In January-October ferrous metals exports reached 38.435 million tons, up by 11.4% YoY. According to the Federal Customs Service, ferrous metals exports, without pig iron, ferroalloys, waste and scrap, was 25.293 million tons, up by 7.2%. Deliveries of semi-finished carbon steel products totaled 13.145 million tons, up by 12.1%. Flat rolled metal exports dropped by…Details
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Russian steelmaker Severstal will supply 300,000 tons of rolled stock to the Zagorsky Pipe Plant (ZTZ) in 2019 for production of large diameter pipes, the companies said in a joint statement after signing a relevant agreement. “Severstal already has experience in metal supplies for ZTZ. Such agreements provide an opportunity to build long-term mutually beneficial…Details
Russian metals holding Metalloinvest plans to invest 7 billion rubles in upgrades of the second and third blast furnaces at subsidiary steel producer Ural Steel, Metalloinvest said in a statement. The company plans to acquire equipment for the upgrades from Dutch company Danieli Corus. In future, Metalloinvest also plans to upgrade the fourth blast furnace…Details
In 2018 Russia will increase seamless pipes exports by 24% YoY, to 715 thousand tons. According to the Pipe Industry Development Fund, Kazakhstan is the main importer, accounting for 25.4% of all purchases, or 181 thousand tons. Seamless pipes deliveries to Kazakhstan in January-September grew by 30% YoY, to 141 thousand tons valued at $146.5…Details
Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) in January-September paid 1.9 billion UAH of various taxes to all the possible budgets. In particular, Poltava GOK paid 1.55 billion UAH, Yeristovo GOK – 305.6 million UAH and Belanovsky GOK – 8.6 million UAH. PGOK paid 168 million UAH to the local budget, 202…Details
In January-November Chukotka Autonomous District extracted 21.735 tons of gold and 100 tons of silver. 5 companies were mining for gold. Kupol deposit yielded 9033 kg of gold and 88269 kg of silver. Alluvial gold output grew by 256 kg, to 2583 kg. (Ukrainian metal)Details
In November Khabarovsk region yielded 1658 kg of gold, down by 1.3% YoY, including 1607.1 kg of ore gold and 50.9 kg of alluvial gold. Since the start of the year gold output has grown by 6.9%, to 23119 kg, including 18997 kg of ore gold and 4122 kg of alluvial gold. Silver output in…Details
In November Rusolovo produced 145.5 tons of tin concentrate. In 11 months the output was 1322.5 tons, up by 38.3%. In January-November the tin output totaled 956.1 tons. This year the company intends to produce 1600 tons of tin concentrate, up by 59% YoY. Rusolovo is developing 2 tin deposits in Khabarovsk region. (Ukrainian metal)Details
Russian gold producer Polymetal International has sold its 100% stake in the Khakanja project in the Khabarovsk region to a group of unrelated private Russian buyers for $30 million, the company said on December 17. Under terms of the deal, $5 million will be payable in cash and $25 million in the form of assumed…Details
NLMK Group, a global steel company, announces the appointment of Elena Lobodina as General Director (CEO) of NLMK Trading. Her key challenges will include the development of NLMK Group’s customer service across global markets and the introduction of best practices in sales business processes. NLMK Trading manages NLMK Group’s export deliveries. The company’s sales policy…Details
The price of one ounce of gold decreased by 12.903 manats or by 0.61% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,117.0032 manats. The price of one ounce of silver increased by 0.1562 manats or by 0.63%, to 24.9032 manats. The price of one ounce of platinum…Details