“Downgrading of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan to an agency will bury the mining industry,” Chairman of the Mining and Metallurgical Trade Union Eldar Tadzhibaev declared. According to him, proposals on creation of an independent Ministry of Energy and the restoration of the State Agency for Geology and Mineral…Details
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In January Russia produced 4.15 million tons of pig iron, down by 7.8% YoY (4.715 million tons in December 2018). Ukraine, no longer a part of CIS, decreased pig iron output by 9.6%, to 1.789 million tons (1.832 million tons). Kazakhstan produced 250 thousand tons of pig iron, down by 20.4% (260 thousand tons). All…Details
In 2019 Beringpromugol LLC plans to extract 750 thousand tons of coal in Chukotka. The company will be developing the Fandyushkinskoye field deposit. Last year the company received a license to prospect and extract at the Zapadniy site till September 2038, as well as prolonged its license for the Levoberezhniy site till 2038. In 2018…Details
On March 1 Belarus Iron and Steel Works put into operation a new machine to produce metal cord for bulk and extremely bulk tyres. The GCR machine was assembled in the steel wire shop No. 2. This is the only shop at the company to produce such a cord. It has improved strength because of…Details
The Uralelectromed powder shop has received a new Gecam mill. The mill processes the surface of wares made of copper powder. Previously wares were treated manually. The machine will do it 3-4 times faster and is expected to process some 20 to 30 thousand spare parts per month. (Ukrainian metal)Details
Ukrainian President Petro Poroshenko took part in the launch of a continuous casting machine No. 4 of the Mariupol Ilyich Iron and Steel Works. “I was pleased to learn that the company had a sharp increase in wages in the second half of 2018. And the average salary at the enterprise is UAH 18,000 ($670).…Details
Verkhovna Rada has approved as a whole the decree to decrease the ferrous scrap shortage on the domestic market by increasing the scrap export duty from 42 euro to 48 euro per ton and prolonging it for three years. 234 members of the Parliament voted in favor of the decree. This is the third decree.…Details
Cherepovets Iron and Steel Works has been smelting steel for 10 years. On March 1, 2009, the converter shop, electric arc furnace shop and limestone-dolomite shop were united into the steel-smelting manufacture. In 10 years the combined output of converter and electric steel exceeded 110 million tons. In 2018 the company produced 9.9 million tons.…Details
This year Ukrzaliznytsia (Ukrainian Railways) intends to actively sell scrap and outdated cars and earn some 2 billion UAH. Since late 2018 Ukrzaliznytsia has started selling scrap via the Prozorro.Sales program. At that time the company put its first four lots for sale with the combined initial cost of 260 million UAH. In January the…Details
The bar rolling shop No. 2 of the Uzbekistan Iron and Steel Works is finishing the project to organize manufacture of carbon steel rolled wire. The main machinery has already been assembled at the mill-300. Commissioning is scheduled for April 15. As the result of the project the company will be able to produce rolled…Details
In February Zaporizhstal increased steel output by 3.7% YoY, to 329.7 thousand tons. Pig iron manufacture grew by 0.7%, to 360.9 thousand tons. At the same time the rolled metal output dropped by 3.5%, to 277 thousand tons. In January-February steel production went up by 0.4% YoY, pig iron dropped by 2.9% and rolled metal…Details
The prices of gold and silver decreased in Azerbaijan on March 1. The price of gold dropped by 9.571 manats, to 2,232.5505 manats per ounce compared to the price on February 28. The price of silver fell by 0.2674 manats, to 26.5122 manats per ounce. At the same time the price of platinum grew by…Details
In 2018, the total financial benefit of the introduction of innovation suggestions at the Magnitogorsk Iron and Steel Works (MMK) amounted to 453.6 million rubles. Last year, MMK’s expert commission considered 5,792 proposals, of which 3,872 (66.8%) were selected as innovative ideas to be implemented. Traditionally, most of the ideas submitted addressed the issues of…Details