The board of directors of Polymetal International plc has approved of the Amur Iron and Steel Works-2 project and allowed the construction. The second line of the Amur Works autoclave department (Amur-2) will considerably increase the company ore reserves, amounting to some 55% of the overall reserves. The manufacture is expected to increase by 30-35…Details
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Aleksandrinskaya Mining Company has won the right to develop the Salavatsky copper ore site in the Republic of Bashkortostan. The size of the site is 2.09 square km. The reserves are estimated at 208.7 million tons of ore and 992.6 thousand tons of copper with the average content of 0.48%. The company has to start…Details
In 2018 Karabashmed produced 139.2 thousand tons of raw copper, up by 12.5% YoY. Copper content was 99.2% with the target of 98.9%. Kyshtym Electrolytic Copper Plant produced 139.3 thousand tons of copper cathodes, up by 8%. In Q1 2018 the company commissioned two new rows of 40 electrolytic baths each, bringing the shop capacity…Details
In 2018 Izhstal exported 56 thousand tons of metal, up 1.5-fold YoY. In particular, exports to far foreign countries grew more than 3-fold, to 28 thousand tons, and to CIS – by 4%, to 28 thousand tons. Belarus is one of the priority export markets, accounting for 30% – last year Izhstal exported 17 thousand…Details
In January Ukraine exported 103.8 million tons of ferroalloys valued at $112.7 million, up by 28.4% MoM. The share of ferroalloys in the overall exports totaled 2.77%. 27 million tons, or 23.9%, were sold to Italy, 19.1 million tons (16.97%) to Turkey and 9.7 million tons (8.57%) to the Netherlands. In January Ukraine imported 2.7…Details
Vyksa Iron and Steel Works will assemble a new seamless pipes producing machine. The machinery will be supplied by Danieli. The design capacity of the machinery is 0.5 million tons of pipes per year. The commissioning is scheduled for 2021. (Ukrainian metal)Details
In 2018 the Belarusian steel mill BMZ exported over 2 million tons of metal products worth over $1.25 billion, up by 25.9% YoY. Last year BMZ exported steel products to 66 countries. Europe accounted for 49.1% of BMZ’s exports, the CIS for 24.2% and Asia for 11.9%. The share of Africa and the Americas was…Details
In January Ukraine exported $234.6 million worth of iron ore and concentrate, down by 2.44% YoY. Volume-wise exports dropped by 0.28%, to 3.152 million. According to the State Fiscal Service, iron ore raw materials accounted for 5.77% of all exports. China, Poland and the Czech Republic purchased almost half of all ore. The share of…Details
In January Ukraine increased scrap imports by 40.5% YoY, to 3.846 thousand tons. The cost of scrap imported dropped by 19.7%, to $2.417 million. The main suppliers of scrap were Turkey (54.7%), Russia (34.8%) and South Korea (8.36%). (Ukrainian metal)Details
In January Ukraine exported 3.14 thousand tons of scrap, down 10.8-fold YoY. According to the State Fiscal Service, the value of the scrap exported dropped 10.6-fold, to $936 thousand. In December 2018 Ukraine exported 7.488 thousand tons of scrap. The main customers were Turkey (75.61%), the Netherlands (16.9%) and Germany (3.74%). (Ukrainian metal)Details
Interpipe has won a tender to supply 1.674 thousand tons of steel pipes to Ukrtransgaz. The cost of the pipes is 109.186 million UAH. The auction was held on February 11. Trading House Trubizolkomplekt offered to supply pipes for 109.265 million UAH. The pipes have to be delivered from March 1 through December 31. (Ukrainian…Details
In January Yuzhniy Mining and Processing Works increased concentrate output by 4.6% YoY, to 1.102 million tons. According to the company statement, sinter manufacture dropped by 19.6%, to 105.7 thousand tons. In 2018 UGOK produced 12.247 million tons of concentrate and 1746.3 thousand tons of sinter, down by 0.2% and by 6.04% YoY respectively. (Ukrainian…Details
Zaporizhstal decided to attract $18 million from Ukrgazbank. The decision has been taken at an extraordinary meeting of the shareholders. The shareholders have approved of taking a loan of $18 million for 5 years with the interest rate of 7% to 9%. The company CEO Rostislav Shurma, or an individual acting as a CEO, has…Details