The prices of main precious metals increased in Azerbaijan on June 7, according to the data published by the Central Bank. The cost of gold increased by 0.6545 manats, to 2,205.325 manats per ounce compared to the price on June 6. The cost of silver increased by 0.2545 manats, to 28.3367 manats per ounce. The…Details
The increase of the export duty for ferrous scrap from 30 euros per ton to 42 euros will not directly affect Ukrainian obligations under the Association agreement with EU. According to the vice-prime minister on European and Euroatlantic integration Ivanna Klympush-Tsintsadze, exporters of scrap to EU paid the duty of 7.5 euros per ton and…Details
In May Ukraine produced 1.58 million tons of pig iron, down by 4% MoM. Steel smelting dropped by 2%, to 1.695 million tons, while rolled metal manufacture grew by 3%, to 1.55 million tons. The decrease in pig iron and steel production is the result of ArcelorMittal Kriviy Rih blast furnace No. 9 repair. Pig…Details
In January-May Ukraine exported 251 thousand tons of scrap, up 2.5-fold YoY, valued at $83.5 million, up 3.9-fold. According to the State Fiscal Service, in May 34.54 thousand tons of scrap were exported, in April – 76.331 thousand tons, in March – 53.67 thousand tons, in February – 52.63 thousand tons and in January- 33.814…Details
The property of the Troitsk Iron and Steel Works LLC, which had to be used to produce metallic manganese, has been put up for sale. The price of the enterprise is 1 billion rubles. The total size of the manufacturing site is 18 ha. The plans to produce manganese included the manufacture of 33 thousand…Details
Within investment projects Karelsky Okatysh is automating the concentrate-processing sections and assembling iron-content analyzers. Each part of the section will have the maximum number of measuring devices. Now the equipment is assembled in one pilot section, after that it will be assembled in 11 more. All of the 12 sections will also have iron-content analyzers.…Details
Osinnikovskya mine of Raspadskaya Coal Company has put into operation a new long face with the reserves of 2.2 million tons of coal. Average coal output at the long face is expected at 180 thousand tons. The reserves of the long face will be enough for a year. After the coal is processed at the…Details
Magnitogorsk Iron and Steel Works (MMK) has published a video titled “MMK – Caring About the Future” describing its environmental efforts. The six-minute video presents the results of MMK’s environmental activities in the past few years in a clear and simple way, and outlines the company’s mid-term environmental plans. The video summarizes an enormous amount…Details
Metinvest, the vertically integrated group of steel and mining companies, is pleased to note the inclusion of two of its bond issues in the JPMorgan Corporate Emerging Markets Bond Index series (CEMBI), a global benchmark tracking US-dollar denominated debt issued by emerging market corporations. The bonds were issued on April 23 following the successful completion…Details
The minister of energy and coal industry Igor Nasalik has blamed the acting director of the state enterprise Selidovugol Sergey Pakhomov for the bad conditions of the mines and the inability to manage the enterprise. According to the minister, out of 60 million UAH provided in January to develop mines, only 12 million have been…Details
Miners of the site No. 2 of the Belozerskaya mine set a new record, having extracted 105.352 thousand tons of coal from one long face in May. This is the DTEK Dobropolyeugol best result in its history. The average daily output was 3512 tons. DTEK has invested 193.5 million UAH in the long face. (Ukrainian…Details
The Northeastern manufacturing and geological enterprise (a part of the state holding Rosgeologia) has started bringing cargo and machinery to the Kremovaya site in Chukotka. There the enterprise is prospecting for gold. The corresponding contract with the department of subsoil use was concluded last year. The geologists must find gold-silver ore objects within the territory.…Details
In May the Northern Railroads transported 5.114 million tons of cargo, up by 3.1% YoY.
In particular, ferrous metals transportation increased by 2.6%, to 3.9 million tons.
