ArcelorMittal Kriviy Rih has additionally increased its salary fund by 1.1 billion UAH, and intends to return to the issue of raising salary in autumn. According to the workers’ union, a meeting was held on May 23 with the company CEO Paramjit Kahlon. “He said that the industrial situation at the enterprise was difficult. The…Details
Since the start of the year Amur region has mined over 1.2 million tons of power-generating coal, up by 5% YoY. The coal is mined at 2 deposits – the Raychikhinskoye and Yerkovetskoye. The coal industry employs over 1600 locals. With the increase of the Yerkovetsky open-pit capacity their number could grow. The oldest pit…Details
Severstal has completed assembly of the new heating furnace in the blanking shop of SSM-Tyazhmash. “The cost of the investment project exceeded 55 million rubles. Innovative materials and techniques allow saving up to 40% of gas as well as increasing product quality”, Severstal Russian Steel CEO Vadim Germanov said. The operating temperature of the furnace…Details
In April industrial prices increased by 1.2%.
According to the Federal Service of State Statistics (Rosstat), coal prices grew by 3.5%, and non-ferrous metals ores – by 2.6%.
At the same time pig iron, steel and ferroalloy prices increased by 2.4%, while of lead, zinc and tin – by 2%. (Ukrainian metal)
In January-March Russia exported 33.7 thousand tons of raw nickel valued at $444 million, down by 11.3%, but up by 20.4% YoY respectively.
In March average price was $13216 per ton FOB Russian border, down by 1.9% MoM, but up by 32.5% YoY. (Ukrainian metal)
Irshansk Mining and Processing Works has stopped all operations at its largest quarry No. 8. The company will move to another site, which will provide for almost half of the total output. While the extracting complex moves to the new site (some 3 km), the factory will be repaired. The quarry and the factory provide…Details
In April coal imports increased by 21.1% YoY, or by $42.484 million, to $243.788 million, while exports dropped by 99.7%, or by $6.636 million, to $0.019 million. According to the State Fiscal Service, Russia was the main supplier of coal ($171.08 million). In January-April coal imports grew by 30.3% YoY, or by $233.424 million, to…Details
The Cabinet of Ministers of Ukraine has provided state mines with guarantees of over 1 billion UAH on their loans and has approved the terms of the guarantees. The Cabinet has agreed to the suggestion of the Ministry of energy and coal industry to provide the state enterprise Toretskugol with state guarantees for 21.15 million…Details
Some 1 thousand employees of ArcelorMittal Kriviy Rih have had a meeting demanding their salary to be increased to EUR 1 thousand. The strikers gathered in two places – near the administration building on the enterprise territory and on the Krivorozhstal Street. They demanded the salary increase and the fulfillment of all the labor agreements…Details
The combined sales of titanium rolled products and bars by VSMPO-Avisma rose by 14% YoY, to 28,779 tons in 2017, the company said in a statement on May 23. Exports grew by 26%, to 20,588 tons, while domestic sales fell by 8%, to 8,192 tons. The U.S. and Europe accounted for most exports with 44%…Details
Kazakhstan’s national company Kazatomprom delivered the first batch of uranium to Brazil, the company’s press service said in a message. “The National Atomic Company of Kazakhstan is expanding the geography of its products supply on the world nuclear fuel market. Kazatomprom JSC won an international tender for the supply of natural uranium concentrates for the…Details
The state enterprise Ukrpromvneshexpertisa says in June deliveries of scrap to metal companies will decrease by 16.67% MoM, or by 50 thousand tons, to 250 thousand tons. “I believe in June deliveries will decrease somewhat, as the price drop starts affecting scrap procurement. Thus, deliveries to metal companies will also decrease. Another factor is the…Details
The State Service of Geology and Subsoil Use has suspended special permits to mine coal of the Mine “Rossiya” LLC and the Mine 1-3 Novogrodovskaya LLC. The basis for the suspension of the permits is the violation of two clauses of the “Ukrainian Subsoil Code”. The service has given the companies 10 days to set…Details
Vorkutaugol has received the quality certificate for the coal concentrate of a new grade – 1Zh. The company has also confirmed the quality of its other products – coal concentrate of grades K, 2Zh and GZhO. The new certificate allows the company to sell the product. “We started processing the 1Zh grade in trial mode…Details
At present salary debts to the employees of the state coalmining enterprises amount to 406.8 million UAH and are the result of the difficult economic condition of the state coal sector. “In 2018 we have seen no sufficient support from the state, thus now we have wage debts of over 400 million UAH”, Department of…Details
Azovstal has shut down its converter No. 2 for an 8-hour repair to service gas-purifying equipment.
