Last week the average price of precious metals remained unchanged due to the New Year holidays. Accordingly, the average price of one ounce of gold stood at 2,574 manats ($1,514). The average price of one ounce of silver stood at 30.46 manats ($17.9), of platinum at 1,615 manats ($95) and of palladium at 3,240 manats…Details
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In 2019, 3557 employees of the Krasniy Octyabr Iron and Steel Works underwent professional retraining. 359 of them got a new profession. Over 30 people studied to become a crane operator. This year some 500 employees will improve their skills free of charge. (Ukrainian metal)Details
In 2019 Ukraine produced 20.824 million tons of steel, down by 1.3% YoY. Pig iron manufacture decreased by 2.5%, to 20.054 million tons, and rolled metal – by 1.1%, to 18.16 million tons. Ukraine started decreasing output since September 2019 due to the drop in demand and price. In particular, Dneprovsky Iron and Steel Works…Details
In late 2019 Zlatoust Electrometallurgical Works mastered the manufacture of a new product – 5×155 mm rolled strip of high-alloyed steel. The strip was produced in the electric steel smelting shop No. 3 and rolled in the rolling shop No. 1. In order to start manufacturing the strip the company specialists have developed a new…Details
In 2019 Azovstal decreased output. In particular, rolled metal manufacture dropped by 3.2% YoY, to 3.75 million tons, steel – by 1.6%, to 4 million tons, and pig iron – by 6.3%, to 3.47 million tons. In December 2019 Azovstal produced 278 thousand tons of rolled metal, 303 thousand tons of steel and 316 thousand…Details
Pipe Metal Company has finalized the sale of 100% of IPSCO Tubulars Inc. shares to Tenaris. The price of the deal following the agreement concluded on March 22, 2019, was $1.209 billion. Following the deal the parties have concluded a 6-year agreement, according to which from now on Tenaris will act as an exclusive distributor…Details
Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works among other things, has announced its decision to pay special dividends for 2019 of $0.066 in addition to the already announced interim dividends of the same amount, resulting in the total amount of dividends of $0.132, or some $80 million. The final decision will be…Details
The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved July-September 2019 dividends at 1.65 rubles per share, the company said. “A decision to pay dividends for the third quarter of the reporting year 2019 in the amount of 1.65 rubles per common share (tax included) was voted by the majority,” the statement said.…Details
In October 2019 Russia exported 25.1 thousand tons of lead ore and concentrate, down by 69.4% MoM and by 14% YoY. Deliveries to China decreased 3-fold, to 23.5 thousand tons, and to Kazakhstan – from 1.35 thousand tons to 135 tons. In 10 months of 2019 exports totaled 328 thousand tons, up by 11% YoY.…Details
The ChTPZ Group has supplied over 150 thousand tons of pipes for the construction of the TAPI gas pipeline. The state concern TurmenGaz is the customer. The pipes made of X70 steel with the diameter of 1422 mm and the outer corrosion-resistant coating will be used to construct the pipeline on the Turkmenistan territory. (Ukrainian…Details
Chelyabinsk Pipe Plant (ChelPipe) does not rule out the placement of its shares on the market in the future, an official reported. “ChelPipe is considering a market offering of the shareholder equity in the future as one of the scenarios but a final decision has not been made, it will depend on several factors, including…Details
In 2019 Zaporizhstal increased metal transportation by river by 36% YoY, to 905 thousand tons. The metal was shipped via the Zaporozhye River Port. The coastal trade contributed the most to the growth. Some 240 thousand tons were shipped to the seaports of Chernomorsk and Odessa. Previously metal to these destinations was transported by railroad.…Details
ArcelorMittal Kriviy Rih has invested $60 million in the reconstruction of its small-section mill No. 250-4. Thanks to the reconstruction the mill now can produce rebars Nos. 8-24 in coils. The commission and certification of the mill are scheduled for January-February 2020. Manufacture of rebars in coils for sales will start in late Q1 2020.…Details