Scrap transportation dropped by 4%, to 0.3 million tons, while that of coal decreased by 26%, to 1.3 million tons. (Ukrainian metal)
Beloretsk Iron and Steel Works has presented a project on the acid-free wire manufacture. The company has shut down the etching department of its wire shop, reconstructed the drawing mills and put into operation new water purifying machinery. Instead of the etching lines, two foreign descaling lines have been commissioned. All this allowed the company…Details
Severstal will install a new supporting roll at the 5000-mill in the sheet-rolling shop of the Cherepovets Iron and Steel Works in Kolpino. The roll has already been delivered to the site. Soon the shop specialists will assemble it. The roll with the diameter of 2.3 meters, the length of 11 meters and the weight…Details
In May Yuzhniy Mining and Processing Works decreased concentrate output by 0.2% YoY, to 1.042 million tons. According to the company statement, sinter manufactured dropped by 0.9%, to 151.6 thousand tons. In January-May UGOK produced 5054.2 thousand tons of concentrate and 806.5 thousand tons of sinter, down by 0.6%, but up by 8.6% YoY respectively.…Details
Russia’s aluminum exports decreased by 43.1% MoM, to 172,000 tons in April, the Federal Customs Service said on June 6. In monetary terms, aluminum exports fell by 45.6%, to $325.9 million. In January-April exports rose by 15.7% YoY, to 1.013 million tons in volume terms, but dropped by 41.9%, to $1.952 billion in monetary terms.…Details
The Prime Minister of Kyrgyzstan, Mukhammedkaly Abylgaziev, instructed to speed up preparations for the contest and conduct outreach activities among the local population on the importance of extending the term of Makmal gold field, the press service of the Cabinet reported. The head of government held a working meeting to discuss the current activities of…Details
Irshansk Mining and Processing Works has ordered Star-car LLC a car valued at 1.25 million UAH.
The company will supply Toyota Highlander (Elegance).
Star-car received the order without competition.
The expected price was 1.3 million UAH. (Ukrainian metal)
The flooding of the mines on Ukraine-uncontrolled part of Donbass gradually results in the same processes in mines that are situated on the controlled territory. “For example, the volume of water that floods the Zolotaya mine (controlled territory) is 940 tons per hour”, the deputy minister on temporarily occupied territories and internally displaced persons Georgy…Details
Torex, owner of Amurstal, and Posco Daewoo Corporation have signed a memorandum on deliveries. By the end of the year Amurstal will have additionally exported 300 thousand tons of steel billets to South Korea. South-Eastern Asia countries account for 60% of the company sales, with 40% supplied to the domestic market. The company employs 3…Details
In January-May Russia mined 176.17 million tons of coal, up by 5.5% YoY. SUEK companies contributed 47.25 million tons, up by 1.8%. Kuzbassrazrezugol mined 17.78 million tons, down by 5.5%. It is followed by SDS-Ugol with 10.82 million tons, up by 6.2%. Vostsibugol extracted 6.13 million tons, up by 11.7%. In 5 months Russia exported…Details
Ferrexpo believes the Belanovsky Mining and Processing Works will reach its full capacity (20-30 million tons per year) not earlier than in 2023. According to the company investors and communications manager Ingrid McMahon, the GOK has already started mining ore. At the same time, full capacity might be reached much later, as everything depends on…Details
The European Commission has stopped the antidumping investigation of the imports of ferrosilicon with Ukrainian origin.
Following the investigation, Ukrainian products will not be affected by antidumping duties on the EU market.
In 2017 Ukraine exported $54.7 million worth of ferrosilicon to EU, up by $17.8 million YoY. (Ukrainian metal)
Ferrexpo is minimizing pellets sales on the markets of the Eastern Europe, at the same time increasing deliveries to constant buyers of premium products in Germany and Austria, South Korea and Japan. “We are not leaving the markets of the Eastern Europe, but we are gradually decreasing exports there, re-orienting on our main customers, in…Details
Russia marked Environment Day on June 5 – an important date for Magnitogorsk Iron and Steel Works (MMK), as the company annually invests billions of rubles in environmental activities. Employees of MMK’s environmental laboratory, created three decades ago, celebrated their professional holiday. Ongoing reduction of the plant’s environmental impact and adoption of the best available…Details