The imposition of EU duties on hot-rolled metal will not affect Magnitogorsk Iron and Steel Works. “At present a minimum price of 473 euro per ton is being discussed. If the price is higher, the duty will not be imposed. This price is ok for us. We’re trading at much higher prices, so the duty…Details
In July the scrap redemption centers increased prices to the highest level in the last 3 years on the background of the world metal prices growth. The most popular metal – 4 mm thick sheet – in just a month increased in price by 26%, to 170 euro per ton, while sheet with the thickness…Details
VSMPO-Avisma is carrying out repairs of the etching rooms in press, pipe and bar-rolling shops. The cost of the project is estimated at 40 million rubles. Additional equipment is assembled in the shop No. 3 with 2 etching rooms. The rooms will have a system to measure harmful gases in the air. When the tolerance…Details
Metalloinvest has partially paid back the tranche B of the pre-export loan PXF-2017 in advance. According to the company statement, the amount of pay back is $100 million. In 2017 the company signed an agreement with a pool of banks on a $1.05-billion loan with the possibility to increase the limit by $450. PXF-2017 consists…Details
According to the energy expert Andrey Gerus, in June and July miners were not paid salary. “And that’s in the country where in the tariffs the coal price is the highest in the world – Rotterdam+”, he said. He has asked the Ministry of energy and coal industry and trade unions if they are not…Details
In January-July Mariupol Ilyich Iron and Steel Works produced 1.568 million tons of rolled metal, up by 5.7% YoY. Steel output increased by 4.3%, to 1.76 million tons, pig iron – by 2.4%, to 2.262 million tons. In July the company produced 242 thousand tons of rolled metal, 272 thousand tons of steel and 400…Details
In January-June KAZ Minerals produced 118 thousand tons of copper, up by 110% YoY.
Bozshakol and Aktogay yielded the most to the result.
According to forecasts, copper output at Bozshakol in 2017 will double to 95-110 thousand tons, at Aktogay it is expected to increase to 65-85 thousand tons. (Ukrainian metal)
In January-July Amur region obtained 14.4 tons of gold, up by 24% YoY. Ore gold yielded the most – 10.79 tons, with alluvial gold at 3.61 tons, up by 28% and by 14% YoY respectively. The Petropavlovsk Group of Companies is the leader in ore gold. As to alluvial gold, Priisk Solovievsky has so far…Details
The refining department of the chemical-metallurgical shop of Uralelectromed has put into operation a new induction unit to smelt gold into ingots. The cost of the machine is 2.8 million rubles. The Parallel IPT-25-10 unit has been designed at the customer order within the program of outdated machinery modernization and replacement. It can produce 2…Details
Chelyabinsk Iron and Steel Works has received the certificate of compliance with TSI for two of its types of rails. The certification is one of the main conditions to supply rails to the European Union. The certificate covers 60E1 and 60E2 rail sections. These products are in demand in the EU where they are widely…Details
The growing prices on the world market and the weakening of the ruble will be the main reasons for the increase of the metal products price on local market in September. MMK has already informed many of its customers of the price increase in September – by 10-18% on rolled metal, including coated. The seasonal…Details
In January-June the share of metal and metal wares in the total export volumes to the far foreign countries reached 9.9% from 9.8% in H1 2016. The value of the exports increased by 30.8%, while their volume dropped by 3.9%. According to the Federal Customs Service, pig iron exports fell by 15.5%, aluminum – by…Details
The second largest nickel manufacturer in Russia – Ufaleinickel – will stop operating. On August 7 the company shareholders voted for the liquidation of the enterprise. According to Ufaleinickel representative Olga Markina, the process will be long. The board of directors is still looking for investors, but so far there have been no agreements. As…Details
Lisichanskugol miners have received the promised salary. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, a meeting took place between Lisichanskugol management and the miners on August 7. The managers promised to find money to clear salary debts (100% of June and April, as well as 80% for July). The…Details
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, plans to start gold production at the Ugur field in the fourth quarter of 2017. The Ugur deposit, which was discovered in 2016, is located three kilometers to the north-west of the company’s main fields. The construction of roads to connect…Details
On August 7 Lvivugol received 14 million UAH for the coal it sold.
According to the department of the fuel-energy complex of the Lviv regional state administration, all the money was spent to pay salary to the miners. (Ukrainian metal)
Ukrainian steelmakers in January-July exported ferrous metals worth $4.749 billion, with their share in the country’s exports at 19.91%, according to the State Fiscal Service (SFS). Exports of metal wares totaled $476.9 million, accounting for 2% of the country’s total exports, the SFS said. Ukraine shipped abroad ferrous metals worth $667.7 million in July alone,…Details
Vyksa Iron and Steel Works has become a winner in the Russian Railroads competition.
VMZ won in the nomination “Components for the rolling stock and the infrastructure” with railroad wheels made of T-grade steel. The wheels have been developed by VMZ within the cooperation program with the Russian Railroads on quality improvement. (Ukrainian metal)
Energomashspetsstal has shipped a large hammer frame to LASCO Umformtechnick GmbH. The frame with the weight of 61 tons is a part of press-forge machinery. This is not the first hammer frame produced by EMSS for LASCO. So far 14 hammer frames have been shipped to the German customer. The companies have been cooperating for…Details
UGMK-Holding and CINF (China) have carried out the fourth round of negotiations on designing and construction of a new zinc electrolysis shop at Electrozinc in the city of Vladikavkaz, which will produce 96 thousand tons of zinc and zinc-aluminum alloy per year. This year Electrozinc will finish the project and design work on construction. “We…Details
Karelsky Okatysh has put a new 20-cubic meters EKG-20KM excavator into operation. According to the company statement, the machine will work at the central quarry. It will replace the CAT-6060, the operation of which has been suspended because of the high expenses. The new excavator will dig some 4 million cubic meters of rock per…Details
In January-July DTEK Energo produced 13.4 million tons of gas coal, up by 15.6% YoY. According to the company statement, at present thermal power plants using gas coal operate at the maximum loading. They produce more electricity, increasing fuel consumption. To satisfy the gas coal demand DTEK Energy in 2017 increased investments in mining 1.5-fold,…Details
Naftogaz Ukrainy has asked the Commercial court of Donetsk region to open a case on the bankruptcy of Energomashspetsstal. The suit was filed on August 3 by the Naftogaz daughter company – Gaz Ukrainy. As of August 1 EMSS is the fourth largest debtor of Naftogaz as to gas among industrial consumers with its debt…Details
The shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will open a credit line valued at $500 million at LIBOR for 3-months deposits +4% with the maturity date of September 30, 2021.…Details
In January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…Details
Since the gold season started and as of August 1, Rosszoloto LLC has obtained 193 kg of alluvial gold, up by 27% YoY. As of August 1, 2016 the company obtained 152 kg of gold. The increase in output was the result of putting 3 new sites into operation: Sardangro, Malaya Tynda and Otradny. The…Details