The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 128.58 million UAH. This year the company will have to supply 24 thousand tons of granulated sulfur or sulfur lumps with the content of not less than 99.95% at $202 or 5325 UAH per…
DetailsThe director of the Yuzovka Iron and Steel Works (YUMZ) Alexander Petrushechkin has committed suicide. The works is situated in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Putin’s Russia. It is said that Petrushechkin shot himself from his guard’s gun. In January he tried to commit suicide, by striking himself…
DetailsGold, silver and platinum prices decreased in Azerbaijan on May 21 compared to the prices of May 20. The price of gold dropped by 1.3515 manats, to 2,168.6475 manats per ounce. The price of silver fell by 0.0007 manats, to 24.5459 manats per ounce. The price of platinum went down by 6.154 manats, to 1,393.915…
DetailsIn January-April, Kazakhstan increased copper output by 8.8% YoY, to 149.5 thousand tons. Raw zinc manufacture totaled 108.2 thousand tons (-1.5%), zinc concentrate – 69.2 thousand tons (-34.2%), aluminum – 528.7 thousand tons (-9.1%), ferroalloys – 706.8 thousand tons (+6.7%), lead concentrate – 29.8 thousand tons (-3.6%) and lead – 45.1 thousand tons (-12.5%). Gold…
DetailsThe melting-foundry complex of VSMPO-Avisma has disassembled its Retek plasma furnace melting chamber. This is the largest plasma furnace in the world. Preparatory work lasted for 3 days. Now the chamber has to be moved out of the shop. In the shop No. 41 the company will separate ferrous metal of the chamber from the…
DetailsBar Works Balakovo has set a new record of using steel ladles. The previous record of 127 meltings on average (2018) was exceeded to 133 meltings. At the same time the maximum number of meltings reached 201 (189 in November 2018). This is a record not only for the works, but for all other Russian…
DetailsMoscow Industrial Bank wants to declare the Krasniy Sulin Iron and Steel Works bankrupt. The works owner Ramzan Isayev plans to invest 52 billion rubles in the rolling line with the capacity of 1.5 million tons of metal per year. The investor owes the bank over 2.11 billion rubles, while the project is still in…
DetailsFerrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders. The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH. Ferrexpo AG owns 189,313.087 million ordinary shares, or 99.11% of PGOK. (Ukrainian metal)
DetailsUkraine has started an antidumping investigation on the import of steel seamless hot-deformed pipes from China. The investigation was initiated by Interpipe Niko Tube. The Ministry of Economical Development and Trade has been tasked with the investigation. (Ukrainian metal)
DetailsPavel Vasev, Head of Procurement at Magnitogorsk Iron and Steel Works (MMK), became the winner of the “Best Procurement Director” award for 2019. Large-scale changes in procurement activities carried out at MMK have significantly improved the efficiency of the company’s supply chain. This is the second year in a row that the rating of procurement…
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