Nordgold has increased its initial gold output forecast for 2018 from 0.95-1 million ounces to 1-1.5 million ounces. The improvement of the forecast is due to the project to construct an underground mining site at the Berezitovoye deposits as well as the commissioning of the Gross mine in Yakutia. The operation at the Berezitovoye will…Details
In January-July Polyus Magadan produced 2.6 tons of gold and 0.7 tons of silver. The company is developing the reserves of the Natalka gold-ore deposits in Magadan region. The first ton of gold was produced in April. This year the company is expected to obtain at least 5.4 tons of gold. At present the capacity…Details
Krasniy Octyabr is finishing its project to assemble a Danieli PL-370 centerless turning machine. The commissioning is scheduled for the nearest future. The world market requirements to rolled metal are getting more and more tough. Only modern machinery from the leading manufacturers can cope with them. The commissioning of the PL-370 mill, which could peel…Details
The Volgograd subsidiary of Severstal Steel Ropes has started assembling three rope machines and four winding machines. The cost of the Italian machinery is some 2.5 million euros. The commissioning is scheduled for autumn. This is the beginning of the second stage of the project to develop special steel ropes manufacture. “A month ago we…Details
NLMK-Kaluga has produced the 6-millionth ton of steel. “In just 2 years of operation the works has reached the levels of the best world practices on refractory, scrap, electricity, and electrodes usage. Now we must not stop on what we have reached, but move forward developing techniques, ourselves and our colleagues and forming a new…Details
In June Russia imported 71.3 thousand tons of flat galvanized metal, down by 2% YoY. In 6 months imports dropped by 10.2%, to 340.4 thousand tons. Deliveries from Kazakhstan decreased by 6%, to 173.6 thousand tons, at an average price on the Russian border of $767.5 per ton without VAT. Galvanized imports from China dropped…Details
In June Russia imported 48.3 thousand tons of flat polymer-coated rolled metal, down by 21.2% YoY. In January-June imports fell by 33.7% YoY, to 180 thousand tons, of which 71.6 thousand tons accounted for China, down by 55%. The average price on the Russian border was $893.7 per ton without VAT. Deliveries from Kazakhstan grew…Details
In January-June the mines of Donetsk region increased coal output by 5.3% YoY, to 5.9 million tons. At the same time this is 17.3% less than in January-June 2016. Last year the region yielded 10.2 million tons of coal, down from 14.5 million tons in 2016 and 38.1 million tons in 2013. In Q1 1144.3…Details
In July Ukrainian metal companies consumed 145 million cubic meters of natural gas, on the level of the previous month.
In 7 months gas consumption grew by 11%, to 1.08 billion cubic meters.
Electricity consumption in July totaled 6.9 billion kW-h, up by 11% YoY. (Ukrainian metal)
On August 20 the Ministry of Ecology of Chelyabinsk region received letters from the citizens about a bad smell in the air. As the result of the inspection, the source of heavy smoke was found on the territory of Chelyabvtormet. The mobile laboratories checked the quality of the air on the enterprise territory. Following the…Details
In June Russia exported 14.5 thousand tons of corrosion-resistant steel scrap and wastes valued at $18 million, up 4-fold and 5.6-fold YoY respectively. According to the customs statistics, in 7 months exports increased by 46.8%, to 54.4 thousand tons valued at $59.4 million, up by 61.4%. Scrap containing 8% of nickel accounted for 75% of…Details
In April-June MMK-Metiz received 260.7 million rubles of net profit, up 1.7-fold QoQ. In January-June net profit dropped by 40% YoY, to 413.42 million rubles. In 6 months the company received 11.513 billion rubles of revenue, up by 20% YoY. In Q2 the works sold 6.13 billion rubles worth of products, up by 14% QoQ.…Details
In January-June Russia imported 134.8 thousand tons of corrosion-resistant steel valued at $310 million, down by 0.5%, but up by 6.6% YoY respectively. According to the customs statistics, the sheet with the width of 600 mm and more accounts for 90% of the imports. The main supplier is China (46%, up by 54.1% YoY), followed…Details
In July metal companies received 808 thousand tons of coke, up by 9% MoM. All the coke was of domestic origin. As in two previous months, no coke was imported in July. In January-July Ukrainian metal companies received 5.63 million tons of coke, up by 9% YoY, including 5.37 million tons of Ukrainian coke, up…Details
The prices of precious metals increased in Azerbaijan on August 21, according to the data published by the Central Bank. The price of gold grew by 15.2915 manats, to 2031.3725 manats per ounce on August 21 compared to the price on August 20. The price of silver went up by 0.0582 manats, to 25.1762 manats…Details
The net profit of the Russian gold producer Polymetal International jumped by 46% YoY, to $175 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 21. The adjusted net profit rose by 32%, to $155 million. Revenue grew by 16%, to $789 million in the…Details
Energomashspetsstal is manufacturing and shipping billets of the body machinery for the Ruppur Nuclear Power Plant being constructed in Bangladesh. On August 16 another batch of billets to produce steam generator was shipped. The batch included a shell weighing 43.5 tons and a bilge (23.6 tons). Since the signing of the contract EMSS has produced…Details
ChTPZ has delivered the first 130 tons of seamless pipes to Tyazhmash.
The pipes with the diameter of 426 mm and the wall thickness of 25 mm will be used to construct a tower and a set of cargo-lifting machinery of the Vostochniy launch site.
ChTPZ has been cooperating with Tyazhmash since 2010. (Ukrainian metal)
The government of Uzbekistan has allowed SFi Management Group to manage two largest metal works – Uzmetkombinat and Almalyk Mining and Processing Works. The task of the company is to effectively carry out investment projects, increase the share of high added value products, optimize import expenses and decrease prime cost. The agreement between Almalyk and…Details
In January-June Russia exported 1.45 million tons of pipes valued at $1651 million, up by 53.3% and by 103.4% YoY respectively. Finland imported 27% of pipes, up by 5% YoY. Turkey increased imports 12-fold, to 19.7%. Kazakhstan decreased imports by 4.8% YoY, to 12%. 97% of pipes imported by Turkey and Finland are large diameter…Details
In June, according to the customs statistics, Russia imported 66 thousand tons of ferrous scrap from Kazakhstan, down by 12.4% YoY.
The average price ons the Russian border was $259.4 per ton.
In January-June deliveries totaled 221.6 thousand tons, down by 22% YoY. (Ukrainian metal)
In June Russia imported 155 tons of plates from Austria, down almost 85-fold YoY. According to the customs statistics, this is the lowest average monthly import this year. Since February (30.7 thousand tons) deliveries have been decreasing. In January-June Russia imported 109.7 thousand tons of plates, down by 15.9% YoY. The main customer is Vyksa…Details
Koks, a part of PMH, has set the final rate of the first coupon of the BO-05 5-year bonds with the volume of 5 billion rubles on the level of 9.2%.
The sale was organized by Alfa-bank and Sberbank CIB.
At present Koks has no ruble bonds in circulation. (Ukrainian metal)
Acting governor of Magadan region Sergey Nosov has discussed the construction of a metal works with the specialists of the major design institutes. He believes the non-ferrous metals are a colossal resource that can spur the development of the region, Despite the absence of gas, the region has good prospects, as there are plans to…Details