In December 2018 Russia produced 4.175 million tons of pig iron, down by 9.3% YoY (4.04 million tons in November 2018). In the whole 2018 year pig iron output dropped by 1.6% YoY, to 51.2 million tons. Ukraine, no longer a part of CIS, decreased pig iron output in December 2018 by 3%, to 1.832…Details
Ferrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018.
The group plans to announce its 2018 financial results on March 20.
In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million.
EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)
Izhorsky Pipe Works has concluded an agreement with Gazprom Komplektatsia to supply 107.218 thousand tons of large diameter pipes valued at 8.186 billion rubles ($125 million).
The pipes have to be delivered in October.
The auction was held in late December 2018. ITZ had no competitors. (Ukrainian metal)
The prices of precious metals varied in Azerbaijan on February 4. The price of gold decreased by 9.8685 manats, to 2,231.437 manats per ounce on February 4 compared to the price on February 1. The price of silver dropped by 0.2431 manats, to 26.8905 manats per ounce. At the same time the price of platinum…Details
The price of one ounce of gold increased by 26.0015 manats or by 1.16% last week in Azerbaijan, to 2,230.1841 manats. The price of one ounce of silver grew by 0.2812 manats or by 1.04%, to 27.029 manats. The price of one ounce of platinum went up by 0.7395 manats or by 0.05%, to 1,390.226…Details
In 2018 Ukraine decreased the output of semi-wrought gold by 61.5% YoY, to 5 kg.
Unwrought silver (or powder) output also decreased – by 32.4%, to 1527 kg.
Semi-wrought silver manufacture fell by 50.2%, to 495 kg. (Ukrainian metal)
Evraz is carrying out an investment project to develop the 29a coal bed at the Yesaulskaya mine with the reserves of over 10 million tons of coking coal. The mining is expected to start in Q1 2020. Investments total over 1.5 billion rubles. At present miners of the Yesaulskaya are developing the 26 coal bed.…Details
In 2018 Amur Zoloto mined 1515 kg of gold in Khabarovsk region, up by 2% YoY. In particular, Yubileyniy GOK processed 105 thousand tons of ore and 11 tons of concentrate, producing 1120.4 tons of gold and 685.2 kg of silver. Brekchievaya quarry zone at the Perevalnoye deposit mined 245.4 thousand tons of ore, yielding…Details
In December 2018 Russia produced 5.87 million tons of steel, down by 5.9% YoY (5.68 million tons in November 2018). In the whole year steel manufacture increased by 0.3% YoY, to 71.68 million tons. Ukraine, though no longer a part of CIS, decreased steel output in December 2018 by 0.6%, to 1.885 million tons (1.659…Details
Evraz Kachkanarsky GOK has pit into operation a new electric locomotive NP-1 with two diesel dump cars.
The locomotive has been specifically designed for KGOK and has the higher speed of up to 65 km per hour.
The length of the locomotive is 65 meters and the weight is 360 tons. (Ukrainian metal)
In 2018 TMK Chermet sold over 2 million tons of scrap, flat YoY.
The company share on the local market was 9.28%.
At the same time the share of the regional enterprises in the total procurement grew from 40% to 45%. (Ukrainian metal)
Gold, silver and palladium prices decreased in Azerbaijan. The price of gold dropped by 2.057 manats, to 2,241.3055 manats per ounce on February 1 compared to the price on January 31. The price of silver fell by 0.1234 manats, to 27.1336 manats per ounce. The price of platinum increased by 4.352 manats to 1,393.5920 manats.…Details
In 2018 Metinvest produced 27.353 million tons of iron ore concentrate, almost flat YoY. Pellets output grew by 30%, to 7.484 million tons. In Q4 2018 concentrate manufacture increased by 4% QoQ, to 6.813 million tons mostly because of the output growth at SevGOK by 258 thousand tons. At the same time pellets manufacture dropped…Details
In 2018 Metinvest decreased steel output by 1% YoY, to 7.32 million tons. In particular, Azovstal output dropped by 4%, to 4.08 million tons, while Mariupol Ilyich Iron and Steel Works manufacture grew by 5%, to 3.24 million tons. Pig iron production went up by 3%, to 8.21 million tons. In particular, the increase of…Details
Kandalaksha Aluminum Works, owned by Rusal, resumes exports to the European market.
Russian aluminum will be coming to Europe through the border with Finland.
According to the customs statistics, for the past 1.5 years the company has not been exporting aluminum to Europe. (Ukrainian metal)
In 2018 Kazchrome mined 480 thousand tons of manganese ore, up from 400 thousand tons in 2017.
Last year the company produced around 150 thousand tons of manganese concentrate, up 1.5-fold YoY.
Another company asset – Aktyubinsk Ferroalloy Works – increased output by 16.7%, to 630 thousand tons. (Ukrainian metal)
The Orenburg region organization of the Mining and Metallurgical Union of Russia received an order of the Svetly Ferronickel Plant CEO on the firing of all its employees (192) from April 30 because of the difficult financial situation. The plant is the main employer of the farthest regional center – the Svetly settlement. By the…Details
Mechel-Service has supplied over 2 thousand tons of rolled metal for the construction of a road junction on the M-5 Ural road. Most of the metal used in construction is rebars of 35GS and 25G2S steel grade produced by Chelyabinsk Iron and Steel Works. The plant will soon produce and ship a batch of welded…Details
In late 2018 a delegation of Yekaterinburg Non-Ferrous Metals Processing Works visited Uzbekistan. The members of the company met with the representatives of two mining and processing works, cement manufacturer and continuous basalt fiber enterprise. The latter is already a customer of EZOTsM. The company intends to increase exports to Uzbekistan at least 2-2.5-fold. The…Details
Cherepovets Iron and Steel Works has finished a series of capital repairs in its steel manufacture. In particular, the company has repaired continuous casting machines Nos. 1, 3 and 5, rotary kiln No. 5 and the ladle furnace No. 1. Moreover, while repairing the converter No. 2, an investment project has been carried out thanks…Details
Magnitogorsk Iron and Steel Works turns 87. The birthday of the Russian metal giant is February 1, 1932, when the first pig iron was produced at the first blast furnace. In a year MMK added open-hearth manufacture and started producing steel. In August 1934 the mill-500 was commissioned. In 2018 MMK produced 12.7 million tons…Details
Specialists have started assembling and welding the first belt of the blast furnace No. 3 jacket at Cherepovets Iron and Steel Works. Metal structures for the jacket have been produced by Vitkovice, the Czech Republic. Rolled metal for the jacket was produced at the mill-5000 in Kolpino. With the new jacket the blast furnace will…Details
Donetsk Iron and Steel Works could again suspend operation. According to a well-known blogger, ex-terrorist Yevgeniy Tinyansky, who is now in the opposition to the current authorities of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, he has information that because of the lack of raw materials the blast furnace…Details
The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…Details