The state enterprise Ukrpromvneshexpertisa forecasts that pig iron prices will continue growing influenced by the expected growth of scrap price. By the end of November the rolled metal trade will have revived, which will allow exporters to increase prices. The forecast range of prices for November is $320-370 per ton FOB. In October negative trends…
DetailsYuzhniy Mining and Processing Works has finished capital repairs of two sections of its ore-processing factory No. 1. According to the company statement, in September the seventh, and in late October the eighth sections of the factory were commissioned. Investments in modernization totaled 400 million UAH. During the repair equipment at all the technological sites…
DetailsEnergy and Coal Industry Minister Ihor Nasalyk has said that coalmining companies will get UAH 1 billion in November-December for the purchase of new mining equipment. “For the first time in four years, the government of Vladimir Groysman has allocated UAH 1 billion for technical re-equipment. I think that in November-December, these funds will be…
DetailsIngulets Mining and Processing Works is suffering from the shortage of open cars. “In 9 days of November we received only 578 open cars out of 1464 we ordered from Ukzaliznytsia. Thus, the fulfillment of the orders is 39%. What a service!” the company CEO Alexander Gerasimchuk wrote on his Facebook page. Because of this…
DetailsEnergomashspetsstal has signed a contract to produce and deliver a large roll to Mariupol Ilyich Iron and Steel Works. The supporting roll will be used in the 3600 plate hot-rolling mill. The weight of the roll will be 120 tons. This is the first time that Mariupol Ilyich orders such a large roll from EMSS.…
DetailsGold production in Russia’s northern Chukotka Autonomous District decreased by 12% YoY, to almost 22 tons and silver output fell by 20%, to 110.3 tons in January-October because of contraction of gold production at the Kupol, Dvoinoye, and Valunistoye fields, the regional government said in a statement on November 10. Placer gold output grew by…
DetailsA gold-bearing deposit with the reserves of some 100 tons has been found on the territory of Dagestan. The auction for the deposit will be held in 2018. The prospects of the Kurush ore node were confirmed in 2007-2010. In 2014 the Federal budget gave 150 million rubles for prospecting work in the Dagestani Mountains.…
DetailsThe rolling shop No. 1 of Zlatoustovsky Electrometallurgical Works has started producing 150×680 mm and 150×700 mm slabs of 12X18H10T steel.
The metal will be supplied to the Volgograd Iron and Steel Works “Krasniy Oktyabr”.
“Such wide slabs have been produced at the ZEMZ 1150-mill for the first time”, the company noted. (Ukrainian metal)
Since its commissioning in 2010 Severstal-Gonvarri-Kaluga, the Severstal JV with Gonvarri Steel Services (Italy), processed 500 thousand tons of metal. Cherepovets Iron and Steel Works metal accounted for 50% of the total volume. The company warehousing capacity is 30 thousand tons. This year the company has successfully passed the ISO 14001-2005, OHSAS 18001-2007 and ISO…
DetailsIn July-September Polyus gold output increased by 16% YoY, to 642 thousand ounces. Ore output went up by 45%, to 10 million tons. Ore processing grew by 12%, to 7.3 million tons. Sales increased by 10% YoY, to 578 thousand ounces. EBITDA went up by 7%, to $475 million (28.16 billion rubles). Profits decreased to…
DetailsRussian Copper Company and the authorities of Aktyubinsk region have signed a memorandum of investment cooperation development, in particular copper-zinc ores prospecting and RMK enterprises capacity increasing. RMK has been present in Kazakhstan since 2004 and has already invested $868 million in the republic, At present the local division of RMK employs some 1.7 thousand…
DetailsThe Beloretsk Iron and Steel Works aviation galvanized ropes have received a diploma of the 100 best products of Russia competition. BMK started producing steel galvanized ropes with the diameter of 4 mm last year at the order of the Russian Helicopters Holding. In 2016 this new product received the golden medal of the MetalExpo.…
DetailsSeverstal has expanded the possibilities of its Internet store – now customers can participate in auctions to buy metal. Auctions are held some 3-4 times a week, according to schedule. On average around 10 thousand tons of metal is sold through such auctions. Deliveries are performed from Severstal Distribution warehouses and from Cherepovets Iron and…
