In January Zaporozhye Iron Ore Complex decreased iron ore output by 1.9% YoY, to 360 thousand tons. Last year the enterprise produced 4.552 million tons of ore, up by 1.1% YoY. Iron content was 60.91%. In December 2018 ZZhRK mined 376.1 thousand tons of iron ore, down by 1.5% from the target. Iron content was…Details
In January Khabarovsk region extracted 1314.5 kg of ore gold, up by 17.1% YoY. Silver output grew by 3.3%, to 4.3 tons. In January 2018 the region yielded 1122.2 kg of gold and 4.1 tons of silver. Alluvial gold sites will start working in May. Last year Khabarovsk region produced 24.591 tons of gold and…Details
The Irkutsk industrial company MetalActivgroup has modernized its manufacturing capacities and increased metallized pellets and DRI output. This is the only enterprise in Russia to produce metallized pellets and DRI of magnetite ore using coal. In 2018 the company attracted a loan of 28 million rubles to buy machinery. 12 million rubles were provided by…Details
2 miners have perished at the Yubileynya mine of Sukhaya Balka.
The accident happened at 7 a.m. after a night shift at the depth of 1340 meters. The miners died of gas.
The bodies are still in the mine. The conditions of the accident are being determined. (Ukrainian metal)
In January Ukraine exported 40.6 thousand tons of pipes, down by 10.9% MoM, valued at $48.7 million. According to the State Fiscal Service, the pipes share in the total export was 1.19%. Seamless pipes accounted for 31 thousand tons ($42.8 million), other pipes and tubes – 8.7 thousand tons ($5.3 million) and other pipes and…Details
According to the Statistics Committee of the Ministry of the National Economy, in January Kazakhstan produced 223.8 thousand tons of steel, down by 41.3% YoY.
Flat rolled metal manufacture dropped by 72.3%, to 69.932 thousand tons.
Ferroalloys output grew by 5.4%, to 180.573 thousand tons. (Ukrainian metal)
Energomashspetsstal has received a new order from ArcelorMittal – Belval & Differdange to produce and supply 4 working rolls for the hot-rolling mill. According to the agreement, the rolls have to be shipped to Luxembourg in September-October. The total weight of the batch will be 128 tons. EMSS and AM have been cooperating since 2011.…Details
Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3 and the ceilings for local currency-denominated debt…Details
Primetals Technologies has received another order from Evraz NTMK to supply an automation system and electric equipment for the blast furnace No. 6 reconstruction. The system will optimize the blast furnace operation and decrease coke usage. Primetals Technologies has already modernized the blast furnace No. 7, commissioned in early 2018. The blast furnace No. 6…Details
In January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…Details
Average salary in the metal and mining industry in Ukraine is 2 times higher than the monthly wages of financial and law workers. According to the Federation of metallurgists, in December 2018 the average salary of Ukrainian metal makers ranged between 10 thousand UAH and 26.9 thousand UAH. In particular, a typical blast furnace gas…Details
In January Ukraine increased pig iron exports by 18.3% YoY, to 276.4 thousand tons, valued at $95 million, up by 25% YoY. According to the State Fiscal Service, the share of pig iron in the overall exports totaled 2.34%. Most of pig iron was sold to US (53.7%, or $60.6 million), Italy (12.4%) and Mexico…Details
Russia’s gold output rose by 2.45% YoY, to 314.42 tons in 2018, the Finance Ministry said citing data on gold supplies to refining plants. Mined gold output rose by 4.14%, to 264.41 tons, while by-product gold output decreased by 5.85%, to 15.44 tons, and gold scrap production fell by 5.55%, to 36.6 tons. Russia’s silver…Details
PM Nikol Pashinyan has presented details surrounding the existing situation at the Teghut Copper and Molybdenum Mine (Lori province) and the Alaverdi Copper Smelting Plant. Speaking in parliament, the PM presented how the situation developed in the first place. According to Pashinyan, the VTB Bank lent $380 million to the Teghut mine and Vallex Group,…Details
From April 2017 until December 31, 2018, AzerGold CJSC sold non-ferrous metals worth 220 million manats, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, said at the first plenary meeting as part of the project “Application of a roadmap for disclosing information about beneficiaries in the mining industry of Azerbaijan”. Ibrahimov noted that the…Details
The State Service of Geology and Subsoil Use has sold at the auction the special allowance to develop a nickel deposit to Tsvetmet Ukrainy LLC for 10.54 million UAH. This is the Prutovskoye site with sulfide-copper-nickel ores with the size of 15 square km in Zhitomir region. The initial cost of the allowance was 9.74…Details
In 2018, the volume of sales of metal products of ArcelorMittal Kriviy Rih made 4.5 million tons, with finished products accounting for 65% (rebar, wire rod and sections). The share of square billets decreased by 2%, from 29% to 27%, while hot metal share increased to 9% (+2%). In 2018, customers from 62 countries purchased…Details
The prices of precious metals increased in Azerbaijan on February 13. The price of gold grew by 8.1175 manats, to 2,232.4995 manats per ounce compared to the price on February 12. The price of silver went up by 0.0045 manats, to 26.7607 manats per ounce. The price of platinum increased by 5.1 manats to 1,345.448…Details
In 2018 the ChTPZ pipes enterprises – Chelyabinsk Pipe-Rolling Works and Pervouralsky Novotrubniy Works – sold 1.92 million tons of pipes, down by 3.7% YoY. The decrease is due to the completion of large diameter pipes deliveries for the Nord Stream-2 construction. Deliveries to the Russian market grew by 1.2%, to 1.42 million tons, including…Details
In December Tashkent Iron and Steel Works will produce its first cold-rolled sheet. The total cost of the project is 286 million euros. The main machinery will be supplied by Danieli, Italy. The company capacity will be 500 thousand tons of cold-rolled metal per year. The capacity will be reached in 2 years. The share…Details
This year Severstal will invest 56.6 billion rubles in the development of the Cherepovets Iron and Steel Works and other Severstal Russian Steel manufacturing assets. Some 75% of the funds, or 42.7 billion rubles, will account for development projects. The largest of them are the construction of a new blast furnace No. 3 “Cherepovchanka” and…Details
In 2018 Bratsk Ferroalloys Works increased ferrosilicon sales by 10% YoY, to 76 thousand tons.
In particular, ferrosilicon FS 65 accounted for 54 thousand tons and FS 65 – 22 thousand tons.
The main customers of the company are Mechel enterprises and Japanese companies. (Ukrainian metal)
In 2018 Chelyabinsk Zinc Works received 32 billion rubles of revenue, with net profit at 1.8 billion rubles. “This is slightly below the 2017 level, as a part of the profit has been spent on the construction of the Korbalikhinskiy mine (3 billion rubles). Thus, the profit could have been some 5 billion rubles”, the…Details
On February 12, Moody’s rating agency upgraded MMK’s Issuer Rating to Baa2 from Baa3 with Stable Outlook. This action followed a sovereign rating action on the government of Russia, which took place on February 8, when Moody’s upgraded Russia’s long-term issuer and senior unsecured debt ratings to Baa3 from Ba1 and changed the outlook on…Details