Baikal Mining Company belonging to billionaire Alisher Usmanov has started building a plant on the Udokan copper deposit and plans to launch the first $2.1-billion stage in 2022, the company said in a statement on September 5. The annual capacity is planned at 12 million tons of ore and can rise later to 48 million…Details
Under the contract with ArcelorMittal, Energomashspetsstal has supplied 250 tons of finished metal products to Kazakhstan. The batch consisted of 10 units of bulk and heavyweight products. In particular, for ArcelorMittal Temirtau EMSS has produced 6 slag ladles with the volume of 16 cubic meters and 4 supporting rolls for the hot- and cold-rolling mills.…Details
In July world pig iron output grew by 6% YoY, to 107.767 million tons, according to World Steel Association. As usual, China is leading with 67.515 million tons. Ukraine produced 1.767 million tons of pig iron, securing the 9th place, followed by Taiwan with 1.3 million tons. In August Ukraine produced 1.733 million tons of…Details
In August, according to railroad statistics, deliveries (including imports) of steel products (rolled metal and pipes) to the bases of the major Russian trade enterprises and networks totaled 0.86 million tons.
This is up by 13.9% YoY.
In 8 months deliveries fell by 0.9% YoY, to 7.2 million tons. (Ukrainian metal)
In August 1.43 million tons of metal were delivered via railroad to the major Russian metal and pipe works.
According to the railroad statistics, this is the increase of 17.6% YoY.
In January-August metal deliveries reached 8.8 million tons, up by 3.4% YoY. (Ukrainian metal)
In August Russian metal companies shipped 5.15 million tons of metal via railroad, up by 3.5% YoY. Sales to domestic market dropped by 5.9%, to 3.02 million tons, while exports grew by 20.6%, to 2.13 million tons. In January-August metal sales via railroad reached 42.8 million tons, up by 5.3% YoY, with local deliveries up…Details
In August 6.42 million tons of ferrous metals were transported via railroads, up by 7.8% YoY. Deliveries to the domestic market totaled 3.7 million tons, up by 0.1%, with exports up by 28.4%, to 2.29 million tons, but imports down by 16.2%, to 335.8 thousand tons. In January-August transportation reached 52 million tons, up by…Details
A new horizontal curing line valued at 123 million rubles has been assembled at the cable shop of Electrocable. It will increase control and ship cable output by 10-20%. Annually Electrocable produced over 2.5 thousand ship and cargo cables in coating without halogens. All the products are approved by the Russian River Register and Russian…Details
Severstal – Bar Works Balakovo has shipped the 3-millioth ton of metal. The anniversary ton consisting of rebars No. 16 was shipped to the A Group metal trader in Moscow region. The bars manufactured in Balakovo are supplied via metal traders and Severstal Distribution for the construction of a number of projects all over Russia.…Details
Chelyabinsk Iron and Steel Works has expanded the size portfolio of its I-beam used in construction. In particular, the company rail and beam mill has started producing the 16B2 beam. ChMK has certificates for the complete I-beam range according to the new GOST in effect since May 1. At present the company can produce over 60…Details
The department of the inner market protection of the Eurasian Economic Committee reports the start of the antidumping investigation on hot-deformed seamless pipes of corrosion-resistant steel produced by China and imported into EAEU. The investigation has been initiated at the request of major Russian pipe enterprises. At present antidumping duties are imposed by EU and…Details
In August Yuzhniy Mining and Processing Works produced 1038.9 thousand tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output dropped by 36.2%, to 104.6 thousand tons. In January-August UGOK produced 8143.5 thousand tons of concentrate and 1055.7 thousand tons of sinter, down by 0.3% and by 12.8% YoY respectively. In…Details
The prices of some precious metals decreased in Azerbaijan on September 5, according to the data published by the Central Bank. The price of gold dropped by 10.5825 manats, to 2,029.0265 manats per ounce on September 5, compared to the price on September 4. The price of silver fell by 0.5654 manats, to 24.0524 manats…Details
On August 27 Verkhnevolzhsky Service Metal Center opened a warehouse of coil steel with the size of 2625 square meters. The warehouse can accommodate up to 1810 coils, which completely meets the manufacturing capacities of the company. To service the clients the new site has two bridge cranes with the lifting capacity of 16 tons.…Details
The largest receivers of VAT among metal companies in August were Azovstal and Mariupol Ilyich Iron and Steel Works – 687.2 million UAH (636.6 million UAH in July) and 557.8 million UAH (908.9 million UAH) respectively. Zaporizhstal received 423.2 million UAH (562.9 million UAH), while ArcelorMittal Kriviy Rih – 375.8 million UAH (992.8 million UAH).…Details
In January-July Ferrexpo exported 5.768 million tons of iron ore pellets. In particular PGOK exported 4.465 million tons and EGOK – 1.303 million tons. Karelsky Okatysh (Russia) exported 3.239 million tons of pellets. Metinvest exports totaled 2.979 million tons, including CGOK – 1.348 million tons and SevGOK – 1.631 million tons. Metalloinvest (Russia) exported 2.353…Details
Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…Details
Caljan Rite-Hite, which produces loading transporters and elevators, has purchased the mechanical shop of the Liepājas metalurgs. There the company intends to assemble its own manufacture. According to company director Gatis Dradeika, the negotiations with the Citadele bank on the purchase were long and complex, as they involved a third party – the state. Caljan…Details
In August Ukraine decreased steel production by 0.5% MoM, to 1.806 million tons. Pig iron manufacture dropped by 2%, to 1.733 million tons, while that of rolled metal grew by 1%, to 1.515 million tons. In January-August Ukraine produced 14 million tons of steel, 13.65 million tons of pig iron and 12.27 million tons of…Details
Energomashspetsstal has fulfilled another order of LASCO Umformtechnik GmbH by supplying a bulk hammer frame to Germany. According to the agreement, the billet weighing 61 tons was processed at EMSS and shipped in August. So far this is the 16th hammer frame produced by EMSS for LASCO. The companies have been cooperating for over 9…Details
In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…Details
In January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…Details
According to the Russian Railroads, in August transportation volumes reached 108.4 million tons, up from 107.6 million tons in July and by 2% YoY. In January-August railroads transported 857.8 million tons, up by 2.9% YoY. In particular, iron and manganese ores accounted for 77. million tons, up by 5.4%, ferrous metals – 52.5 million tons,…Details
The gas supplies to the Mikhailovsky Mining and Processing Works have been suspended following an accident at the gas pipeline in Kursk region.
This is the fifth accident on Gazprom pipelines since the start of the year.
Because of the accident MGOK has suspended the manufacture of pellets. (Ukrainian metal)
Titan, the works of the Ukrainian oligarch Dmitry Firtash in Russia-occupied Crimea, is working on Ukrainian raw materials from Zhitomir region. The following scheme is used to supply the ilmenite: Odessa port – Samsun port under fictitious contract – Kerch. “Ukraine really has to do with the environment catastrophe in Crimea. But the thing is…Details
A shutdown of the Nadvoitsy Aluminum Smelter is long overdue, but aluminum giant RUSAL has not discussed closure of its other plants, Industry and Trade Minister Denis Manturov declared on September 4. “Concerning shutting and preservation works at the other facilities, I am unaware of anything of the kind. Maybe there are rumors or discussions…Details