Uzbekistan Iron and Steel Works has developed a draft law on altering the article No. 219 of the Administrative responsibility Code. The company suggests imposing responsibility for violation of ferrous metals scrap procurement and trade. Since September 2017 the works has been appointed the only authorized company to procure (buy) ferrous metals scrap in Uzbekistan.…Details
In January-February Russia exported 639.4 thousand tons of raw aluminum valued at $1261 million, up by 49.2% and by 91% YoY respectively.
In February the average price was $1952 per ton, up by 25% YoY. (Ukrainian metal)
In January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively.
In February the average price was $6932 per ton of primary copper, up by 22.81% YoY.
The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)
The most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…Details
Shareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…Details
In January-February exports grew by 17.9% YoY, or by $1.1 billion, to $7.4 billion. According to the Ministry of economical development and trade, the main importers of Ukrainian goods were the EU countries, Singapore, Belarus, Turkey, Moldova and Iraq. “The goods that saw the biggest increase in sales were steel semi-finished products (up by $98.3…Details
The press secretary of the president Dmitry Peskov has said that so far there are no ready-made scenarios to help Rusal, but a temporarily nationalization of the company could be one of the forms of state support. “There are various views on how to help the companies affected by US sanctions. This is just one…Details
NLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018. Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the company had implemented or…Details
The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of 332 tons of inert dust valued at 1.16 million UAH. The cost of 1 ton of inert dust is 3510 UAH with VAT. At present Donenergoexport LLC is the main supplier of inert dust to the state enterprises of Ukraine. Last year the company…Details
The state enterprise Ukrzaliznytsia has ordered Interpipe Ukraine LLC the delivery of tyres for the rolling stock valued at 80.97 million UAH. This year Interpipe will have to supply 4322 tons of tyres manufactured by Interpipe Nizhnedneprovsk Pipe Rolling Works not early than October 1, 2017. The price of the contract is 1% lower than…Details
Interpipe and Vallourec intend to create a joint venture to produce steel pipes for the European market. The cooperation will not cover pipes for oil and gas extraction. The JV will only produce linear pipes, general usage pipes as well as machine-building products. “Pipes will be finished at the line built at Interpipe Niko Tube…Details
In January-March Kuzbassrazrezugol mined 11.1 million tons of coal (including almost 1.6 million tons of coking coal), up by 2.5% YoY. Sales grew by 1.8%, to 10.3 million tons. Exports accounted for 70% of sales: 7.3 million tons were exported, and 3 million tons supplied to domestic customers. The company factories processed over 10 million…Details
In January-March Mechel-Materials produced over 47 thousand tons of mineral additives for concrete, up by 14% YoY. This product is used as an alternative to one of the concrete mix components and is manufactured at the line of the grinding and mixing complex commissioned in 2013. Refractory output grew by 44% YoY, to some 40…Details
In January-March Kazakhstan produced 1.167 million tons of steel, up by 7.6% YoY, with 431 thousand tons produced in March, up by 10.9% YoY and by 21.3% MoM. Ferroalloys output in March reached 168 thousand tons, up by 9.1% MoM and by 1.1% YoY. In 3 months manufacture grew by 2.5% YoY, to 494 thousand…Details
In January-February Russia exported 495 thousand tons of pipes valued at $390 million, up by 64% and 2.6-fold YoY respectively. According to the customs statistics, Turkey was the main buyer of Russian pipes with the share of 29%, up 23-fold. Finland imported 27.2% of pipes, up by 22.8%. Large diameter pipes accounted for 65% of…Details
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has launched construction of a processing plant – the key facility of the Gross gold mine in the republic of Yakutia, the company said in a statement on April 19. The plan’s projected processing capacity is 12 million tons of ore per year. The company…Details
RUSAL has met with Chinese companies and traders this week to discuss purchases of alumina and sales of aluminum as the U.S. sanctions freezed out the Russian producer from markets around the world, Bloomberg reported on April 19, citing people with knowledge of the talks. RUSAL is looking for alternative sources of alumina, the raw…Details
In a letter sent to KVV Liepājas metalurgs administrator Vita Dika, Privatization Agency’s subsidiary FeLM board member Jānis Rībens and CItadele Bank on 17 April, the consortium, which includes companies like British Steel, Greybull Capital and Estonian company Baltic Metal Holding, affirmed its interest in purchasing all assets of the insolvent company. According to available…Details
The prices of the main precious metals increased in Azerbaijan on April 19, according to the data published by the Central Bank. The cost of gold increased by 13.906 manats, to 2297.992 manats per troy ounce compared to the price on April 18. The cost of silver increased by 0.8118 manats, to 29.2889 manats per…Details
The State Committee for Industry, Energy and Subsoil Use announced an auction for the right to explore geologically a placer gold deposit in Naryn region. At-Bashi 1 deposit is located in At-Bashi district of the region. In 1937 Tajikzoloto trust started prospecting works there. They were resumed in 1943. In the 1980s searches in this…Details
In January-March Russia produced 1.1 million tons of metal structures, down by 5.1% YoY.
According to the Federal Service of State Statistics, in March the output grew by 8.2% MoM. (Ukrainian metal)
DCH, which bought Dneprovsky Iron and Steel Works from Evraz in March, has appointed Gennady Bergeman the company CEO till the end of the year. The decision was made on April 13, as Bergeman’s office would expire on May 3. In 2017 DMZ revenue totaled $586 million, its assets cost $153 million. The company gross…Details
In January-March Russia decreased output of raw and semi-refined gold, or gold powder by 1.6% YoY.
According to the Federal Service of State Statistics (Rosstat), in March gold output dropped by 7.1% YoY, but increased by 1.7% MoM. (Ukrainian metal)
In January-March TMK sold 980 thousand tons of pipes, up by 1% QoQ and by 16% YoY. Seamless pipes sales remained almost on the level of the previous quarter, but grew by 3% YoY, to 677 thousand tons. Welded pipes sales increased by 4% QoQ and by 64% YoY, to 303 thousand tons. OCTG pipes…Details
In March the prices of industrial goods dropped by 0.9% after a growth of 1% in February and of 0.1% in January. According to the Federal Service of State Statistics, non-ferrous metals prices increased by 4.5%, pig iron, steel and ferroalloy prices – by 2.8%, other primary steel wares – by 2.5%, and aluminum prices…Details
Russian aluminum giant UC RUSAL has submitted state support proposals for refining of primary aluminum to the Industry and Trade Ministry, Minister Denis Manturov reported on April 18. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including RUSAL. U.S. Investors were allowed to sell the shares and bonds of…Details