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In 2019, Pravourminskoye LLC, developing the tin deposit of the same name, received 82.9 million rubles of net losses as opposed to a net profit of 60.4 million rubles in 2018. The company produced 2146.8 tons of tin concentrate and sold 2183.3 tons. Sales revenue grew by 22.7%, to 1.405 billion rubles. Sales profit decreased…
DetailsFerrostar will start constructing the plant to produce directly reduced iron at its site in the Titanium Valley Special Economic Zone in the first half of the year. In particular, the construction is expected to begin in June. Investments in the project will amount to 2.24 billion rubles. The plant will be commissioned in December…
DetailsSukremlsky Pig Iron Works has supplied the first batch of socketless pig iron pipes for construction of the infection hospital near Moscow. The company has already shipped 3 thousand pipes and some 7.5 thousand joints, altogether more than 90 tons. The pipes are used to construct sewer system of the hospital. (Ukrainian metal)
DetailsIn March, Ukraine produced 1.79 million tons of steel, down by 9.1% MoM. Pig iron manufacture decreased by 4.6%, to 1.75 million tons, and rolled metal – by 7.9%, to 1.56 million tons. In 3 months pig iron output dropped by 2% YoY, to 5.11 million tons, steel – by 3%, to 5.34 million tons,…
DetailsPJSC Magnitogorsk Iron & Steel Works, one of the world’s largest steel producers, announces that Standard & Poor’s Global Ratings has revised MMK outlook from positive to stable and affirmed the rating at BBB-. The outlook revision reflects uncertainties about near-term economic prospects, demand/supply and pricing for steel and raw materials, potential protection measures, and…
DetailsIn 2019, ArcelorMittal Kriviy Rih expenses on environment amounted to 562.9 million UAH. Environmental measures enable the company to comply with environmental standards established with the legislation and gradually reduce environmental footprint. Every year, the company allocates funds for implementation of major investment projects, including repair of fixed assets intended for environment protection purposes. For…
DetailsThe Ministry of Economy of Mexico will conduct another investigation of the imports of carbon and alloyed hot-rolled metal from Ukraine and Russia. Antidumping duties were imposed in late March 2000. They were then prolonged in 2006, 2011 and 2016. At present they amount to 46.66% for Ukrainian companies and to 30.31% for Russian. The…
DetailsMetinvest has suspended operation at two of its Italian plants due to the COVID-19 pandemic and the demands of the government. In particular, Ferriera Valsider and Metinvest Trametal will be shut down until April 3. In case the suspension of operation continues, Metinvest is expecting a decrease of output at its Ukrainian assets as well,…
DetailsContact rails manufactured by Izhstal have been used in the construction of the second site of the Nekrasovskaya line of the Moscow subway. The company mastered the manufacture of such rails in 2018. Last year, Izhstal supplied almost 6 thousand tons of rails for the construction of the Moscow subway, and since the start of…
DetailsIn 2019 Amur Miners’ Team received 237.195 billion rubles of revenue, down by 49.2% YoY. Last year platinum output decreased by 8.1%, to 206.4 kg. Sales losses totaled 122.526 million rubles, down by 44.9%. Despite sales losses the company received 13.482 billion rubles of net profit. (Ukrainian metal)
DetailsPolymetal has made a strategic alliance and concluded an agreement to buy gold-containing concentrate from Blackham Resources (BLK), Australia. The company will buy 70% of concentrate produced at the first stage of the Wiluna deposit development during the first three years, or 122.5 thousand tons of concentrate with the gold content of not less than…
DetailsThe Belarusian steel mill BMZ exported 2.2 million tons of metal products worth $1.16 billion in 2019, the company’s press service reported. BMZ products were shipped to 65 countries. The top destinations were countries of the European Union, Russia and Africa. In January-February the top five importers of BMZ metal products were Russia, Germany, Poland,…
DetailsMetinvest-Shipping, the main expeditor of Metinvest, has retained the first place in the “Expeditor of the Year” nomination of the 13th National Sea Rating. The company has been reaching the first place for the past 5 years. Metinvest-Shipping has become the absolute leader in non-container cargo transportation. Last year, the company shipped 32.86 million tons…
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