The prices of the main precious metals except for silver decreased in Azerbaijan on June 8, according to the data published by the Central Bank. The cost of gold decreased by 1.0625 manats, to 2204.2625 manats per ounce compared to the price on June 7. The cost of silver increased by 0.0546 manats, to 28.3913…
DetailsIn May Russia exported 98.6 thousand tons of ferrous scrap to Belarus via railroad, down by 16.5% both MoM and YoY.
In April the results were +4.6% and -16%, and in March +27.8% and +26.4% respectively.
In January-May Russia exported 498.5 thousand tons of scrap to Belarus, down by 4.4% YoY. (Ukrainian metal)
In January-March Kimkano-Sutarsky Mining and Processing Works produced 510 thousand tons of iron ore concentrate. In particular, 140 thousand tons were produced in January, and 170 thousand tons – in February. In March concentrate output exceeded 200 thousand tons. By the end of the year the company intends to reach the project capacity of 3.2…
DetailsYellow cake, or ammonium polyuranite, is the end product of enterprises, which mine uranium by ways of in-situ recovery – Dalur and Khiagda. The only drawback of this technique is the high moisture of the product (up to 30%). Later the yellow cake is processed into the triuranium octoxide with the minimum moisture. Priargunsky Manufacturing…
DetailsIn January-May Ukraine increased coal imports by 42.9% YoY, to 9.246 million tons. According to the State Fiscal Service, the value of the coal imported was $1.248 billion, up by 20.6% YoY. Russia supplied $826.656 million worth of coal (66.19%), USA – $343.63 million (27.51%), Canada – $48.365 million (3,87%), and other countries – $30.262…
DetailsAs of June 5, the total salary debts to miners for two months have reached 1 billion UAH. Salary debts at state mines total 400 million UAH, according to the Ministry of energy and coal industry, but in reality the sum is almost 1 billion UAH, as the ministry does not take into account 500…
DetailsIn May Kosaya Gora Iron and Steel Works was producing ferromanganese in two blast furnaces.
The output totaled 13 thousand tons. The growth allowed replenishing stocks and increasing sales.
In particular, in May KMZ sold 6.7 thousand tons of ferromanganese, up by 36% MoM. (Ukrainian metal)
Novocherkassk Electrode Works has loaded the first batch of graphitized electrodes into a new roasting furnace. The machine can produce electrodes with the diameter of 610, 650 and 710 mm. The capacity of the furnace is over 1 thousand tons of electrodes per month. The company is carrying out a modernization program, reconstructing all of…
DetailsIn May Severstal – Bar Works Balakovo produced 74.5 thousand tons of metal. Since its commissioning in 2014 the company has been constantly increasing its product range. “The increase in output is due to the growth of production at the rolling mill. The works combines three rolling mills in one. We produce sections, and rebars…
DetailsRussian metals producer Mechel has prolonged its coal supply agreement to Japan’s JFE Steel for three years, until June 2021, the company said in a statement on June 7. Mechel will ship up to 1.5 million tons of coking coal concentrate produced by Mechel’s affiliate Yakutugol and PCI coal of Yuzhny Kuzbass to JFE Steel…
DetailsThe prices of main precious metals increased in Azerbaijan on June 7, according to the data published by the Central Bank. The cost of gold increased by 0.6545 manats, to 2,205.325 manats per ounce compared to the price on June 6. The cost of silver increased by 0.2545 manats, to 28.3367 manats per ounce. The…
DetailsThe increase of the export duty for ferrous scrap from 30 euros per ton to 42 euros will not directly affect Ukrainian obligations under the Association agreement with EU. According to the vice-prime minister on European and Euroatlantic integration Ivanna Klympush-Tsintsadze, exporters of scrap to EU paid the duty of 7.5 euros per ton and…
DetailsIn May Ukraine produced 1.58 million tons of pig iron, down by 4% MoM. Steel smelting dropped by 2%, to 1.695 million tons, while rolled metal manufacture grew by 3%, to 1.55 million tons. The decrease in pig iron and steel production is the result of ArcelorMittal Kriviy Rih blast furnace No. 9 repair. Pig…
DetailsIn January-May Ukraine exported 251 thousand tons of scrap, up 2.5-fold YoY, valued at $83.5 million, up 3.9-fold. According to the State Fiscal Service, in May 34.54 thousand tons of scrap were exported, in April – 76.331 thousand tons, in March – 53.67 thousand tons, in February – 52.63 thousand tons and in January- 33.814…
DetailsThe property of the Troitsk Iron and Steel Works LLC, which had to be used to produce metallic manganese, has been put up for sale. The price of the enterprise is 1 billion rubles. The total size of the manufacturing site is 18 ha. The plans to produce manganese included the manufacture of 33 thousand…
DetailsWithin investment projects Karelsky Okatysh is automating the concentrate-processing sections and assembling iron-content analyzers. Each part of the section will have the maximum number of measuring devices. Now the equipment is assembled in one pilot section, after that it will be assembled in 11 more. All of the 12 sections will also have iron-content analyzers.…
DetailsOsinnikovskya mine of Raspadskaya Coal Company has put into operation a new long face with the reserves of 2.2 million tons of coal. Average coal output at the long face is expected at 180 thousand tons. The reserves of the long face will be enough for a year. After the coal is processed at the…
DetailsMagnitogorsk Iron and Steel Works (MMK) has published a video titled “MMK – Caring About the Future” describing its environmental efforts. The six-minute video presents the results of MMK’s environmental activities in the past few years in a clear and simple way, and outlines the company’s mid-term environmental plans. The video summarizes an enormous amount…
DetailsMetinvest, the vertically integrated group of steel and mining companies, is pleased to note the inclusion of two of its bond issues in the JPMorgan Corporate Emerging Markets Bond Index series (CEMBI), a global benchmark tracking US-dollar denominated debt issued by emerging market corporations. The bonds were issued on April 23 following the successful completion…
DetailsThe minister of energy and coal industry Igor Nasalik has blamed the acting director of the state enterprise Selidovugol Sergey Pakhomov for the bad conditions of the mines and the inability to manage the enterprise. According to the minister, out of 60 million UAH provided in January to develop mines, only 12 million have been…
DetailsMiners of the site No. 2 of the Belozerskaya mine set a new record, having extracted 105.352 thousand tons of coal from one long face in May. This is the DTEK Dobropolyeugol best result in its history. The average daily output was 3512 tons. DTEK has invested 193.5 million UAH in the long face. (Ukrainian…
DetailsThe Northeastern manufacturing and geological enterprise (a part of the state holding Rosgeologia) has started bringing cargo and machinery to the Kremovaya site in Chukotka. There the enterprise is prospecting for gold. The corresponding contract with the department of subsoil use was concluded last year. The geologists must find gold-silver ore objects within the territory.…
DetailsIn May the Northern Railroads transported 5.114 million tons of cargo, up by 3.1% YoY.
In particular, ferrous metals transportation increased by 2.6%, to 3.9 million tons.
Scrap transportation dropped by 4%, to 0.3 million tons, while that of coal decreased by 26%, to 1.3 million tons. (Ukrainian metal)
Beloretsk Iron and Steel Works has presented a project on the acid-free wire manufacture. The company has shut down the etching department of its wire shop, reconstructed the drawing mills and put into operation new water purifying machinery. Instead of the etching lines, two foreign descaling lines have been commissioned. All this allowed the company…
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