The supervisory board of Interpipe NTZ has relieved the chairman of the board Yevgeniy Kopayev of his duties at his request. At present the acting chairman is Sergey Kostenko, the chief engineer of the company. Kopayev’s office ended on June 27. Kostenko has been appointed from June 28. Yevgeniy Kopayev has been the acting chairman…Details
In May global pig iron output grew by 6.09%% YoY, to 106.75 million tons. According to the World Steel Association, China is leading with 66.886 million tons, up by 8.35%. Ukraine retained the 9th position with 1.58 million tons. In May Ukrainian pig iron exports grew by 8.27% YoY, to $116.09 million, while imports decreased…Details
Employees of the state Novovolynskaya-10 mine refused to return to the surface as a sign of protest against the non-payment of wages. “The miners of the first shift remained underground. Later their colleagues of the second shift joined them. All in all there are 47 people underground now”, Mikhail Volynets, chairman of the Independent Miners…Details
The interdepartmental commission on international trade has started the antidumping investigation on the import of carbon and alloyed steel rods from Belarus and Moldova. The investigation will check information and proofs of dumping, damage and the connection between them. Rebars and wire rod manufacturer in Belarus is the Belarus Iron and Steel Works and in…Details
The Siberian department of the Federal service on ecological, technological and nuclear control (Rostechnadzor) has carried out a scheduled check of the industrial safety at 13 dangerous sites of Evraz ZSMK. During the inspection 305 violations of the industrial safety norms have been found. In particular, repairs of the main construction structures were not carried…Details
A motorman died at the Novodonetskaya mine in the city of Belozerskoye of Donetsk region. According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, the man suffered an electric shock. “July has begun with the fatal accident. On July 1 the motorman at the DTEK Novodonetskaya mine died,” he commented. (Ukrainian…Details
Sayanogorsk mayor Leonid Bykov and Sayanogorsk Aluminum Works managing director Yevgeniy Popov have signed an agreement on cooperation in 2018. Under the agreement, SAZ will provide financing for the repair of premises of the school No. 6 valued at over 55 million rubles. The repair will start shortly. The work at the operating premises will…Details
The copper-smelting shop of Uralelectromed has started assembling works at the anode furnace No. 2 casting complex. Commissioning is scheduled for the second half of July. Similar work has been carried out at the anode furnace No. 3 casting complex and has already allowed decreasing repair and maintenance costs. Previously UEM has modernized casting complexes…Details
The Central Electric Power Plant of MMK has received a new steam turbine, which will replace the existing one and provide for the increase of the plant energy efficiency. Soon the company specialists will start assembling it. The machine has been produced by Ural Turbine Works. Its service life is 40 years. The engine for…Details
The prices of main precious metals, except palladium, decreased in Azerbaijan on July 2, according to the data published by the Central Bank. The cost of gold decreased by 0.7905 manats, to 2,126.3855 manats per ounce compared to the price on June 29. The cost of silver decreased by 0.1468 manats, to 27.2361 manats per…Details
In January-June Zaporizhstal increased steel output by 7.7% YoY, to 2.038 million tons. According to the company statement, pig iron manufacture grew by 28.2%, to 2.14 million tons, and rolled metal – by 14.4%, to 1.811 million tons. In June Zaporizhstal produced 33.2 thousand tons of steel, 349.1 thousand tons of pig iron and 300.9…Details
In April, according to the customs statistics, Russia imported 35.2 thousand tons of ferrous metals scrap from Kazakhstan.
This is more than was imported in March 1.8-fold, but lower by 23% YoY.
In January-April scrap imports reached 94 thousand tons, down by 46% YoY. (Ukrainian metal)
In January-April Russia exported 281.9 thousand tons of copper valued at $1922 million, up by 16.9% and by 43.1% YoY respectively.
Primary copper accounts for 80% of deliveries.
In April the average price was $6766 per ton, up by 24% YoY.
Copper wire rod price was $6558 per ton, up by 21.6%. (Ukrainian metal)
In January-April Russia exported 44.6 thousand tons of raw nickel valued at $598 million, down by 7.2%, but up by 29.4% YoY.
This is the lowest result in the past 10 years volume-wise.
In April the average price was $13920 per ton, up by 4.3% MoM and by 50.3% YoY. (Ukrainian metal)
The construction of electricity lines for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia) will receive 638 million rubles. The current lines are very old. Last year electricity was cut 23 times. For the GOK, which is operating round the clock, this means the shut down of the manufacture. The construction…Details
Kopy Goldfields AB decided to sell rights to develop Kopylovsky project deposits. The deal estimated at $6 million is expected to be finalized in Q3. The Kopylovsky project comprises 4 deposits in Irkutsk region: Kopylovskoye, East field, as well as Pravovesenniy and Takhtykan sites. The licenses to develop the deposits are owned by Kopy Goldfields…Details
Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has handled 11 million tons of coal since the beginning of the year. The 11-millionth ton was loaded onto the Miho Pracat. The 149th vessel since the start of the year is bound for India. Last year the 11-millionth ton was loaded on…Details
Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year.
The share of Mechel in the project is 51%, and Gazprombank – 49%.
Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)
Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…Details
Eurasian Economic Committee has started an antidumping investigation on the imports of galvanized metal from Ukraine. The investigation was started on the basis of the claim from MMK, NLMK and Severstal, which accounted for 50% of rolled metal manufactured in January 2014 – December 2017. The companies claimed that in 2017 rolled metal was supplied…Details
The price of one ounce of gold decreased by 26.792 manats or by 1.26% last week. Accordingly, the average price of one ounce of gold stood at 2,135.8099 manats. The price of one ounce of silver decreased by 0.4361 manats or by 1.59%, to 27.5367 manats. Last week the price of one ounce of platinum…Details
In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…Details
In April, according to the customs statistics, Russia exported 490 thousand tons of ferrous scrap to Turkey, up by 26.5% MoM and by 33% YoY. The average price on the Russian border was $280.5 per ton, up by 5.2% MoM and by 23.2% YoY. In January-April ferrous scrap exports totaled 1.6 million tons, up by…Details
In April Russia exported 172 thousand tons of raw aluminum, down by 43% MoM and by 19% YoY. According to the customs statistics, in January-April raw aluminum exports reached 1.01 million tons valued at $1952 million, up by 9.6% and by 31.5% YoY respectively. In April the average price was $1894.6 per ton FOB, down…Details