In January-June, ArcelorMittal Kriviy Rih increased output by 7% YoY. The beginning of the year was complicated because of the growth of prices for cargo transportation and raw materials. Because of the increase in import duties, AMKR has reoriented its sales from Egypt, UAE and Saudi Arabia to Latin America and China. This year, the…Details
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Until the end of November, Azovstal intends to complete capital repair of air heaters No. 11 BIS of the blast furnace No. 3 and No. 12 BIS of the blast furnace No. 4. Investments in the project amounted to 140 million UAH. Thanks to repairs, the temperature in the furnace will be increased to 1200…Details
In January-July, the Ukrtruboprom enterprises increased pipe output by 23.6% YoY, to 377.6 thousand tons. In particular, Interpipe Niko Tube increased manufacture by 78.4% and Trubostal – by 20%. At the same time, Centravis decreased stainless pipes production by 8% and Interpipe NMTZ – electric welded pipes by 33.4%. In July, the Ukrtruboprom enterprises produced…Details
Since the start of the alluvial season, MirBlagMet LLC, developing deposits in Amur region, has extracted 45 kg of gold. This year, the company intends to extract 90 kg of gold. MirBlagMet is operating at two licensed sites along the Bom and Dugda Rivers. In 2020, output totaled 84.5 kg and in 2019 – 102.8…Details
In January-July, Kazakhmys and Kazzinc decreased copper output by 11%, lead – by 18% and zinc – by 6% YoY. Copper wire rod manufacture dropped by 7% and gold – by 3%. At the same time, production of gold in ingots went up by 12%, copper cathodes – by 30% and silver in granules –…Details
In January-May, Russia produced 102.36 tons of gold, down by 1.87% YoY. In particular, the output of extracted gold was 83.7 tons, down by 3.1%, auxiliary gold – 6.14 tons, down by 6.57%, and secondary gold – 12.52 tons, up by 12.39%. Silver output grew by 5.9%, to 375.94 tons, with extracted silver at 160.93…Details
In July, Ukraine decreased iron ore and concentrate export by 6.3% YoY, to 3.64 million tons valued at $782.03 million, up 2.4-fold. According to the State Statistics Service, in January-July exports totaled 26.1 million tons, down by 3.5%. At the same time revenue grew 2.1-fold, to $4.7 billion. China was the main customer with the…Details
In January-July, Ukraine exported 334.6 thousand tons of scrap, up 20-fold YoY. Import amounted to 14.8 thousand tons, up by 39.1%. Scrap procurement grew by 43.1%, to 2.34 million tons. Metal companies received 1.9 million tons of scrap, up by 23.1%. (Ukrainian metal)Details
In January-July, Almalyk Mining and Processing Works exported 55.061 thousand tons of copper, up by 19.6% from the forecast. In particular, copper cathodes accounted for 45.766 thousand tons, up by 9%, copper wire rods – 6.188 thousand tons, up by 181.3%, and copper pipes – 3.107 thousand tons, up by 68%. Zinc exports exceeded forecasts…Details
Global Analytica LLC has won a Prozorro.Sales auction to use a part of subsoil with the reserves of copper ores “Zalesy-Shmenki” with the size of 2336.7 ha. The company offered 122.2 million UAH, up five-fold from the starting price. The land plot is located in Volyn region. Reserves are estimated at 160 thousand tons. The…Details
In 2023, Uzbekistan Iron and Steel Works intends to hold its IPO at a foreign exchange. The corresponding roadmap was approved by the Ministry of Finances and the deputy Prime Minister Jamshid Kuchkarov. Uzmetkombinat has also started work on issuing eurobonds. The company is negotiating the issue with a number of investment banks. Prior to…Details
Interpipe has almost left the Ukrainian market of welded pipes for construction because of a considerable fluctuation of prices for strips in January-June. “In spring, prices for flat rolled metal reached $50-60. It was difficult to shape price for end customers, so we decided not to take risks and tried to sell products mostly from…Details
Interpipe intends to increase its pipe heat treatment capacities 2.5-3-fold having constructed a new treatment unit at Interpipe Niko Tube. “Global pipe buyers switch to premium and high-strength products. To improve pipe quality, it must be heat-treated. At present Interpipe heat treatment capacities are limited. Thus, we have started a new investment project to construct…Details