Precious metal prices varied in Azerbaijan on December 5, according to the data published by the Central Bank. The price of gold decreased by 3.349 manats, to 2,099.364 manats per ounce on December 5 compared to the price on December 4. The price of silver dropped by 0.0498 manats, to 24.5743 manats per ounce. The…
DetailsThis summer the State Property Fund announced the privatization of the Zaporozhye Aluminum Works state share. It was supposed to sell 68% in H2, but the privatization procedure is not going very fast. The state owns 68.0095% of ZALK shares, or 423,514,923 shares. A special auction commission has been created to sell the shares. It…
DetailsIn January-November Russian Railroads transported 1.18 billion tons of cargo, up by 2.6% YoY. In particular, 342,8 million tons of coal, up by 5.2% YoY, 10.2 million tons of coke, up by 0.1%, and 106.4 million tons of iron and manganese ore, up by 5.7%, were transported. The railroad also transported 71.2 million tons of…
DetailsThe rail-beam shop of Evraz ZSMK has commissioned the second line of rail processing. The project allows increasing 100-meter R65 rails output 2-fold as well as producing European 60E1 and 54E1 rails with the length of 30, 36, 60, 72 and 90 meters. Investments in the project totaled 168 million rubles. In particular, the manufacture…
DetailsBeloretsk Iron and Steel Works has put into operation new machinery to produce multistrand steel ropes to replace imported ones. The Sket Verseilmaschinenbau GmbH (Germany) machinery allows producing 6-12-strand ropes with the diameter of up to 90 mm, while the Rosendahl extruder covers both separate parts and the whole rope with polymer. BMK started the…
DetailsIn 2019 Severstal will buy some 50 units of railroad and automobile special machines with the total cost of 0.8 billion rubles. The replacement is scheduled and is necessitated by the decommission of outdated machines. In particular, in 2019 CherMK will receive 4 TEM-9 locomotives produced by Sinara Transport machines. 3 more locomotives will be…
DetailsIn January-October the group of plants – Noginsk Pipe-Section Works and Togliatti Pipe Works – increased the combined output 2-fold. Since Noginsk Works commissions new machinery, the company will retain the dynamics of sales growth, the company sales director Nikita Bakhcheyev said. The new mill will produce welded pipes with the diameter of up to…
DetailsYuzhniy Mining and Processing Works in January-November decreased the iron ore concentrate output by 0.9% YoY, to 11.261 million tons. In November concentrate manufacture dropped by 2% YoY, to 1.056 million tons. Sinter output decreased by 12.7%, to 143.6 thousand tons. In 11 months UGOK produced 1.551 million tons of sinter, down by 10% YoY.…
DetailsThe Russian government’s commission for control over foreign investment is likely to approve acquisition of a stake in the Baimskaya polymetallic ore zone by Kazakhstan’s KAZ Minerals, Prime Minister Dmitry Medvedev said on December 4. “We have just had a meeting of the commission for control over foreign investments, we’ve considered one of the issues…
DetailsZaporizhstal intends to attract a loan of $18 million from Ukrgazbank. The extraordinary meeting of the shareholders will decide on the issue. The loan will be attracted for the period of not more than 5 years, with the interest rate of 7% to 9%. The meeting will order the CEO Rostislav Shurma or another person,…
DetailsAs of December 1 Ukraine has used only 11.6% of the quota for the delivery of flat rolled metal to Turkey. The quota for flat rolled metal is 361.1 thousand tons fulfilled, bars – 9.1% (50.8 thousand tons), pipes and hollow sections – 14.5% (39.8 thousand tons), stainless steel – 10.8% (15 thousand tons) and…
DetailsIn January-November Mariupol Ilyich Iron and Steel Works produced 2.642 million tons of rolled metal, up by 4.6% YoY. Steel manufacture grew by 4.8%, to 2.947 million tons, and pig iron – by 9.3%, to 4.08 million tons. In November the plant produced 237 thousand tons of rolled metal, 255 thousand tons of steel and…
