The prices of main precious metals increased in Azerbaijan on July 4, according to the data published by the Central Bank. The cost of gold increased by 30.7785 manats, to 2,136.4835 manats per ounce compared to the price on July 3. The cost of silver increased by 0.4613 manats, to 27.321 manats per ounce. The…Details
Nikolai Kovalchuk, an employee of the Novovolynskaya-10 mine, who took part in the underground strike demanding salary debts to be cleared, ended up in the hospital. According to Mikhail Volynets, chairman of the Independent Miners Union of Ukraine, he suffered from vomiting and bleeding. Kovalchuk has been taken to the hospital by the mining rescuing…Details
Interpipe has invested $8 million in the construction of the pipe finishing line at its Interpipe Niko Tube works in the city of Nikopol. The assembly of the machinery has been completed. Now the line is being tested. When it reaches its project capacity it will be able to process 93 thousand tons of pipes…Details
On July 3 a fire broke out in the manufacturing shop of the Aluminum Casting Works in the city of Barnaul. 6 units of special machines and 21 firefighters extinguished the fire in 16 minutes. Several days ago, on June 30, three roofers fell from the 15-meters high shop building, where they were repairing the…Details
Chelyabinsk Zinc Works has held an annual shareholders meeting.
It was decided not to distribute the profit of 5.4 billion rubles for 2017.
Thus, dividends for 2017 will not be paid. (Ukrainian metal)
58 years ago, on July 3, ArcelorMittal Temirtau produced the first Kazakh pig iron. This day is considered the birthday of the leader of Kazakh metal industry. Now the company is the only enterprise in Kazakhstan with the complete metal cycle. It occupies the area of 5 thousand ha. Since July 1960 the blast furnace…Details
In May ferrous metals transportation increased by 10.2% YoY, to 6.5 million tons. Since the start of the year the railroad transported 33 million tons of ferrous metals, up by 11%. Domestic transportation increased by 20%, and exports – by 5%. Exports to Turkey and Mexico grew 1.5-fold each, and to US – by 20%.…Details
In January-June Beloretsk Iron and Steel Works increased steel rope sales by 5% YoY, to 22 thousand tons. Calf lines for the drilling rigs in oil and gas industry, overhead ground wire as well as ropes for fishing industry and of the general use in lifting machines enjoyed the greatest demand from customers. Apart from…Details
Vadim Dubasov has been appointed the Severstal Russian Steel director of investments. His predecessor Sergey Sidorkov will continue working as the director of the center on investment projects. Dubasov started working with Evrazholding in 2001. In 2010 he went to work as the senior project manager at Evraz NTMK. From October 2012 till March 2018…Details
39 miners for more than a day refuse to return to the surface at the Novovolynskaya-10 mine in Volyn region, demanding their salary debts to be cleared. According to Vasiliy Pradid, the chairman of the Independent Miners Union of the mine, the miners ask the salary debts for April-June to be cleared. He did not…Details
In January-June Ferrexpo decreased pellets output by 1.2% YoY, to 5.096 million tons. According to the group statement, manufacture of pellets with 65% Fe content dropped by 2.5%, to 4.779 million tons, while that of pellets with 62% Fe content grew by 23%, to 317.1 thousand tons. The pellets manufacture of the group own ore…Details
The United States Department of Commerce has prolonged for a year the agreement with Interpipe, signed in July 2014, to suspend the antidumping investigation on pipes in exchange for price obligations on deliveries. The amendments to the contract will expire on July 10, 2019. Interpipe asked to prolong the agreement in November 2017. The department…Details
In June Ukraine’s coal mining enterprises of all forms of ownership extracted 2.55 million tons of coal, down by 5.8% from the planned targets, the Trade Union of Coal Mining Industry of Ukraine informed with reference to the Ministry of Energy and Coal Industry of Ukraine. “In June the coal mining enterprises of Ukraine of…Details
The prices of the main precious metals decreased in Azerbaijan on July 3, according to the data published by the Central Bank. The cost of gold decreased by 20.6805 manats, to 2,105.705 manats per ounce compared to the price on July 2. The cost of silver decreased by 0.3764 manats, to 26.8597 manats per ounce.…Details
According to VIAM CEO Yevgeniy Kablov, Russia experiences the problem of the lithium manufacture. The only lithium manufacturer in Russia is the Novosibirsk Works of Chemical Concentrates (NZKH), which supplies lithium both to the domestic customers and abroad. The enterprise started manufacturing lithium in 1960s. But Russia has no developed raw materials base to produce…Details
ZEMZ has carried out another important project to improve metal quality, labor conditions and environment protection. The thermal calibration shop has carried out two large-scale repairs, which also included new machinery assembly. First of all, the second etching department has assembled a new ventilation system of the alkali dip tank. A vitriolic tank was also…Details
Mechel-Service has supplied 2700 tons of beams for the construction of a Tatneft oil-extracting complex in the city of Nizhnekamsk. This is the first large-scale project in the industry being built from scratch for the past 30 years. Mechel rolled metal is used to produce metal structures for the second stage of the complex. The…Details
The projects to stimulate aluminum processing in regions are an important condition to develop economy of the Russian Federation. According to the governor of the Republic of Chuvashiya Mikhail Ignatiev, the region is open for investors and innovation projects. “We have to support and develop aluminum-based products manufacture, as they can be exported and support…Details
Severstal and Zagorsky Pipe Works have held the first coordination council. The parties discussed results of 2017 and January-May 2018. They also decided to improve quality of rolled metal and pipes. “The practice of holding regular coordination councils has proven useful. Such meetings are very important, as they allow not only settling pressing matters, but…Details
Some 50 miners blocked the international road in Lviv region demanding their salary debts to be cleared. Lvivugol miners also came to the Lviv regional state administration to rule out all the issues of the salary. They met with the first deputy chairman Rostislav Zamlinsky. During the negotiations, the minister of energy and coal industry…Details
In June Energomashspetsstal concluded a new deal with Presezzi Extrusion S.P.A. (Italy), producer of various aluminum, copper and brass semi-finished products manufacturing machines. According to the agreement, EMSS will produce and deliver three bulk parts: a cylinder, a walking beam and a liner base. The products will be used in specialized press machinery. The spare…Details
Since the start of the year the Aleksievskaya mine has extracted 1 million tons of coal from the new long face, commissioned in January. The reserves of the mine are 53 million tons. The mine intends to construct the first stage of purification and treatment facilities and improve exhaust system. This year Aleksievskaya plans to…Details
Kosaya Gora Iron and Steel Works has approved and is carrying out a 3-year development program for 2018-2021. The program encompasses three main directions: – mastering of new techniques. The direction presupposes not only the repair of the old capacities and their replacement, but the creation of new ones as well. In particular, the company…Details
In January-May the coal enterprises of the Republic of Sakha (Yakutia) mined 8.46 million tons of coal, up by 4% YoY.
At the same time the target was 9.09 million tons.
This year Yakutia intends to mine 18 million tons of coal. (Ukrainian metal)