In August Russia imported 280 tons of molybdenum ore and concentrate, up by 152% MoM, but down by 15.5% YoY. Deliveries from the USA grew almost 2-fold, to 80 tons, and from the Netherlands – 3-fold, to 190 tons. In 8 months imports totaled 2 thousand tons, down by 14.7% YoY. In monetary terms since…Details
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The gold output of the gold mining company Nordgold, controlled by the Russian businessman Alexei Mordashov, rose by 12% QoQ, to 288,900 ounces in July-September, the company said in a statement on November 13. The average price of gold sales increased by 12%, to $1,474 per ounce in the period. In January-September the company’s gold…Details
Glavgosexpertiza (Russia’s Main Department of State Expertise) experts have considered and approved the design documentation and engineering survey findings under the project on construction of a port on the Yuzhniy Island of the Novaya Zemlya Archipelago (Arkhangelsk region) as infrastructure of Pavlovskoye Lead and Zinc Deposit. Pavlovskoye Lead and Zinc Deposit discovered in late 1990s…Details
Pipe Metal Company and Prommashkomplekt LLC, manufacturer of products for railroad, have signed an agreement on the delivery of continuous cast pipe billets. The document was signed by TMK deputy CEO Sergey Marchenko and Prommashkomplekt commercial director Dmitriy Karakulov. According to the contract, TMK will annually supply Prommashkomplekt with up to 65 thousand tons of…Details
In October Energomashspetsstal shipped 600 tons of metal products to ArcelorMittal enterprises. Large batches of rolls have been sent to iron and steel works in Germany, Belgium, France, Italy, Spain and Kazakhstan. In particular, 10 supporting rolls for hot- and cold-rolling mills have been supplied to AМ Bremen, AМ Espana, AМ Eisenhuttenstadt, AМ Italia, AM…Details
In January-October the East-Siberian Railroad transported 287.1 thousand containers (TEU), up by 13.6% YoY. Domestic transportation accounted for 69 thousand containers, up by 5%, transit – 17.3 thousand, down by 18.4%, exports – 156.7 thousand, up by 8%, and imports – 44 thousand containers, up by 113.7%. In particular transportation of non-ferrous metals grew by…Details
In October Zabaikalye Railroad in Amur region transported 464.3 thousand tons of cargo, down by 7.2% YoY. In 10 months transportation dropped by 10.1%, to 4.2 million tons. In particular, the railroad transported 2.2 million tons of coal, down by 8%, and 62.6 thousand tons of scrap, down by 11%. At the same time the…Details
This year MMK intends to increase sales on domestic market by 5% YoY, to 8.1 million tons. Despite the drop of prices, the Russian market has demonstrated a better price dynamics compared with foreign markets. “Due to the dynamic demand growth and drop of imports, the balance of demand and supply has improved on the…Details
Metalloinvest and the Pipe Metallurgical Company have concluded an agreement on the delivery of hot-briquetted iron and rolled sheets (strips). In particular, the parties have agreed that in 2020 Metalloinvest will supply TMK with some 240 thousand tons of HBI manufactured by Lebedinsky GOK. The second contract presupposes the delivery of around 75 thousand tons…Details
At the Gornaya mine in Lugansk region the miners have decided not to return to the surface after their shift. Thus they have held a protest underground against not receiving salary. The chairman of the Lugansk civilian-military administration Sergey Gayday has promised to pay the salary until November 15. But the miners no longer believe…Details
In January-October Ukraine exported 6 million tons of semi-finished steel products valued at $2.51 billion, up by 13.5%, but down by 2% YoY respectively. The share of semi-finished products in the export structure remained at 6%. The main customers were Italy (32%), Egypt (14%) and Turkey (7%). (Ukrainian metal)Details
In July-October Kazakh coalmining companies intended to supply 775.8 thousand tons of coal to Ukraine via Russia, but the Russian Ministry of Economic Development approved only of 320.1 thousand tons. According to the Association of Mining and Metal Enterprises deputy chairman Maksim Kononov, the country railways and budget were damaged by these limitations. He noted,…Details
Following successful restructuring of its debts Interpipe will strengthen its investment program for 2020-2022 with $136 million. “Restructuring has finished as planned. We have been able to agree with our creditors. The issue has been settled. Now we have a reinforced investment program – $136 million for three years”, the company CFO Denis Morozov declared.…Details