Neryungry-Metallik LLC, a part of Nordgold, will invest 400 million rubles in the purchase of new mining and transport machinery in 2017. The company has already put a powerful Komatsu PC-300 excavator in operation with the ladle volume of 15 cubic meters. After repairs a CAT 993 loader was put in operation. There are currently…
DetailsIn January-September TMK sold 2.56 million tons of pipes, up by 10.3% YoY.
According to the company report, in particular, it sold almost 2 million tons of seamless pipes, up by 13.1% YoY, and 625 thousand tons of welded pipes, up by 4.1% YoY. (Ukrainian metal)
In July-September TMK sold 1.013 million tons of steel pipes, up by 5% QoQ. Sales of seamless pipes dropped by 5.3%, to 651 thousand tons because of the scheduled repairs. OCTG pipes sales remained on the level of the previous quarter. Welded pipes deliveries increased by 30.7% QoQ, to 362 thousand tons mostly because of…
DetailsRepresentatives of the Belarus Universal Trade Exchange have visited one of the largest non-ferrous metals warehouses in Russia – in the city of Podolsk – and negotiated trade with the Galaktika Company. At present the company is one of the most successful trading enterprises in Russia dealing with wholesale of non-ferrous metals. The total size…
DetailsIn January-September Ukrainian metal companies received 2.4 million tons of scrap, up by 6% YoY, but still 89% of their need. In September scrap deliveries increased by 20 thousand tons MoM, to 290 thousand tons, or 89% of the need. Scrap exports in September dropped by 20 thousand tons MoM, to 50 thousand tons. In…
DetailsIn September Ukrainian metal companies consumed 135 million cubic meters of gas, down by 5 million cubic meters MoM. Average daily gas consumption stayed at the level of 4.5 million cubic meters. In January-September gas consumption increased by 3% YoY, to 1.3 billion cubic meters. Average daily gas consumption totaled 4.7 million cubic meters against…
DetailsUkrmetallurgprom believes that this year steel output will fall by 12% YoY, to 21 million tons. Pig iron and rolled metal manufacture will drop by 14%, to 20 million tons and 18 million tons respectively. “In comparison with the year 2007 pig iron output decreased by 15 million tons (by 43%), steel – by 21…
DetailsThe minister of ecology Ostap Semeral believes that the current size of the environment tax is nothing for major companies that sell metal at world prices. Thus, the environment tax size should be considerably increased. The lowest rates are in Mexico and Poland – 1 euro per ton, but in Ukraine they are 100 times…
DetailsIn January-September Russia produced 38.8 million tons of pig iron, down by 0.2% YoY. According to the Federal Service of State Statistics, in September output increased by 4.9% YoY, but dropped by 1.4% MoM. Rolled metal manufacture in 9 months went up by 1.4%, to 45.5 million tons. In September output grew by 1.6% YoY,…
DetailsIn January-September Petropavlovsk Plc produced 336.4 thousand ounces of gold at its 4 mines in Priamuriye, up by 12.8% YoY (298.1 thousand ounces). The Pioneer mine yielded 131.8 thousand ounces, up by 25% YoY, Albyn mine – 138 thousand ounces, up by 10.3%, and Malomyr mine demonstrated the growth of 9.5%. At the same time,…
DetailsZagorsky Pipe Works has won the right to conclude a long-term contract for the delivery of pipe products for the new nuclear power plant in Leningrad region. Within a year ZTZ will supply over 5 thousand meters of insulated pipes with the diameter of 1220 mm and the wall thickness of 12 mm. This is…
DetailsKarabashmed has repaired the chemical-metallurgical complex. In addition to repairing machinery in the metallurgical, sulfur acid and power shops, the company has also assembled two new Kumera converters. Since 2004 Russian Copper Company has invested over 18 billion rubles in the modernization and environment safety improvement of Karabashmed. In 2018, 2 billion rubles more will…
DetailsSergey Belan, the ex-director of Moskoks, a part of Mechel, has been appointed the managing director of Yakutugol, also a part of Mechel. The previous managing director Igor Khafizov was in August appointed director of Mechel-Mining in the Republic of Sakha (Yakutia). Pavel Stark, Mechel-Mining LLC CEO, said: “The new managing director of Yakutugol Sergey…
DetailsIn 2018 the Atmosphera mobile environment laboratory will be working on weekends and holidays and will increase its route. According to the city council people’s deputy and the chairman of the social protection, health protection and ecology commission Maxim Borodin, Mariupol Ilyich Iron and Steel Works and Azovstal have considerably decreased their buffer zones, thus…
DetailsIn January-September Severstal received $792 million of net profits, down by 39.4% YoY. EBITDA grew by 31.8%, to $1.823 billion, revenue – by 32.9%, to $5.67 billion. In Q3 net profits increased 2.2-fold QoQ, to $297 million. EBITDA dropped by 2.1%, to $616 million, revenue grew by 2.1%, to $1.972 billion. As of September 30,…
DetailsThe board of directors of Russian steelmaker Severstal has recommended paying 35.61 rubles per share, or 29.83 billion rubles, in dividends for July-September, the company said in a statement on October 17. The shareholders will discuss the recommendation at an extraordinary general meeting on November 24. The register for the meeting closes on October 30.…
DetailsPJSC Magnitogorsk Iron and Steel Works and Foundation for development of the New Technologies Development and Commercialization Center at the Skolkovo Foundation have signed an agreement to establish the MMK Research Center at Skolkovo. The agreement was signed by MMK CEO Pavel Shilyaev and President of the Skolkovo Foundation Victor Vekselberg. MMK plans to invest…
DetailsIn 2018 Pobuzhye FerronickelPlant intends to use some 110 million UAH of investments. “The invest program for the next year is being prepared and will be approved in late October. But we expect its amount on the level not less, than this year”, the company CEO Oleg Bespaly said. According to him, this year the…
DetailsIn January-August Russia exported 27.322 million tons of ferrous metals, down by 4.65% YoY. Far foreign countries imported 23.3 million tons. Exports of ferrous metals without pig iron, ferroalloys, wastes and scrap totaled 19.062 million tons, down by 1.47% YoY. Far foreign countries imported 16.148 million tons. Carbon steel semi-finished products exports reached 9.374 million…
DetailsIn January-September Kapan Mining and Processing Works processed 389 thousand tons of ore. In Q3 ore processing totaled 149 thousand tons against 112 thousand tons in Q3 2016. Gold contents in 1 ton of ore in Q3 were 2 g, down by 15% YoY, silver contents – 35 g (-27%), copper – 0.27% (-14%), and…
DetailsPolymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…
DetailsSeverstal is increasing the rolled metal storage capacities at the industrial port of Cherepovets Iron and Steel Works by one third. The new hangar (135 x 24 x 14 m) will be made of metal frame weighing over 90 tons, over which an awing cover with double sided PVC coating will be put. With the…
DetailsIn September Coal Energy S. A. (Luxembourg) with assets in Ukraine decreased coal output by 77.8%, or by 33.779 thousand tons YoY, to 9.628 thousand tons. At the same time output dropped by 6.9% MoM, or by 716 tons. Coal Energy has 10 coalmines, as well as processing assets. The company business has been seriously…
DetailsIn January-September Pobuzhye Ferronickel Plant processed 946.5 thousand tons of ore, down by 14% YoY. According to the company CEO Oleg Bespaly, ferronickel output decreased by 12.8% YoY, to 54.1 thousand tons, or 11.5 thousand tons of raw nickel, down by 18.1%. The output decrease has to do with a major repair campaign. In particular,…
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