ArcelorMittal Kriviy Rih has started conducting hot tests of its new twin ladle furnace and continuous casting machine No. 2 At the same time the company is brining its CCM No. 3 to design capacity. The construction of two new twin ladle furnaces and CCMs Nos. 2 and 3 with the combined design capacity of…Details
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Ukrainian companies have almost exhausted their individual quota to supply rebars to the European Union till July 30. So far 154.87 thousand tons have been exported of the allowed amount of 157.78 thousand tons. Thus, the quota has been 98.15% fulfilled. Having exhausted their individual quota, Ukrainian companies could export rebars to EU via global…Details
In January Interpipe Steel decreased steel output by 8% YoY, to 65.2 thousand tons. At the same time compared with December 2019 manufacture grew by 14%. In 2019 Interpipe steel produced 854.5 thousand tons of steel, down by 4.2% YoY. (Ukrainian metal)Details
In January Kazakhstan produced 343,322 tons of steel, up by 54.5% YoY. According to the statistics committee of the Ministry of National Economy, flat rolled metal output grew by 147.6%, to 173,117 tons. Kazakhstan also produced 189,621 tons of ferroalloys, up by 5%. (Ukrainian metal)Details
Employees of two shops have started a strike at the Alchevsk Iron and Steel Works, situated in Lugansk region, a part of which is occupied by Russia-backed separatists. The strike began due to wage arrears. In particular, the blast furnace and the railroad shops went on a strike. Wives of the employees intend to strike…Details
Chelyabinsk Iron and Steel Works has produced almost 500 tons of rebars for the construction of a Leroy Merlin mall in Novosibirsk. The size of the mall will be 10-15 thousand square meters. This will be the fourth site of the company in Novosibirsk. (Ukrainian metal)Details
In 2019 Izhstal increased exports to CIS by 8% YoY, to 31 thousand tons. The company exports rolled metal to Kazakhstan, Belarus, Azerbaijan, Armenia, Moldova and Uzbekistan. Metal is shipped via various Mechel subsidiaries. Belarus accounts for 45% of exports. (Ukrainian metal)Details
In January Chukotka extracted 1763 kg of gold, up by 6% YoY. Silver output dropped by 12%, to 7.6 tons. Kinross Gold accounted for almost all the output – 1169 kg of gold and 7.4 tons of silver. Mayskoye produced 369 kg of gold, Rudnik Valunistiy – 33.2 kg of gold and 237 kg of…Details
In H2 Polymetal Int plans to start developing the Primorskoye gold ore deposit in Magadan region. Excavation will start in Q4. The ore mined will be transported to be processed at the Lunnoye deposit factory, and a part will be exported. Primorskoye deposits amount to 3 tons of gold and 700 tons of silver. Annual…Details
Last week, the price of one ounce of gold increased by 8.4 manats ($4.9) or by 0.3%. Accordingly, the average price of one ounce of gold stood at 2,671 manats ($1,571). The price of one ounce of silver decreased by 0.1 manats ($0.05 cents) or by 0.3%, to 30 manats ($17.6). The price of one…Details
In January Druza LLC produced 80 kg of gold, up by 17% YoY. At present the company is working at the Nevskoye deposit in Irkutsk region only. Alluvial gold season will start in May. This year Druza intends to extract at least 1100 kg of ore gold. Alluvial gold output plans are not revealed. Last…Details
Last year Evraz Metal Inprom increased services revenue by 10%. Being the main supplier of structural steel, the company is focusing on increasing processing services. In spring the company will launch a servicing center in Noginsk as well as start designing a center in Nizhniy Tagil. (Ukrainian metal)Details
The Arbitrary court of Tambov region has prolonged the bankruptcy procedure at the Stroystal – Tambov Metal Structures Works. The bankruptcy procedure has been lasting for some 5 years. The main creditor is Sberbank. The TZMK owners refute criminal aspect of the bankruptcy and name Sberbank’s double increase of loan rates in 2014 as the…Details