In February, Russia exported 403.5 thousand tons of raw aluminum, up by 48% MoM and by 61.7% YoY. Revenue grew by 51% and by 62.4% respectively, to $741 million. In January-February, exports totaled 675.8 thousand tons valued at $1232 million, up by 42% and by 40% YoY respectively. In February the average aluminum price was…
DetailsIn January-march, the time to deliver ferrous scrap over railroad to metal companies totaled 5.1 days, up by 7.7% YoY. The minimal time (4.5 days) was in Q1 2015 and Q1 2017. This year the batches with the total weight of up to 260 tons (77% of all shippings) were delivered within 5.4 days, up…
DetailsBaldzha LLC, developing alluvial sites in Zabaikalye region, intends to yield some 800 kg of gold this year. The initial quota each year is 300 kg. But the enterprise tries to get more. Last year the plan was 700 kg, but the final result was 706 kg, an absolute record in 30 years. The washing…
DetailsIn 2019 the gold-extracting factory of Polyus Aldan, which operates on the territory of the Kuranakh ore field in Yakutia, intends to process 5.6 million tons of ore with the average content of 1.2 g of gold per ton. In March the record volume of gold was received – 1 ton. By the end of…
DetailsThe wheel and tyre shop of Evraz NTMK has started using a 3D-printer to manufacture a range of unique parts. This has allowed decreasing machinery down time, as all the necessary parts are always available. Their prime cost is dozen times cheaper and the time to produce is just several shifts. The shop intends to…
DetailsThe warehouse complex of ChTPZ has supplied 300 tons of large diameter pipes to Evraz NTMK. The pipes were produced at the Chelyabinsk Pipe Works and would be used for the company modernization. In particular, the warehouse complex supplied LDP with the diameter of 820 mm and wall thickness of 10 mm made of St17G-1-u…
DetailsMechel has signed an agreement to supply metallurgical coke to Kayseri Sugar, the largest sugar producer in Turkey. According to the agreement, Mechel will have to deliver up to 90 thousand tons of coke in 2019-2021 (some 30 thousand tons each summer). The price will be determined during negotiations. “Turkey is one the priority export…
DetailsThe Moscow Arbitration Court has turned down a 174-million ruble suit of RUSAL Bratsk, a subsidiary of Russian aluminum giant UC RUSAL, against power producer Unipro over a malfunction at the Berezovskaya GRES power plant. In its suit, RUSAL Bratsk asked the court to cancel a capacity supply agreement signed in 2010 and make Unipro…
DetailsIn January-March, Uzbekistan decreased gold output by 25% YoY, to 809 thousand tons. According to the state statistics, in Q1 2018, 1087 thousand tons of coal were mined. In December 2018, 45% of Uzbekugol were transferred to the management of Progress Gor Tech LLC (Russia). (Ukrainian metal)
DetailsRussian state nuclear corporation Rosatom’s fuel company TVEL has signed a cooperation agreement with German titanium supplier Hermith to create a joint venture for manufacture of titanium products with a high added value, TVEL said. The venture will sell its products to aviation, car, and pharmaceutical companies, TVEL said, adding that the agreement also…
DetailsMariupol Ilyich Iron and Steel Works has been awarded for the development of the labor potential. The plant was awarded at the XI forum of the Employers Association. Avdiivka Coke and Chemical Works was awarded in the category “Despite crisis”. (Ukrainian metal)
DetailsGold prices decreased in Azerbaijan on April 17 compared to the prices on April 16. The price of gold fell by 12.2655 manats, to 2,172.0475 manats per ounce. The price of silver increased by 0.1243 manats, to 25.5532 manats per ounce. The price of platinum dropped by 7.6925 manats, to 1,498.9155 manats. And the price…
DetailsIn January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…
DetailsMetalloinvest has elected a new board of directors. In particular, the board now features Ivan Streshensky (chairman), Andrey Varichev, executive director, Vakhtang Kocharov, executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, Irina Lupicheva, non-executive director, Valeriy Kazikayev, independent non-executive director, Galina Aglyamova, independent non-executive director, and Dmitry Tarasov, independent director. Vakhtang Kocharov has…
DetailsAccording to World Steel Association (WSA) April report, this year world steel demand will grow by 1.3%, to 1735 million tons. Next year the growth will continue (by 1%), to 1752 million tons. In the CIS countries the steel demand will increase by 1.4%, to 57 million tons. And in 2020 it will grow by…
DetailsThe Belarusian steel mill BMZ and Turkish companies signed framework agreements on supplying metal products worth over $14 million during a Belarusian-Turkish business forum in Ankara on April 16. The agreements were signed by Director General of OAO BMZ – Managing Company of the Holding Company BMC Anatoly Savenok. In particular, BMZ intends to ship…
DetailsTrubodetal has successfully mastered the manufacture of pipeline joint parts with silicate-enamel coating. Such joints can withstand high temperature and their service life is 50 years. Pipes and joints with silicate-enamel coating are used to transport oil with high hydrogen sulfide content. (Ukrainian metal)
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