A month ago the converter was also shut down to repair technological equipment, sensors, etc.
Within the following 4 years Azovstal intends to invest over $300 million into environment-protection projects. (Ukrainian metal)
The First Vice Prime Minister held a meeting with the management of GL Makmal Developing the day before. According to the government’s press service, the parties discussed the events that took place on April 11 in Kazarman village, Toguz-Toro district of Jalal-Abad region, where the territory of the gold processing plant was set on fire.…Details
The members of the EEC Board have decided to abolish the import customs duty rates of the Common Customs Tariff of the Eurasian Economic Union (EAEU CCT) on certain types of mineral raw materials containing precious metal or precious metal compounds, the Eurasian Economic Commission’s press service said. In particular, the decision will relate to…Details
The prices of main precious metals increased in Azerbaijan on May 23, according to the data published by the Central Bank. The cost of gold increased by 5.5165 manats, to 2197.08 manats per ounce compared to the price on May 22. The cost of silver increased by 0.1632 manats, to 28.1479 manats per ounce. The…Details
Ukrzaliznytsia has imposed temporary limitations on the foreign transportation to ArcelorMittal Kriviy Rih. The prohibition will be in effect until it is cancelled, and covers transportation of all cargo from railroads of CIS and Baltic States. Earlier AMKR experienced a railroad shop strike. Ukrzaliznytsia agreed with metal companies to coordinate actions on cargo transportation. (Ukrainian…Details
The Commercial Court of Donetsk region is reviewing the claim of Prominvestbank to Yasinovsky By-Product Coke Plant on the recovery of $41.6 million and 353.4 million UAH of the debt on the loan according to a contract concluded in 2011. The bank bases its claims on a non-fulfillment of its debt obligations by the Savi…Details
In January-April Russia increased raw and semi-raw gold, or in powder form output by 2% YoY.
According to Rosstat, in April gold output grew by 14.1% YoY.
At the same time, gold manufacture dropped by 8.3% MoM. (Ukrainian metal)
Primorsky Mining and Processing Works will prepare a new project to develop tungsten ore deposit Skrytoye in Primorye region. This the company is forced to do as the budget has found no funds to reconstruct a road, without which the previous project cannot be carried out. According to the company deputy CEO on foreign economic…Details
In 2018 StroyResourceGroup, which extracts gold in Primorye region, intends to obtain 10 kg of gold, up 10-fold YoY. In 2016 gold output was exactly 1 kg. The season for the company will start in June. At present the site is being prepared. StroyResourceGroup owns a license to the Nesterovsky site valid through May 23,…Details
The Pipe Metallurgical Company will continue supplying steel billets to the USA despite the $25 import duty. According to the company deputy CEO on strategy and corporate development Vladimir Shmatovich, TMK is trying to make the US authorities exclude its products from the list of duties. “Still, the price growth on the US market and…Details
NLMK Group, a global steel company with operations in Russia, the USA, and the EU, has launched a project to upgrade its continuous casting line (CCM-9) at its flagship Lipetsk production site. The upgrade will enable an 80% boost in the capacity of the line (to 1.8 million tons per year), and the production of…Details