Mechel-Service has supplied the first 1.5 thousand tons of flanged beams to its new warehouse in Vidnoye, Moscow region. The warehouse will stock a wide range of flanged beams and channel produced by Chelyabinsk Iron and Steel Works. This is the second beam warehouse. It will supply beams to the customers in the Central, Northwestern…Details
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Krasnobrodskiy Coal Pit, a subsidiary of Kuzbassrazrezugol, has received two new TEM7A locomotives. The modernization of the rolling stock is provided for by the company railroad transport development program. Investments in the program in 2018-2019 exceed 1 billion rubles. The new locomotives will replace outdated OPE-1 models. As Kuzbassrazrezugol ships over 1.5 thousand railroad cars…Details
Yekaterinburg Non-Ferrous Metals Processing Works has received a report of the independent auditor, represented by PriceWaterhouseCoppers Audit, on the inspection of its gold refining in 2018. As a result of the inspection the company received a positive report. “The gold refining report for 2018 shows all the actions taken by the company comply with the…Details
Zagorsky Pipe Works has shipped the first pipes for Gazprom’s Northern supplies. Gazprom will receive 87 thousand tons of large diameter pipes; in particular, ZTZ will produce 1020-1040 mm diameter pipes with the wall thickness of 15-21.6 mm in three-layer outer insulation. Pipes have to be delivered by November. Last year ZTZ supplied over 112…Details
Vietnam government has announced the imposition of protective duties on the billets originating from Kazakhstan and Malaysia. The duty will be introduced on June 13 and will be valid until March 21, 2020. Protective duties on billets and bars were imposed in 2016. At present their size is 17.3% and 10.9% respectively. The duties were…Details
In 2017-2018 Ukrainian metal and mining companies increased investments in environment protection. In particular, expenses of the iron ore processors grew by 30.3%, to 7.3 billion UAH, and metal companies – by 25.5%, to 5.9 billion UAH. The share of the industry in the overall expenses in Ukraine increased from 17.7% to 21.4% and from…Details
In January-March, Russia exported 31.2 thousand tons of raw nickel valued at $378 million. Compared with Q1 2018, this is down by 7.2% and by 15.2% respectively. In March the average price of nickel was $13104 per ton FOB Russian border, down by 1.8% YoY. (Ukrainian metal)Details
In January-March, Russia exported 231.5 thousand tons of copper in primary forms as well as wire rod valued at $1409 million, up by 5.8%, but down by 5.9% YoY respectively. In March the average price of copper in primary forms was $6211 per ton FOB Russian border, down by 8.3%. Wire rod price was $6238…Details
Serebro Magadana, a part of Polymetal, developing gold and silver deposits in the Magadan region, will put into operation a new warehouse of chemical reagents at the Lunnoye deposit in Q3. The construction of the warehouse is nearing construction. The warehouse will be able to store up to 3.4 tons of chemical reagents. Last year,…Details
Severstal has been approved by Nissan Manufacturing RUS to supply its galvanized rolled metal of NST780X and NST980X grades. The company has confirmed its technical compliance with the client’s demands and received a right to supply metal for the mass production of Nissan cars in Russia. Moreover, under its large-scale reconstruction program Severstal has started…Details
In 2018 Ferrexpo enterprises paid 2.4 billion UAH of taxes to the budgets of all levels. In particular, Poltava Mining and Processing Works paid 1957 million UAH of taxes, Yeristovo GOK – 407.1 million UAH and Belanovsky GOK – 11.3 million UAH. PGOK paid 237 million UAH to the local budget, 139 million UAH to…Details
In 2018 Metinvest was placed 42nd in the rating of the largest steel producers, published by World Steel Association. Last year the group produced 9.37 million tons of steel, down from 9.59 million tons in 2017. In 2017 Metinvest was also placed 42nd. But before it lost its assets in Eastern Ukraine, seized by Russia-controlled…Details
PJSC Magnitogorsk Iron and Steel Works (MMK) announced that on May 31 the Annual General Meeting of Shareholders was held in Magnitogorsk. The AGM approved the annual report and accounts for 2018 and the payment of dividends. Based on the results of Q4 2018, dividends will be paid in the amount of 1.398 rubles (before…Details