Russia: Evraz expands the capacity for the processing of railway wheels

Evraz NTMK completes preparations for launching the fifth railway wheel machining line. The line has already been assembled, and four new automated machines have been installed at the wheel shop. Currently the wheel-block robotic transport and handling equipment, chip breaker and disposal systems, a cutting-fluid management station are being mounted. Cable networks and fences that…

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Russia: MMK and AvtoVAZ developing cooperation

The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…

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Russia: Severstal-Metiz output and sales up in May 2018

In May the steel sections shop of Severstal-Metiz set a record of bulk output (2.923 thousand tons) and sales (over 3 thousand tons).

“Severstal-Metiz is actively developing various product routes and expanding sales markets. The quality of our products is constantly improving”, the company CEO Sergey Kovryakov noted. (Ukrainian metal)

Kyrgyzstan: Chaarat Gold proposal to acquire Kumtor not to provide benefits to Centerra

The proposal by Chaarat Gold to acquire Kumtor does not provide sufficient benefits to Centerra, CIBC analytics said. As the organization notes, analysis suggests that the proposal does not provide sufficient benefits to Centerra, given its future funding obligations, despite improving the geopolitical risk profile. According to the analytics, the sale of Kumtor will significantly…

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Kazakhstan: gold output up in January-May 2018

In January-May Kazakhstan produced 36621 kg of raw and semi-raw gold (powder), up by 7.2% YoY.

According to the Statistics Committee of the Ministry of national economy, silver output, on the other hand, dropped by 7.7%, to 410532 kg. (Ukrainian metal)

Russia: NLMK-Kaluga sales via railroad up in May 2018

In May NLMK-Kaluga shipped 102 thousand tons of rolled metal via railroad, up by 19% MoM, but down by 8.2% YoY.

In January-May railroad sales totaled 463.3 thousand tons, up by 13.8% YoY.

Deliveries to domestic customers reached 175.8 thousand tons, up by 17.1%, while exports – 287.4 thousand tons, up by 11.8%. (Ukrainian metal)