Bratsk Aluminum Works has successfully passed an audit for the correspondence to the ship classification requirements (DNV-GL-RU-SHIP) and has received a certificate for the alloys used in shipbuilding. The audit has been carried out at the request of the Kamensk-Uralsky Iron and Steel Works (KUMZ), which manufactures and supplies products to the shipbuilding plants. As…Details
The net profit of the Russian metals giant Norilsk Nickel rose by 44% YoY, to $3.059 billion in 2018, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 28%, to $11.67 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 56%, to $6.231 billion. The EBITDA margin rose to 53%…Details
Russian metals giant Norilsk Nickel expects an 800,000-ounce palladium deficit in 2019, as demand will outstrip supply, the company said. The price of palladium has been hitting historic highs recently due to low supply and high demand from auto producers that strive to meet strict environmental norms. This year palladium is becoming a preferable metal…Details
According to Worldsteel, steel output in January totaled 146.7 million tons, up by 1% YoY. China produced the most steel as usual – 75.01 million tons, up by 4.35%. Chinese share in the world output is 51.1%. Ukraine is still on the 13th place, having produced 1.85 million tons of steel, down by 4.9% YoY.…Details
In January Ferrexpo exported 939.7 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 750.7 thousand tons and Yeristovo GOK – 189 thousand tons. Metalloinvest (Russia) exported 435.6 thousand tons of pellets (Mikhailovsky GOK – 364.2 thousand tons and Lebedinsky GOK – 71.4 thousand tons). Metinvest exported 369.3 thousand tons of pellets (Central…Details
ArcelorMittal Kriviy Rih will increase funding to purchase personal protective equipment (PPE) for its employees: from 81.7 million UAH in 2018 to 96.3 million UAH in 2019. A part of PPE has already arrived at the enterprise. There are new products in addition to traditional PPE – heavy-duty clothes and shoes with steel caps, earplugs,…Details
In January Ukraine exported $287.21 million worth of flat rolled metal, up by 33.9% YoY.
According to the State Fiscal Service, imports dropped by 6.3%, to $46.2 million.
Compared with December 2018 exports grew by 19.5%, while imports fell by 7.1%.
The largest deliveries were made to Poland ($24.719 million). (Ukrainian metal)
The Russian president Vladimir Putin has ordered the government to develop suggestions on the upgrading of the scrap sphere. The suggestions should touch the rules of scrap procurement and sales, including using digital platforms. The suggestions should be ready by May 31. The Russian scrap market is estimated at 1 trillion rubles per year. (Ukrainian…Details
In 2018 Severstal Distribution transported 2 million tons of rolled metal, up by 70% YoY. 95% of cargo was transported by sea and river transport, as well as automobiles. Water transportation volumes doubled: to Russia 100 thousand tons were supplied, and to the European markets – 1 million tons. Automobile transportation increased by 30%, to…Details
In 2018 Sibcable manufactured products valued at 11 billion rubles, up by 11-12% from the plan. “We had a successful year. Though the plans were ambitious, all the goals were reached. We developed some 17 new structures of cable wares. We’re currently looking for and developing new materials”, the company director Alexei Zhuzhin said. One…Details
The owners of the manufacturing company DIA and the pipe works Profil-Akras decided to merge companies into the United company Akras DIA. The first products are expected to be produced from April 1. The new company will honor agreements of the previous two companies. At the same time, only steel pipes manufacture will be merged.…Details
The Ministry of Industry and Trade and the Federal Antimonopoly Service with the participation of metal companies have developed a new standard for the purchase of large diameter pipes. The price is calculated according to a formula stipulated in the contract. Gazprom is prohibited from buying more than 15% of pipes under short-term contracts. The…Details
Chelyabinsk Zinc Works has put into operation new machinery in the hydrometallurgical shop. The machine is used to filtrate flotation products and zinc cake underflow. The filter-press was supplied by Fraccaroli & Balzan, Italy. The hydrometallurgical shop now operates 11 filter-presses. The capacity of the new machine is 40 dry metric tons of cake per…Details
Zaporizhstal has already settled 60% of its environment issues. “In 6 years, having invested 10.6 billion UAH in modernization, we have completed major environment projects – assembled new exhaust systems at the sintering machine and blast furnaces, as well as constructed and commissioned a new rolling line”, the company capital construction and investments director Alexei…Details
Dneprometiz has put into operation a fine drawing mill. The machine is made by Mario Frigerio S.p.A, Italy. The mill will produce steel wire without coating with the diameter of 0.75-1 mm. Taking into account the new machine the company capacity in manufacture of fine wire and fiber will grow by 200 tons per month.…Details
Evraz KGOK has improved the efficiency of dust exhaust system. This allowed decreasing dust level at the premises and air pollution. In 2018 Evraz KGOK repaired 18 dust exhaust systems in the crushing and processing shops, as well as the agglomeration factory. 2 more systems have been modernized. The company spent over 70 million rubles…Details
The state enterprise Ukrpromvneshekspertisa forecasts that in March ferrous scrap prices will grow by 3-12.5% MoM, to $315-340 per ton. The price could grow following the increase in price of rolled metal. At the same time, in April the experts expect a drop of export quotations because of the decrease in demand and the seasonal…Details
The state enterprise Ukrpromvneshekspertisa forecasts that in March ferrous scrap deliveries to metal companies will grow by 50% MoM, to 210 thousand tons. In February deliveries will be insignificant due to the low procurement level. At the same time in March and April deliveries will grow because of the expected increase in price and better…Details
The state enterprise Electrotyazhmash Works has concluded three agreements with Yugcable on the delivery of wire products valued at 363.35 million UAH. This year the company will supply 1193 tons of various copper wire and cable at the average price of 304 UAH per 1 kg. Specifications have not been revealed, thus the country of…Details
Mariupol Ilyich Iron and Steel Works has received two electric engines. They will operate in the sheet-rolling shop 1700. The reconstruction of the mill will allow the company to expand sales markets because of the improvement of quality and the increase in weight. Investments in the shop modernization total 2.4 billion UAH. The engines were…Details
Almalyk Mining and Processing Works, using new technique, has obtained palladium. Previously the works was obtaining palladium powder. The technique, consisting of 52 steps and lasting for 70 hours, allowed obtaining less than 1 kg of palladium per month. Last year the enterprise started studying obtaining palladium from the electrolyte solution as well as refined…Details
The State Expertise Service has approved the project to develop the ore zone No. 1 of the gold-silver deposit Dvoynoye. The site is situated in Chukotka and will be developed by Severnoye zoloto LLC, a part of Kinross Gold. The company intends to mine 230 thousand tons of ore per year at the site. The…Details
In 2018 Yakutia became one of the three largest gold extractors in Russia.
The output has reached 29.5 tons, up by 20% YoY.
Aldansky district yielded 12.75 tons of gold.
The Sakha Gold Mining extracted 17.4 thousand ounces of alluvial gold last year.
Polyus Aldan mined 6.209 tons of gold. (Ukrainian metal)
Following prospecting works in 2018, DVGK LLC intends to increase the gold reserves in the central part of Bolotistoye deposit by some 13 tons. When the reserves are approved, the company will start prospecting at other sites, as well as searching for an investor to construct a mining and processing works. Taking into account the…Details