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The Federal Agency on technical regulation and metrology (Rosstandart) has approved of a new GOST 21631-2019 “Sheets of aluminum and aluminum alloys. Technical specifications”. The standard will replace the outdated GOST 21631-76 and will come into effect from June 1, 2020. The standard covers sheets of ordinary and special usage. (Ukrainian metal)
DetailsLast week the price of one ounce of gold decreased by 19.1 manats ($11.2) or by 0.8%. The average price of one ounce of gold stood at 2,478 manats ($1,457). The price of one ounce of silver dropped by 0.173 manats ($0.1) or by 0.6%, to 28.8 manats ($16.9). The price of one ounce of…
DetailsPrime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev has met with Centerra Gold Inc. President Scott Perry, the Information Support Department of the Government’s Office of the Kyrgyz Republic has reported. During the meeting, the parties discussed issues of the work of Centerra Gold Inc. and Kumtor, taking into account the entry into force of a strategic…
DetailsIn September Russia imported 107.3 tons of raw tin, down by 24% MoM, but up by 76% YoY. Deliveries from Bolivia and Peru grew by 15%, to 40.6 and 25 tons respectively. At the same time imports from Belgium dropped from 60 to 40 tons. In 9 months imports totaled 846 tons, down by 4%…
DetailsNLMK and Zagorsky Pipe Works decided to take part in the Black Friday. They offered buying their rebars with a discount of some 1 thousand rubles per ton and 530-1420 mm diameter pipes with a discount of 10-15%. The cost of rebars is 32-35 thousand rubles per ton, and of pipes – over 70 thousand…
DetailsIn January-October Ukrainian metal companies received $1.7 billion of direct foreign investments, up by 7.6% YoY. According to the State Statistics Service, the share of metal companies in the total DFI amount grew from 5.1% to 5.2%. FDI in mining increased by 15.2%, to $2.01 billion. (Ukrainian metal)
DetailsAzovstal has finished repairing assembly hall in the large-section rolling shop. The walls have been insulated, while ceiling and floor have been repaired. Moreover, this year the company has improved material conditions in the pelletizing, rail and beam and repair shops. This year some 218 objects for 15.4 thousand employees have been improved. (Ukrainian metal)
DetailsIn January-September Metalloinvest received $1.484 billion of net profit, up by 19.2% YoY. EBITDA dropped by 3.1%, to $2.115 billion, and revenue – by 0.3%, to $5.328 billion. The share of high added value products in sales grew from 72% last year to 73%, with sales up by 2.7%. In Q3 Metalloinvest net profit increased…
DetailsArcelorMittal Kriviy Rih has received a right to continue extracting ore in the mine named after Artem, as the legislative collisions have been removed. AMKR received the initial right to operate at the mine in 2007. The license was granted for two sites. In 2014 operation at one of them was suspended. In 2015-2016 the…
DetailsShareholders of Marganets Mining and Processing Works could spend 9% of the net profit for 2018 in the amount of 163.2 million UAH to pay dividends. The decision will be taken at the next meeting scheduled for January 16, 2020. One of the suggestions is to transfer 5% of the profit (8.16 million UAH) to…
DetailsIn October Uralskaya Kuznitsa produced a record number of locomotive axles. In 10 months over 12 thousand axles were sold. “We have exceeded the record of 2013. That year we produced 11.2 thousand locomotive axles. But now, in just 10 months we have manufactured more axles. That’s the largest output in our history”, the company…
DetailsIn 2017-2019 Rusal invested some 2.6 billion rubles in modernization of Bogoslovsky Aluminum Works and Bogoslovskaya Thermoelectric Plant. In particular, the company has finished the project to modernize alumina manufacture, resulting in the output increase by 55 thousand tons with a considerable drop in prime cost. The thermoelectric plant sees its main machinery repaired. (Ukrainian…
DetailsIn September Russia exported 10.8 thousand tons of flat aluminum, down by 4% MoM, but up by 13% YoY. Deliveries to Poland dropped by 28%, to 3.2 thousand tons, but to Finland and Ukraine grew by a third, to 1.5 thousand tons and 802 tons respectively. In 9 months exports totaled 93 thousand tons, up…
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