On August 31, the Federal Antimonopoly Service will review the development of competitiveness on the market of graphitized electrodes. A special commission has been created in view of the current situation, connected with the sharp increase of prices for graphitized electrodes in 2017. The event will discuss a number of factors influencing the price formation,…Details
The blast furnace No. 5 Severyanka of Cherepovets Iron and Steel Works has produced the 120-millionth ton of pig iron. The BF was first blown in on April 12, 1986, and the first pig iron was produced on April 13. For the next 20 years Severyanka has been the largest furnace in the world and…Details
In June Metinvest increased metal sales by 10.5% YoY and by 5.5% MoM, to 1.113 million tons. Earnings grew by 35.7% YoY and by 0.3% MoM, to $608 million. Mining sales decreased by 12.6% YoY and by 23.9% MoM, to 1.294 million tons, valued at $112 million, up by 0.9% YoY, but down by 14.5%…Details
In July Ukraine increased iron ore raw materials output by 202 thousand tons MoM, to 6.015 million tons. Concentrate and sinter ore manufacture went up from 125.6 thousand tons to 137.4 thousand tons, while that of sinter and pellets dropped from 68.2 thousand tons to 56.6 thousand tons. Iron ore raw materials deliveries to Ukrainian…Details
The Ukrainian government intends to reform the coal industry and special measures are already being implemented to strengthen the country’s energy security, Prime Minister Volodymyr Groysman stated in a speech on the occasion of Miner’s Day, the government’s website reports. “For many years there has been and still is a burning need to put into…Details
In July Russia produced 5.585 million tons of steel, down by 8% YoY (5.341 million tons in June). In January-July steel output dropped by 0.5% YoY, to 40.925 million tons. Ukraine produced 1.81 million tons of steel, down by 12.9% YoY (1.593 million tons in June), and 12.314 million tons in 7 months, down by…Details
As of August 27, Brindakit LLC, extracting gold in Yakutia, washed 65 kg of gold, with 45 kg obtained from the Brindakit deposits and 20 from the Bam deposits. This year the company intends to obtain 100 kg of gold. Thus the target has been 65% fulfilled. In 2016 Brindakit LLC planned to get 80…Details
Izhstal has passed the supervisory audit on the correspondence of its quality management system to the ISO 9001:2008 and the controlling check of manufacture to CPR 305/2011. According to the company statement, the audit and the check have been carried out by TUV SUD specialists. They inspected rolling and steel shops, documentation, etc. The experts…Details
The crushing-processing factory of Sheregesh mine (a part of Evrazruda) within the program to process wastes has put into operation a new diffusing complex. Evraz investments into the project exceeded 5 million rubles. The new complex will reduce waste storage by 200 thousand tons per year, as well as decrease transportation costs. The annual savings…Details
In January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…Details
In January-June Mechel mined 10.331 million tons of coal, down by 10% YoY. According to the group statement, steel output in 6 months increased by 5%, to 2.22 million tons, pig iron remained almost flat YoY, at 2.04 million tons. In Q2 Mechel decreased coke sales by 9% because of unstable market situation. “The metal…Details
The gold output of Nordgold, controlled by the Russian businessman Alexei Mordashov, increased by 15% YoY, to 486,200 ounces in January-June, the company said in a statement on August 28. Combined production grew due to a 28% increase of output at the Berezitovy mine, to a 21% increase of output at the Taparko mine, to…Details
Priargunskoye Manufacturing Mining and Chemical Enterprise has put into operation the 7D horizon of the uranium mine No. 8, bringing it to the project capacity of 366 thousand tons of ore (705 tons of uranium) per year. The horizon has been put into operation a year and a half earlier. Instead of 3.5 years, all…Details
In 2017 Orion Group+ LLC intends to wash 40 kg of alluvial gold, down by 26 kg YoY. “Our company is not large, and this year the output will be smaller, as our license is expiring. But we intend to prolong it”, the company director Anatoly Chesnokov said. The company will not participate in auctions…Details
The VSMPO-Avisma board of directors has recommended the shareholders to make a decision to pay dividends for the first half of 2017 in the volume of 762.7 rubles per ordinary share. In H1 2016 VSMPO-Avisma dividends totaled 816 rubles per share, thus this year they could decrease by 6.5%. The decision on dividends will be…Details
Electrozinc has assembled the longest part of the mist separator flue to the new sanitary discharge pipe at its sulfuric acid shop. The work is being done under the reconstruction and modernization program to improve the sanitation situation in the city of Vladikavkaz. To assemble the flue with the length of 30 meters, diameter of…Details
In January-July Taraz Iron and Steel Works increased ferrosilicomanganese exports to Russia 2-fold YoY, to 4.658 thousand tons. According to the company statement, TMZ is increasing capacity. In August the company created an industrial park with the size of 41 hectares, where its manufacturing, administrative and warehousing premises are located, as well as gas infrastructure.…Details
The largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016. Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ,…Details
The Mednogorsk Copper-Sulfur Works has started constructing a new sulfuric acid warehouse with the capacity of 12 thousand tons. The cost of the project, including equipment, is 400 million rubles. By the end of the year the contractor has to have constructed the foundation for tanks and pump station. The site will be commissioned in…Details
In July Ukraine decreased consumption of coal by 19.4% YoY, to 3.57 million tons, but up by 11.3% MoM.
According to the State Statistics Service, in 2016 Ukraine consumed 31.3 million tons of coal, up by 9.4% YoY.
In June coal consumption decreased by 21.5% YoY, to 3.2 million tons. (Ukrainian metal)
Within the TechFest to be held in Dnipro on September 16-17, Interpipe will present an interactive sensor video wall with a game “Ship pipes to Dubai or wheels to Saudi Arabia”. All in all Interpipe will present 4 events at the Modern Metal Manufacture exhibition. Among them: the virtual tour of the pipe and wheel…Details
A fire on the territory of Novosibirsk Iron and Steel Works named after Kuzmin has been extinguished.
The accident took place on August 27.
The firefighters have evacuated 6 people. There have been no casualties.
Furniture and employees personal belongings were on fire in the shop No. 4 basement. (Ukrainian metal)
“In 2018-2023 we plan to put 7 new processing factories into operation with the annual capacity of 24.5 million tons. This will allow creating 1570 new jobs and processing 90% of coal mined in Kuzbass. Later on we plan to process all the coal mined here”, the Kemerovo region governor Aman Tulyeev declared. At present…Details
In July Russia produced 4.915 million tons of pig iron, down by 7.6% YoY (4.55 million tons in June). In January-July Russian pig iron output dropped by 2.6% YoY, to 35.101 million tons. Ukraine produced 1.79 million tons of pig iron in July, down by 13.8% YoY (1.52 million tons in June), with 14.031 million…Details