The 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)
DetailsIn January-March, MMK decreased steel output by 1.3% YoY and by 0.2% QoQ, to 3.107 million tons. Pig iron manufacture decreased by 0.3% YoY and by 6.3% QoQ, to 2.396 million tons. Sales dropped to 2.782 million tons, by 5.2% QoQ and by 1.6% YoY. High added value products sales in Q1 remained almost on…
DetailsKirov Non-Ferrous Metals Processing Works has started modernizing an ILK-1.6 smelter in its smelting shop. The furnace will get a new foundry machine for bulk ingots. At present the smelter can produce flat ingots with the width of 800-1000 mm as well as cylinder ingots with the diameter of 400-650 mm. But when the molten…
DetailsHighland Gold Mining has postponed the commissioning of the Kekura gold ore deposit in Chukotka from 2021 to 2023. Last year the reserves were estimated at 2 million ounces of gold with the average content of 7 g per ton. According to the development plan, in the first 8 years of operation the average gold…
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