Prices of precious metals increased in Azerbaijan on May 24 compared to the prices of May 23. The price of gold grew by 18.343 manats, to 2,182.5705 manats per ounce. The price of silver went up by 0.2394 manats, to 24.7752 manats per ounce. The price of platinum increased by 7.089 manats, to 1,364.7345 manats…Details
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TUV SUD specialists have inspected Krasniy Octyabr Iron and Steel Works. In particular, the inspectors checked the company quality and environment management systems. The ISO 9001 and ISO 14001 certificates have been issued for 3 years, but in 2020 and 2021 the specialists will visit the plant again for an interim inspection. (Ukrainian metal)Details
According to the Federal Service of State Statistics, in April, industrial prices grew by 0.5% MoM, but dropped by 0.6% YtD. In metal industry, prices increased by 2.2% MoM and by 6.3% YoY, with prices in January-April up by 6.4% YoY. In particular, pig iron, steel and ferroalloys prices went up by 3.6%, copper –…Details
Sergey Fedorov has been appointed a new CEO of Beloretsk Iron and Steel Works. He has replaced Victor Kamelin, who has been serving in the office for almost 10 years. Fedorov has graduated from the Magnitogorsk Mining and Metallurgical Institute with a specialization in metal pressure treatment. In 1984-2009 he had been working at the…Details
At the public hearings ArcelorMittal Kriviy Rih has presented a report on the planned reconstruction of the wire mill No. 1 influence on the environment. The project will see two loop layers and two wire-addition systems replaced by Danieli. The capacity of the mill will not increase. In order to increase it, the company will…Details
Several of fifteen miners of the Georgian Manganese in the western town of Chiatura have sewn their mouths in protest as the company refuses to fulfill their demands regarding increased salaries. The miners went on strike on May 15, demanding a 50% increase in salaries, improved healthcare, working conditions and nutrition and banning the movement…Details
In January-March silver output in Russia decrease by 10.9% YoY, to 223.28 tons. The drop is due to the decrease of secondary silver deliveries to refining works – by 34%, to 47.93 tons. At the same time silver extraction remained almost on the previous level – 99.2 tons. Output of accompanying silver did not change…Details
In January-March, Russia produced 58.12 tons of gold, up by 12.6% YoY. Gold extracting grew by 15.5%, to 45.95 tons. Manufacture of accompanying gold totaled 4.32 tons, up by 21%, and of secondary gold – 7.85 tons, down by 4.9%. The main suppliers of gold were Magadan region and the Chukotka Autonomous District. (Ukrainian metal)Details
According to the Federal Service of State Statistics, in January-April, Russia produced 1.5 million tons of metal structures, up by 18.1% YoY. In April, metal structures output grew by 6.5% YoY and by 0.5% MoM. (Ukrainian metal)Details
In January-March, Mechel produced 930 thousand tons of steel, down by 12% YoY, but up by 3% QoQ. The manufacture of bars totaled 607 thousand tons, down by 11% YoY and by 2% QoQ, and flat rolled metal – 114 thousand tons, down by 17%, but up by 26% respectively. Bars manufacture at the rail…Details
In January-March, Mechel net profit grew 3.44-fold YoY and 7-fold QoQ, to 11.336 billion rubles. Gross profit increased 3.3-fold YoY, to 11.714 billion rubles. EBITDA dropped by 17%, to 15.322 billion rubles, though it grew by 2% QoQ. The group net debt as of March 31 was 456.585 billion rubles ad opposed to 467.704 billion…Details
In March, Turkey decreased pig iron exports by 23.4% YoY, to 235 thousand tons. According to TUIK, money-wise imports dropped by 25.7%, to $120 million. In particular, deliveries from Ukraine decreased by 54%, to 50 thousand tons, and from Russia by 3.57%, to 258 thousand tons. (Ukrainian metal)Details
President of Kazakhstan Kassym-Jomart Tokayev has visited the Aktobe Ferroalloy Plant of the Transnational Company Kazchrome JSC. The Head of State got familiar with the industrial process and the performance indicators of one of Kazakhstan’s metallurgy flagships. Besides, the People’s Oversight project, in which people with disabilities are involved in ensuring occupational health and safety…Details