The state concern Ukrpromvneshekspertisa forecasts that prices of ferrous scrap will fall by 3.5-3.6%, to 5.3-5.5 thousand UAH per ton. Local metal companies will be cautiously decreasing the price of raw materials purchased due to the drop of rolled metal cost on world markets. But the price drop will not be considerable, as scrap procurement…Details
In January-June Russia produced 1,7 million tons of construction metal structures, down by 5% YoY.
As of early Q3 average price was on the level of Q4 2018 – some 97 thousand rubles per ton.
Yet, it is 11% higher compared with late 2017. (Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) delivered more than 314,000 tons of steel products to the automotive industry in the first half of 2019, exceeding the previous year’s figure for the same period by 23%. The share of shipments to the automotive industry in the first six months amounted to 7.5% of MMK’s supplies to…Details
NLMK Lipetsk, NLMK Group’s flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in Russia. NLMK’s NGO steel will be used to manufacture generators for the Azov wind farm, Rostov region’s first-ever renewable energy project. The 90 MW Azov…Details
In case of the exploitation of Amulsar mine, it will raise the environmental standards of Armenia to an unprecedented level, PM Pashinyan announced during a Facebook live broadcast. ”In case Amulsar is exploited under the existing conditions, it will be exploited under unprecedented environmental standards for the Republic of Armenia. We bring to an unprecedented…Details
Evraz ZSMK has added another type of sections to its export portfolio. The company has mastered the manufacture of rails according to the Korean standard of KS R 9106:2006R. The 50 N rails are lightweight and are used in the construction of subway. The company is ready to produce a trial batch. Since 2015 the…Details
Prime Minister Nikol Pashinyan has said during the closed meeting regarding the fate of the Amulsar gold mine that at this moment there are no grounds to order a new audit. “The prime minister has said that currently there are no grounds to suspend, he didn’t say that it should be operated. At this moment…Details
Fasteners of weatherproof steel are used in the construction of bridges, power energy structures and other objects with lack of maintenance in complex climatic conditions. Because of alloying a natural protecting layer appears on the wares, thus they need no further painting. As a result the cost of maintenance is much lower. Such steel is…Details
In January-July 13.769 tons of gold were extracted in Khabarovsk region, up by 5% YoY.
Ore gold accounted for 11.161 tons, up by 4.5%.
And the alluvial gold extraction increased by 7.4%, to 2.608 tons.
The annual output plan is 24.9 tons of gold. (Ukrainian metal)
Severstal and Altaiwagon have signed a yearlong agreement on the delivery of 1.5 thousand tons of hot-rolled metal each month. The minimal volume of metal delivered will reach 18 thousand tons. Cherepovets Iron and Steel Works supplies metal from the hot-rolling mills 2000 and 2800 for the manufacture of the rolling stock. Especially for the…Details
MidUral Group is shutting down its operation for a scheduled and preventive repair a month earlier. Klyuchevsky Ferroalloys Works and Russkiy Chrome 1915 simultaneously stopped manufacturing chromium oxide, chromium anhydride, metallic chromium, ferrochromium and other ferroalloys on August 19. The repair, which started earlier than planned, will last for some three weeks. According to the…Details
In January-July Electrostal produced 62 thousand tons of continuous cast billets, down 2.9-fold YoY. From January to mid-March the company was completely idle, and now is operating at only a third of its capacity. In July 10 thousand tons of billets were produced, in June – 14 thousand tons, in May – 10 thousand tons,…Details
In January-July the Sukhaya Balka mine produced 1.577 million tons of iron ore, up by 0.8% YoY. In July 209 thousand tons of ore were produced, and in June – 231 thousand tons. Last year the enterprise increased iron ore output by 8.4% YoY, to 2.725 million tons. The mine capacity is 3.1 million tons…Details
The giant leap of electricity tariffs is questioning the further work of Pobuzhye Ferronickel Plant. In particular, in July the tariff grew from 57 UAH per MW-h to 347 UAH and 312 UAH in August. “This is a death penalty for us. Electricity accounts for 45% of all our manufacturing expenses. The new tariff will…Details
In January-June the largest pig iron manufacturer in Russia – Tulachermet – received 721 million rubles of net losses as opposed to a net profit of 2.47 billion rubles in H1 2018. In Q1 losses totaled 228.4 million rubles and in Q2 – 492 million rubles. Revenue in 6 months dropped by 2%, to 28.5…Details
In January-June Asha Iron and Steel Works received 13.5 billion rubles of revenue, up by 6% YoY.
Net profit grew 3.8-fold, to 886.84 million rubles.
At the same time sales profit dropped by 22%, to 827 million rubles. (Ukrainian metal)
The net profit of Chelyabinsk Pipe-Rolling Plant, or ChelPipe, fell by 26% YoY, to 4.179 billion rules in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue from sales decreased by 9.6%, to 85.84 billion rubles, gross profit slid by 0.8%, to 23.288 billion rubles, and the pretax profit dropped by…Details
Volnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, has concluded an agreement with Gydrospetsservis LLC to repair a locomotive valued at 11.91 million UAH.
During the year the company has to repair the TEM-2U shunting locomotive.
The machine was constructed in 1985 at the Bryansk Machine-Building Works. (Ukrainian metal)
The dumping margin of Chinese seamless hot-rolled pipe suppliers is 86%. In May the Ministry of economical development started an antidumping investigation on the import of such pipes at Interpipe’s request. According to the company, in 4 years imports of Chinese seamless hot-rolled pipes have increased more than 4-fold. In 2018 deliveries totaled 32 thousand…Details
A major Asian company has shown interest in the Black Rock investment project to create an iron ore manufacture in Kriviy Rih. It is reported that the investor intends to inject $50 million in the Shimanovsky Mining and Processing Works in return for the construction contract. Earlier Black Rock has addressed several European loan agencies…Details
In January-July Ferrexpo plc increased pellets output by 2.6% YoY, to 6.165 million tons.
Concentrate manufacture grew by 6.5%, to 7.712 million tons.
In July the group produced 812 thousand tons of pellets and 1.113 million tons of concentrate. (Ukrainian metal)
After capital repairs a two-section locomotive has returned to Central Mining and Processing Works.
All the electric equipment has been restored in the machine.
The renewed locomotive will be transporting rock from Gleyevatsky quarry. (Ukrainian metal)
In January-July Interpipe Steel produced 549 thousand tons of steel, down by 5.8% YoY.
In July the company produced 73 thousand tons of steel, while in June – 75 thousand tons.
In 2018 Interpipe Steel produced 973.8 thousand tons of round steel billets, up by 15% YoY. (Ukrainian metal)
During the Eastern Economic Forum in Vladivostok the Pokrovsky Autoclave Hydrometallurgical Plant will be commissioned. The enterprise will be the third in the country and the largest by capacity. Priamurie region is the third largest gold extractor in Russia. But most of the gold deposits are already depleted, so it was decided to switch to…Details