Rusal has obtained a license to develop the Goryachegorskoye deposit of nepheline ores, the main raw materials for Achinsk Alumina Plant. According to the estimates the reserves of the deposit will be enough for the plant to operate for 60 years. Achinsk Plant is the largest enterprise in Russia processing nepheline ore to produce alumina.…Details
Tula-Steel intends to start producing steel in late May. The company has plans to enter foreign markets of billets. “Sales volumes will depend on the market situation. But the billets will not be our priority. In the first place we will concentrate on the manufacture of rolled metal”, the company noted. Tula-Steel can export some…Details
A new enterprise started operating in the Kurgan industrial park – Kurgan Works of Energy Techniques. The works will produce steel pipes in PPU and PPM insulation, as well as pipe joints. Until the end of the year the company intends to produce some 23 thousand meters of pipes. Investments in the project totaled 76…Details
Aluminum giant UC RUSAL and energy and metals holding En+ Group of the Russian businessman Oleg Deripaska can reregister in a special administrative zone in Kaliningrad until the end of 2019, Economic Development Minister Maxim Oreshkin declared. “We are working on this and will do all we can on our side,” Oreshkin said. Oreshkin added…Details
In April, Cherepovets Iron and Steel Works increased sales by 2.4% YoY, to 780 thousand tons.
In January-April sales dropped by 0.4%, to 3.3 million tons.
Sales to domestic customers grew by 25%, to 2.24 million tons, while exports fell by 30.4%, to 1.05 million tons. (Ukrainian metal)
Ukraine has prolonged the antidumping investigation on the imports of rods (rebars) of carbon and alloyed steel from Belarus and Moldova. The interdepartmental commission found out that there was a need to prolong the investigation, begun on July 2, 2018, to 15 months. The decision was taken on May 14 and came into effect on…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 128.58 million UAH. This year the company will have to supply 24 thousand tons of granulated sulfur or sulfur lumps with the content of not less than 99.95% at $202 or 5325 UAH per…Details
The director of the Yuzovka Iron and Steel Works (YUMZ) Alexander Petrushechkin has committed suicide. The works is situated in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Putin’s Russia. It is said that Petrushechkin shot himself from his guard’s gun. In January he tried to commit suicide, by striking himself…Details
Gold, silver and platinum prices decreased in Azerbaijan on May 21 compared to the prices of May 20. The price of gold dropped by 1.3515 manats, to 2,168.6475 manats per ounce. The price of silver fell by 0.0007 manats, to 24.5459 manats per ounce. The price of platinum went down by 6.154 manats, to 1,393.915…Details
In January-April, Kazakhstan increased copper output by 8.8% YoY, to 149.5 thousand tons. Raw zinc manufacture totaled 108.2 thousand tons (-1.5%), zinc concentrate – 69.2 thousand tons (-34.2%), aluminum – 528.7 thousand tons (-9.1%), ferroalloys – 706.8 thousand tons (+6.7%), lead concentrate – 29.8 thousand tons (-3.6%) and lead – 45.1 thousand tons (-12.5%). Gold…Details
The melting-foundry complex of VSMPO-Avisma has disassembled its Retek plasma furnace melting chamber. This is the largest plasma furnace in the world. Preparatory work lasted for 3 days. Now the chamber has to be moved out of the shop. In the shop No. 41 the company will separate ferrous metal of the chamber from the…Details
Bar Works Balakovo has set a new record of using steel ladles. The previous record of 127 meltings on average (2018) was exceeded to 133 meltings. At the same time the maximum number of meltings reached 201 (189 in November 2018). This is a record not only for the works, but for all other Russian…Details
Moscow Industrial Bank wants to declare the Krasniy Sulin Iron and Steel Works bankrupt. The works owner Ramzan Isayev plans to invest 52 billion rubles in the rolling line with the capacity of 1.5 million tons of metal per year. The investor owes the bank over 2.11 billion rubles, while the project is still in…Details
Ferrexpo AG will squeeze out Poltava Mining and Processing Works shares from minority shareholders.
The price of each share will be 34.24 UAH with their nominal cost of 9.96 UAH.
Ferrexpo AG owns 189,313.087 million ordinary shares, or 99.11% of PGOK. (Ukrainian metal)
Ukraine has started an antidumping investigation on the import of steel seamless hot-deformed pipes from China.
The investigation was initiated by Interpipe Niko Tube.
The Ministry of Economical Development and Trade has been tasked with the investigation. (Ukrainian metal)
Pavel Vasev, Head of Procurement at Magnitogorsk Iron and Steel Works (MMK), became the winner of the “Best Procurement Director” award for 2019. Large-scale changes in procurement activities carried out at MMK have significantly improved the efficiency of the company’s supply chain. This is the second year in a row that the rating of procurement…Details
In early March, Darasunsky Mine LLC put into operation its processing factory in Tungokochensky district of Zabaikalye region in test mode. The project to process Darasun ores is in the development. By Q3, the company plans to have commissioned the full cycle of processing. So far the factory has processed 3973 tons of ore and…Details
As of May 1, Magadan region has extracted 9065.1 kg of gold and 213.4 tons of silver. Gold output grew by 3404.3 kg YoY, while silver fell by 16.8 tons. Tenkinsky city district yielded the most ore gold – 6171.5 kg, while alluvial gold was extracted in Susuman, Yagodinsky and Tenkinsky districts. Omsuchanksy district was…Details
Kyshtym Electrolytic Copper Plant has assembled two bridge remote-controlled cranes in its copper foil shop, which is currently under construction.
The new machinery with the lifting capacity of 10 tons was produced by Verta.
When the two cranes are commissioned, the two old 5-ton cranes will be disassembled. (Ukrainian metal)
Severstal and the Italian company Tenaris will have started constructing the joint venture to produce welded pipes for oil and gas industry in Surgut by early 2020. The capacity will reach 300 thousand tons per year. The joint venture is expected to be created in 2 years. On May 13, the deal was approved by…Details
On May 16, the Dnepr District Administrative Court opened a case on the claim of ArcelorMittal Kriviy Rih to the Office of major taxpayers of the State Fiscal Service. The company wants to cancel the office decision obliging it to pay 114.6 million UAH of profit tax and 57.3 million UAH of fines. In February,…Details
On May 15, the Dnepr District Administrative Court opened a case on the Severniy Mining and Processing Works demanding the Office of major taxpayers of the State Fiscal Service to cancel its decision to increase income tax by 112.8 million UAH. Central GOK sues the office because of the tax increase by 106.1 million UAH.…Details
In January-February, Ukraine exported 2.71 million tons of metal, or 88% of all metal produced. In January-February 2018 the export share was 84.8% (2.64 million tons of 3.11 million tons produced). Semi-finished products accounted for 47.53% of exports, up from 43.19% last year. The share of flat rolled metal also grew – from 31.91% to…Details
Torex-Khabarovsk LLC, managing the Amurstal works, intends in 2020 to start modernization of the manufacture with investments at 7.5 billion rubles. The modernization is necessary due to the underloading of capacities by more than 50% because of the shortage of scrap. After modernization the works capacity will grow 3.3-fold, from 900 thousand tons per year…Details