In January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year. According to the company statement, the decrease is connected with the fall in key output.…
DetailsSteelAsia Manufacturing Corp. (the Philippines) has concluded an agreement with two Russian companies aiming at long-term cooperation with them. Under the $250 million contract Evraz will annually supply 50 thousand tons of billets to SteelAsia works in Davao City and in the Bulakan province. In Q1 the group purchased 240 thousand tons of Russian billets…
DetailsThe Oktyabrskiy mine, a part of Norilsk Nickel, has started the capital repairs of the northern part of the skip shaft No. 1. The repair will see the overhaul of 250 tons of equipment and metal structures. The previous repair was carried out in 2005. The cost of the works is 50 million rubles. The…
DetailsThe new EKG-18 excavator has started operating at the Neryugrinsky open-pit mine of Yakutugol, a part of Mechel. This is the second machine that has started operating there since the beginning of the year. The excavator has been purchased for 600 million rubles within the modernization program. The ladle volume is 18 cubic meters. The…
DetailsAccording to the minister of natural resources and ecology of the Magadan region Vladimir Mitkin, over 1.7 tons of gold and 38 tons of silver will be mined in Stednekansk district this year. “As of May 1 the district has already mined over 1150 kg of ore gold and around 11 tons of ore silver”,…
DetailsMagnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…
DetailsIn April Zlatoust Iron and Steel Works electric arc welding shop No. 2 produced 3880 tons of liquid steel with the target of 4770 tons. The decrease of output, according to the deputy manufacturing director Oleg Rodionov, has to do with the shortage of scrap in early April. Shop No. 3 was in the same…
DetailsNovolipetsk Iron and Steel Works has produced the 250-millionth ton of hot-rolled metal since its mill 2000 was put into operation in 1969. This volume equals to the weight of 39 Great Pyramids of Giza or 1500 Burj-Khalifas. The first Soviet mill of the third generation – mill 2000 – with the capacity of 5.78…
DetailsGazpromtrubinvest intends to enter the new segments of the market, where the pipes, which cannot be welded, are used. Thus the company will build a seamless pipe manufacture. A three-roll technology will be used to reach the precision of the welded products. After the construction is complete, GPTI will have a unique manufacturing complex to…
DetailsMagnesit Group has begun an active stage of a major investment project realization – the construction of the fused magnesia manufacture. The company has signed an agreement with Sinosteel, China. The construction at the Satka manufacturing site of the group in Chelyabinsk region will commence in autumn. The company will build a plant with the…
DetailsEvraz (Russia) has entered into an agreement to sell its PJSC Evraz Sukhaya Balka iron ore mining and beneficiation plant in Ukraine to a firm belonging to Oleksandr Yaroslavsky’s DCH Group for $110 million excluding the debt, Evraz said in a statement. “Berklemond Investments Ltd, a part of Oleksandr Yaroslavsky’s DCH Group, has acquired Evraz…
DetailsThe first cargo ship loaded with deficient anthracite coal arrived in Ukraine from the Republic of South Africa, the press service of Rinat Akhmetov’s DTEK wrote on Facebook. “Our first ship with South African coal arrived in Ukraine. We will shortly begin shipping the scarce anthracite to the warehouses of our thermal power plants,” the…
DetailsSince the beginning of the year the Electrocable Kolchugino Works (EKZ) shop No. 3 has produced 1.5 billion rubles worth of power cables, up by 9% YoY. The growth is explained by the massive overhaul began in 2016. “We have serious goals. In the next couple of years we plan to invest over 1 billion…
DetailsOMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…
DetailsRusal Holding has attracted the loan for pre-export financing for $1.7 billion.
According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt.
In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)
Ukraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…
DetailsNLMK Group, an international steelmaking company with operations in Russia, the USA and European Union, has taken steps to improve customer service by introducing guarantees of the decorative and protective properties of polymer coatings, which range from 10 to 35 years. The guarantee of the longevity of the polymer coating covers products manufactured at NLMK…
DetailsMetinvest Group, ArcelorMittal Kriviy Rih and Interpipe intend to take part in the Ukrzaliznytsia tender to sell 84.5 thousand tons of ferrous scrap with the initial price of 417.9 million UAH. In particular, Metinvest reported that its Metinvest-resource, the exclusive supplier of scrap to its companies, would participate in the auction. AMKR confirmed its intention…
DetailsArcelorMittal Kriviy Rih had to buy a batch of blast furnace coke from Columbia because of the material shortage in Ukraine. “In late April – early May AMKR received some 28 thousand tons of Columbian coke”, a source said. The works also received 15 thousand tons of Chinese coke. But the main coke supplier for…
DetailsThe South Osetia company Vneshtorgservice, connected by the media with Sergey Kurchenko, has since April supplied some 140 thousand tons of iron ore valued at $18 million to the metal companies on the occupied territories of Donetsk and Lugansk regions. According to the Russian Federal Customs Service, the company has started taking metal products to…
DetailsPoltava Mining and Processing Works, a part of Ferrexpo, has invested 20 million UAH in the creation of a repair service of its own railroad wagons. The repair will be carried out by the daughter company Ferrotrans. “Last October we received a license to conduct repairs of our own wagons. We’ve been moving towards this…
DetailsRosneft has chosen the winners of its pipe purchase tender started in December 2016. The initial price of 180 billion rubles dropped by 31.3%, to 123.9 billion rubles. TMK and Gazpromtrubinvest won the largest lots. The pipes will be supplied for the development of deposits. In late April Rosneft announced another tender for the purchase…
DetailsThe Kola Iron and Steel Works, a part of Nornickel, has put a new ball mill into operation at its processing factory. The mill produced at Tyazhmash costs 48 million rubles. The machinery was purchased to replace the outdated equipment and improve quality. The mill at the factory will be used for the first time.…
DetailsThe analytical center of the government held a discussion of the problems of stainless steel manufacture and sales in Russia. The event was attended by the representatives of the ministry of economic development, the Russian Union of Metal Suppliers, the Pipe Industry Development Fund, the National Association of automobile Parts Manufacturers, MMK, Severstal, TMK, etc.…
DetailsIn April Ukraine produced 5.978 million tons of iron ore, down by 323.8 thousand tons, or by 5.1% MoM. The average daily output of concentrate and sinter ore in April was 155.9 thousand tons, up by 2 thousand tons MoM, that of sinter and pellets dropped from 49.4 thousand tons to 43.4 thousand tons. In…
DetailsThe annual volume of Ukrainian market of metal structures is estimated at over 6 billion UAH. “The market is represented by some 830 enterprises. Annually they provide the construction industry with 6 billion UAH worth of products, generating 2.5 billion UAH of added value and employing 21 thousand people”, the vice prime minister, minister of…
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