Russian metals and mining group Mechel has decided not to exercise its preemptive right to buy a 49% stake in the Elga coal deposit from Gazprombank and may also sell its 51% stake in the project. Gazprombank said in August 2019 that it had received an offer of purchase of a 49% stake in the…Details
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The critical situation at the Mine named after Saint Matrona has been discussed in Donetsk region. Representatives of the trade unions met with the authorities of Toretsk town. The wage arrears, electricity provision as well as future operation of the enterprise have been discussed. The mine employs 457 people. For the past two months no…Details
In 2019 ArcelorMittal Kriviy Rih increased rolled metal output by 11.2% YoY, to 4.7 million tons. Steel manufacture grew by 11.8%, to 5.3 million tons, and pig iron – by 14.9%, to 5.3 million tons. Moreover the company increased sinter manufacture by 14.3%, to 9.8 million tons, iron ore concentrate – by 5.8%, to 9.8…Details
In 2019 Electrostal decreased continuous-cast billet output 3.5-fold YoY, to 83 thousand tons. In December 2019 the company produced 7 thousand tons of billets, in November 2019 – 3 thousand tons and in September 2019 – 1 thousand tons. In January-March 2019 Electrostal did not operate, but then partially resumed operation, working at one third…Details
The Verkhovna Rada has approved at the second reading and as a whole the draft decree No. 1210, which increases the rent for mining iron ore. 283 members voted in favor of the decree. The document presupposes different rate depending on the ore price. Thus, if the price is below $70 per ton, the rate…Details
In 2 months of operation the previously shut down Southern bay of the pressure shop has processed over 2300 tons of rolled metal. The bay was shut down in March 2018 because of the low loading. In 2019 it was decided to resume the operation of the Southern bay, and in November 2019 it started…Details
Zlatoust Electrometallurgical Works has been named a leader of the stainless steel shapes and bars manufacture in Russia in January-November 2019. According to the Spetsstal Association, Russia produced 51.99 thousand tons of rolled stainless steel. ZEMZ’s share was 41%. The company has increased output by 9% YoY, to 21.5 thousand tons. (Ukrainian metal)Details
Electric-welded casing pipes with premium threaded joints manufactured by Vyksa Iron and Steel Works have successfully passed Gazprom tests. As a result of the inspection, the pipes have been included in the registry of pipe products that can be used in Gazprom constriction. This allows VMZ to participate in auctions to supply pipes to Gazprom.…Details
Trans-Siberian Gold (TSG) has found a zone of high mineralization some 400 meters to the north of the lode No. 25 at the Asachinskoye deposit in Kamchatka. According to preliminary drilling, the largest gold concentration is 133 g per ton. Investments in the deposit development are estimated at $7.9 million. (Ukrainian metal)Details
In November 2019 Russia imported 54.1 thousand tons of chrome ore and concentrate, down by 17% MoM and by 34% YoY. Deliveries from Kazakhstan dropped from 59.6 thousand tons to 49.3 thousand tons, and from South Africa from 5.7 thousand tons to 4.7 thousand tons. In 11 months of 2019 imports totaled 846.8 thousand tons,…Details
In November 2019 Russia exported 6.4 thousand tons of ferromanganese, down by 10% MoM, but up by 108% YoY. Deliveries to US grew from 4.2 thousand tons to 4.9 thousand tons, and to Ukraine – 3-fold, to 1.1 thousand tons. At the same time exports to Belarus dropped by 70% and to Kazakhstan by 29%,…Details
The steel output of Severstal contracted by 2% YoY, to 11.847 million tons in 2019 hurt by lower output in the second half of the year after the sale of a long products plant, the company said in a statement on January 17. The negative effect of the sale was partially offset by higher production…Details
In November 2019 Russia imported 15.7 thousand tons of ferrosilicomanganese, up by 10% MoM and by 2% YoY. Deliveries from Georgia dropped to 7 thousand tons, while imports from Kazakhstan grew by 36%, to 7.5 thousand tons. In 11 months of 2019 imports totaled 165 thousand tons, down by 4% YoY. In monetary terms since…Details