In January Ukraine produced 5.39 million tons of iron ore concentrate, up by 7% YoY. Pellets output went up by 3%, to 1.94 million tons, and sinter – by 5%, to 2.84 million tons. Supplies of iron ore raw materials to metal companies in January were up by 7% MoM, but down by 2% YoY…
DetailsIn 2017 Russia exported 0.1363 million tons of raw nickel, down by 26.6% YoY. Almost all the volume was sold to the far foreign countries (0.136 million tons). According to the Federal Customs Service, raw aluminum exports dropped from 3.481 million tons in 2016 to 3.208 million tons in 2017. Far foreign countries accounted for…
DetailsRussian gold producer Polyus does not expect any other strategic investor to buy a stake in the company after cancellation of a 10% stake sale to China’s Fosun, CEO Pavel Grachyov said on February 15 in a conference call. Polyus was not part of the deal. “Nevertheless, we don’t see any initiatives to look for…
DetailsUkrmetallurgprom believes Ukraine will produce 1.9 million tons of steel in March. According to the enterprise forecast, pig iron output will total 1.9 million tons and rolled metal – 1.6 million tons. As of February 13, 19 out of 21 blast furnaces (90%), 8 out of 9 open-hearth furnaces (89%), 14 out of 16 converters…
DetailsSelidovugol miners have blocked the road leading to Kurakhovo, Maryinka and Krasnogorovka in Donetsk region. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, they demanded the payment of salary and clearing of debts. “The strike began near the administrative building of the state enterprise Selidovugol. Having received no reply, the…
DetailsSince the beginning of 2018 Irkutsk region obtained 1044.2 kg of gold. All the metal was mined. In particular, Polyus Verninskoye mined 560.7 kg of gold. Vysochaishiy obtained 323 kg of gold. Ugakhan, Vysochaishiy’s subsidiary, produced 114 kg of gold, while Druza LLC in January yielded 46.5 kg of gold. This year all the companies…
DetailsKamensk-Uralsky Iron and Steel Works has purchased stakes in Aluminium Silicon Mill Products GmbH (Switzerland) and Aluminium Silicon Mill Products HK Ltd. (Hong Kong) under the development strategy. KUMZ and ASMP have been cooperating for a long time. ASMP is the works’ key trade and marketing representative. Having acquired stakes in ASMP, KUMZ can now…
DetailsIn 2017 hot-rolled metal consumption in Russia totaled 8.96 million tons. NLMK share was 17.5%. According to the group regional sales director Vladislav Ovchinnikov, in cold-rolled sheet NLMK share was 35.8% out of 3.26 million tons consumed, galvanized metal – 20.8% (3.04 million tons), and polymer-coated metal – 20.9% (1.88 million tons). On the bars…
DetailsIn 2017 NLMK-Metiz increased wire production by 18% YoY, to 274 thousand tons. Nails output grew by 6%, to 30.6 thousand tons, and self-tappers – to 5.8 thousand tons. “Output growth is mostly the result of our products competitiveness increase on world markets”, the company said. NLMK-Metiz is among 5 largest manufacturers of metal wares…
DetailsIn January Interpipe Steel produced 75 thousand tons of steel, up by 25% YoY, In December 2017 steel output totaled 76 thousand tons and in November – 78 thousand tons. Round billets manufacture last year increased by 38% YoY, to 850 thousand tons. Almost all steel was sold to the group own works, with just…
DetailsPJSC Magnitogorsk Iron & Steel Works (MMK) has signed a contract with SMS group GmbH (Germany) regarding the supply of equipment to be used in the reconstruction of the finishing train of hot-rolling Mill 2500 at sheet rolling plant No. 4. Under the terms of the contract, the equipment will be supplied over a period…
DetailsThe arbitrary court of the Volgograd region decided not to review the claim of the tax service on declaring Volgograd Iron and Steel Works “Krasniy Octyabr” insolvent. The tax inspection wanted the works to be declared insolvent because of its tax debts. As of December 1, 2017 the company had a debt to the budget…
DetailsAccording to the decree of the Council of ministers the list of companies that have the right to procure and process precious metals scrap and waste has been updated. One more company was included in the list, brining the total to 32. Such companies determine the terms of acceptance and submition of precious metals wares,…
DetailsLast year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites.
According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)
Trading house MMK has opened a new office in the city of Shymkent. This is the fifth site of the company in Kazakhstan. The warehouse site is equipped with 2 cranes and is situated near the highway to Astana. The site offers all the product range of MMK: hot- and cold-rolled metal, rebars, sections, coated…
DetailsIn 2018 Severstal will spend over 31 billion rubles for the development of Cherepovets Iron and Steel Works and other assets of the Russian Steel division. More than half of investments will fall on the development projects, the major being the construction of a new blast furnace No. 3 with the capacity of 2.9 million…
DetailsThis year Magadan region plans to mine 345 thousand tons of coal, up by 4.3% YoY. In January mining output totaled 46 thousand tons, up by 15% YoY. Last year the region obtained 330.9 thousand tons of coal, with 242.8 thousand tons provided by the Kolyma Coal Company and 88.1 thousand tons by the Association…
DetailsIn 2017 Russia obtained 306.9 tons of gold, up by 6.3% YoY. According to the Ministry of Finances press-service, mined gold output totaled 253.9 tons (237.8 tons in 2016), by-product gold – 16.4 tons (15.3 tons) and secondary gold – 36.6 tons (35.4 tons). Silver output in 2017 decreased by 4% YoY, to 1.044 million…
DetailsIn January the railroad deliveries from NLMK both to Russian customers and for exports totaled 1.13 million tons, up by 8.9% MoM and by 5% YoY. Moreover, this is the third highest result in 10 years (October 2017 – 1.16 million tons, March 2017 – 1.15 million tons). In January 409 thousand tons were supplied…
DetailsSevero-Kavkazskoye PGO, a part of Russia’s state geological exploration company Rosgeo, has discovered 73.79 tons of inferred gold reserves at the Dakhovskaya area of the Belorechensky structure in the southern republic of Adygeya. According to the company statement on February 14, the project is implemented under a 173.2 million ruble state contract concluded by the…
DetailsIn 2017 ArcelorMittal Kriviy Rih considerably decreased energy consumption. In particular, total power intensity was 25.231 gigajoule per 1 ton of liquid steel. This year the total energy consumption is planned on the level of 25.195 gigajoule per ton. Last year the company achieved the historical lows of electricity consumption – 4.194 billion kW-h and…
DetailsIgor Lushankin has become the new director of Severstal Distribution LLC. He has been working for 17 years as the commercial director of Midland Resources, being responsible for Zaporizhstal exports. “For the past five years he has been working in the sphere of rolled metal and raw materials supplies both to Ukrainian companies, and to…
DetailsThe public joints stock company Koks has attracted a VTB loan of 10 billion rubles. According to the company statement, the term of the loan is 7 years. The interest rate will be set depending on the term. The maximum volume of the interest rate should not exceed 20%. Koks is controlled by the Industrial-Metallurgical…
DetailsA new mini-power plant has been put into operation at the Uralelectromed enterprise – Proizvodstvo Splavov Tsvetnykh Metallov. Its capacity is 2.4 MW of electricity or 9.2 Gcal-h of hearing energy. The size of the premises is 450 square meters. Commissioning took several months. At first, by the start of the heating season, a boiler…
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