In January-June the net profit indicators of Kyrgyzaltyn OJSC turned out to be 14 times higher than in 2018, press service of the company reported. The net profit of Kyrgyzaltyn amounted to 119.2 million soms. In 2018 the OJSC earned only 8.5 million soms over the same period. “Such high rates became possible thanks to…Details
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Mechel-Koks has shut down its coke oven battery No. 8 for reconstruction to decrease pollution. The coke oven gas pipeline and ammonium water pipeline will be replaced. During the reconstruction a temperature of around 1 thousand degrees C will be maintained at the battery in order to keep the refractory brick lining intact. The modernized…Details
The coordination council of MMK and TMK has held a meeting. The parties discussed the results of cooperation and set prospects to continue it. This was the 27th meeting of the council. In 2018 TMK pipe plants received over half a million tons of flat rolled metal manufactured by MMK. In January-September deliveries will total…Details
Beloretsk Iron and Steel Works has started manufacturing a new import-replacing product – high-strength galvanized wire for cable industry. A customer has already approved of trial batches. At the customer’s request BMK has developed steel galvanized wire with the diameter of 1.85 to 3.05 mm with high-strength characteristics. Previously such products had to be purchased…Details
The Belarusian steel mill BMZ continues strengthening its position on the global steel market in the segment of products intended for automotive industry, with the relevant sales exceeding $35 million in H1. The company intends to have doubled the figure by the end of the year, BMZ Press Secretary Aleksandr Olesik reported. According to the…Details
Anglo Asian Mining PLC (AAM), a gold producer in Azerbaijan, plans to begin production at new deposits. According to the information, electromagnetic intelligence revealed that there was a new field in the vicinity of Gadabay. “It also shows that there is a great potential in Ordubad, and the geological team is working on it,” the…Details
In July Russia imported 11.6 thousand tons of ferrosilicomanganese, down by 32% MoM and by 8.3% YoY. Deliveries from Georgia dropped by 29% MoM, to 6.6 thousand tons, and from Kazakhstan – by 13%, to 5 thousand tons. In January-July imports totaled 113 thousand tons, up by 3% YoY. In monetary terms since the start…Details
Since the start of the year the Raspadskaya mine (a part of the Raspadskaya Coal Company) has extracted 5 million tons of coal, with 2 million tons extracted from site No. 1. In April the site No. 1 was one of the first to mine 1 million tons of coal from the same breakage face.…Details
Rechitsa Metal Wares Works is the global leader in nails manufacture. Lately the company has been increasing sales to the far foreign countries and decreasing its exports to Russia. Thus its shares are now 42% and 34% respectively, with some 23% supplied to the local customers. The trend is due to more attractive prices on…Details
Abinsky Electrometallurgical Works intends to have increased its share on the Russian metal wares market to 13% by 2020-2021. According to the director of the sales department Andrei Krylov, in January-August AEMZ manufactured some 68 thousand tons of metal wares, or 7% of the market. In the next two years the company plans to increase…Details
MMK-Metiz is installing new equipment. In particular, this is machinery to produce high-carbon wire and steel ropes, fasteners, as well as calibrated steel rods and bars. With the help of the new machinery the company was able to increase thread-cutting screws output by 674 tons, as well as increase the portfolio of types and sizes…Details
The National Tariff Committee of Pakistan has announced the introduction of antidumping duties on cold-rolled metal originating from Russia and Canada until January 20, 2020. The duty for both countries amounts to 13.94%, which is less than the dumping margin set in the course of investigation at 19.27% for Russian companies and 25.99% for Canadian…Details
In January-August Beloretsk Iron and Steel Works sold 300 thousand tons of metal wares. According to the chief engineer of the company Veniamin Ulyanov, this is almost on the previous year level. “The exports have dropped a bit due to protective measures on the European market”, he said. Despite this BMK intends to keep exports…Details