The copper-smelting shop of Uralelectromed has started assembling works at the anode furnace No. 2 casting complex. Commissioning is scheduled for the second half of July. Similar work has been carried out at the anode furnace No. 3 casting complex and has already allowed decreasing repair and maintenance costs. Previously UEM has modernized casting complexes…Details
The Central Electric Power Plant of MMK has received a new steam turbine, which will replace the existing one and provide for the increase of the plant energy efficiency. Soon the company specialists will start assembling it. The machine has been produced by Ural Turbine Works. Its service life is 40 years. The engine for…Details
The prices of main precious metals, except palladium, decreased in Azerbaijan on July 2, according to the data published by the Central Bank. The cost of gold decreased by 0.7905 manats, to 2,126.3855 manats per ounce compared to the price on June 29. The cost of silver decreased by 0.1468 manats, to 27.2361 manats per…Details
In January-June Zaporizhstal increased steel output by 7.7% YoY, to 2.038 million tons. According to the company statement, pig iron manufacture grew by 28.2%, to 2.14 million tons, and rolled metal – by 14.4%, to 1.811 million tons. In June Zaporizhstal produced 33.2 thousand tons of steel, 349.1 thousand tons of pig iron and 300.9…Details
In April, according to the customs statistics, Russia imported 35.2 thousand tons of ferrous metals scrap from Kazakhstan.
This is more than was imported in March 1.8-fold, but lower by 23% YoY.
In January-April scrap imports reached 94 thousand tons, down by 46% YoY. (Ukrainian metal)
In January-April Russia exported 281.9 thousand tons of copper valued at $1922 million, up by 16.9% and by 43.1% YoY respectively.
Primary copper accounts for 80% of deliveries.
In April the average price was $6766 per ton, up by 24% YoY.
Copper wire rod price was $6558 per ton, up by 21.6%. (Ukrainian metal)
In January-April Russia exported 44.6 thousand tons of raw nickel valued at $598 million, down by 7.2%, but up by 29.4% YoY.
This is the lowest result in the past 10 years volume-wise.
In April the average price was $13920 per ton, up by 4.3% MoM and by 50.3% YoY. (Ukrainian metal)
The construction of electricity lines for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia) will receive 638 million rubles. The current lines are very old. Last year electricity was cut 23 times. For the GOK, which is operating round the clock, this means the shut down of the manufacture. The construction…Details
Kopy Goldfields AB decided to sell rights to develop Kopylovsky project deposits. The deal estimated at $6 million is expected to be finalized in Q3. The Kopylovsky project comprises 4 deposits in Irkutsk region: Kopylovskoye, East field, as well as Pravovesenniy and Takhtykan sites. The licenses to develop the deposits are owned by Kopy Goldfields…Details
Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has handled 11 million tons of coal since the beginning of the year. The 11-millionth ton was loaded onto the Miho Pracat. The 149th vessel since the start of the year is bound for India. Last year the 11-millionth ton was loaded on…Details
Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year.
The share of Mechel in the project is 51%, and Gazprombank – 49%.
Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)
Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…Details
Eurasian Economic Committee has started an antidumping investigation on the imports of galvanized metal from Ukraine. The investigation was started on the basis of the claim from MMK, NLMK and Severstal, which accounted for 50% of rolled metal manufactured in January 2014 – December 2017. The companies claimed that in 2017 rolled metal was supplied…Details
The price of one ounce of gold decreased by 26.792 manats or by 1.26% last week. Accordingly, the average price of one ounce of gold stood at 2,135.8099 manats. The price of one ounce of silver decreased by 0.4361 manats or by 1.59%, to 27.5367 manats. Last week the price of one ounce of platinum…Details
In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…Details
In April, according to the customs statistics, Russia exported 490 thousand tons of ferrous scrap to Turkey, up by 26.5% MoM and by 33% YoY. The average price on the Russian border was $280.5 per ton, up by 5.2% MoM and by 23.2% YoY. In January-April ferrous scrap exports totaled 1.6 million tons, up by…Details
In April Russia exported 172 thousand tons of raw aluminum, down by 43% MoM and by 19% YoY. According to the customs statistics, in January-April raw aluminum exports reached 1.01 million tons valued at $1952 million, up by 9.6% and by 31.5% YoY respectively. In April the average price was $1894.6 per ton FOB, down…Details
The Ministry of industry and trade is constantly monitoring the situation with Rusal and in the cities of its presence. At present “there is no danger”. The minister Denis Manturov believes that the creation of processing enterprises inside the country will be the best way to help both the industry and the company. “All the…Details
The current capacities of the domestic manufacturers of extrusion packing are able to cover the whole demand on the local market, which will greatly increase aluminum consumption. At present the consumption of aluminum cylinders, bottles and pipes is growing. Russian aluminum packaging is successfully used by cosmetics, pharmacological and food companies not only of Russia,…Details
In May Russia produced 4.465 million tons of pig iron, up by 3.9% YoY, with 4.32 million tons produced in April. In January-May pig iron production totaled 21.745 million tons, up by 0.5% YoY. Ukraine decreased pig iron output by 0.6% YoY, to 1.582 million tons (1.649 million tons in April), but increased by 7.7%…Details
Russian metals producer Mechel has retained 23 million tons of coal as a production target for 2018 but does not rule out underperforming, CEO Oleg Korzhov said at an annual general meeting. “The plan to produce 23 million tons of coal stands, but it will be hard to meet it as of today. We will…Details
Russia has sent a claim against additional U.S. import duties on steel and aluminum to the World Trade Organization (WTO), Economic Development Ministry said in a statement, citing Minister Maxim Oreshkin. “The reason for the claim is multiple WTO rule violations committed by the U.S. during the introduction of this measure. Besides Russia, China, India,…Details
The Pipeline Joint Taps Works, a part of ChTPZ, has mastered the manufacture of a new type of product for the nuclear energy. For the first time the works has produced hot-bent taps with the diameter of 219 mm and the wall thickness of 11 mm of stainless steel. The first batch of 18 taps,…Details
June 29 marked the end of three auctions for the sale of real estate properties owned by insolvent KVV Liepajas metalurgs. On May 30 the company’s administrator Vita Dika announced three auctions. The total value of auctioned properties reached EUR 262,000. Auction prices were not applied with VAT. The enforcer was Citadele Bank and other…Details