A global crisis, generated by the pandemic of a new type of the coronavirus, is the hardest one since the World War II, as declared recently by Antonio Guterres, U.N. Secretary-General. The epidemic disturbed a regular lifestyle and a business rhythm both in small towns and the largest capitals of the world. Everybody suffered –…Details
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In March, Zaporizhstal produced 355.8 thousand tons of pig iron, 300.8 thousand tons of steel and 233.6 thousand tons of rolled metal, all down by 8.1%, 15.5% and 21.8% YoY respectively. The decrease is due to a number of capital repairs of the blast furnace No. 5, as well as mills 1150 and 1680. In…Details
In January, Russia exported 1.9 thousand tons of titanium, down by 29% MoM and by 13% YoY. Price grew by 9%, to $23 per kg. Deliveries to USA decreased from 929 tons to 490 tons, and to Germany – from 621 tons to 461 tons. In 2019, exports totaled 28.5 thousand tons, unchanged YoY. (Ukrainian…Details
Novo-Shirokinsky Mine, a part of Highland Gold Mining, developing the polymetal deposit of the same name in Zabaikalye region, in 2019 increased net profit 1.5-fold, to 3.8 billion rubles. Sales revenue grew by 15.7%, to 8.2 billion rubles, and sales profit – by 14%, to 4.8 billion rubles. Output decreased by 5%, to 106.784 thousand…Details
President of Norilsk Nickel, Vladimir Potanin, has suggested shareholders postpone paying dividends this year due to a crisis. Rusal, the largest shareholder, has not supported this. “Of course, shareholders like dividends. But when there is a choice between increased dividends and investments in strategic development, 75% of minor shareholders choose investments. During crisis it is…Details
AzerGold CJSC has signed a $9.5-million contract with AT-Geotech LLC for exploration drilling, geotechnical research, laboratory analysis, monitoring of results and report preparation work in the country. AzerGold CJSC secured the contract via a tender, the official website on public procurement reported. Established in 2015, AzerGold CJSC is engaged in the study, research, exploration, management…Details
In January, Russia exported 4.4 thousand tons of long-rolled aluminum, up by 8% MoM, but down by 8% YoY. Price grew by 5%, to $3255 per ton. Deliveries to Germany increased from 627 tons to 840 tons, and to USA – from 415 tons to 648 tons. At the same time exports to Kazakhstan dropped…Details
In January, Russia imported 2.3 thousand tons of zinc, down by 49% MoM and by 56% YoY. Price remained unchanged at $2.6 per kg. Deliveries from Kazakhstan decreased by 51%, to 1.8 thousand tons, and from Uzbekistan – by 30%, to 294 tons. In 2019, imports totaled 50 thousand tons, up from 13.6 thousand tons…Details
The ChTPZ Group is taking measures to keep the business afloat and protect the health of its employees under the coronavirus pandemic and market volatility. According to the development strategy until 2024, the company intends to save 5 billion rubles by decreasing administrative expenses, optimizing repair processes, logistics and energy provision, as well as implementing…Details
Krasniy Octyabr Iron and Steel Works has for the first time produced section rolled metal of 51CrV4+QT steel grade. The company specialists have improved this chrome-manganese-vanadium alloy. Such alloys, having a high content of carbon, up to 0.55%, are used to produce components able to operate at the temperature of up to 300 degrees C.…Details
Mikhailovsky Mining and Processing Works has finished reconstructing its plant to produce granemite components. Investments in 2018-2020 totaled some 120 million rubles. The capacity of the plant increased more than 2-fold, from 15 to 38 thousand tons per year. (Ukrainian metal)Details
As a result of the quarantine measures, imposed since mid-March, a drop in demand for steel in April-May could reach 25%, according to VTB Capital. A part of products, if they are not affected by additional duties, Russia will be able to export. This will allow companies not to decrease output. In case of a…Details
Russian companies produced 367.952 tons of gold in 2019, up by 12% YoY, the Union of Gold Producers of Russia reported. Mined gold output went up by 9.5%, to 286.563 tons, by-product gold production increased by 17.4%, to 18.134 tons, and production of gold from processing of scrap and waste rose by 11.6%, to 38.487…Details