The ChTPZ Group has concluded a 5-year contract with Globaltrans. The document has been signed by ChTPZ CEO Boris Kovalenkov and Globaltrans CEO Valeriy Shpakov. According to the agreement, the New Transport Company, a part of Globaltrans, will be responsible for pipe transportation. Thus, the Globaltrans share in ChTPZ transportation will increase from 30% to…
DetailsIn January-June Russia exported 3.3 million tons of pig iron, up by 34.6% YoY, valued at $1106 million, up by 48.6%. According to the customs statistics, US imported the most pig iron (51.4%, up by 6.1%). Hong Kong started importing Russian pig iron in late 2017 and in 6 months purchased 478 thousand tons. Italy…
DetailsThe governor of Donetsk region Alexander Kuts has discusses with the directors of mines, mayors of mine towns, representatives of power suppliers, Pension Fund, etc. what to do to make the state coal enterprises profitable. “At present there are 15 state coalmining enterprises in the region. As of August 23 they have mined 1.3 million…
DetailsIn July Ukraine increased steel output by 11.4% YoY, to 1.82 million tons, but dropped to the 13th place from the 12th in the Worldsteel rating. The first place is traditionally occupied by China (81.24 million tons, up by 7.2%). Iran took Ukraine’ place, having produced 1.98 million tons of steel, up by 13.2%. In…
DetailsIn January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles. According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles. The company does not comment on the reason of the decrease. (Ukrainian metal)
DetailsIn July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY. In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons. This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)
DetailsIn July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons. The deliveries grew 30-fold YoY. In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)
DetailsAt least 6.5 billion rubles are needed to resume operation of the flooded mines in Partizansk. And the work will last for some 3 years. Suchan-Ugol LLC announced its planes to revive coal industry in Partizanks in January. At present the company is a resident of the Free Port of Vladivostok. The company intends to…
DetailsIn January-July Amur region extracted 12312 kg of gold, down by 14.5% YoY. The decrease is due to the drop of output at Albyn and Pokrovsk mines of Petropavlovsk Plc. Of the total volume 8703 kg (-19%) were provided by the companies developing ore gold deposits. Alluvial gold output remained on the previous year level…
DetailsThe arc furnace shop No. 3 of Zlatoust Electrometallurgical Works has produced the corrosion- and heat-resistant steel EP-410-Sh according to technique, developed by the company specialists. The steel was produced using the electroslag remelting. The slabs with the sizes of 150x500x1200 mm and 210x500x1400 mm were produced to be further processed at the sheet-rolling mills.…
DetailsIn July loading of ferrous metals increased by 8.2% YoY, to 6.6 million tons. Since the beginning of the year the railroad has transported 46.1 million tons of ferrous metals, up by 11.6% YoY. The increase in July was due both to local (+10%) and export (+20%) transportation. Deliveries to Taiwan grew 2.6-fold, to Italy…
DetailsPJSC Severstal, one of the world’s leading vertically integrated steel and mining companies, will reduce its emissions to the atmosphere by almost 700 tons per year following the reconstruction of the coke oven battery No. 4 (KB-4) at the Cherepovets Iron and Steel Works. The project, with a total cost of approximately 6 billion rubles,…
DetailsDTEK Dnepro Grid has decided to limit the delivery of electricity to Dniepropetrovsk Tube Works from August 28 because of the debt of 48 million UAH. “At present the debt of the plant has amounted to 48 million UAH. We have several times agreed not to take measures because of a large number of sub-users…
DetailsEnergomashspetsstal will produce supporting rolls for 2 ArcelorMittal iron and steel works. According to the company statement, two hot-rolling rolls will be shipped to ArcelorMittal Eisenhüttenstadt (Germany). The total weight of the order is 67 tons. The delivery is scheduled for May and August 2019. Another supporting roll weighing 107 tons will be produced for…
DetailsIn January-July the Belarus Iron and Steel Works (BMZ trademark) increased the export of products by 35% YoY, the company’s press service reported. In January-July BMZ exported 1.14 million tons of metal products worth more than $724 million. The export growth made up 135% from the same period in 2017 in money terms and 105.5%…
DetailsThe prices of precious metals increased in Azerbaijan on August 28, according to the data published by the Central Bank. The price of gold went up by 4.913 manats, to 2,056.439 manats per ounce on August 28, compared to the price on August 27. The price of silver grew by 0.0469 manats, to 25.2991 manats…
DetailsThe net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by…
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