The supervision procedure will last in the Belstal company till October 22. The bankruptcy process was initiated by Atlasspetsstroy LLC, as Belstal owed it 7.82 million rubles for special machinery and transport. Several years ago Belstal announced its plans to construct a mini-metallurgical plant with the capacity of 500 thousand to 1.25 million tons per…Details
ArcelorMittal Kriviy Rih has won the tender to supply rebars for the construction of the railroad between the city of Kiev and the Boprispol airport. On July 23 the first batch of 62 tons of rebars with the diameter of 32 mm and the length of 12 m was shipped. Altogether AMKR will supply some…Details
In January-June the Republic of Buryatia extracted 2128.9 kg of gold, on the previous year level.
At the same time ore gold output increased by 8% YoY, to 1712.8 kg, while that of alluvial gold dropped by 24%, to 416.1 kg.
Last year the republic yielded 5677.9 kg of gold. (Ukrainian metal)
Rosgeologia will carry our prospecting works for ore gold on Levoberezhnoye ore field.
The corresponding agreement has been concluded in summer.
The site with the size of 6.62 square km is situated in the Cherek district of the Republic of Kabardino-Balkaria.
The project is to be completed by early 2021. (Ukrainian metal)
The Central Processing Factory Pechorskaya of Vorkutaugol has successfully finished an experiment to improve quality of the coal concentrate and has started supplying it to Cherepovets Iron and Steel Works. The project to decrease ash content in the concentrate began in April. As the result of the experiments, the ash content was decreased to 8%.…Details
In January-June Ukraine exported 7.82 million tons of rolled metal, or 84.6% of all the metal manufacture, almost on par with H1 2017 level.
Semi-finished products accounted for 44.9%, up from 41.2%.
Flat rolled metal was 33.3% against 33.9% last year.
Bars’ share dropped to 21.8% from 24.9%. (Ukrainian metal)
The net profit of VSMPO-Avisma fell by 0.9% YoY, to 8.716 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a report on July 26.
Revenue increased by 5.7%, to 38.282 billion rubles.
Titanium sales grew by almost 6%, to 15,000 tons in the period. (Prime/Ukrainian metal)
In January-June companies received 2.081 million tons of rolled metal, with 653.3 thousand tons, or 31.4% imported. In H1 2017 the market consumed 1.971 million tons of rolled metal, with 575.3 thousand tons, or 29.2% imported. Thus, rolled metal consumption increased by 5.6%, with the import share up by 13.6%. Bars accounted for 48.6% and…Details
The magnetite (iron ore) concentrate drying shop of the Bystrinsky Mining and Processing Works has been commissioned. The first batch of the dry iron ore concentrate will be shipped on October 1. Concentrate drying to decrease its moisture will be carried out from October till April. The shop has three drying cylinders with the capacity…Details
Mechel-Service has supplied 300 tons of beams for the construction of 2 sports facilities in the city of Novosibirsk: the center of the artistic gymnastics and the volleyball arena. The beams were produced at the Chelyabinsk Iron and Steel Works on the rail and beam mill commissioned in 2013. ChMK also supplies rebars and sheets…Details
In January-June Russky Ugol mined over 1.6 million tons of coal in Amur region, up by 5% YoY.
The Severo-Vostochny pit, the oldest coalmining enterprise in the region, exceeded the output target by 25%.
