The 11th Contest of Rolling Mill Specialists in memory of Ion Rotaru, the honored steelmaker of Ukraine, was held at ArcelorMittal Kriviy Rih. This year the teams of steelmaking companies of Kriviy Rih, Kamianske, Zaporizhzhia and Temirtau (Kazakhstan) participated in the contest. Sergey Kozachuk, Director of Rolling Department, ArcelorMittal Kriviy Rih: “Many companies are expanding…Details
In January-April, Azerbaijan produced 1,075 kg of gold, up by 14% YoY, the State Statistical Committee reported. Silver production increased by 15.4%, to 1,007 kg. Copper mining grew by 27.8%, with 654.7 tons of copper ore and concentrates produced during the first 4 months of the current year. As of May 1, finished copper ore…Details
Over the week, the price of one ounce of gold increased by 12.5715 manats or by 0.6% in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,170.1775 manats. The price of one ounce of silver grew by 0.2286 manats or by 0.9%, to 24.5927 manats. The price of one ounce of…Details
The Eurasian Economic Committee has prolonged the antidumping duties on steel forged rolls from Ukraine.
The duty has been prolonged till February 25, 2020.
At present the size of the duty is 26%. (Ukrainian metal)
In January-March, the British Trans Siberian Gold Plc, developing the Asachinskoye gold ore deposit in Kamchatka District, produced 11,857 ounces of chemically pure gold and 30,874 ounces of silver, up by 4.5% and by 46.1% YoY respectively. Dore alloy gold output grew by 52.4%, to 12,345 ounces, and silver – 2-fold, to 32,158 ounces. Gold…Details
In January-March, Nordgold gold output totaled 211.7 thousand ounces, down by 9% QoQ.
Corrected EBITDA dropped by 2%, to $122.5 million.
Net profit grew to $64.3 million as opposed to net loss in Q4 2018. (Ukrainian metal)
Zaporozhye Titanium and Magnesium Works has increased wages to its employees by 20% from May 1. According to the company statement, the increase was due to the effective operation of the enterprise. The increase in wages will result in the growth of taxes at the level of over 30 million UAH per year. Payments to…Details
Avdiivka Coke and Chemical Works, a part of Metinvest, and the administration of the town of Avdiivka (Donetsk region) have signed an agreement on social partnership. Financing of the social programs will total 18.1 million UAH. In 7 years of cooperation Metinvest has invested over 70 million UAH in Avdiivka development. The funds were spent…Details
The modernization projects of Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works have made it to the top-20 best environment programs. The rating comprised local and foreign companies operating in Ukraine. Both completed and programs in progress were taken into account. The rating is topped by Azovstal, with its blast furnace No. 3 reconstruction…Details
In January-April, Ukraine mined 10.204 million tons of coal, down by 9.2% YoY. In particular, coking coal output dropped by 25.1%, to 1.618 million tons, while that of power-generating – by 5.4%, to 8.586 million tons. According to the Ministry of energy and coal industry, in April coal mining decreased by 14.9% YoY, to 2.439…Details
In January-March, Beloretsk Iron and Steel Works increased metal wares sales by 3% QoQ, to 109 thousand tons. According to the company statement, sales of ball bearing wire grew by 96%, galvanized wire – by 13%, and low-carbon wire for ferroconcrete structures – by 70%. The sales of nails and steel mesh went up by…Details
PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of the German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years. The joint work of the companies will be organized through the Siemens online store – Industry Mall. Through the…Details
ArcelorMittal Kriviy Rih has finished the pre-commissioning of the upgraded automated dispatch control system for mining and conveyor equipment. The project price amounted to over UAH 16 million. The company started using the system in 2003, and in 2009 it switched it to Tetra digital data transmission system. Nevertheless, since then, ArcelorMittal Kriviy Rih has…Details
The supervisory board of Yuzhkoks has stopped the office of the CEO Andrei Shabanov. Kirill Avramenko, the company CFO, has been elected acting CEO. The decisions were taken on May 22. The reason for such a decision is not explained. Shabanov was appointed Evraz Yuzhkoks CEO on December 18, 2017. On April 1, the supervisory…Details
Azerbaijan earned as many as $32.5 million by exporting 775.35 kg of gold in January-March. In the same period last year, the export of gold from Azerbaijan made up 726.05 kg worth $30.9 million. Thus, the export of gold in quantitative terms increased by 6.8% and the revenue went up by 5.3%. Gold production in…Details
Prices of precious metals increased in Azerbaijan on May 24 compared to the prices of May 23. The price of gold grew by 18.343 manats, to 2,182.5705 manats per ounce. The price of silver went up by 0.2394 manats, to 24.7752 manats per ounce. The price of platinum increased by 7.089 manats, to 1,364.7345 manats…Details
TUV SUD specialists have inspected Krasniy Octyabr Iron and Steel Works.
In particular, the inspectors checked the company quality and environment management systems.
The ISO 9001 and ISO 14001 certificates have been issued for 3 years, but in 2020 and 2021 the specialists will visit the plant again for an interim inspection. (Ukrainian metal)
According to the Federal Service of State Statistics, in April, industrial prices grew by 0.5% MoM, but dropped by 0.6% YtD. In metal industry, prices increased by 2.2% MoM and by 6.3% YoY, with prices in January-April up by 6.4% YoY. In particular, pig iron, steel and ferroalloys prices went up by 3.6%, copper –…Details
Sergey Fedorov has been appointed a new CEO of Beloretsk Iron and Steel Works. He has replaced Victor Kamelin, who has been serving in the office for almost 10 years. Fedorov has graduated from the Magnitogorsk Mining and Metallurgical Institute with a specialization in metal pressure treatment. In 1984-2009 he had been working at the…Details
At the public hearings ArcelorMittal Kriviy Rih has presented a report on the planned reconstruction of the wire mill No. 1 influence on the environment. The project will see two loop layers and two wire-addition systems replaced by Danieli. The capacity of the mill will not increase. In order to increase it, the company will…Details
Several of fifteen miners of the Georgian Manganese in the western town of Chiatura have sewn their mouths in protest as the company refuses to fulfill their demands regarding increased salaries. The miners went on strike on May 15, demanding a 50% increase in salaries, improved healthcare, working conditions and nutrition and banning the movement…Details
In January-March silver output in Russia decrease by 10.9% YoY, to 223.28 tons. The drop is due to the decrease of secondary silver deliveries to refining works – by 34%, to 47.93 tons. At the same time silver extraction remained almost on the previous level – 99.2 tons. Output of accompanying silver did not change…Details
In January-March, Russia produced 58.12 tons of gold, up by 12.6% YoY.
Gold extracting grew by 15.5%, to 45.95 tons.
Manufacture of accompanying gold totaled 4.32 tons, up by 21%, and of secondary gold – 7.85 tons, down by 4.9%.
The main suppliers of gold were Magadan region and the Chukotka Autonomous District. (Ukrainian metal)
According to the Federal Service of State Statistics, in January-April, Russia produced 1.5 million tons of metal structures, up by 18.1% YoY.
In April, metal structures output grew by 6.5% YoY and by 0.5% MoM. (Ukrainian metal)