ArcelorMittal Kriviy Rih has finished the pre-commissioning of the upgraded automated dispatch control system for mining and conveyor equipment. The project price amounted to over UAH 16 million. The company started using the system in 2003, and in 2009 it switched it to Tetra digital data transmission system. Nevertheless, since then, ArcelorMittal Kriviy Rih has…Details
The supervisory board of Yuzhkoks has stopped the office of the CEO Andrei Shabanov. Kirill Avramenko, the company CFO, has been elected acting CEO. The decisions were taken on May 22. The reason for such a decision is not explained. Shabanov was appointed Evraz Yuzhkoks CEO on December 18, 2017. On April 1, the supervisory…Details
Azerbaijan earned as many as $32.5 million by exporting 775.35 kg of gold in January-March. In the same period last year, the export of gold from Azerbaijan made up 726.05 kg worth $30.9 million. Thus, the export of gold in quantitative terms increased by 6.8% and the revenue went up by 5.3%. Gold production in…Details
Prices of precious metals increased in Azerbaijan on May 24 compared to the prices of May 23. The price of gold grew by 18.343 manats, to 2,182.5705 manats per ounce. The price of silver went up by 0.2394 manats, to 24.7752 manats per ounce. The price of platinum increased by 7.089 manats, to 1,364.7345 manats…Details
TUV SUD specialists have inspected Krasniy Octyabr Iron and Steel Works.
In particular, the inspectors checked the company quality and environment management systems.
The ISO 9001 and ISO 14001 certificates have been issued for 3 years, but in 2020 and 2021 the specialists will visit the plant again for an interim inspection. (Ukrainian metal)
According to the Federal Service of State Statistics, in April, industrial prices grew by 0.5% MoM, but dropped by 0.6% YtD. In metal industry, prices increased by 2.2% MoM and by 6.3% YoY, with prices in January-April up by 6.4% YoY. In particular, pig iron, steel and ferroalloys prices went up by 3.6%, copper –…Details
Sergey Fedorov has been appointed a new CEO of Beloretsk Iron and Steel Works. He has replaced Victor Kamelin, who has been serving in the office for almost 10 years. Fedorov has graduated from the Magnitogorsk Mining and Metallurgical Institute with a specialization in metal pressure treatment. In 1984-2009 he had been working at the…Details
At the public hearings ArcelorMittal Kriviy Rih has presented a report on the planned reconstruction of the wire mill No. 1 influence on the environment. The project will see two loop layers and two wire-addition systems replaced by Danieli. The capacity of the mill will not increase. In order to increase it, the company will…Details
Several of fifteen miners of the Georgian Manganese in the western town of Chiatura have sewn their mouths in protest as the company refuses to fulfill their demands regarding increased salaries. The miners went on strike on May 15, demanding a 50% increase in salaries, improved healthcare, working conditions and nutrition and banning the movement…Details
In January-March silver output in Russia decrease by 10.9% YoY, to 223.28 tons. The drop is due to the decrease of secondary silver deliveries to refining works – by 34%, to 47.93 tons. At the same time silver extraction remained almost on the previous level – 99.2 tons. Output of accompanying silver did not change…Details
In January-March, Russia produced 58.12 tons of gold, up by 12.6% YoY.
Gold extracting grew by 15.5%, to 45.95 tons.
Manufacture of accompanying gold totaled 4.32 tons, up by 21%, and of secondary gold – 7.85 tons, down by 4.9%.
The main suppliers of gold were Magadan region and the Chukotka Autonomous District. (Ukrainian metal)
According to the Federal Service of State Statistics, in January-April, Russia produced 1.5 million tons of metal structures, up by 18.1% YoY.
In April, metal structures output grew by 6.5% YoY and by 0.5% MoM. (Ukrainian metal)
In January-March, Mechel produced 930 thousand tons of steel, down by 12% YoY, but up by 3% QoQ. The manufacture of bars totaled 607 thousand tons, down by 11% YoY and by 2% QoQ, and flat rolled metal – 114 thousand tons, down by 17%, but up by 26% respectively. Bars manufacture at the rail…Details
In January-March, Mechel net profit grew 3.44-fold YoY and 7-fold QoQ, to 11.336 billion rubles. Gross profit increased 3.3-fold YoY, to 11.714 billion rubles. EBITDA dropped by 17%, to 15.322 billion rubles, though it grew by 2% QoQ. The group net debt as of March 31 was 456.585 billion rubles ad opposed to 467.704 billion…Details
In March, Turkey decreased pig iron exports by 23.4% YoY, to 235 thousand tons.
According to TUIK, money-wise imports dropped by 25.7%, to $120 million.
In particular, deliveries from Ukraine decreased by 54%, to 50 thousand tons, and from Russia by 3.57%, to 258 thousand tons. (Ukrainian metal)
President of Kazakhstan Kassym-Jomart Tokayev has visited the Aktobe Ferroalloy Plant of the Transnational Company Kazchrome JSC. The Head of State got familiar with the industrial process and the performance indicators of one of Kazakhstan’s metallurgy flagships. Besides, the People’s Oversight project, in which people with disabilities are involved in ensuring occupational health and safety…Details
The electric arc furnace No. 5 has been put into trial operation at the electric shop No. 2 of Krasniy Octyabr.
The volume of the furnace is 200 tons.
The furnace has not been operating for a year. It was shut down in May 2018 in order to assemble gas-purifying equipment. (Ukrainian metal)
Gennadiy Urbanov, director of the Inaglinskaya mine, has held some business meetings in the Czech Republic and Poland. In particular, on May 20, he had a meeting with Ferrit management. It was agreed that the company would expand its service maintenance at the Denisovskaya mine as well as supply spare parts for the monorail diesel…Details
Chelyabinsk Iron and Steel Works has produced 750 tons of rebars for the construction of a thermal and electrical power plant in Tatarstan.
The plant is being constructed in the industrial district of the Nizhnekamsk city.
Its main fuel will be Nizhnekamskneftekhim gas. (Ukrainian metal)
In January-April, Russia produced 20.4 million tons of rolled metal, up by 0.2% YoY, and 17.1 million tons of pig iron, down by 1.1%. In April output dropped by 4.9% MoM and by 4.1% YoY as well as by 3.2% MoM and by 3.5% YoY respectively. Pipe companies decreased output by 2.6% YoY in 4…Details
The output capacity of the Liskimontazhkonstruktsia pipe complex will be increased.
In particular, the company intends to increase stainless steel pipe manufacture to 11 thousand tons.
Last year the company shipped 370 tons of stainless pipes to Novatek.
The manufacturing site was officially opened in June 2017. (Ukrainian metal)
Novoorlovsky Mining ad Processing Works developing the Spokoyninskoye tungsten deposit in Zabaikalye region intends this year to increase output by 55% YoY, to 1327 tons of concentrate. Last year the company did not mine tungsten and processed ore from old tails. In particular, the GOK processed 728.6 thousand tons of ore and produced 857.7 tons…Details
Shareholders of VSMPO-Avisma decided to pay 873.42 rubles per share as dividends for 2018.
For H1 2018, shareholders received 756 rubles per share in dividends.
Thus, the total amount of dividends reached 8.7 billion rubles.
Shareholders have also discussed a strategic development program until 2026. It is intended to invest over $700 million. (Ukrainian metal)
According to Rosstat, the industrial output in April increased by 4.9% YoY after a growth of 1.2% in March. At the same time, ferrous metallurgy witnessed a drop in pig iron manufacture by 3.5% YoY, rolled metal – by 4.1%, and pipes – by 2.6%, in particular, drilling pipes – by 10.9%. Primary aluminum output…Details