Prices of gold, silver and platinum increased in Azerbaijan on October 12, while palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 44.6845 manats, to 2,073.609 manats per ounce on October 12 compared to the price on October 11. The price of silver went up by…Details
In 2003 Solway Investment Group (Sweden) purchased Pobuzhye Ferronickel Plant in Kirovograd region, and since then has invested some $200 million. According to Dan Bronstein, chairman of the board, investments went not only in the manufacture, but also in the educational and cultural spheres of the Pobugskoye town. “Now PFK is one of the most…Details
Chelyabinskgeosyemka, a part of the state concern Rosgeologia, has fulfilled the prospecting works at the Oktyabrskaya field scheduled for Q3. The field is situated in the Chelyabinsk region. The reserves of the Karakulsko-Podovinnaya copper ore zone are 930 thousand tons of copper and 210 thousand tons of zinc. The resources of the Troitskiy molybdenum-tungsten ore…Details
In January-September Rusolovo produced 958.9 tons of tin concentrate, up 1.5-fold.
In three quarters the company has produced 631.3 tons of tin.
The increase has to do with the growth of the company capacities.
By the end of the year Rusolovo intends to have produced 1600 tons of tin concentrate. (Ukrainian metal)
The pilot subdivisions of Cherepovets Iron and Steel Works have started selectively collecting waste. In early September containers for waste were put at some points of the manufacturing site. They are used to collect paper, cardboard and the plastic mix. In just one month the company has been able to submit for processing 6290 kg…Details
The investment program of Russia’s Siberian Coal Energy Company (SUEK) will amount to 150-200 billion rubles through 2021, CEO Vladimir Rashevsky declared. “The investment program is constantly updated, and estimating very roughly 150-200 billion rubles is the amount of investment that we plan to make in the coming three years,” he said. About 70 billion…Details
In January-September DTEK Energo increased gas coal output by 4.6% YoY, to 17.7 million tons. According to the group statement, DTEK Pavlogradugol mined 14.8 million tons of coal, up by 1.1%, while the output of DTEK Dobropolyeugol grew by 27%, to 2.9 million tons. “In the remaining three months of the year we intend to…Details
In September Energomashspetsstal finished producing and shipped a batch of bulk wares for the manufacture of press machinery to Italy. The delivery was performed under the contract concluded with Presezzi Extrusion s.p.a. The batch included 8 columns for the press with the total weight of 74 tons. The companies have been cooperating for over 13…Details
In September direct railroad deliveries of ferrous metals to the major Russian manufacturers of tractors, combines and other agricultural machines totaled 24.1 thousand tons.
According to the railroad statistics, this is up by 22.2% YoY.
In 9 months deliveries grew by 0.9% YoY, to 189 thousand tons. (Ukrainian metal)
In September direct railroad deliveries of rolled steel to Russian car manufacturers (AvtoVAZ, KamAZ, GAZ, AMO Zil, Sollers, OAT, etc.) totaled 99.2 thousand tons.
According to the railroad statistics, this is down by 10.7% YoY.
In 9 months deliveries reached 812.65 thousand tons, up by 6.41% YoY. (Ukrainian metal)
In September direct railroad deliveries of rolled steel, pipes and semi-finished products to the major shipbuilding and repairing enterprises totaled 8.1 thousand tons.
According to the railroad statistics, this is down by 41.4% YoY.
In 9 months deliveries dropped by 21.8% YoY, to 85.5 thousand tons. (Ukrainian metal)
The manufacture of rolled copper by Russian works is based on domestic consumption and almost does not depend on external factors (LME cathode prices, world industry growth rates, etc.). According to the Institute Tsvetmetobrabotka CEO Yuri Raikov, in 2014-2017 copper exports dropped 2-fold, while imports – by 35-40%. The share of the competitive products in…Details
In January-September Beloretsk Iron and Steel Works increased the sales of metal wares to construction companies. In particular, the sales of cold-formed rebars increased by 28% YoY, steel net – by 26%, and low-carbon wire – by 25%. The sales of ordinary quality wire and cold-drawn bars to produce fasteners increased by 15% and 13%…Details
In July-September Severstal produced 3.06 million tons of steel, up by 2% QoQ. Pig iron output also grew by 2%, to 2.3 million tons. Steel sales reached 2.71 million tons, down by 5%, with local sales up by 1%, to 65%. In 9 months Severstal produced 6.91 million tons of pig iron and 9.1 million…Details
Ukrdorinvest LLC (Kiev) has purchased 73.5% of the Central processing factory “Russia” shares (Donetsk region).
