Subsidiaries of the United Mining and Chemical Company have concluded agreements with the Eco-Service Trading House LLC on the delivery of fuel valued at 280.96 million UAH. In particular, Volnogorsk Mining and Processing Works ordered 8275 tons of diesel fuel at 30 thousand UAH per ton for the total amount of 248.25 million UAH. This…
DetailsEnergomashspetsstal is continuing its cooperation with ArcelorMittal. In January the company received an order from the European company of ArcelorMittal – Belval & Differdange to produce and supply two rolls for the hot-rolling mill. The total weight of the rolls will be 68.7 tons. According to the contract, they have to be shipped in Q3.…
DetailsOn the night of December 31, 2018, a part of a ten-storey apartment building in Magnitogorsk collapsed following a gas explosion. The explosion and subsequent collapse claimed the lives of 39 people. Employees of Magnitogorsk Iron and Steel Works (MMK) and the MMK Group were involved from the beginning of the rescue effort. MMK deployed…
DetailsKolmar, Inaglinsky Mining and Processing Works and AVIC (China) will jointly construct the Inaglinskaya 2 processing factory. The construction will be carried out in 2 stages. The enterprise capacity will be 12 million tons of coal per year. The agreement valued at 3.5 billion rubles was signed on December 25, 2018. (Ukrainian metal)
DetailsUralelectromed has put into operation a new stationary crane manipulator produced by Velmash. In just a week the machine has already processed over 200 tons of non-ferrous scrap. The new hydraulic manipulator has replaced an outdated one. The investments in the machine totaled 2.2 million rubles. (Ukrainian metal)
DetailsIn January-November 2018 Russia exported 2.79 million tons of raw aluminum, up by 4.4% YoY, valued at $4.903 billion. According to the Federal Customs Service, nickel exports dropped by 3.7%, to 122.1 thousand tons, valued at $1.594 billion, up by 25.2%. Copper exports increased by 15.7%, to 612.3 thousand tons, valued at $3.89 billion, up…
DetailsKarabashmed has commissioned the second of three Kumera converters. Two new converters with the capacity of 150 tons each will increase raw copper manufacture by 15-20%. The third converter will be commissioned this year, while the old machines will be disassembled. (Ukrainian metal)
DetailsIn January-November 2018 the share of metal and wares in the overall import structure grew to 7.2% from 7.9% last year. In particular, in imports from far foreign countries their share increased to 5.9% from 5.7%, and from CIS countries – to 17.6% from 16.8%. According to the Federal Customs Service, in money terms imports…
DetailsMetinvest has gathered all the 100% of Central Mining and Processing Works shares. As of December 31, 2018 Metinvest B. V. share in the statutory capital of CGOK grew from 49.751% to 50%, and taking into account the share of Metinvest Management B. V. (50%), the group consolidated 100%. Metinvest B. V. purchased shares on…
DetailsOn January 4-11, nearly 65 million rubles of MMK funds were transferred to the personal bank accounts of victims and relatives of those victims affected by the residential building collapse in Magnitogorsk. The charity fund Metallurg, which distributes MMK’s targeted assistance funds, reported that as of January 11, 162 people who had been affected in…
DetailsThe gold, silver and palladium prices for increased in Azerbaijan. The price of gold grew by 1.0455 manats, to 2,195.0315 manats per ounce on January 15 compared to the price on January 14. The price of silver went up by 0.192 manats, to 26.6463 manats per ounce. The price of platinum dropped by 6.5535 manats,…
DetailsMariupol metal works products are transported via railroad to the ports of Olvia, Nikolayev and Yuzhniy in Odessa and Nikolayev regions. Previously all Metinvest metal was shipped through the Mariupol Sea Trade Port. “Because of the Azov Sea blockade, the weather conditions and the geopolitical situation, a lot of metal is shipped via ports of…
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