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Prime Minister Nikol Pashinyan has said during the closed meeting regarding the fate of the Amulsar gold mine that at this moment there are no grounds to order a new audit. “The prime minister has said that currently there are no grounds to suspend, he didn’t say that it should be operated. At this moment…
DetailsFasteners of weatherproof steel are used in the construction of bridges, power energy structures and other objects with lack of maintenance in complex climatic conditions. Because of alloying a natural protecting layer appears on the wares, thus they need no further painting. As a result the cost of maintenance is much lower. Such steel is…
DetailsIn January-July 13.769 tons of gold were extracted in Khabarovsk region, up by 5% YoY. Ore gold accounted for 11.161 tons, up by 4.5%. And the alluvial gold extraction increased by 7.4%, to 2.608 tons. The annual output plan is 24.9 tons of gold. (Ukrainian metal)
DetailsSeverstal and Altaiwagon have signed a yearlong agreement on the delivery of 1.5 thousand tons of hot-rolled metal each month. The minimal volume of metal delivered will reach 18 thousand tons. Cherepovets Iron and Steel Works supplies metal from the hot-rolling mills 2000 and 2800 for the manufacture of the rolling stock. Especially for the…
DetailsMidUral Group is shutting down its operation for a scheduled and preventive repair a month earlier. Klyuchevsky Ferroalloys Works and Russkiy Chrome 1915 simultaneously stopped manufacturing chromium oxide, chromium anhydride, metallic chromium, ferrochromium and other ferroalloys on August 19. The repair, which started earlier than planned, will last for some three weeks. According to the…
DetailsIn January-July Electrostal produced 62 thousand tons of continuous cast billets, down 2.9-fold YoY. From January to mid-March the company was completely idle, and now is operating at only a third of its capacity. In July 10 thousand tons of billets were produced, in June – 14 thousand tons, in May – 10 thousand tons,…
DetailsIn January-July the Sukhaya Balka mine produced 1.577 million tons of iron ore, up by 0.8% YoY. In July 209 thousand tons of ore were produced, and in June – 231 thousand tons. Last year the enterprise increased iron ore output by 8.4% YoY, to 2.725 million tons. The mine capacity is 3.1 million tons…
DetailsThe giant leap of electricity tariffs is questioning the further work of Pobuzhye Ferronickel Plant. In particular, in July the tariff grew from 57 UAH per MW-h to 347 UAH and 312 UAH in August. “This is a death penalty for us. Electricity accounts for 45% of all our manufacturing expenses. The new tariff will…
DetailsIn January-June the largest pig iron manufacturer in Russia – Tulachermet – received 721 million rubles of net losses as opposed to a net profit of 2.47 billion rubles in H1 2018. In Q1 losses totaled 228.4 million rubles and in Q2 – 492 million rubles. Revenue in 6 months dropped by 2%, to 28.5…
DetailsIn January-June Asha Iron and Steel Works received 13.5 billion rubles of revenue, up by 6% YoY. Net profit grew 3.8-fold, to 886.84 million rubles. At the same time sales profit dropped by 22%, to 827 million rubles. (Ukrainian metal)
DetailsThe net profit of Chelyabinsk Pipe-Rolling Plant, or ChelPipe, fell by 26% YoY, to 4.179 billion rules in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue from sales decreased by 9.6%, to 85.84 billion rubles, gross profit slid by 0.8%, to 23.288 billion rubles, and the pretax profit dropped by…
DetailsVolnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, has concluded an agreement with Gydrospetsservis LLC to repair a locomotive valued at 11.91 million UAH. During the year the company has to repair the TEM-2U shunting locomotive. The machine was constructed in 1985 at the Bryansk Machine-Building Works. (Ukrainian metal)
DetailsThe dumping margin of Chinese seamless hot-rolled pipe suppliers is 86%. In May the Ministry of economical development started an antidumping investigation on the import of such pipes at Interpipe’s request. According to the company, in 4 years imports of Chinese seamless hot-rolled pipes have increased more than 4-fold. In 2018 deliveries totaled 32 thousand…
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