In 2019, 1168.4 thousand tons of hot-rolled steel were produced at the thick-sheet Mill 5000 of the Magnitogorsk Iron and Steel Works (MMK). This is the highest annual production rate since the unit was launched. The previous record was set at the mill in 2010, when it produced 1160.5 thousand tons of rolled products. MMK’s…Details
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Kyrgyzstan exported 14 tons of gold to China last year, representatives of the State Customs Service announced at a meeting of the parliamentary committee on fuel, energy complex and subsoil use. According to them, 71% of gold ore mined in the country is transported to China. “In 2018, at least 19,300 tons of ore were…Details
In 2019 Azerbaijan produced 763.5 million manats worth of metal, down by 20% YoY. According to the State Statistics Committee, manufacture of metal wares grew by 82.4%, to 214.604 million manats. Last year Azerbaijan produced 326.4 thousand tons of steel, down by 14.5%, 300.6 thousand tons of rebars, down by 2.8%, 49.2 thousand tons of…Details
A-Property, a company of co-founder of the Russian telecom operator Yota Albert Avdolyan, has asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga coalfield from Gazprombank and metals and mining group Mechel. The request says that the combined value of A-Property’s assets exceeds 7 billion rubles, while the value of…Details
In November 2019 Russia imported 9.9 thousand tons of copper scrap and waste, up by 56% MoM and 4-fold YoY. Deliveries from Germany grew by 52%, to 2.4 thousand tons, and from Kyrgyzstan – by 45%, to 902 tons. In 11 months of 2019 imports totaled 48.2 thousand tons, up by 91% YoY. In monetary…Details
Beloretsk Iron and Steel Works has concluded a contract for the delivery of 12 new drawing benches under the project to modernize its wire-rope manufacture. The total cost of the purchase exceeds 580 million rubles. Mario Friegrio S.p.A., Italy will supply the machinery to produce spring, rebar, rope and welded wire. The machinery will be…Details
In 2019 ArcelorMittal Kriviy Rih increased investments in labor safety by 27% YoY, to 503.4 million UAH. Expenses per each employee exceeded 25 thousand UAH. Last year 30 accidents with the loss of working days were registered among the company and contractors’ employees, including 4 fatal accidents: 1 with AMKR employee and 3 with contractors.…Details
Interpipe has licensed its manufacture in Colombia and the UAE to produce UPJ-M threads. Now foreign shops can make threads on pipes and accessories on the spot. “The certification of foreign shops to produce Interpipe premium joints is another step to improve service and expand sales markets”, the company said. (Ukrainian metal)Details
Almetievsk Pipe Works has mastered the manufacture of electric-welded longitudinal welded galvanized pipes The company can now produce round pipes with the diameter of 15 to 57 mm and section pipes with the size of 15×15 to 60×40 mm. Galvanized coating provides for the protection from corrosion. Such pipes are widely used in construction and…Details
In December 2019 Ukraine decreased steel manufacture by 17.2% YoY, to 1.561 million tons, having advanced from the 15th to the 12th position in the Worldsteel rating. In the whole 2019 Ukraine produced 20.848 million tons of steel, down by 1.2% YoY, having remained at the 13th place. In 2018 Ukraine was also on the…Details
Sibantrazit has improved the operation of its processing factories in Novosibirsk region, where Sibirskiy Antrazit and Razrez Vostochniy operate. Since August 2019, the output of Ultra High Grade concentrate has grown from 19% to 25.2%. The company intends to retain this level in 2020. Sibantrazit is the leading manufacturer and exporter of UHG in the…Details
Zagorsky Pipe Works intends to buy Ural Steel from Metalloinvest. According to RBK, the price could exceed 32 billion rubles. ZTZ needs Ural Steel, which produces strips and pipe billets, for a new project – the manufacture of OCTG seamless pipes. (Ukrainian metal)Details
In 2019 Polymetal International plc produced 1.316 million ounces of gold, up by 8% YoY, and 21.6 million ounces of silver, down by 15%. Total manufacture in gold equivalent grew by 3%, and by 4% exceeded the initial output target of 1.55 million ounces, having reached 1.614 million ounces. Copper manufacture dropped by 37%, to…Details