The mining there started in 1932. (Ukrainian metal)
Severstal has mastered the manufacture of polymer-coated rolled metal with the colored backside. Thanks to using protective colored enamel on the backside instead of the traditional grey, the cost of the final product becomes lower compared with the double-sided coating. Another novelty is the Steel Cashmere – GRS (glide rain slim). This is galvanized metal…Details
In January-June Vyksa Iron and Steel Works produced over 425 thousand tons of railroad wheels. The increase in the output is the result of the growing demand, including from the main customer – the Russian Railroads. “The works capacities allow quickly reacting to the changes on the market. Thanks to the efficiency of the manufacture…Details
In January-June KAZ Minerals increased copper output by 18% YoY, to 139.6 thousand tons. The main driver of the growth was the higher processing at the Aktogay factory. In Q2 the company reached its design capacity. In H1 Bozshakol GOK produced 49.8 thousand tons of copper, Aktogay GOK – 60.5 thousand tons, and Bozumchak mine…Details
Prices for precious metals in Azerbaijan continue on July 26 the rise, which started on July 23, according to the data published by the Central Bank. The price of gold increased by 11,7725 manats, to 2093,6775 manats per ounce on July 26, compared to the price on July 25. The price of silver increased by…Details
Steel production of the U.K.-based mining giant Evraz, which operates mainly in Russia, shrank by 2.3% YoY, to 6.832 million tons in January-June, the company said in a statement on July 26. Cast iron production fell by 7.7%, to 5.252 million tons in the period. In April-June the company’s steel output fell by 3.9% QoQ,…Details
In January-May Belarus increased metal output by 9.3% YoY, to Br2.9 billion. Metal products accounted for 6% in the overall industrial output. Belarus exports metal to Russia, Lithuania, Germany, the Netherlands, Poland, and Ukraine. In 5 months $920.6 million worth of metal were exported, or 7.1% of the total exports. The metal industry is represented…Details
Stoilensky Mining and Processing Works will optimize the delivery of the ore from the quarry to the processing factory.
In particular, the company will build infrastructure to decrease the railroad route by 5 km.
The new railroad will be commissioned in 2020. (Ukrainian metal)
Russian Copper Company has finished modernization of the copper wire rod manufacture at the Kyshtym Electrolytic Copper Plant. Within the project a casting machine has been replaced, and a new Southwire breaking-down rolling mill has been assembled, as well as auxiliary equipment. The project allowed increasing the copper wire rod line capacity from 13 tons…Details
Beloretsk Iron and Steel Works has implemented the electronic workflow with its customers. The system has proved efficient in the tests with RZhD Trading House. The electronic workflow decreases time to deliver documents and expenses on posting and paper, as well as speeds up operation. So far the electronic workflow has been implemented with a…Details
Krasniy Octyabr Iron and Steel Works is constructing a new Danieli dry gas cleaning system. The construction is carried out according to the schedule. The first stage of the foundation pit creation has been complete. The concrete works have been performed in 23 hours, with 605 cubic meters of concrete laid. The next stage is…Details
In January-June Karelsky Okatysh produced almost 5.6 million tons of pellets. In Q2 pellets output grew by 31% QoQ, to 3.12 million tons. “The first half-year was finished with very good results. We not only meet our business plan, but also work better than last year. At the same time, we had to move the…Details
OEMK, a part of Metalloinvest, has opened a warehouse for the storage and shipment of finished products. This will enable OEMK to increase production of rolled steel products, including high quality rolled steel (SBQ), by 60,000 tons per year. The company invested approximately 320 million rubles in the construction of the warehouse. The building consists…Details
Several dozens of Krivoy Rog citizens went on a strike at the city council building. The people protested against the construction of the mineral fertilizers processing shop on the territory of the Krivoy Rog Central Ore Repairing Works, a part of Metinvest. They believe the new chemical manufacture will affect the city ecology and the…Details
In January-June Zaporozhye Aluminum Works increased its net profit 71.7% YoY, to 390.898 million UAH.
The uncovered losses as of the late June totaled 6.619 billion UAH.
In H1 the works did not produce anything.
In 2017 ZALK decreased net losses 2.9-fold YoY, to 279.486 million UAH. (Ukrainian metal)
Prices of precious metals rose in price on July 25, according to the data published by the Central Bank. The price of gold increased by 9,3415 manats, to 2081,905 manats per ounce on July 25, compared to the price on July 24. The price of silver increased by 0,1892 manats, to 26,2956 manats per ounce.…Details