In 2017-2018 Chukotka autonomous district expects a drop in gold output to 26 tons, by 11% YoY, while in 2019 it will increase by 10% to 2016, to 32 tons. Silver output is expected at 140-160 tons per year. Alluvial gold production will be on the level of 2 tons per year. In 2016 Chukotka…Details
The growing demand for galvanized rolled metal this year will be satisfied, in particular, because of the MMK putting into operation a new continuous hot-galvanizing machine. According to the company marketing specialist Igor Sapozhnikov, metal consumption in Russia this year will revive after a 3-years decrease. The main industries to support this growth will be…Details
Under the increasing demand and the shortage on the construction nails market Metiznaya Torgovaya Kompaniya (Metal Wares Trading Company) forecasts the increase in prices of manufacturers by 3-5% from July 1.
The company also supposes that prices for bridge fasteners will increase by 10%, and electrodes – by 5%. (Ukrainian metal)
Scrap export duties have to be restrictive. According to Interpipe-Vtormet director Valentin Makarenko, the company has to limit output because of the lack of scrap, which is its main raw material. “We cannot load all the capacities now, as we don’t have enough scrap. So we believe that only Ukrainian metal companies should use Ukrainian…Details
The authorities of the so-called Donetsk People’s Republic, the terrorist organization created and supported by Russia, could not resume operation at the Donetsk Iron and Steel Works, seized from Ukraine. “The works had to start operation in May, but due to a number of objective reasons, the launch has been rescheduled for late July”, the…Details
In May railroad deliveries of rolled steel from NLMK to Russian customers and abroad totaled 1.08 million tons, up by 6.4% MoM and by 5.1% YoY. In April the sales were down by 11.6% MoM and by 5.5% YoY respectively. In May local deliveries reached 342 thousand tons, up by 25.8% MoM, but down by…Details
Chelyabinsk Pipe-Rolling Works has placed BO-001R-04 bonds in the amount of 10 billion rubles.
The company intended to have 9-9.25% interest, but in the end it stood at 8.95%.
Rosbank, BCS Global Markets, Raiffeisenbank, Renaissance Capital and Sovkombank have been the organizers of the placement. (Ukrainian metal)
MMK-Metiz has certified its steel ropes according to GOST 3241 and GOST 16843-88. These ropes fully correspond to the requirements to such products. The MMK-Metiz ropes can be used in all the spheres of the industry: to lift and transport cargo, in cranes or lifting mechanisms, in mines, on excavators, elevators, etc. Following the certification…Details
The department of subsoil use of the Siberian Federal District has allowed to put the first stage of the mine named after Titov in operation. The mine, a part of PMH-Ugol, is situated near the city of Leninsk-Kuznetsk, Kemerovo region. The construction of the first stage was finished in May. The company has already started…Details
The Supreme Court of Ukraine decided to send the cassation claim of Metinvest to Dneprovsky Iron and Steel Combine, a part of Industrial Union of Donbass, on the iron ore case to the Higher Commercial Court of Ukraine for another round of review. On November 9, 2016 the Higher Commercial Court of Ukraine decided to…Details
The European Bank for Reconstruction and Development (EBRD) has signed an agreement to provide a $140 million 5-year loan to silver and gold producer Polymetal International to develop the Kyzyl field in Kazakhstan, the company said in a statement on June 22. “The EBRD loan will finance remaining capital expenditures for the Kyzyl project, which…Details
In January-May Ukraine imported 483.56 thousand tons of ferrous metals valued at $399.24 million. The share of ferrous imports in the total volume in money terms reached 2.1%. In particular, Ukraine imported 280.01 thousand tons of flat-rolled carbon steel valued at $204.66 million, 24.44 thousand tons of ferroalloys ($53.01 million), 72.44 thousand tons of carbon…Details
President of Ukraine Petro Poroshenko, in the scope of his official visit to the United States, discussed with the U.S. leadership opportunities to enhance the cooperation in the energy sector, particularly possible coal supplies from the state of Pennsylvania to Ukraine. “We continued discussing with Vice President Pence and President Trump our cooperation in the…Details
In January-April Russia imported 228.2 thousand tons of galvanized steel, up by 34.7% YoY. The main supplier was Kazakhstan with the share of 58%. The average price on the Russian border in April was $741.7 per ton. Supplies from Kazakhstan increased by 89% YoY, prices – by 43%. Then comes Ukraine with the share of…Details
In January-April Russia imported 117.4 thousand tons of galvanized steel with polymer coating, up by 3.4% YoY. The main supplier is China, with the share of 48%. The average price on the Russian border in April was $800.5 per ton. Imports from China increased by 54% YoY, and the price – by 23.4%. Kazakhstan is…Details
By 2050 the demand for coal will decrease from 69 million tons to 31 million tons. According to the energy minister Kanat Bozumbayev, this will be the result of the increase in the usage of renewable energy sources. “In the sector of electricity and heating energy generation coal consumption will fall from 50 million tons…Details
Ukrzaliznytsia has held an auction to sell non-ferrous scrap.
Steelservice LLC offered 1.8 million UAH for 18.6 tons of copper scrap, or 96.1 thousand tons per ton. The price exceeded the estimated cost 7-fold.
The initial price was 14.5 thousand tons per ton, or 96.1 thousand tons for the whole lot. (Ukrainian metal)
Khartsyzsk steel rope works Silur, situated on the territory of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, has resumed manufacture of wire and mesh.
Earlier Silur together with Stalkanat (Odessa) was a part of Stalkanat-Silur. In 2016 the works stopped operation. (Ukrainian metal)
Omsk Electric-Mechanical Works has processed the first 5 thousand tons of metal structures according to the new technology. Its first customers are the enterprises of the nearby regions of Russia and Kazakhstan. Last year the company put into operation a newly modernized hot-galvanizing shop. “We work with our own products, as well as with orders.…Details
The United Metal Company is developing supplies of rolled sheet for construction, machine-building, shipbuilding and other industries. In particular, in January-May the group successfully supplied major traders with ST3, ST09G2S and S390 steel sheet with the thickness of 150 mm and width of 3100 mm produced by Vyksa Iron and Steel Works for the manufacture…Details
In January-May Ukraine exported 7.37 million tons of ferrous metals valued at $3.378 billion. According to the State Fiscal Service, the ferrous metals export share was 19.6% of the total volume in money terms. In particular Ukraine exported 2.6 million tons of carbon steel semi-finished products valued at $978.57 million. The main importers were Italy…Details