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In January-September Nordgold yielded 716.8 thousand ounces (22.3 tons) of gold, up by 13% YoY. The prime cost in H1 increased by 7%, to $689 per ounce. Sales grew by 13%, to 716.3 thousand ounces, with the average price down by $6 YoY, to $1257 per ounce. The company revenue increased by 13%, to $900.5…
DetailsIn October StalTrans sold 3.6 thousand tons of metal wares, up by 2.75% MoM, including 2.7 thousand tons of wire, up by 1.28%, and 0.7 thousand tons of nails, up by 1.26%. In January-October sales increased by 12.9% YoY, to 37.9 thousand tons. Wire sales grew by 14.7%, to 28.1 thousand tons, while nails by…
DetailsIn January-September Severstal supplied some 414 thousand tons of rolled metal to Russian machine-builders, up by 15% YoY. The increase was the result of the growth of metal consumption in some industries, in particular in railroad, lifting and transport and agriculture machine-building. In 2017 Severstal expects steel demand in machine-building to grow by 12.5% YoY.…
DetailsIn January-October Dneprospetsstal produced 140 thousand tons of rolled metal and 215.2 thousand tons of steel, up by 12% and by 9.5% YoY respectively. In October the output totaled 23 thousand tons of steel and 14 thousand tons of rolled metal. In 2016 Dneprospetsstal decreased output by 8.3% YoY, to 6.295 billion UAH. (Ukrainian metal)
DetailsThe Federal Antimonopoly Service has opened a case against Kovdor Mining and Processing Works after Severstal’s report on the enterprise iron ore price increase in early 2017. The FAS has found out that Kovdor GOK is the only manufacturer in Russia of concentrate with 6% magnesium content. Its cost in January increased by 48% MoM…
DetailsThe State Service of Geology and Subsoil has prolonged the special license to mine iron ore to Evraz Sukhaya Balka for 20 years, till November 7, 2037. The decision was taken on November 7. The granting of the license was the result of the Dniepropetrovsk district administrative court ruling, as well as the Supreme Administrative…
DetailsSeverniy Mining and Processing Works has started the repairs of its Lurgi 552A pelletization machine in the pellets shop No. 2. According to the company statement, investments in the project total 95 million UAH. The repair work is expected to last for 45 days. The reconstruction will increase the machine lifecycle and allow it to…
DetailsIn January-October Ukraine exported 385.76 thousand tons of scrap, up by 60.6% YoY, valued at $92.08 million, up 2.2-fold. According to the State Fiscal Service, in October scrap exports totaled 64.656 thousand tons, in September – 64.336 thousand tons, in August – 68.729 thousand tons, in July – 57.073 thousand tons, in June – 29.106…
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