The South-Caucasus Railroad and GPMGold have signed an agreement to organize gold-bearing ore transportation from the Sotskoye deposit to Ararat Gold-Extracting Factory. According to the document, the volume of ore to be transported over 269 km is 1.5 million tons, up by 10% YoY. Last year 1.18 million tons of ore were transported. Since 2008…Details
On December 14 the state enterprise Lvivugol completely cleared its salary debts to miners for October.
The enterprise received payment for coal sales, which was spent to clear the debt.
The amount of salary to be paid for October was 147 million UAH. (Ukrainian metal)
Since the start of its operations in December 2013, Severstal-SMC-Vsevolozhsk has processed over 300 thousand tons of metal. The mini-CTL since the start of the year has produced 1.5 million billets, while the laser-welding site manufactured 1 million billets. Cherepovets Iron and Steel Works is the main supplier of rolled metal for processing at Severstal-SMC-Vsevolozhsk.…Details
In 2018 TMK Chermet invested 120 million rubles in development. In particular, the company has purchased 28 new machines – KamAZs with cranes and manipulators, Volvo bolster-type tractors and semi-trailers, as well Liebherr unloaders. The company has also invested in the modernization of weighing and radiation control machinery, as well as restored over 5.5 thousand…Details
Severstal Russian Steel has completed the autumn repair campaign at Cherepovets Iron and Steel Works and Severstal Bar Works Balakovo. Overall the group has carried out 10 capital repairs valued at 1.8 billion UAH. In particular the blast furnace No. 2, converter No. 3 and mill-2000 have been repaired. The latter allows now producing sheet…Details
In 2018 Metinvest gave 150 million UAH for social projects in Mariupol, investing over 1.4 billion UAH in environment protection. The city health industry received over 16 million UAH, and education – some 20 million. The group also helped repair the Theater Square and construct a fountain, spending 35 million UAH. Investment in environment protection…Details
The US Department of Trade will keep the antidumping duties on the delivery of construction steel rebars from Ukraine and some other countries. The third revision of the duty terms was initiated on June 1. On December 7 the results were published. US still believe that the cancellation of the duties will result in the…Details
149 days ago EU set a quota for the delivery of metal from Ukraine. The quota will be valid for 51 days more. As of December 14 Ukraine has supplied 2.4 million tons of hot-rolled metal to EU, or 58.11% of the quota. Cold-rolled metal quota has been 47.18% fulfilled (622.1 thousand tons), alloyed and…Details
DCH has extended the office of the Dneprovsky Iron and Steel Works CEO Gennady Bergman.
He will be in the office until December 31, 2019.
The decision was taken by the supervisory board on December 14.
DCH purchased DMZ from Evraz in March. (Ukrainian metal)
Russia is suffering from the shortage of silicon metal. All the metal is purchased in China or EU. Thus, Italian Tenova and Codest decided to create a silicon cluster. The project includes the construction of a plant to produce silicon metal with the capacity of 36 thousand tons per year. Investments will reach $134.5 million.…Details
According to the Federal Service of State Statistics, rolled metal output in January-November totaled 56.3 million tons, up by 2.3% YoY. In November manufacture dropped by 0.6% MoM, but grew by 4.6% YoY. In 11 months Russia produced 47.4 million tons of pig iron, down by 0.2% (down by 2.8% MoM, but up by 1.7%…Details
In 2018 Yakutia is expected to extract 26 tons of gold, up by 1.2 tons YoY.
Last year the output was 24.788 tons.
By 2024 the local government expects to have entered the top-3 regions in Russia in gold output. (Ukrainian metal)
In 2018 Rosszoloto LLC extracted 677.3 kg of gold, up by 31.8% YoY. The company is developing alluvial gold deposits in Amur region. The increase in the output began in 2016. While that year the enterprise washed 313 kg of gold, in 2017 the result was 514 kg. The company founded in 2003 has 10…Details
NLMK Group has embarked on a large-scale reconstruction of blast furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tons of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle by 50%, to 25 years. Investment in the…Details
Precious metal prices increased in Azerbaijan on December 18. The price of gold grew by 19.0995 manats, to 2,122.3565 manats per ounce on December 18 compared to the price on December 17. The price of silver went up by 0.2092 manats, to 24.972 manats per ounce. The price of palladium increased by 26.5795 manats, to…Details
The revenue of enterprises of the Belarus Metal Company has exceeded $2 billion. The result was achieved in 11 months and 12 days of December. In January-November revenue grew by 134% YoY. Belarus Iron and Steel Works accounts for over 70% of the revenue. Among other companies Mogilev Iron and Steel Works showed the largest…Details
The current product range, manufactured by Techmash, a part of Korolovesky Pipe Works, – section pipes with the size of 40×20 to 60×60 mm – will be joined by new products manufactured by Isayevsky Pipe Works. The company will start producing section pipes with the size of 20×20 to 120×120 mm on December 20. The…Details
Mechel has signed an agreement on cooperation with one of the largest Japanese trading companies – Itochu Corporation. According to the document, in December 2018 – March 2020 Mechel will supply 800 thousand tons of coking and power-generating coal to Itochu. The coal will be shipped from the Yuzhniy Kuzbass and Elgaugol enterprises. “Our long-term…Details
In January-November Ukraine exported 13.65 million tons of ferrous metal via seaports, up by 9% YoY. In particular, pig iron exports grew by 36.6%, to 2.717 million tons, and scrap – by 2.2%, to 78.56 thousand tons, while rolled metal exports dropped by 0.9%, to 8.024 million tons. In 11 months ore exports decreased by…Details
Electrostal has been shut down. The reason is the economical inexpediency to produce continuous cast billet with the growing raw materials prices (scrap) and the drop of billet FOB export prices. In January-November Electrostal decreased continuous cast billet output by 27% YoY, to 289 thousand tons. In November the company produced 12 thousand tons of…Details
In January-October ferrous metals exports reached 38.435 million tons, up by 11.4% YoY. According to the Federal Customs Service, ferrous metals exports, without pig iron, ferroalloys, waste and scrap, was 25.293 million tons, up by 7.2%. Deliveries of semi-finished carbon steel products totaled 13.145 million tons, up by 12.1%. Flat rolled metal exports dropped by…Details
Russian steelmaker Severstal will supply 300,000 tons of rolled stock to the Zagorsky Pipe Plant (ZTZ) in 2019 for production of large diameter pipes, the companies said in a joint statement after signing a relevant agreement. “Severstal already has experience in metal supplies for ZTZ. Such agreements provide an opportunity to build long-term mutually beneficial…Details
Russian metals holding Metalloinvest plans to invest 7 billion rubles in upgrades of the second and third blast furnaces at subsidiary steel producer Ural Steel, Metalloinvest said in a statement. The company plans to acquire equipment for the upgrades from Dutch company Danieli Corus. In future, Metalloinvest also plans to upgrade the fourth blast furnace…Details