement with the Canadian company Centerra Gold Inc. on cooperation on Kumtor project, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziyev announced at a meeting of the Parliament. According to him, the current government is not satisfied with the terms of the agreement signed by the ex-Prime…Details
Because of the salary debts two miners from Lviv region have gone on a hunger strike. For three days they have been living in the conference hall of Lvivugol, sleeping on chairs and only drinking water. Their colleagues promise to join them and even block roads if they are not paid their due. According to…Details
Energomashspetsstal has signed an agreement for the delivery of back-up rolls to Mariupol Ilyich Iron and Steel Works. According to the contract, EMSS will produce 480 tons of rolls. There will be 4 rolls weighing 120 tons each. The shipping is scheduled for Q2-3 2019. The EMSS-produced rolls will be installed at the hot-rolling plate…Details
Magadan region can offer gold-extractors to additionally develop its non-ferrous metals deposits. Copper extraction is a promising business in the region. Its reserves are estimated at 44 million tons. The region also has some reserves of lead, tungsten and other non-ferrous metals. Copper could be exported, as it was not hit by the sanctions. (Ukrainian…Details
Rusal has received a permission from ING Bank to change the payment currency from dollars to euros on the loan attracted on April 6, when it fell under the US sanctions. ING is an agent on the loan under the pre-export financing agreement for $2 billion dated May 24, 2017. The term of Rusal annual…Details
In October NLMK-Ural received 186.3 thousand tons of scrap via railroad.
According to railroad statistics, this is up by 4.5% YoY.
In January-October scrap deliveries to NLMK-Ural grew by 3.3% YoY, to 1.47 million tons. (Ukrainian metal)
In October direct scrap deliveries to MMK totaled 283.5 thousand tons, down by 12.9% YoY.
According to the railroad statistics, in 10 months deliveries reached 1.65 million tons, up by 0.3% YoY.
Since 2012 the company has been a leader in scrap purchases via railroad. (Ukrainian metal)
The Service Company Severo-Zapadniy Pipe Works LLC (Saint Petersburg), earlier declared bankrupt, ceases existing. According to local mass media, the demolition of the premises has started. Earlier the land plot of 6.7 ha has been sold to Setl Group for housing construction. SZTZ used to produce water and gas pipeline pipes as well as hollow…Details
VSMPO-Avisma is preparing to commission two Bost vertical turning and boring machines. They are assembled in the shop No. 2 and will be used to process bulk parts – billets with the length of 5 meters and rings with the diameter of 4 meters. So far the shop had to sent bulk components to the…Details
The Magnitogorsk Iron and Steel Works’ (MMK) strategy for the coming years is further investment in the modernization of equipment in order to improve efficiency and reduce the environmental burden, according to MMK’s Head of Procurement and Marketing Evgeny Sarana. Speaking in Moscow at the 21st “Russian Metal Market” International Conference on November 12, he…Details
NLMK Group, an international steel company, announces the appointment of Shamil Kurmashov as NLMK Group CFO, effective from November 15. Kurmashov will be in charge of coordinating the work of financial departments across all NLMK Group companies, supporting the execution of the new strategic cycle of the group leading up to 2022, and driving the…Details