Metinvest has shut down the blast furnace No. 4 of the Azovstal Iron and Steel Works to carry out an ecological modernization. After the modernization the company will completely stop using seawater to cool the blast furnace. Moreover, in 2014-2016 the blast furnace underwent a reconstruction valued at 2 billion UAH. “Now we will replace…Details
Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…Details
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…Details
NLMK Group, an international steel company, has signed long-term strategic partnership agreements with the leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The…Details
Prices of precious metals decreased in Azerbaijan on September 24, according to the data published by the Central Bank. The price of gold dropped by 20.91 manats, to 2,035.104 manats per ounce on September 24 compared to the price on September 21. The price of silver fell by 0.2624 manats, to 24.1916 manats per ounce.…Details
Zoloto Delmachika LLC has decided to prolong the test production at the site till spring 2019. This year a large sample of ore has been obtained from the Severo-Vostochniy site and the Antimonitovaya mine. The first kilograms of gold have already been extracted. In October within the second stage of the test production the company…Details
In January-June Daltransugol, a part of SUEK, shipped 10.4 million tons of coal from the Vanino terminal, up by 3.6% YoY. All the coal was shipped to the Asian-Pacific region countries. The capacity of the terminal is 30 million tons of coal per year, or 1400 wagons per day. The company is working on increasing…Details
China National Gold and SUN Gold (India) intend to invest $485 million into development of a пold deposit in Zabaikalye region. Annual output at the Kluchevskoye gold ore deposits is estimated at 6.5 tons. According to the minister of industry and trade Denis Manturov, the development of this deposit will have increased gold output in…Details
In January-August Magadan region extracted 24529 kg of gold, up by 13% YoY. 12339 kg accounted for ore fold, up by 30%. Alluvial gold output totaled 12190 kg, on par with the previous year period. Silver extraction grew by 1%, to 478.6 tons. This year it is planned to obtain 37 tons of gold and…Details
The price of one ounce of gold increased by 18.887 manats or by 0.9271% last week. Thus, the average price of one ounce of gold stood at 2046.555625 manats. The price of one ounce of silver grew by 0.4196 manats or by 1.7458%, to 24.2478 manats. The price of one ounce of platinum went up…Details
The Russian Railroads sales center in the city of Chita in August shipped over 13 thousand tons of coal to China.
It took the center some 200 wagons to ship the lot.
This was also the largest shipping to China last month. (Ukrainian metal)
In August Ukraine exported $59.1 million worth of pipes, up by 27.1% YoY. Imports grew 2-fold, to $21.801 million. According to the State Fiscal Service, steel pipes deliveries to US were the largest ($10.193 million). In January-August Ukraine exported $484.621 million worth of pipes, up by 39.5%, while imports grew by 55.4%, to $111.14 million.…Details
As a result of a sudden fall of the rock an employee was hit at the Ekspluatatsionnaya mine of the Zaporozhye Iron Ore Complex. Despite medical aid, the miner died of the injuries. A special commission has been created at the enterprise to investigate the accident. Minerfin (Slovakia) owns 51.17% of ZZhRK, Zaporizhstal – 29.5%…Details
Uchaly Mining and Processing Works power shop has finished the construction of a switching substation 6 kW with 19 units at the electric substation No. 63 “Shakhty”. The commissioning of the switching substation will be the first stage to expand the “Shakhty” to provide a new mine and the second stage of the waste treatment…Details
Rostov region police have found a large-scale fraud connected with metal market. An ex-director of a closed company dealing in metal and metal ore wholesale has concluded a fictitious contract with a foreign company to supply ferroalloys raw materials. But instead of the expensive raw materials metal waste was shipped. After that the ex-director filed…Details
An extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018.
The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)
The Eurasian Economic Committee suggests prolonging the current antidumping duties against Chinese seamless pipes of stainless steel for 5 more years. The duties target seamless, cold-drawn or cold-rolled ferrous pipes, tubes and hollow sections of corrosion-resistant steel manufactured by Chinese companies and imported to the territory of the EEU from China and Malaysia. The current…Details
Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih and member of the Board of European Business Association (EBA) Paramjit Kahlon mentioned five main challenges foreign investors faced with in Ukraine in his opinion. “First thing required for stable performance of big international companies is investor-friendly attitude within the whole period of their activity. They should…Details
Prices of precious metals increased in Azerbaijan on September 21, according to the data published by the Central Bank. The price of gold grew by 6.4515 manats, to 2,056.014 manats per ounce on September 21 compared to the price on September 20. The price of silver went up by 0.0974 manats, to 24.454 manats per…Details
The U.S. Treasury’s decision that Russian aluminum giant UC RUSAL can enter new transactions with existing customers in 2019 is likely to stabilize aluminum prices as it removes some uncertainty over the company’s metal deliveries, international rating agency Fitch said in a statement. “The sanctions against RUSAL are among the main short-term drivers for global…Details
The foil-rolling plant Rusal Armenal has started decreasing output capacities and transferring employees to part-time work. The reason is the drop of demand for Armenal products because of the US sanctions against Rusal. Armenal has 670 employees, by the end of September 184 of them will have been receiving only two third of salary due…Details
Miners plan to hold a strike demanding from the authorities, among other things, the dismissal and criminal prosecution of the minister of energy and coal industry Igor Nasalik. “The miners are prepared to march to Kiev in a week. They are making addresses to members of the parliament and the prime minister”, a parliament member…Details
This year Khabarovsk region intends to set a new historical record on gold extraction – 23950 kg. The initial annual plan was 23450 kg. But now the Ministry of the natural resources believes that actually 500 kg more will be extracted. In particular, gold ore mining companies are expected to increase output by 400 kg.…Details
Severstal – Bar Works Balakovo has mastered a new product – steel of the grade 20 to produce wire rod with the diameter of 6.5 mm. The produced rolled metal fully corresponds to the requirements of GOST 10702. This rolled metal is used by Severstal-Metiz to produce wire according to STO 71915939-TS151. “The manufacture of…Details
Karelsky Okatysh has finished modernization of the preparation and pelletizing of concentrate site – all the 18 screening machines have been replaced. The roll screens classify concentrate by three sizes: tiny pellets at the initial stage are returned to the pelletizers, large pieces go back via conveyers, while normal-sized pellets are transported to the roasting…Details
In August Ukraine imported $2.849 million worth of ferrous scrap, up by 53.2% YoY.
According to the State Fiscal Service, exports dropped by 66.1%, to $5.826 million.
Ukraine mostly exported scrap to Turkey ($5.504 million).
In January-August scrap exports grew by 69.9%, to $98.244 million, while imports by 57.1%, to $24.858 million. (Ukrainian metal)