Another plant to produce high-strength steel wire will be constructed in the MMK industrial park. MMK, MMK-Metiz, MMK-Industrial Park and Terwingo LLC have signed an agreement on cooperation. The agreement presupposes the joint work to create the manufacture of wire products. Investments in the project are estimated at 8 billion rubles. The new manufacture is…Details
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The Verkhovna Rada intends to bring the operations on the ferrous scrap market out of the shadow. This will help attract some 900 million UAH of additional taxes and payments to the state budget. 80% of the Ukrainian scrap market operates in the shadow. In 2018 the shadow market volume amounted to 16 billion UAH.…Details
Interpipe is noting the outflow of qualified personnel. According to the group CFO Denis Morozov, following the Interpipe TechFest in October the situation with technical personnel did not change. “There is an outflow, especially of the key qualified personnel. We are losing these jobs. There are fewer problems with less qualified personnel. But it is…Details
In October Kazakhstan produced 0.34 million tons of steel, down by 14% YoY. In 10 months steel output totaled 3.711 million tons, down by 2.3% YoY. Rolled metal manufacture in October dropped by 37.7%, to 0.106 million tons, and in 10 months – by 27%, to 1.735 million tons. Ferroalloys manufacturers increased output by 6.5%…Details
In January-October Krasnoyarsk Railroad transported 189.7 thousand containers (TEU), up by 62.9% YoY. Domestic transportation totaled 36.6 thousand TEU, down by 5.1%, and export – 153.1 thousand TEU, up 2-fold. In particular, 13.4 thousand containers of non-ferrous metals and 4.5 thousand containers of ferrous scrap were transported, up by 39% and by 25.3% YoY respectively.…Details
In October the major service metal centers manufacturing metal wares received 134.9 thousand tons of rolled steel via railroad. This is a drop of 17.3% MoM and of 22% YoY. In January-October deliveries decreased by 11.6%, to 1.67 million tons. (Ukrainian metal)Details
In September Russia exported 12.2 thousand tons of ferrochrome, up by 4.8% MoM and by 235% YoY. Deliveries to the Netherlands grew by 30%, to 8 thousand tons. 2 thousand tons were exported to Japan and 1 thousand tons to Taiwan. In 9 months exports totaled 91.6 thousand tons, up by 46.2% YoY. In monetary…Details
In August Russia imported 280 tons of molybdenum ore and concentrate, up by 152% MoM, but down by 15.5% YoY. Deliveries from the USA grew almost 2-fold, to 80 tons, and from the Netherlands – 3-fold, to 190 tons. In 8 months imports totaled 2 thousand tons, down by 14.7% YoY. In monetary terms since…Details
The gold output of the gold mining company Nordgold, controlled by the Russian businessman Alexei Mordashov, rose by 12% QoQ, to 288,900 ounces in July-September, the company said in a statement on November 13. The average price of gold sales increased by 12%, to $1,474 per ounce in the period. In January-September the company’s gold…Details
Glavgosexpertiza (Russia’s Main Department of State Expertise) experts have considered and approved the design documentation and engineering survey findings under the project on construction of a port on the Yuzhniy Island of the Novaya Zemlya Archipelago (Arkhangelsk region) as infrastructure of Pavlovskoye Lead and Zinc Deposit. Pavlovskoye Lead and Zinc Deposit discovered in late 1990s…Details
Pipe Metal Company and Prommashkomplekt LLC, manufacturer of products for railroad, have signed an agreement on the delivery of continuous cast pipe billets. The document was signed by TMK deputy CEO Sergey Marchenko and Prommashkomplekt commercial director Dmitriy Karakulov. According to the contract, TMK will annually supply Prommashkomplekt with up to 65 thousand tons of…Details
In October Energomashspetsstal shipped 600 tons of metal products to ArcelorMittal enterprises. Large batches of rolls have been sent to iron and steel works in Germany, Belgium, France, Italy, Spain and Kazakhstan. In particular, 10 supporting rolls for hot- and cold-rolling mills have been supplied to AМ Bremen, AМ Espana, AМ Eisenhuttenstadt, AМ Italia, AM…Details
In January-October the East-Siberian Railroad transported 287.1 thousand containers (TEU), up by 13.6% YoY. Domestic transportation accounted for 69 thousand containers, up by 5%, transit – 17.3 thousand, down by 18.4%, exports – 156.7 thousand, up by 8%, and imports – 44 thousand containers, up by 113.7%. In particular transportation of non-ferrous metals grew by…Details