Russia has temporarily allowed importing some products from the sanctioned list. In particular, until October 1, 2021 it is allowed to import some types of pipe products. The sanctions on imports from Ukraine were applied in April. (Ukrainian metal)Details
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Last week, the price of one ounce of gold increased by 100.2575 manats or by 4.4% in Azerbaijan, Trend reports. Accordingly, the average price of one ounce of gold stood at 2,317.1272 manats. The price of one ounce of silver grew by 0.9188 manats or by 3.6 percent, to 25.6702 manats per ounce. The price…Details
In May Russia imported 30824 tons of stainless steel products, up by 1.3% MoM, but down by 21.6% YoY. In particular, the import of flat rolled metal increased by 3.6% MoM, pipe fittings – by 14.9% and primary billets – by 172.3%. At the same time the imports of electric welded pipes dropped by 21.6%,…Details
Energomashspetsstal has finished producing rolls for Primetals Technologies, Austria. Under the contract EMSS has manufactured 36 supporting rolls with the combined weight of almost 1500 tons. The end customer of the rolls is ArcelorMittal Lazaro Cardenas, Mexico, which ordered Primetals Technologies a new rolling mill. So far the customers have inspected and accepted 11 supporting…Details
In January-May Russia produced 2 million tons of metal structures and parts of ferrous metals, up by 16.7% YoY. According to the Federal Service of State Statistics, in May output increased by 7.1% MoM and by 9.6% YoY. Aluminum structures manufacture grew by 16.7% YoY, to 27.1 thousand tons. (Ukrainian metal)Details
Bystrinsky Mining and Processing Works has received 4 new BelAZ-75581 quarry dump trucks with the lifting capacity of 90 tons. The machines will have been assembled and put into operation by late July. According to the director of the mine Vitaliy Bushel, until the end of the year the 4 trucks have to transport over…Details
On June 21 the TMK board of directors held a meeting. Dmitry Pumpyanskiy has been appointed the chairman. The board also decided to elect Igro Korytko CEO, who had previously been deputy general manager on efficiency management. Alexander Shiryaev, the previous CEO, will continue working in the company as a member of the council. Moreover…Details
PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has established a new unit that will be focused on the development of digital businesses. The team will be headed by Sergey Khabarov, previously investment director at Genome Ventures, an innovative human capital development business. The new unit will be a part…Details
PJSC TMK and PJSC Novatek have signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of Novatek’s Management Board signed the document. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing pipe…Details
Metalloinvest has commissioned a new reduction and calibration section for Rolling Mill 350’s mid-size production line at Rolling Unit No. 2 at OEMK. Investment in the project totaled more than 600 million rubles. The modernization will enable the company to increase production of high-quality rolled steel by 67,000 tons per year. The new reduction and…Details
In April Russia imported 105 thousand tons of manganese ore and concentrate, up by 54% MoM and by 6.6% YoY. In 4 months imports dropped by 21.6% YoY, to 306.4 thousand tons. Since the start of the year in monetary terms imports decreased by 31.8%. (Ukrainian metal)Details
In 2018 metal industry demonstrated a profit of 689.6 million UAH as opposed to 9.8 billion UAH of losses in 2017. According to the State Statistics Service, 76.8% of enterprises received a profit of 34.5 billion UAH, with 23.2% having loses of 33.8 billion UAH. The metal industry profit constituted just 0.6% of the entire…Details
Yuzhniy Mining and Processing Works has repaired the technological section No. 13 of its ore-processing factory No. 2. Investments in modernization totaled 400 million UAH. All the technological sections at its 2 factories UGOK will modernize until 2022. The work started last autumn. This year it is planned to spend some 2.5 billion UAH on…Details