DetailsMariupol Ilyich Iron and Steel Works received the most VAT among metal companies in November – 759.5 million UAH (761.7 million UAH in October). It is followed by ArcelorMittal Kriviy Rih (485.4 million UAH). Azovstal was reimbursed 473.4 million UAH of VAT (166 million UAH), and Zaporizhstal – 309.9 million UAH (486.7 million UAH). DMK…
DetailsIn 2018 Telen intends to mine 180 thousand tons of coal in the Republic of Sakha (Yakutia). This year the company is operating at the Kharbalakhskoye deposits. So far 160 thousand tons of coal have been mined, or 90% of the target. In short-term Telen wants to increase coal reserves to 10 million tons at…
DetailsIn January-September Electrozinc exceeded the zinc output target by 2.5%. In three quarters the company produced 59.01 thousand tons of zinc, including 29.18 thousand tons of zinc-aluminum alloy, 98.45 thousand tons of sulfur acid and 240 tons of cadmium in sows. Sales totaled 4.041 billion rubles, up from 3.477 billion rubles last year. Sales profit…
DetailsAccording to the Spetsstal Association, in January-October Russia increased rolled stainless steel output by 2.9% YoY, to 64.55 thousand tons. Bars were responsible for the increase, having grown by 18.6%. Other metal types manufacture decreased: hot-rolled flat metal – by 10.6%, pipes billets – by 13.3% and cold-rolled flat metal by 22%. The main stainless…
DetailsIn November Ukraine produced 2.775 million tons of coal, or 99% of the plan. This was reported by the Coal Miners Union of Ukraine with reference to the data provided by the Energy and Coal Industry Ministry. In particular, mines subordinated to the Energy and Coal Industry Ministry produced 332,543 tons of coal, or 87.1%…
DetailsIn January-October Armenia decreased metal output by 2.7% YoY as opposed to the growth of 12% last year. In particular, ferromolybdenum manufacture grew by 4%, to 5744 tons, with 758 tons produced in October, up by 2.8% MoM. Molybdenum output increased by 1.5%, to 9346 tons, with 1006 tons produced in October, up by 21.6%.…
DetailsThe city of Magnitogorsk hosted a meeting of the coordination board of MMK and Uraltrubprom. The parties summed up the results of the January-October operation and agreed to further strengthen cooperation. In particular, it was decided to start producing welding wire at MMK-Metiz according to Uraltrubprom specifications. Uraltrubprom is one of the key consumers of…
DetailsNTZ TEMPO has mastered the manufacture of steel electric-welded pipes with the diameter of up to 630 mm. But soon the Russian market will also see pipes with the diameter of up to 720 mm. The pipes will be produced at the mill commissioned in summer. The capacity of the mill is 8-10 thousand tons…
DetailsIn January-November Azovstal increased rolled metal output by 0.8% YoY, to 3.53 million tons. Steel manufacture dropped by 5.6%, to 3.724 million tons, and that of pig iron – by 1.7%, to 3.407 million tons. In November Azovstal produced 256 thousand tons of rolled metal, 300 thousand tons of steel and 258 thousand tons of…
DetailsIn accordance with the order of the General Director of PJSC MMK, some appointments have been made. In particular, Sergey Ushakov, who previously held the position of Deputy General Director for Production, was appointed Deputy General Director for Sales of PJSC MMK. Oleg Shiryaev, who previously held the position of Director of OJSC MMK-METIZ (Magnitogorsk…
DetailsThe quotas to deliver metal products to the European Union countries have been 42-89% fulfilled. As of November 30 EU received 2.137 million tons of hot-rolled metal (50.06% of quota used). The quota for the delivery of cold-rolled metal has been 42.54% fulfilled (561 thousand tons), plate – 48.81% (704 thousand tons), rebars – 75.91%…
DetailsIn October world pig iron manufacture increased by 7.66% YoY, to 107.287 million tons.
China was still the largest manufacturer with 67.736 million tons of pig iron, up by 12.86% YoY.
Ukraine retained the 9th place with 1.785 million tons. (Ukrainian metal)