In January-September the volume of capital investments in metallurgy grew by 34.1% YoY, to 20.43 billion UAH. According to the State Statistics Service, in Q3 investments began decreasing. In July-September investments grew by 29.5%, while in Q1 – by 34.5%, and in Q2 – by 42%. (Ukrainian metal)Details
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In September Russia exported 9.8 thousand tons of nickel matte, up by 90% MoM and by 137% YoY. Finland is still the only importer of the product. In 9 months exports totaled 102 thousand tons, up by 76% YoY. In monetary terms since the start of the year the exports have increased by 45%. Prices…Details
The state research center CNIITMASH, a part of Rosatom, and Ural Steel have developed a technique to produce plates of new steel grades. The material and technique are necessary for use in the projects to produce liquefied natural gas, especially in the far north. The work to develop the technique to produce plates of new…Details
Next year VSMPO-Avisma intends to increase output by 8% YoY, to some 38 thousand tons. This year the corporation expects to produce 35 thousand tons of titanium wares, up by 6% YoY. The current investment program presupposes investments on the level of $700 million until 2027 and the increase of output by more than 20%…Details
Evraz ZSMK has finished a 55-day capital repair of its oxygen converter. The capacity of the machine is over 100 thousand tons of steel per month. Investments reached 90 million rubles. Evraz ZSMK operates 5 converters. On average they produce 570 thousand tons of steel per month. Next year another converter and continuous casting machine…Details
In January-September Uchaly Mining and Processing Works received 368 million rubles of net loss. Last year net profit amounted to 256.8 million rubles. Revenue grew to 16.7 billion rubles from 16.4 billion rubles. Sales profit increased 2.4-fold, to 1.75 billion rubles, and gross profit – by 26.8%, to 3.95 billion rubles. (Ukrainian metal)Details
Chelyabinsk Pipe-Rolling Works and Baotou Steel (China) will construct a mining and processing works in the Irkutsk region. The companies have already signed a corresponding agreement. The GOK will be constructed at the Zashikhinskoye rare-earth metals deposit. The first stage is expected to process 250 thousand tons of ore, and with the third stage completed…Details
The arbitrary court of Perm region has partially satisfied the claims of the Federal Antimonopoly Service on taking measures in the dispute with enterprises under control of the Solikamsk Magnesium Works owner. The court prohibited Cyprus-based Volesko Yjldings Ltd, Slontecco Investments Ltd and Fullcircle Facilities Management Ltd doing anything with the company shares. The Antimonopoly…Details
A gold-leaching and extracting plant will be built in Kostanay region. Investments will reach $25 million. Some 300 jobs will be created. The plant is expected to start operating in 2021. This year gold ore extraction in the region grew by 52% or by 1 million tons. (Ukrainian metal)Details
In September Russia imported 25 tons of molybdenum, down y 7.5% MoM and by 26% YoY. Deliveries from China grew from 12.3 tons to 17.5 tons, while from Germany dropped by 58%, to 6 tons. In 9 months imports totaled 247 tons, down by 4% YoY. In monetary terms since the start of the year…Details
Taganrog Iron and Steel Works has finished modernizing its circular furnace and a pipe hot-rolling site in the pipe-rolling shop. In particular, the company has commissioned four new pipe threading machines, as well as upgraded one pipe threading and two coupling threading machines. Under a large-scale modernization program scheduled to be completed in 2021 Tagmet…Details
President Gurbanguly Berdymuhamedov has tasked the government with construction of a metal works. Vice Prime Minister on oil and gas complex Myrtgeldy Meredov has noted that large deposits of iron ore have been discovered on the territory of the Balkan region. Berdymuhamedov ordered the government to construct a mining works to process iron ore. (Ukrainian…Details
Local citizen of Pobugskoye Denis Shevchenko has been appointed CEO of Pobuzhye Ferronickel Plant instead of Oleg Bespalov, who has been chairing the company since 2014 under a 5-year contract. The task of the new CEO is to continue building a modern European-type enterprise taking into account global development principles. Shevchenko worked not only in…Details