In September Severstal Steel Ropes Volgograd subsidiary produced 2541 km of strands, setting another manufacturing record. The company is able to produce steel ropes with the diameter of 20 to 39 mm both according to GOST and EN. “For the past several years we have been carrying out a large-scale modernization of the steel rope…
DetailsDuring the official visit of the president Vladimir Putin to Saudi Arabia, ChTPZ Group has concluded a memorandum of cooperation with local corporations. In particular, the memorandum was signed with Lamar Saudi United Holding Company. Under the agreement the parties will determine terms and volumes of deliveries to the Near East, creation of a joint…
DetailsDCH Group intends to privatize the state enterprises United Mining and Chemical Company and Electrotyazhmash. The company will participate in privatization if the authorities take the corresponding decision. “We are interested in the development of Ukrainian industry, while the announced objects of privatization will get new prospects of development due to the synergy with other…
DetailsThe Cabinet of Ministers has approved of amendments to the state budget in 2019, having provided 1 billion UAH to pay salary to miners. In particular, 120 million UAH is envisioned to clear salary debts to Lisichanskugol miners. Earlier it was reported that some mines stopped operation over the non-payment of salary to the employees.…
DetailsIn January-September NLMK decreased steel output by 9% YoY, to 11.9 million tons. In Q3 output dropped by 6%, to 3.7 million tons. Sales in 9 months remained almost unchanged – at 12.9 million tons. Rolled metal sales grew by 2%, to 8.31 million tons, and high added-valued products sales also by 2%, to 3.88…
DetailsBalakovo Iron and Steel Works has started a scheduled capital repair of its mill-350/200. The lining of the heating furnace will be replaced. The repair will last for 4 weeks. The company will limit taking orders for November. (Ukrainian metal)
DetailsEnergomashspetsstal has shipped a batch of supporting rolls with the combined weight of 96.7 tons to ISD Dunaferr. The corresponding contract was concluded in 2018. According to the agreement, 7 supporting rolls for the hot- and cold-rolling mills have to be supplied. The total weight of the rolls is 174.8 tons. The remaining rolls will…
DetailsIn early October Electrostal Tyumeni started industrial manufacture of hot-rolled equal angles with the thickness of 3 and 4 mm. The first batch has already been supplied to customers on the domestic market. In September the company started manufacturing equal angles with the size of 40×40 mm and the thickness of 3, 4 and 5…
DetailsIn January-September Almalyk Iron and Steel Works manufactured $1.4 billion worth of metal products, up by 131.5% YoY. Cathode copper manufacture grew by 127.2%, metallic zinc – by 122.5%, gold – by 106.5% and silver – by 164.9%. This year the copper-smelting plant set a new record – 100 thousand tons of cathode copper were…
DetailsIn January-September Priisk Solovievsky produced 2462.5 kg of gold, down by 2.2% YoY. Gold extracted from deposits in Amur region accounted for 2194.7 kg, including 1495 kg of alluvial gold and 699.7 kg of ore gold, down by 3.4% and by 6.6% respectively. The drop is due to the gold content decrease. In Zabaikalye region…
DetailsArktik Palladiy, a joint venture (JV) between Norilsk Nickel and Russian Platinum, will gradually raise its production to 120 tons of platinum group metals per year, making it the world’s top producer, President of Russian Platinum Musa Bazhayev said at a meeting of the Russian-Saudi economic council. “We expect to get the first product in…
DetailsLast week the price of one ounce of gold decreased by 17.748 manats or by 1%. Accordingly, the average price of one ounce of gold stood at 2,552.3902 manats. The price of one ounce of silver grew by 0.0057 manats or by 0.02%, to 29.94 manats. The price of one ounce of platinum went up…
DetailsIn September the Manufacture of Steel Structures, a part of Uralelectromed, galvanized a record-high volume of 4700 tons of metal structures. The result exceeded the average monthly level by 200-300 tons. The hot dip-galvanizing department is capable of galvanizing metal structures with the sizes of 12.5×1.4×3.2 meters and the weight of 3 tons with the…
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