In January-March, Russia produced 61.464 tons of gold, up by 13.3% YoY. The Gold Miners’ Union has increased its output forecast for 2019 to 340 tons, up by 3.1%, including 306 tons (+3.6%) of primary gold. Earlier it was expected to obtain 300 tons of primary gold. At the same time, silver output in Q1…Details
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From June 21, Krasniy Octyabr has decreased prices for alloyed metal waste it purchases. The price drop is 500-2,000 rubles depending on the waste type. The average nickel content in the batch of alloyed scrap should be not less than 9.3%. The minimal batch is 5 tons. From June 17, the company has decreased prices…Details
Vallourec Niko Tube, a joint venture of Vallourec and Interpipe, was created in April 2018 to produce seamless pipes for the European market. The manufacture is situated in the city of Nikopol and consists of two lines in the pipe-rolling shops Nos. 2 and 7 of Interpipe Niko Tube. Interpipe is responsible for the manufacture…Details
Ingulets Mining and Processing Works has rendered assistance in the restoration of the Shirokoye settlement, where some 20 cottages and 55 yards were flooded in late May – early June. In 2 weeks the settlement has been flooded 4 times. Metinvest, owner of InGOK, has already transferred over 2 million UAH for the purchase of…Details
With the new investor (Metinvest) Pokrovskoye Mine Group will get a guarantee of a long-term development. In early 2019 the enterprise put into operation a new long face with 1 million tons of coal, and in spring – another one. This year it is planned to commission 5 new long faces. In May the enterprise…Details
In January-May Ukraine manufactured 7.92 million tons of rolled metal, up by 2.6% YoY, and exported 6.86 million tons, or 86.6%. Last year the share of exports was 83.2% (6.43 million tons out of 7.72 million tons). Semi-finished products accounted for 45.39% of exports (42.16% in January-May 2018), the share of flat rolled metal did…Details
In January-May metal companies sold 1.064 million tons of metal to the domestic market. All in all local customers received 1.607 million tons of rolled metal, including 543.3 thousand tons or 33.8% of imported metal. In January-May 2018 local market consumed 1843.8 thousand tons of rolled metal, including 545.8 thousand tons of imported metal, or…Details
Interpipe wants Ukrzaliznytsia to sell scrap on FCA terms. “We do not buy scrap from Ukrzaliznytsia, as we do not agree with the terms of the current auctions. The key problem is the terms of delivery. They are trying to sell a batch of scrap lying somewhere and weighing none knows how much, protect it…Details
Cherepovets Iron and Steel Works has completed capital repairs of converter No. 3 in the converter steel shop. In 2018 the converter became the first at the works to be switched to the combined steel blowing. The converter was able to carry out 3200 steel blowings with the warranty index of 3000. The analysis of…Details
Ukraine must protect its market from the inflow of Chinese pipes. “China constantly increases the deliveries of seamless pipes to Ukraine, especially lately”, Interpipe CFO Denis Morozov said. According to him, earlier Europe, USA and Russia imposed a number of limitations on the delivery of Ukrainian pipe products. “In this trade war we must protect…Details
Uralelectromed has put into operation a new reverberatory furnace to produce copper granules. In one smelting the furnace processes 25 tons of raw materials, up by 5 tons from the previous furnace. The furnace will produce some 16 thousand tons of copper granules per year. This will help increase blue copperas manufacture. UEM has been…Details
Stepnoy Pit, a part of Russkiy Ugol, is developing the Chernogorskoye deposit. Since its commissioning in 1993 the pit has extracted over 65 million tons of coal. The anniversary 65-millionth ton was mined on May 24. Last year the pit extracted over 4.2 million tons of coal with 3.4 million tons processed at the factory.…Details
Elga Coal Pit has put into operation an ESH 20-90 C walking excavator. The machine valued at 1 billion rubles can load over 3 million cubic meters of rock per year. The excavator was produced by Uralmashzavod to order. This is the most powerful machine at the pit. It has the ladle volume of 20…Details