Precious metal prices decreased in Azerbaijan on May 10 compared to the prices on May 8. The price of gold dropped by 0.7225 manats, to 2,187.3900 manats per ounce. The price of silver fell by 0.2697 manats, to 25.1462 manats per ounce. The price of platinum went down by 29.461 manats, to 1,457.5290 manats per…Details
Tulachermet has replaced its bridge crane. The preparation for the replacement lasted for a week. The 10-storey high crane had to be set in place without damaging nearby pipelines. At present the engineers are preparing to test the crane. After the inspection it will be put into operation, and the old crane will be disassembled.…Details
After a scheduled 2-week repair NLMK has put its blast furnace No. 7 Rossiyanka into operation. The repair allowed the group to start reconstruction of the blast furnace No. 6. The reconstruction, to last for some 130 days, will start in late May. During this period, Rossiyanka will provide over a third of all pig…Details
The board of directors of Buryatzoloto, a part of Nordgold, developing the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, decided to transfer licenses to its daughter companies. In particular, Zun-Kholba LLC will be operating at the Zun-Kholbinskoye gold ore deposit as well as prospecting at the Pionerskoye deposit. The company will have 6…Details
In January-April, Ukraine exported 3.812 thousand tons of coke valued at $909 thousand, down 2.3-fold and 2.6-fold YoY respectively. The main customers were Romania (36.7%), Russia (20.77%) and Moldova (20.55%). At the same time, coke imports dropped by 13%, to 389.6 thousand tons valued at $120.63 million, down by 14.1%. The main suppliers were Russia…Details
Specialists of the German company Achenbach Buschhutten, one of the world’s leading manufacturers of aluminum alloys, have conducted an audit of the technical equipment of the company CNPT, launched in 2013 at the Ganja Aluminum Plant, the Azerbaijan Industrial Corporation (AIC) reported. Specialists of the German company conducted the audit at the invitation of the…Details
In January-March, Polyus Verninskoye produced 2.08 tons of gold, up by 30% QoQ and by 14% YoY.
Average gold content grew by 10% QoQ, to 2.9 g per ton.
Rock mining increased by 35%, to 5.6 thousand tons.
Ore output totaled 978 thousand tons, up by 51% QoQ. (Ukrainian metal)
In March, Russia produced 4.15 million tons of pig iron, down by 7.1% YoY, with 3.75 million tons produced in February. In Q1 pig iron output dropped by 6.9% YoY, to 12.05 million tons. Ukraine, though no longer a part of CIS, in March increased pig iron output by 9.3% YoY, to 1.834 million tons,…Details
In April, Zabaikalye railroad transported 1.3 million tons of cargo, up by 7.6% YoY. In January-April, transportation grew by 8.5% YoY, to 5.9 million tons. In particular, the railroad transported 3.7 million tons of coal, up by 3.4%, 136.3 thousand tons of ferrous scrap, up by 14%, 106.7 thousand tons of metal wares, up by…Details
ArcelorMittal Kriviy Rih is completing the preparation of its social facilities for summer season. They are three country tourist camps, two children’s camps and two health complexes on the Black and Azov seaside. The maintenance of all social facilities, including Dzherelo sanatorium-preventorium, will cost the company UAH 103 million. In addition, the metallurgical plant will…Details
In January-April, Ukraine imported 22.404 thousand tons of scrap valued at $11.368 million, up by 76.4%, but down by 0.6% YoY respectively.
The main suppliers were Russia (49.09%), Turkey (43.03%) and Korea (3%). (Ukrainian metal)
Kamensk-Uralsky Iron and Steel Works decided not to publish its financial report on 2018. The financial results will be approved at the general meeting of the shareholders on May 23. In 2017, KUMZ received 24.98 billion rubles of revenue, up by 10% YoY. Sales profit grew by 10%, to 3.97 billion rubles, but net profit…Details
In January-April, Sverdlovsk region railroad transported 11.9 million tons of cargo, up by 0.2% YoY. In April throughput dropped by 0.9%, to 17.5 billion ton-km. In particular, transportation of ferrous metals grew by 7.9%, to 3.6 million tons, of ferrous scrap – by 0.3%, to 728.4 thousand tons, of iron and manganese ore – by…Details
The department of the inner market protection of the Eurasian Economic Committee has started an antidumping investigation of the aluminum belt originating from Azerbaijan and China and imported to the territory of the Union. The information available points to dumping imports of aluminum belt, produced by Azerbaijani and Chinese companies, and damages to the EAEU…Details
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy. The strategy aims to allow the company to maintain the leading position in the metals and mining industry and continuously enhance the company’s efficiency. In 2015, Metalloinvest announced…Details
Deliveries of MMK’s rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The company plans to further expand its presence in the domestic market. Deputy General Director of Sales at PJSC MMK…Details
In 2018 Azovstal received 3.57 billion UAH of net profit as opposed to 130.947 million UAH of net loss in 2017.
EBITDA totaled 4.372 billion UAH.
Net income grew by 18.8%, to 81.96 billion UAH.
Undistributed profit reached 9.72 billion UAH. (Ukrainian metal)
In January-April, Ukraine decreased scrap exports 7.6-fold YoY, to 28.429 thousand tons. According to the State Fiscal Service, in monetary terms exports dropped 9.6-fold, to $7.655 million. In April Ukraine exported 8.791 thousand tons of scrap, in March – 8.246 thousand tons, in February – 8.252 thousand tons and in January – 3.14 thousand tons.…Details
Gold and silver prices increased in Azerbaijan on May 8 compared to the prices of May 7. The price of gold grew by 7.565 manats, to 2,188.1125 manats per ounce. The price of silver went up by 0.0697 manats, to 25.4159 manats per ounce. At the same time the price of platinum decreased by 13.396…Details
Composition of the Board of Directors of Kyrgyzaltyn OJSC has changed. Zamirbek Alymbekov replaced Anvar Estemesov. In addition, Askar Oskombaev (Chairman) and Suerkul Bakirov remained members of the Board of Directors. Suerkul Bakirov became a member of the Board of Directors in December 2018 after Emil Osmonbetov was appointed the Chairman of the State Committee…Details
Reddragmet Engineering is commissioning manufacture of tungsten concentrate of tail dumps of Bom-Gorkhonskaya Processing Factory in Zabaikalye region. The company specialists have already started assembling two processing modules. The trial commissioning is scheduled for May 15. The company plans to extract tungsten concentrate from waste. The total volume of tail dumps of the factory is…Details
A plant to produce tool steel is under construction in the Yurino hamlet in Mariy El. The company is being created under a priority project of investment cooperation between the republic and Chinese regions. Investments are estimated at some $5 million, with 80 million rubles already spent. The design capacity of the plant will be…Details
The medium-section shop of Evraz ZSMK has produced 50 million tons of rolled metal since commissioning of its mill-450. The mill-450 was put into operation in 1976 as one of the largest rolling mills of the USSR. Now the shop produces around 600 thousand tons of construction rolled metal per year. Evraz ZSMK is the…Details
In late April – early May, Ukrzaliznytsia announced new auctions to sell scrap. In particular, the company will sell 8 lots of scrap with the combined volume of 47.9 thousand tons through the Prozorro system. The first three lots, announced on April 27, will be auctioned on May 10. Another 5 lots, announced on May…Details