One more license has been given in the Republic of Khakasia to conduct activities connected with ferrous and non-ferrous scrap. The company to receive the license was Sorsk Mining and Processing Works. Now SGOK may procure, store, process and sell such a scrap. At present there are 43 licenses to conduct this activity in the…Details
Over 800 tons of Evraz rails have been shipped to the city of Nizhniy Novgorod to construct the railroad to the new subway station of Strelka. For this order Evraz ZSMK produced R50 rails with the length of 25 meters. Evraz rails have been used in most of Russian and CIS subways. They have been…Details
Severstal positively assesses the results of its E-store operation. “An Internet store is no competitor to traditional ways of selling our products, but an additional way to cooperate with the clients. The constantly growing number of users shows that this way of communication is in demand”, Severstal Management marketing director Dmitry Gorshkov noted. According to…Details
Vyksa Iron and Steel Works has produced the first batch of high-speed wheels for Estonia. The diameter of the wheels is 870-880 mm, and they are specifically built for the speed of 200 km per hour and will be used at the Stadler FLIRT passenger trains. “Such wheels, just like any other products for high-speed…Details
The new subdivision of Metinvest – the Technical Service Department – will deal with orders and technical support of customers, the department director, ex-CEO of Mariupol Ilyich Iron and Steel Works Yuri Zinchenko said. “I’m currently chairing a new and very important division, it’s new both for the company and for the industry – the…Details
Ukrainian metal companies expect the Turkish import duties to be lifted. At present the two countries are negotiating trade. “We hope that as the result of the talks duties on our products will be cancelled altogether or step by step. Any country is interested in the exports of high value added products. The market of…Details
In August Dneprospetsstal increased steel output by 10% MoM, to 23 thousand tons. Pig iron manufacture went up by 3.7%, to 14 thousand tons. The total cost of products manufactured in August dropped by 8.4% MoM, to 611.6 million UAH. In January-August DSS produced 172 thousand tons of steel and 113 thousand tons of rolled…Details
The state enterprise South Machine-Building Works named after Makarov (Yuzhmash) has ordered 245 million rubles (111.32 million UAH) worth of aluminum from Alfa-Metal LLC (Russia). By late 2019 the company will have supplied EXW Moscow 210 tons of rolled aluminum of various sizes at the average price of 1119 rubles or 508 UAH per kg,…Details
The Zaporozhye regional department of the State Property Fund has decreased the price of the state enterprise Aluminum Foil Works 2-fold. The initial price of the works is 583.977 million UAH (with VAT), previously it was set for auctions at 1.159 billion UAH. The new auction will take place on October 13. The capacity of…Details
Korshunovsky quarry of the Korshunovsky Mining and Processing Works has mined the 500-millionth ton of ore. The anniversary ton of ore will be processed and supplied to Chelyabinsk Iron and Steel Works. The first ton of ore from Korshunovsky quarry was shipped in December 1964, 3 months before the enterprise was officially created. The first…Details
Beloretsk Iron and Steel Works has organized testing 4 new grades of wire for boiler and oil-and-gas machinery. The results allow expanding the sales market and increasing the share of the high value products. The first batches of new products (20 tons) have already been produced and shipped to the customer. The wire has been…Details
High demand for steel and low stocks of Chinese traders, US import duties and high expenses on raw materials are among the factors influencing the world steel price increase. Moreover blast furnace manufacture in Northern China is expected to be limited, which will result in the drop of output by 50 million tons. Thus prices…Details
The supervisory board of Zaporozhye Vtormet has relieved the acting chairman of the board Alexander Umrikhin of his duties, appointing the shop director Konstantin Beskorovayniy instead.
The term of the office has not been stipulated, but Beskorovayniy has been hired with a 3-month trial term.
Zaporozhye Vtormet procures and processes ferrous scrap. (Ukrainian metal)
In August Ukrainian metal companies increased natural gas consumption by 10 million cubic meters MoM, to 140 million cubic meters. Average daily gas consumption increased by 0.3 million cubic meters, to 4.5 million cubic meters. In January-August metal companies consumed 1.2 billion cubic meters of gas, up by 2% YoY. Average daily consumption was 4.7…Details
In August Ukrainian metal companies received 270 thousand tons of scrap, down by 20 thousand tons MoM, or 86% of their need. In 8 months they received 2.1 million tons, up by 6% YoY, but just 89% of their need. Scrap stocks at metal companies in August decreased by 30 thousand tons, to 110 thousand…Details
Ukrmetallurgprom forecasts that in October Ukraine will produce 2 million tons of steel, 1.9 million tons of pig iron and 1.7 million tons of rolled metal. In August steel output totaled 1.925 million tons, pig iron – 1.817 million tons, and rolled metal – 1.609 million tons. In January-August Ukraine decreased steel manufacture by 16%…Details
According to the Ministry of economy, in 8 months Kazakhstan mined 26 million tons of iron ore, up by 11.4% YoY. In January-July iron ore raw materials output increased by 32.7% YoY, and concentrate by 2.1%. In money terms iron ore raw materials output in 7 months increased by 57% YoY, to 144.1 billion tenge.…Details
Anglo Asian Mining PLC has launched production of gold and silver at the Ugur deposit, located in Gedabek. Ugur is already making a highly significant contribution to Anglo Asian’s production, the company’s press service reported. “The average daily gold production in the form of gold Doré on September 1-10 was 212 ounces, up by 116%…Details
The press-service of the Lviv regional state administration reported, that on September 12 the state enterprise Lvivugol received 30 million UAH for selling coal.
Thanks to this miners were paid 32% of their August salary. (Ukrainian metal)
In 2017 Vysochaishiy (GV Gold) intends to receive over $200 million of revenue. “The increase against the last year level and the target will mostly be associated with the change in the price for gold”, the company CEO Herman Pikhoya said. The company is also planning to have an IPO at the Moscow exchange, probably…Details
Yuri Derkach has been appointed the acting CEO of the Ukrainian Association of Secondary Metals. Previously he worked in the Ministries of industrial policy and economical development and trade until his retirement. The previous UAVtormet CEO Nikolai Tarapurov retired. The final decision on the CEO appointment will be taken at the association meeting in November.…Details
In the metal machining shop of Energomashspetsstal a new 6620 bed-type mill has been put in operation. The mill is used to machine the surface of steel wares with the weight of up to 50 tons. The new mill has better technological advantages. It allows improving the quality of the billets machined, reaching a new…Details
The Amur artel obtained 942 kg of platinum, including 276 kg in August.
The Amur Zoloto ore deposits yielded 727.2 kg of gold and 481 kg of silver.
The Buor and Ulakhan alluvial gold sites produced 295 kg of gold.
The total gold output in January-August reached 1028.6 kg. (Ukrainian metal)
In January-August the throughput of Russian seaports increased by 10.4% YoY, to 517.3 million tons.
According to the Association of sea trade ports, coal throughput totaled 102.7 million tons, up by 15%, while that of ferrous metals – 18.7 million tons, down by 1.5%. (Ukrainian metal)
The Federal Antimonopoly Service has allowed Severstal to buy 100% of shares in the Metal Group LLC, which owns a license to develop the central part of the Yakovlevskoe iron ore deposits in Belgorod region. In July Severstal reported on the closing of the deal to buy the claims to the company in the amount…Details
The share of steel semi-finished products, slabs and billets in the export volume in January-August decreased to 35.9% from 45.6% in 2016. At the same time the physical volumes of steel semis exports dropped from 5.491 million tons to 3.831 million tons. Long rolled metal exports decreased from 3.197 million tons to 2.359 million tons,…Details