DetailsOn November 8 Magnitogorsk Iron and Steel Works Board of Directors recommended that the Extraordinary General Meeting of shareholders scheduled for December 8 approve a dividend of RUB 1.111 (before taxes) per share, representing a total of approximately $214 million at the current exchange rate, for the first nine months of 2017 on MMK’s issued…
DetailsArcelorMittal Temirtau is finishing the first stage of MES (Manufacturing Execution System) project implementation valued at over $6 million. The project is being implemented in the continuous-cast department, bars shop and sheet-rolling shop No. 1. The second stage is planned for 2018-2019. The system will be implemented in sheet-rolling shops Nos. 2 and 3, hot-galvanizing,…
DetailsRevda Non-Ferrous Metals Processing Works has supplied 25 tons of LAMsh77-2-0.05 pipe for an oil-processing plant. Soon another two batches of pipes will be supplied. In January-September Revda Works produced 451 tons of LAMsh77-2-0.05 pipe, up 7.5-fold YoY. According to the company, the growth has to do with the favorable market situation and marketing strategy.…
DetailsThe pipe-rolling shop of Taganrog Iron and Steel Works has completed the scheduled modernization and repair of the PQF mill, which produces seamless hot-deformed pipes. The repair will result in the decrease of maintenance time and quality improvement. For the first time since the mill has been put in operation the company has replaced beams…
DetailsIn January-September Ferrexpo exported 7.525 million tons of iron ore pellets. In particular, its Poltava GOK exported 5.739 million tons and Yeristovo GOK – 1.786 million tons. At the same time Metalloinvest exported 4.268 million tons of pellets, including 2.568 million tons from Mikhailovsky GOK and 1.7 million tons from Lebedinsky GOK. Karelsky Okatysh exported…
DetailsIn October Ukrainian iron and steel works received 270 thousand tons of scrap, down by 7% MoM. According to Ukrmetallurgprom, in October scrap-procuring companies prepared 310 thousand tons of scrap. Thus, 40 thousand tons were exported, down by 20% MoM. The metal industry in October was provided with scrap on the level of 89%. In…
DetailsThe deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament. It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at…
DetailsThe department of education and youth policy of the Kiliya District State Administration (Odessa region) ordered Oblpalyvo Manufacturing Enterprise the delivery of 2.83 million UAH worth of coal. In particular this year the educational establishments of the district will receive 687 tons of coal: 485 tons of DG grade (13-50) at 3910 UAH per ton,…
DetailsVictor Pinchuk has received elite real estate in London from Igor Kolomoyskiy and Gennady Bogolyubov within an amicable settlement of the court process on Krivoy Rog Iron Ore Industrial Combine. Pinchuk accused Kolomoyskiy and Bogolyubov of the breach of agreements while privatizing the plant and demanded $2 billion. He claimed that in mid-2000s gave the…
DetailsIn October Uralskaya Kuznitsa produced 9.5 thousand tons of metal, this is the record output for the past 5 years. The main products are railroad car and locomotive axles, which have been manufactured both for Russian and foreign wagon building works. “The growth has to do with the revival of the machine-building market. In 10…
DetailsChelyabinsk Iron and Steel Works has started supplying rails for the major operator of Kazakh railroad. According to the contract R65 and R50 rails will be delivered in stages. The first batch of 2 thousand tons has already been delivered to the customer, and 2 thousand tons more will be delivered this year. “Except for…
DetailsPJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant). Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky gold-iron-copper deposit containing total ore reserves of some 343 million tons that will ensure the…
DetailsThe VTB bank has signed an agreement with Susumanzoloto for the purchase of 2.6 tons of gold in 2018. This year the bank buys some 1.8 tons of the precious metal from the company. In 2 years VTB has provided Susumanzoloto with 2.3 billion rubles of loans for the construction of a mining and processing…
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