As of Q2, 75.49% of shares belonged to DRFC LLC, while Ukrdorinvest owned only 24.5%.
Two more processing factories wanted to buy shares – Ukraina and Mirnogradskaya.
Ukrdorinvest also owns 24.5% in Mirnogradskaya processing factory. (Ukrainian metal)
The Ministry of Energy and Coal Industry believes that in 2019 power-generating coal consumption by power plants will grow by 4.4% YoY, to 27.75 million tons. In particular, it is expected that 5.1 million tons of anthracite and 22.65 million tons of gas coal will be consumed. 4.67 million tons of anthracite will be imported,…Details
Price of gold increased in Azerbaijan on October 11, while silver, platinum and palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 6.4685 manats, to 2,028.9245 manats per ounce on October 11 compared to the price on October 10. The price of silver decreased by 0.165…Details
Russia’s Voronezh-based “Rudgormash” company will have supplied gold mining equipment worth 1 billion rubles ($ 15.1 million) to Uzbekistan by the end of this year. “This year we are fulfilling a fairly large order for the supplies to the gold mining industry of Uzbekistan, in price terms this order costs more than 1 billion rubles.…Details
Ukraine increased imports of coal, including anthracite, by 20% YoY, to 15.64 million tons in January-September from 13.03 million tons a year ago, the State Customs Service reported. If measured by value, imports of coal increased by 15%, to $2.19 billion, compared with $1.9 billion in January-September 2017, S&P Global Platts wrote. Most of the…Details
In August world pig iron output grew by 4.08% YoY, to 106.654 thousand tons. According to the World Steel Association, China is leading with 66.655 million tons, up by 6.46%. Ukraine was able to preserve its 9th place with 1.72 million tons between US (2.16 million tons) and Taiwan (1.3 million tons). In September pig…Details
Uralelectromed is preparing the site for the construction of the third stage of the copper electrolysis shop. At present the contractors are assembling a wall to separate the site from the main shop. In September the foundation was prepared for the wall, and metal structures were assembled. Now they are covered with 250 panels. To…Details
The city of St. Petersburg has carried out a large-scale infrastructure project on construction of a third stage of the water pipelines. The cost of the project was 3.3 billion rubles. The pipes of the high quality pig iron produced by Svobodniy Sokol were used for the construction. Altogether 30 km of pipes have been…Details
Severstal has surveyed the dealers of its roofing brands and found out that 85% of them know of the new GOST on metal roof tiles to be in effect from March 2019, while 70% of the respondent have already studied the main requirements of the standard. The document has been developed by the National Roofing…Details
PJSC ArcelorMittal Kriviy Rih, the biggest mining and steelmaking company in Ukraine, has increased base salaries for all its employees as well as for the employees of its affiliated companies by 10% since October 1. Base salaries for some categories of employees of PJSC ArcelorMittal Kriviy Rih will become even higher as a result of…Details
Elena Gudimova was appointed to the position of Head of Quality Management at PJSC ArcelorMittal Kriviy Rih. She is the person who knows all nuances about new steel grades and types of products at the company, which are an integrant part of a valuable product line of PJSC ArcelorMittal Kriviy Rih. In the interview for…Details
The state bank Oschadbank has put on sale the property complex of the Ukrvtorchermet in Kiev.
The company is a major procurer, processor and exporter of ferrous scrap.
The complex is situated on three land plots with the size of over 8 ha.
The initial price of the complex is 175 million UAH. (Ukrainian metal)