A major Asian company has shown interest in the Black Rock investment project to create an iron ore manufacture in Kriviy Rih. It is reported that the investor intends to inject $50 million in the Shimanovsky Mining and Processing Works in return for the construction contract. Earlier Black Rock has addressed several European loan agencies…Details
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In January-July Ferrexpo plc increased pellets output by 2.6% YoY, to 6.165 million tons. Concentrate manufacture grew by 6.5%, to 7.712 million tons. In July the group produced 812 thousand tons of pellets and 1.113 million tons of concentrate. (Ukrainian metal)Details
In January-July Interpipe Steel produced 549 thousand tons of steel, down by 5.8% YoY. In July the company produced 73 thousand tons of steel, while in June – 75 thousand tons. In 2018 Interpipe Steel produced 973.8 thousand tons of round steel billets, up by 15% YoY. (Ukrainian metal)Details
During the Eastern Economic Forum in Vladivostok the Pokrovsky Autoclave Hydrometallurgical Plant will be commissioned. The enterprise will be the third in the country and the largest by capacity. Priamurie region is the third largest gold extractor in Russia. But most of the gold deposits are already depleted, so it was decided to switch to…Details
As of August 15 Ksenievsky Priisk has extracted 925.01 kg of alluvial gold in Zabaikalye region, up by 41% YoY. The growth is explained with successful preparation of sites in 2018. This year the company intends to extract 1300 kg of gold. Thus, the target for the year has already been 71% fulfilled. The company…Details
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…Details
In 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 –…Details
The 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.…Details
In 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)Details
Mechel-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…Details
Andrey 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…Details
According 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…Details