Russian Railways and the Union of Railway Operators Market have complained to the Federal Antimonopoly Service about high prices for wheels. According to the claim, annual demand for wheels amounts to 1.6 million while only 1.5 million are produced. The wheels for the Russian track gauge are made by the Vyksa Iron and Steel Works,…Details
Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…Details
In May Russia increased gold output by 11.5% YoY.
At the same time compared with April the output dropped by 16.3%.
In January-May gold manufacture in Russia grew by 24.4% YoY. (Ukrainian metal)
In January-May Ukraine mined 12.812 million tons of coal, down by 7.8% YoY. According to the Ministry of energy and coal industry, the output of coking coal dropped by 21.5%, to 2.117 million tons, and of power-generating coal by 4.5%, to 10.695 million tons. In May coal mining decreased by 1.9%, to 2.6 million tons.…Details
Representatives of Moldova Iron and Steel Works held talks with Ukrainian companies on the resumption of scrap deliveries. “In April and May there were no deliveries. But I know for sure, that their representatives have come to Ukraine for negotiations. There are risks, especially in winter, when scrap procurement in Ukraine falls”, Interpipe CFO Denis…Details
Vitaliy Bash has been appointed a new general manager of Dneprovsky Iron and Steel Works, a part of DCH. He is also the director of the Sukhaya Balka mine and the managing company DCH Steel. The decision to appoint one person to manage three assets has to do with the need to provide for coordinated…Details
The sanctions imposed by Russia on the delivery of pipes from Ukraine didn’t have an impact on Interpipe. “Losses from sanctions are not considerable. The products yielding the biggest income in Russia have long been prohibited”, Interpipe CFO Denis Morozov said, adding that there was a duty of 27% on Interpipe pipes on the Russian…Details
Until the end of the year Ferrexpo plans to buy 400 gondola cars.
The decision is due to the strategic plans of Ferrexpo to increase pellets output.
In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)
Almalyk Iron and Steel Works has started carrying out the second stage of the railroad infrastructure construction to the Kalmakyr mine. Kalmakyr Mine is the largest mining enterprise in the CIS, the base of Uzbek non-ferrous metallurgy. In 2016 the mine design capacity was increased to 30 million tons of ore per year. Under the…Details
Severstal Distribution was able to increase sales on its traditional markets, having avoided a fall after it ceased operating in Ukraine. “Because of economical risks we were forced to leave Ukrainian market. But these volumes have been compensated for by the growth of sales in the European part of Russia, as well as Central, Northern…Details
In January-March Ukraine increased metal structures manufacture by 2.3% YoY, to 44 thousand tons. Local consumption remained unchanged – some 42 thousand tons. Export in Q1 dropped by 19%, to 1.7 thousand tons. EU accounts for the main share of exports – over 60%. Metal structures imports in Q1 fell by 52%, to 0.3 thousand…Details
Olkon has finished assembling an EKG-15 excavator, the largest in its history. The machine will operate at the Komsomolsky quarry. The excavator weighs some 700 tons. It can fill a 136-ton dump truck with rock in just 4-5 ladles. Another machine will be received at the plant until the end of the year, and the…Details
In May Dneprospetsstal decreased steel output by 11% MoM, to 18.4 thousand tons.
Rolled metal manufacture grew by 5.4%, to 13.7 thousand tons.
In January-May steel output dropped by 15.5% YoY, to 90.8 thousand tons, and rolled metal – by 14.1%, to 61.5 thousand tons. (Ukrainian metal)
Russian gold producer Nordgold has signed an option deal with Alicanto Minerals Ltd for a preemptive right for a buyback of the Arakaka gold ore mining project in Guyana, the company said in a statement on June 19. Under the agreement, Nordgold gets an option to buy 100% in Arakaka in exchange for $3 million…Details
In January-May Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 7.8% YoY, to 39,607 kg. In the reporting period the production of raw silver and semi-processed silver, or in powder form, equaled 400,235 kg, down by 2.5%. Besides, 676,942 tons (-8%) of untreated aluminum, aluminum oxide, 56,031 tons (-12.4%)…Details
With the commission of new steel structure capacities, Uralelectromed will increase its output to 4.5 thousand tons.
Last year the company produced 3 thousand tons of metal structures.
The company also plans to master the manufacture of grating. (Ukrainian metal)
Until 2024 thanks to prospecting works Seligdar intends to increase its ore gold reserves by 100 tons. This year the increase is expected to reach 26 tons. As of January 1, the company balance reserves amounted to 115 tons of gold, up from 106 tons as of January 1, 2018. Seligdar comprises 13 enterprises in…Details
This year Uralelectromed intends to produce some 400 thousand tons of cathode copper, on par with the previous year. Copper wire rod manufacture is also expected to remain unchanged – 170 thousand tons. Copper consumption is growing, so the company is carrying out investment projects to increase capacities. In particular, at present UEM is constructing…Details
Trubodetal has successfully passed the audit of its quality management system, environment and labor safety. The specialists of the TUV NORD CERT have noted the positive aspects of the plant operation in 2018: the mastering of new products and new markets, high level of personnel specialization, decrease of environment impact, etc. The quality management system…Details
In January-April Russia exported 14.319 million tons of ferrous metals, down by 6.1% YoY. According to the Federal Customs Service, without pig iron, ferroalloys, waste and scrap the exports totaled 9.572 million tons, down by 6.1%. Semi-finished carbon steel products accounted for 5.294 million tons, down by 2.5%. The export of flat carbon rolled steel…Details
In May 845 thousand tons of coke was delivered to Ukrainian metal companies, up by 4% MoM. In particular, Ukrainian coke reached 779 thousand tons, up by 4%, and imported – 66 thousand tons, up by 3%. In 5 months Ukrainian metal makers received 4.03 million tons of coke, down by 1% YoY. Deliveries of…Details
In January-May Ukraine decreased bulk 6% moisture coke manufacture by 2% YoY, to 4.42 million tons. In May delivery of coking coal to by-product coke plants dropped by 1% MoM, to 1.29 million tons, with local coals up by 27%, to 230 thousand tons, but imported down by 6%, to 1.06 million tons. In 5…Details
In May Ukraine exported 3.67 million tons of iron ore raw materials, up by 10% MoM. In January-May exports grew by 12% YoY, to 17.26 million tons. At the same time deliveries to local metal companies in May dropped by 13% MoM, to 2.3 million tons, and by 7% YoY, to 12.1 million tons in…Details
The mines of the state enterprise Lvivugol, the employees of which announced a strike earlier in the month, have partially resumed their work. Late on June 14, Lvivugol received the first 30 million UAH. Another 80 million are expected today for the coal sold. All the money will be spent to pay salary. At the…Details