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Last week the price of one ounce of gold increased by 41.03 manats or by 1.6%. Accordingly, the average price of one ounce of gold stood at 2,573.0747 manats. The price of one ounce of silver grew by 0.5347 manats or by 1.8%, to 29.1772 manats. The price of one ounce of platinum decreased by…
DetailsIn July Russia imported 37.12 thousand tons of stainless steel, up by 27.9% MoM and by 0.9% YoY. Imports of flat rolled metal grew by 26.3% MoM, of bars – by 44.1%, of seamless pipes – by 23.1%, of electric welded pipes – by 50.8%, of wire – by 56.7% and of pipe fittings –…
DetailsThe Moscow subsidiary of the First Cargo Company in January-July transported 946 thousand tons of ferrous scrap, up by 6% YoY. “This year our key clients – Severstal and NLMK – have increased loading of ferrous scrap due to the high demand on the domestic market”, the subsidiary deputy director on transportation Sergey Pronin said.…
DetailsIn January-June Urtuysky Coal Pit increased output by 35.4% YoY, to 1.646 million tons. This year it was decided to increase target output by 10%, to 3.5 million tons. Last year 3.028 million tons of coal were mined. Urtuyskoye deposit reserves amount to 129.4 million tons of coal. (Ukrainian metal)
DetailsMechel-Service has supplies some 1200 tons of rolled metal for the construction of the Khabarovsk bypass road. This is the first public-state partnership project in the Far East transport sphere and the largest in Khabarovsk region. Chelyabinsk Iron and Steel Works rebars and sheets are used in the construction. Metal wares, pipes and bars are…
DetailsAndrey Chernyshov, CEO of a major metal center Permmetal, has left the company. Now the company will be managed via Regionbiznesproekt from Moscow. Permmetal has separate divisions in the cities of Yekaterinburg and Chelyabinsk as well as controls a subsidiary Service Trade LLC in Moscow. In 2018 the company received revenue of 7.8 billion rubles…
DetailsAccording to the Federal Service of State Statistics, in January-June Russia produced 25.6 million tons of pig iron, down by 1.4% YoY. In June output dropped by 3.7% MoM and by 3.1% YoY. Rolled metal manufacture in 6 months grew by 0.2%, to 30.8 million tons. In June output decreased by 3.7% MoM, but increased…
DetailsOperations on the Denisovskaya mine of Russian coal producer Kolmar in the republic of Yakutia were suspended due to a fire on a supporting power utility, an official in the regional emergency services reported. “The mine has been disconnected from electric power, work have been suspended,” the official said, adding that there were no victims…
DetailsSAIL has ordered Energomashspetsstal the delivery of over 1 thousand tons of rolls. The agreement was concluded after a tender held in July. EMSS rolls will be used at the new Rourkela Steel Plant hot-rolling mill-2250. According to the agreement, EMSS will supply 25 supporting rolls with the total weight of 1191 tons in Q2…
DetailsSince 2015 Zaporizhstal has invested 30 million UAH in the support of the child sport, and together with other Metinvest companies and the Shakhter football club has initiated a new social project. Zaporizhstal, Zaporozhogneupor and Zaporozhye Casting and Foundry Works together with the Shakhter club are carrying out a project to provide 300 local children…
DetailsMechel intends to reach agreements with its main creditors to postpone debt-clearing time. In 2016 the company agreed with the state banks and restructured the larger part of its debt, having postponed payments to 2020-2022. The company has started new talks with its creditors believing that the current cash flow will not be enough to…
DetailsChepets Mechanical Works has started trial work to process wastes originated when the company produced uranium tetraftorid. This is the first project in Russia to process uranium tailings bottom sediment. The uranium tetraftorid manufacture (the first stage of uranium conversion) was shut down in 2013. Research showed that the company could now produce ammonium poliuranate…
DetailsCabinet of Ministers has made amendments to the order of using state budget funds for the restructure of coal industry to clear salary debts to miners. The amendments provide for transferring 100 million UAH to pay salary to state miners. 100 million UAH more will be spent to pay for electricity at mines. And 150…
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