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Russia: Rusal allowed to develop nepheline deposit in Krasnoyarsk region

RusalBy admin22.05.2019Leave a comment

Rusal has obtained a license to develop the Goryachegorskoye deposit of nepheline ores, the main raw materials for Achinsk Alumina Plant. According to the estimates the reserves of the deposit will be enough for the plant to operate for 60 years. Achinsk Plant is the largest enterprise in Russia processing nepheline ore to produce alumina.…

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Russia: Tula-Steel to start manufacturing in late May 2019

Tula-SteelBy admin22.05.2019Leave a comment

Tula-Steel intends to start producing steel in late May. The company has plans to enter foreign markets of billets. “Sales volumes will depend on the market situation. But the billets will not be our priority. In the first place we will concentrate on the manufacture of rolled metal”, the company noted. Tula-Steel can export some…

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Russia: new pipe works opens in Kurgan

pipesBy admin22.05.2019Leave a comment

A new enterprise started operating in the Kurgan industrial park – Kurgan Works of Energy Techniques. The works will produce steel pipes in PPU and PPM insulation, as well as pipe joints. Until the end of the year the company intends to produce some 23 thousand meters of pipes. Investments in the project totaled 76…

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Russia: minister sees RUSAL reregistered in Kaliningrad by end 2019

RusalBy admin22.05.2019Leave a comment

Aluminum giant UC RUSAL and energy and metals holding En+ Group of the Russian businessman Oleg Deripaska can reregister in a special administrative zone in Kaliningrad until the end of 2019, Economic Development Minister Maxim Oreshkin declared. “We are working on this and will do all we can on our side,” Oreshkin said. Oreshkin added…

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Russia: CherMK sales up in April 2019

Cherepovets Iron and Steel WorksBy admin22.05.2019Leave a comment

In April, Cherepovets Iron and Steel Works increased sales by 2.4% YoY, to 780 thousand tons. In January-April sales dropped by 0.4%, to 3.3 million tons. Sales to domestic customers grew by 25%, to 2.24 million tons, while exports fell by 30.4%, to 1.05 million tons. (Ukrainian metal)

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Ukraine: antidumping investigation on rebars from Belarus and Moldova prolonged

antidumpingBy admin22.05.2019Leave a comment

Ukraine has prolonged the antidumping investigation on the imports of rods (rebars) of carbon and alloyed steel from Belarus and Moldova. The interdepartmental commission found out that there was a need to prolong the investigation, begun on July 2, 2018, to 15 months. The decision was taken on May 14 and came into effect on…

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Ukraine: VostGOK orders 128 million UAH worth of sulfur

VostGOKBy admin22.05.2019Leave a comment

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…

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Ukraine: Yuzovka Works director shoots himself

Yuzovka Iron and Steel WorksBy admin21.05.2019Leave a comment

The 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…

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Azerbaijan: palladium price up on May 21, 2019

precious metalsBy admin21.05.2019Leave a comment

Gold, 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…

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Kazakhstan: metal output in January-April 2019

metal outputBy admin21.05.2019Leave a comment

In 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…

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Russia: VSMPO to disassemble largest plasma furnace in the world

VSMPO-AvismaBy admin21.05.2019Leave a comment

The 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…

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Russia: Bar Works Balakovo sets new ladle record

Bar Works BalakovoBy admin21.05.2019Leave a comment

Bar 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…

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Russia: Moscow Industrial Bank bankrupting Krasniy Sulin Works

Krasniy Sulin Iron and Steel WorksBy admin21.05.2019Leave a comment

Moscow 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…

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Ukraine: Ferrexpo to squeeze-out PGOK minor shares

Ferrexpo, PGOK, Poltava GOKBy admin21.05.2019Leave a comment

Ferrexpo 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)

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