Russian steelmaker Novolipetsk Steel (NLMK) expects its capital expenditures to exceed $900 million in 2020 with the exact figure to be clear in March, NLMK President Grigory Fedorishin announced on January 23 on the sidelines of the World Economic Forum. He confirmed the earlier plan of $1 billion in 2019 and about $900 million per…Details
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In 2019 Ukraine exported $14 billion worth of metal and mining products. It is expected, that last year Ukraine exported some 14.7 million tons of rolled metal valued at $7.2 billion. In 2018, 14.4 million tons were exported at $7.8 billion. The share of exports in the total output was 82% in 2019 and 78.5%…Details
The State Property Funds says that the privatization of Centerenergo and Krasnolimanskaya Coal Company as one package is possible. For this the fund is cooperating with the Ministries of energy and environment, economy and prime minister in order to develop a correct policy. Privatization of such assets, as Krasnolimanskaya, according to the fund, should be…Details
In December 2019 Ukraine produced 1.61 million tons of pig iron, up by 15.5% MoM, 1.56 million tons of steel, up by 17.8%, and 1.43 million tons of rolled metal, up by 15.3%. Moreover, 5.25 million tons of iron ore concentrate were produced (+1.4%), 2.47 million tons of sinter (+10.8%), 1.51 million tons of pellets…Details
Products of Belarus Iron and Steel Works have won the Best Products of Belarus 2019 award in the “Products of the manufacturing and technical usage” nomination. In particular, the hot-rolled alloyed round steel with the diameter of 30 to 80 mm and the grade of 16MnCrS5/20MnCrS5 has been awarded. The steel is used to produce…Details
According to the Association of Trade Seaports, in 2019 the seaports’ throughput totaled 840.3 million tons, up by 2.9% YoY. Ferrous metals transportation accounted for 26.7 million tons, down by 12.6%. In particular, the port of Ust-Luga transported 0.179 million tons of ferrous metals, up by 56%, St. Petersburg – 4.944 million tons, down by…Details
Tulachermet was able to increase the volume of its pig iron-transporting ladles from 65 to 80 tons by decreasing the thickness of the refractory lining. This allows decreasing time needed to pour pig iron into converters, thus improving the converter steel shop efficiency. At present all the 43 ladles have been modernized. (Ukrainian metal)Details
In 2019 Vorkutaugol increased coal output. Rock excavation totaled 10.3 million tons, up from 9.6 million tons in 2018. Rock processing grew from 7.9 million tons to 9.8 million tons. Coal manufacture went up from 3.4 million tons to 4.6 million tons. (Ukrainian metal)Details
In 2019 Stoylensky Mining and Processing Works pelletizing factory produced 7.007 million tons of pellets, up by 4% YoY. Since its commissioning in 2016, the factory has produced 20 million tons of pellets with the iron content of 64.5%. The factory with the design capacity of 6 million tons of pellets was commissioned in November…Details
In 2019 Polymetal increased gold output by 3% YoY, to 1614 thousand ounces. The result is 4% higher than the initial manufacturing target of 1.55 million ounces. In Q4 2019 gold output decreased by 15% YoY, to 383 thousand ounces. Annual revenue grew by 19%, to $2.2 billion, and in Q4 2019 – by 1%,…Details
The new continuous hot-dip galvanizing unit No. 3, built by Magnitogorsk Iron and Steel Works (MMK) in 2017, produced 334.6 thousand tons of galvanized metal in 2019. A year earlier, the unit produced 278.9 thousand tons of galvanized steel. As such, it is very close to the design capacity of 360 thousand tons per year.…Details
International rating agency Moody’s has affirmed the corporate family rating of Russian oil and gas pipe producer TMK at B1 and the company’s default rating probability at B1-PD, and improved the outlook to Positive from Stable, the agency said in a statement. “Our decision to change the outlook on TMK’s ratings to Positive mainly reflects…Details
IRC Ltd, the iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 12.5% QoQ, to 695,431 tons, in October-December 2019, the company said in a statement January 23. In 2019, production rose by 15.3% YoY, to 2.576 million tons. Sales of iron ore concentrate went…Details