Vietnam government has announced the imposition of protective duties on the billets originating from Kazakhstan and Malaysia. The duty will be introduced on June 13 and will be valid until March 21, 2020. Protective duties on billets and bars were imposed in 2016. At present their size is 17.3% and 10.9% respectively. The duties were…
DetailsIn 2017-2018 Ukrainian metal and mining companies increased investments in environment protection. In particular, expenses of the iron ore processors grew by 30.3%, to 7.3 billion UAH, and metal companies – by 25.5%, to 5.9 billion UAH. The share of the industry in the overall expenses in Ukraine increased from 17.7% to 21.4% and from…
DetailsIn January-March, Russia exported 31.2 thousand tons of raw nickel valued at $378 million. Compared with Q1 2018, this is down by 7.2% and by 15.2% respectively. In March the average price of nickel was $13104 per ton FOB Russian border, down by 1.8% YoY. (Ukrainian metal)
DetailsIn January-March, Russia exported 231.5 thousand tons of copper in primary forms as well as wire rod valued at $1409 million, up by 5.8%, but down by 5.9% YoY respectively. In March the average price of copper in primary forms was $6211 per ton FOB Russian border, down by 8.3%. Wire rod price was $6238…
DetailsSerebro Magadana, a part of Polymetal, developing gold and silver deposits in the Magadan region, will put into operation a new warehouse of chemical reagents at the Lunnoye deposit in Q3. The construction of the warehouse is nearing construction. The warehouse will be able to store up to 3.4 tons of chemical reagents. Last year,…
DetailsSeverstal has been approved by Nissan Manufacturing RUS to supply its galvanized rolled metal of NST780X and NST980X grades. The company has confirmed its technical compliance with the client’s demands and received a right to supply metal for the mass production of Nissan cars in Russia. Moreover, under its large-scale reconstruction program Severstal has started…
DetailsIn 2018 Ferrexpo enterprises paid 2.4 billion UAH of taxes to the budgets of all levels. In particular, Poltava Mining and Processing Works paid 1957 million UAH of taxes, Yeristovo GOK – 407.1 million UAH and Belanovsky GOK – 11.3 million UAH. PGOK paid 237 million UAH to the local budget, 139 million UAH to…
DetailsIn 2018 Metinvest was placed 42nd in the rating of the largest steel producers, published by World Steel Association. Last year the group produced 9.37 million tons of steel, down from 9.59 million tons in 2017. In 2017 Metinvest was also placed 42nd. But before it lost its assets in Eastern Ukraine, seized by Russia-controlled…
DetailsPJSC Magnitogorsk Iron and Steel Works (MMK) announced that on May 31 the Annual General Meeting of Shareholders was held in Magnitogorsk. The AGM approved the annual report and accounts for 2018 and the payment of dividends. Based on the results of Q4 2018, dividends will be paid in the amount of 1.398 rubles (before…
DetailsSubsidiary of Privatization Agency of the Republic of Latvia SIA FeLM continues holding talks with investors on the sale of assets of insolvent metallurgical company KVV Liepājas metalurgs, says FeLM board chairman Jānis Rībens. “Talks continue with multiple investors. FeLM assesses offers from all investors, including offers regarding sale of separate assets. In accordance with…
DetailsIrshansk Mining and Processing Works has concluded an agreement with Mezhirechenskiy Mining and Processing Works on the delivery of ilmenite valued at 47.33 million UAH. This year the MGOK will have to supply 20,580 thousand tons of raw concentrate at $87 or 2300 UAH per ton. Last year IrGOK ordered ilmenite concentrate from MGOK at…
DetailsPrices of precious metals increased in Azerbaijan on June 3 compared to the prices on May 31. The price of gold grew by 33.8385 manats, to 2,231.3775 manats per ounce. The price of silver went up by 0.1982 manats, to 24.8961 manats per ounce. The price of platinum increased by 12.325 manats, to 1,362.635 manats…
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