The gold-extracting company Vitimgeoprom, operating on the territory of the Republic of Buryatia and the Zabaikalye region, intends to yield some 270 kg of gold this season. This year the company will be operating at the Uakit and Zverevskiy sites in Buryatia and Belokopchi and Akril sites in Zabaikalye region, just as last year. In…Details
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NLMK Metalware, a part of NLMK Group’s Long Products Division, started supplying a new type of steel products – 7×50 mm galvanized furniture fasteners used in the production of cabinet furniture. The first batch of this popular fastener has already been shipped to consumers. Furniture fasteners (confirmat screws) are used for furniture assembly, joinery and…Details
“We will provide the necessary assistance in the implementation of the project for further development of Makmal field,” the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev said at a meeting on the further development of Makmal. Earlier Kyrgyzaltyn OJSC held an investment tender for creation of a joint venture for further development of Makmal mine. Manson…Details
In January-February Ukraine exported 2.71 million tons of metal, or 88% of the total amount produced. Last year the share was 84.8%, or 2.64 million tons of 3.11 million tons produced. Semi-finished steel products accounted for 47.53% of exports, up from 43.19% last year. The share of the flat metal was 33.35% against 31.91%, while…Details
The price of one ounce of gold decreased by 43.418 manats or by 1.9% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,218.2875 manats. The price of one ounce of silver dropped by 0.6647 manats or by 1,06%, to 25.917 manats. The price of one ounce of platinum…Details
Cherepovets Iron and Steel Works blast furnace No. 4 has turned 50. The blast furnace produces one fourth of all the company pig iron. The furnace was blown on March 27, 1969, and the first pig iron was produced on March 29. The volume of the furnace was 2.7 thousand cubic meters, and the capacity…Details
In 2018 Belarus Iron and Steel Works produced 2.4 million tons of steel, with bars manufacture at 2.1 million tons, seamless pipes – 139 thousand tons, metal cord – 92 thousand tons, and wire – 332 thousand tons. Revenue reached $1.5 billion. Last year BMZ exported metal to 66 countries. The main markets are EU…Details
ArcelorMittal Temirtau has purchased three coal cutter-loaders from Yasinovataya Machine-Building Works situated on the territory of the Russia-occupied Donetsk region in Ukraine, the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia. The price of the contract, concluded in June 2018, was $1.65 million. Paramjit Kahlon, the CEO of the AMT, is…Details
In January-February domestic consumers received 555.9 thousand tons of rolled metal, with 186.9 thousand tons, or 33.6% imported. In January-February 2018, domestic market consumed 663.1 thousand tons, of which 193.1 thousand tons, or 29.1% were imported. Thus, this year metal consumption dropped by 16.2%, with imports down by 3.2%. Most metal was supplied from the…Details
This year Unisteel intends to increase cold-rolled galvanized metal output to 70 thousand tons. According to the company CEO Sergey Miroshnichenko, in 2017 Unisteel sold 14.8 thousand tons of metal mostly domestically. “In 2018 sales reached some 35 thousand tons. This year we intend to double them”, he said. Around 20% of metal was exported…Details
The state enterprise Yuzhniy Machine-Building Works named after Makarov has concluded and agreement with the Joint Ukrainian-Turkish enterprise Ecologia LLC on the delivery of rolled titanium valued at 30.5 million UAH. This year the company will receive 10 tons of titanium sheets with the size of 11x1100x2300 mm at 3050 UAH ($112) per kg. Last…Details
From April 1, Metinvest will increase wages to its employees by 15% on average. The salary of the directors of Metinvest enterprises and employees of the managing company will not increase. Last year Metinvest increased the wages twice: in April they grew by 20%, and in October – by 10%. In 2018 the average salary…Details
In 2018 rare-earth metals consumption in Russia totaled 1.2 thousand tons, while in China – 100 thousand tons. Thus, the local market is still weak. The main consumption industries are manufacture of catalysts, glass and optics. Consumption could grow, according to the experts, by increasing catalysts output and by developing the metal industry. At present…Details