Last week the price of one ounce of gold decreased by 17.748 manats or by 1%. Accordingly, the average price of one ounce of gold stood at 2,552.3902 manats. The price of one ounce of silver grew by 0.0057 manats or by 0.02%, to 29.94 manats. The price of one ounce of platinum went up…Details
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In September the Manufacture of Steel Structures, a part of Uralelectromed, galvanized a record-high volume of 4700 tons of metal structures. The result exceeded the average monthly level by 200-300 tons. The hot dip-galvanizing department is capable of galvanizing metal structures with the sizes of 12.5×1.4×3.2 meters and the weight of 3 tons with the…Details
The Center of metal products standardization and certification the Central Scientific and Research Institute of Ferrous Metallurgy named after Bardin has prepared the second edition of the interstate standard GOST 5640 “Steel. Metallographical method of rolled metal microstructure evaluation”. The standard is being developed to replace the GOST 5640-68 in order to include a number…Details
In January-September Interpipe Steel produced 690 thousand tons of steel, down by 6.5% YoY. According to the company, in September steel output totaled 55 thousand tons. In 2018 Interpipe Steel produced 973 thousand tons of steel, up by 13.8% YoY. (Ukrainian metal)Details
In September Ukraine exported 1.8 million tons of pig iron valued at $592.5 million, up by 12.5% and by 16.7% MoM respectively. The share of pig iron in the exports structure was 1.6%. According to the State Tax Service, 58% of pig iron were delivered to the US, 14% to Italy and 9.5% to Turkey.…Details
New seamless pipes capacities of 450,000–500,000 tons that Zagorsky Pipe Works wants to build are excessive for the Russian market, the Fund for Development of Pipe Industry said in a statement. The fund said that combined capacity of all Russian plants stood at 4.1 million tons, and it was loaded by only 70% as of…Details
In September Ukraine exported 47.05 thousand tons of pipes valued at $48.05 million, up by 2.3% and by 8% MoM respectively. According to the State Tax Service, in January-September pipes exports reached 486.9 thousand tons valued at $524.6 million. In particular, Ukraine exported 344.6 thousand tons of seamless pipes valued at $435.9 million, 131.01 thousand…Details
In January-June Interpipe received $125.44 million of EBITDA, up by 37.4% YoY. The pipe segment grew 2.8-fold, to $44.51 million, and railroad wheels – by 62.2%, to $60.23 million. At the same time in steel manufacture EBITDA fell by 49.1%, to $20.01 million. Revenue in H1 totaled $557.17 million, up by 2.7%. In particular, railroad…Details
Krasniy Octyabr Iron and Steel Works intends to implement industrial tourism programs. According to the company management, this will help solve the employee shortage problem. At present the company lacks operators of bridge cranes and excavators. Industrial tourism is not developed in Volgograd region – only a handful of food industry plants participate in the…Details
Uralelectromed is finishing concrete works to create the foundation for the third stage of the copper electrolysis shop. The third stage will operate using stainless steel cathodes, just like the previous two stages. It will have a circulation system of 224 electrolyzes baths. The first stage was commissioned in February 2012. Its capacity was 160…Details
Mechel-Service has supplied over 5.1 thousand tons of rebars for the construction of the largest medical center of Moscow in the village of Kommunarka. The size of the center will exceed 150 thousand square meters. A500C rebars manufactured at Chelyabinsk Iron and Steel Works are used in the construction. (Ukrainian metal)Details
The Raspadskaya mine of the Raspadskaya Coal Company has commissioned a new long face 5a-7-34. Until the end of the year the company intends to mine over 600 thousand tons of coal. Reserves of the long face amount to 3 million tons of coking coal. The long face will be in development until the end…Details
The authorities of the Orenburg region have discussed the intent of Novotroitsk Iron and Steel Company LLC to start producing ferroalloys (ferrochrome and ferroaluminum) in Novotroitsk. The capacity is estimated at 1155 tons of ferroalloys per year. The total cost of the project exceeds 24 million rubles. More than 20 jobs will be created. The…Details