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In January-June iron ore manufacture at Metinvest enterprises grew by 3% YoY, to 14.454 million tons. In Q2 concentrate output increased by 1% QoQ, to 7.25 million tons, mostly due to the growth of output at SevGOK by 87 thousand tons, which compensated for the drop of 41 thousand tons at InGOK. Pellets manufacture increased…
DetailsSpetstrade Ltd LLC in April-July received several orders from state mine groups to supply various products made mostly of steel valued at 112.69 million UAH. In particular, Toretskugol placed orders for 54.97 million UAH, Mirnogradugol – 44.99 million UAH and Selidovugol – 12.73 million UAH. The most expensive agreement with Mirnogradugol (37.58 million UAH) presupposes…
DetailsIn January-June Metinvest produced 3.923 million tons of steel and 4.008 million tons of pig iron, up by 3% but down by 7% YoY respectively. Coke manufacture dropped by 7%, to 2.48 million tons. In Q2 steel output increased by 2% QoQ, to 1.982 million tons, and pig iron – by 5%, to 2.051 million…
DetailsRussia can limit the export of ferrous and non-ferrous metals scrap to countries, which are not parts of the Eurasian Economic Union from January 1, 2020. The exports will be limited to the volumes purchased at the exchange. This will make the scrap exports more transparent. For the past 10 years Russia has been procuring…
DetailsGaysky Mining and Processing Works has finished assembling all the units of the skip hoist manufactured by Uralmashzavod. It will replace the outdated machine currently in use. This is the final stage of the Expluatatsionnaya mine reconstruction, which Gaysky GOK has been carrying out since 2011. The mine has to be commissioned in August. (Ukrainian…
DetailsEnergomashspetsstal has shipped the second batch of supporting rolls to Essar Steel, India. The batch comprised 4 bulk rolls with the combined weight of 107 tons. According to the agreement signed in 2018 EMSS has to produce and ship 12 supporting rolls for the cold- and hot-rolling mills until the end of the year. So…
DetailsIn January-June Chelyabinsk Zinc Works decreased net profit almost 2-fold YoY, to 1.754 billion rubles. Revenue dropped by 25%, to 13.124 billion rubles. Gross profit fell by 20%, to 3.729 billion rubles. (Ukrainian metal)
DetailsAccording to Chinese customs office, in June imports of raw nickel increased by 18.5% MoM and by 35.6% YoY, to 21.127 thousand tons. Russia contributed the most to this increase – 10894 tons, up by 1360% MoM and by 228% YoY. In 6 months China imported 96.4 thousand tons of raw nickel, down by 25.7%…
DetailsIn January-June Norilsk Nickel received 201.86 billion rubles of net profit, up 2.3-fold YoY. Revenue grew by 41.6%, to 397.19 billion rubles. Gross profit went up by 46%, to 259.56 billion rubles, and sales profit – by 51.2%, to 235.97 billion rubles. EBITDA increased 2.3-fold, to 254.33 billion rubles. (Ukrainian metal)
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.7% YoY, to 6.995 million tons in January-June, the company said in a statement on July 31. In April-June steel production of the company went up by 0.5% QoQ, to 3.507 million tons. (Prime/Ukrainian metal)
DetailsAccording to the strategic plan of the Ministry of Industry and Infrastructure Development of Kazakhstan for 2017-2021, the planned volume of coal extraction for 2019 is 107.1 million tons, the ministry reported. “The fuels and minerals base of Kazakhstan’s coal industry is sufficient enough and notwithstanding large volumes of extraction, the coal stockpiles are still…
DetailsIn January-June Bratsk Ferroalloys Works increased FS-75 ferrosilicon sales 2-fold YoY. The growth is due to the changes in sales structure: the demand for the 75% silicon content alloy on the foreign markets has significantly increased. 83% of the exports went to the countries of the Asian-Pacific region. (Ukrainian metal)
DetailsNuclear Power Systems of Ukraine, a part of which belongs to the owner of the ATB retail network, has made considerable investments in the development of a uranium deposit. In 2017 the company received licenses from the State service of geology and subsoil of Ukraine to develop uranium ore deposits in Dniepropetrovsk and Nikolayev regions…
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