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…
DetailsIn 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…
DetailsThe 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…
DetailsIn 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…
DetailsIn 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…
DetailsThis 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…
DetailsIn 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)
DetailsIn 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…
DetailsOn 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…
DetailsInternational rating agency Moody’s has upgraded NLMK Group’s long-term credit rating from Baa3 to Вaа2 with a stable outlook (both are investment grade). The decision follows a rating action to upgrade Russia’s sovereign rating, which took place on February 8. Shamil Kurmashov, NLMK Group CFO, said: “We welcome Moody’s decision to upgrade NLMK’s rating. This…
DetailsWorld Class Manufacturing system (WCM) used in most of ArcelorMittal’s units will be implemented in all shops and departments of ArcelorMittal Kriviy Rih from 2019. WCM system is based on two main principles that are continuous improvements and losses elimination that give the company a number of advantages in innovation, quality, price, flexibility, delivery performance,…
DetailsIn 2018 Armenal produced 28.5 thousand tons of aluminum foil, down by 15.4% YoY. The decrease has to do with US sanctions on Rusal. Rusal combined output was 3753 thousand tons, up by 1.3% YoY. (Ukrainian metal)
DetailsIn 2018 aluminum ore mining increased by 26% YoY, to 6.1 million tons. The largest miner is Aluminiy Kazakhstana operating at Torgayskoye and Krasnooktyabrskoye bauxite ore groups. The company bauxite output last year grew by 14%, to 5.7 million tons. At the same time, in 2021 mining at the Torgayskoye group will be stopped. Raw…
DetailsIn H2 2018 the number of people employed in metal industry grew by 0.5%, to 189.7 thousand people. According to the State Statistics Service, average salary in the industry increased by 29% last year, to 12.496 thousand UAH. Metal companies also paid a lot of taxes, becoming major taxpayers. (Ukrainian metal)
DetailsIn 2018 Ukraine consumed 108 thousand tons of metal structures, up from 70 thousand tons in 2017. Output grew from 76 thousand tons to 109 thousand tons. Thus both consumption and output returned to the level of 2011-2012 – 106 and 109 thousand tons and 109 and 120 thousand tons respectively. The highest figures were…
DetailsIn January Chukotka Autonomous District mined 44 thousand tons of coal, down almost 2-fold YoY. Beringpromugol LLC and Shakta Ugolnaya are developing coal deposits in the region. Thus, Beringpromugol mined 28 thousand tons of coal, down by 46%, while Shakta Ugolnaya – 16 thousand tons, down by 50%. Last year coal output increased by 76%,…
DetailsNorilsk Nickel mines will receive 105 units of machinery this year. In particular, Oktyabrskiy mine will get 36 machines, Taymyrskiy – 31, Komsomolskiy – 30, Mayak – 7 and Kayerkanskiy – 1. Some machines have already been delivered. Thus Oktyabrskiy now has a new Caterpillar R 1700. Another machine will soon be delivered. The mine…
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