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Interpipe notes the minimal shortage of scrap in winter on the local market, but forecasts the worsening of the situation in spring. “The market will still feel shortage. The seasonal growth of steel manufacture will start in April, winter stocks of scrap will run low, and the shortage of the raw material will be felt”,…
DetailsThe collapse of the roof in the converter shop No. 1 could lead to major disassembly and construction works and reconstruction of the first block of converters 1-3 at ArcelorMittal Kriviy Rih. This will result in the decrease of the metal manufactured. The special commission will soon start investigating the accident. Last week featured heavy…
DetailsIn January world pig iron output increased by 3.1% YoY, to 94.546 million tons. According to World Steel Association, manufacture in CIS dropped by 6.3%, to 6.425 million tons. In particular, Ukraine produced 1.8 million tons. (Ukrainian metal)
DetailsIndustrial group Energoprom has signed a contract with oil and gas pipe producer TMK to sell graphitized electrodes in 2018-2022, Energoprom said in a statement on March 7 without disclosing other details of the contract. Sales of Energoprom will cover up to 40% of TMK’s demand in graphitized electrodes, the company said. (Prime/Ukrainian metal)
DetailsUkrainian heat generation industry will in 2018 decrease consumption of deficient anthracite coal to 4.8-4.9 million tons, which is 20% lower than in 2017. “We are seeing a dynamic reduction of anthracite consumption. In 2016 all thermal generation (TPPs and CHPPs) consumed 10.5 million tons, in 2017 it was 6 million tons, and in 2018…
DetailsThe cost of gold increased by almost 15.74 manats (0.7%), to 2265.7005 manats per troy ounce in Azerbaijan on March 7, according to the data published by the country’s Central Bank. The cost of silver increased by 1.3%, to 28.3712 manats per ounce, the cost of platinum by 0.22%, to 1640.925 manats, while the cost…
DetailsBy the end of the year Chinese investors will have carried out two projects. The first is the construction of the metal works by Forever Fourshing Co. Ltd. Investments will total 7.4 billion tenge. The plant will produce 300 thousand tons of metal per year, with 80% to be exported. The company intends to export…
DetailsThe underground mine of Gaysky GOK is prepared to commission a new ore chute complex for loose materials needed to produce concrete. “Previously sand and crushed stone, needed to make the mixture, were delivered to the 910-meters horizon. It took 3 hours to load one machine, get down there, unload and get back to the…
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