Mines of the two state enterprises – Toretskugol and Lisichanskugol – have received warnings that they will not be provided with electricity due to debts. At some enterprises electricity has already been partially cut off. The trade unions noted that the order of the Cabinet of Ministers to provide 450 million UAH from the state…Details
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Energomashspetsstal has concluded an agreement with the daughter company of the global industrial concern SalzgitterAG. Salzgitter Flachstahl GmbH has become the new business partner of the company. According to the agreement, EMSS will produce and ship 2 supporting rolls to Germany. The total weight of the rolls to be delivered in Q4 is 80 tons.…Details
In January-March Electrostal Tyumeni produced 131.3 thousand tons of rolled metal, including 33 thousand tons of bars, up by 53% YoY. The company intends to have reached its full design capacity by late 2019. Last year Electrostal Tyumeni sold 549 thousand tons of rolled metal, up by 17% YoY. The company has mastered the manufacture…Details
Severstal Steel Decisions has started manufacturing metal structures for the construction of two buildings of foundries of the Cherepovets Iron and Steel Works blast furnace No. 3. The total volume of the order is over 5 thousand tons. The first thousand tons have already been produced at the site in Orel. Metal structures will be…Details
In January-March Ukraine exported $2.42 billion worth of ferrous metals, up by 14.6% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.69% of the total export revenue as opposed to 22.6% in Q1 2018. In March revenue totaled $758.63 million. Imports in Q1 dropped by 3.4%, to $271.33 million ($96.17 million in…Details
Gold prices increased in Azerbaijan on April 10 compared to the prices on April 9. The price of gold grew by 5.2785 manats, to 2,214.2415 manats per ounce. The price of silver decreased by 0.1211 manats, to 25.824 manats per ounce. The price of platinum fell by 21.08 manats, to 1,514.717 manats. And the price…Details
The first exchange trades on the sale of gold were held at the Uzbek Commodity Exchange (UZEX). The Almalyk Mining Metallurgical Complex acted as the gold seller. Following the auction, 600 grams of Au-1 gold were sold for more than 209 million soums. The exchange quotation was fixed almost at the starting price level and…Details
Severstal Distribution is recovering a multi-million debt from the Vyborg Ship-building Works. The company has filed a suit to the Arbitrary Court of St. Petersburg and the Leningrad region. Severstal Distribution intends to receive 65 million rubles from the shipbuilders. In November 2018 – January 2019 the shipbuilding works purchased 60.9 million rubles worth of…Details
In 2018 investments in prospecting on the territory of the Khabarovsk region totaled 3.5 billion rubles, of which 2.9 billion rubles were invested by private companies, and 574 million rubles spent from the federal budget. Gold reserves grew by 24 tons. At present 62 enterprises are engaged in the prospecting of precious metals in the…Details
The Norilsk Nickel Investment committee has approved of projects to decrease pollution and improve environment situation at the Monchegorsk site of the Kola Iron and Steel Company. In particular, the fourth technological system of the sulfur acid shop will be modernized, and the electric filters in the dust-exhausting department of the refining shop will be…Details
Severstal has concluded an agreement with Ust-Kamenogorsk Technical Machinery Works (Kazakhstan) on the delivery of an electric filter for the dust-exhausting system in the Cherepovets Iron and Steel Works sinter manufacture. The new equipment has been developed to fit the size of the old electric filter. Investments in the project amount to 100 million rubles.…Details
In 2018 Sibantrazit enterprises (Sibirsky Antrazit, Razrez Vostochniy LLC and Razrez Kiyzasskiy LLC) mined 24.1 million tons of coal and sold 23.7 million tons. The group revenue reached 132.8 billion rubles, up 1.9-fold YoY. Taxes paid amounted to 12.5 billion rubles, with profit tax accounting for 8.4 billion rubles. (Ukrainian metal)Details
In January-February Russia imported 0.86 million tons of ferrous metals, down by 23.5% YoY. In February imports fell by 14% MoM, to 0.458 million tons. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, waste and scrap totaled 0.726 million tons, down by 13.5% YoY. In February imports…Details