Under the project to construct the Miory Metal-Rolling Works, MetProm has started assembling a rolling-temper mill. The assembly is scheduled to be completed in late May. The construction will be carried out in 2 stages. The first stage will have the capacity of 150 thousand tons of metal products per year. And the second will…Details
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Interpipe may start importing scrap to cover the shortage on the local market. “So far we see only one option – long-term imports”, the company CFO Denis Morozov said. “At the same time, unfortunately, Ukrainian infrastructure is not ready for scrap imports – neither ports, nor railroad”, he added. Scrap is the main raw material…Details
In January-February Luchegorsk Coal Pit mined 752 thousand tons of coal at the Bikinskoye deposit in Primorye region. In particular, in January the enterprise mined 370 thousand tons of coal and in February – 382 thousand tons. This year the enterprise intends to mine 4.6 million tons of coal. Thus, the annual target has been…Details
Severstal Steel Decisions has finished delivering the main metal frame for the construction of a power plant in Perm region. The metal structures will be used to construct the building frame of the mini-power plant. The height of the one-storey building will be 26 meters. The total weight of metal structures produced is 400 tons.…Details
Cherepovets Iron and Steel Works has put into operation an electric bridge crane valued at some 60 million rubles. The new crane with the capacity of 35/15 tons will be used to transport bulky rolls weighing up to 30 tons in the metal coating shop No. 1. The crane-replacement program started in 2016 in order…Details
Production of unwrought gold and semi-processed gold or in powder form reached 14,315 kg in January-February, up by 5% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period output of unwrought and semi-processed silver or in the powder form made 128,576 kg, down by 5.1%. (Kazinform/Ukrainian metal)Details
The state enterprise Lvivugol intends to sign an agreement with the Lviv Coal Company to process coal valued at 133.46 million UAH. The purchase has been carried out on the basis of negotiations, as the previous purchase has been cancelled three times due to the lack of participants. The original terms were 920.400 tons of…Details
In 2018 Ukraine exported 2.27 million tons of metal valued at $1.32 billion to Russia, up by 15.9% and by 21.4% YoY respectively. Bars and sections accounted for 52% of the exports, up by 20.8%, including construction rebars and rolled wire (53%, up 1.75-fold). The exports of flat rolled metal increased by 1.8%, to 33.3%.…Details
Polymetal Int will start extracting platinum at the Viksha deposit in Karelia in 2025. Investments in the deposit are estimated at $500 million. The development is expected to last for 30 years. Polymetal bought the Viksha in 2012. And it became its first platinum group deposit. (Ukrainian metal)Details
In 2018 Russia exported 1,64 million tons of steel valued at $1103 million to Kazakhstan, down by 11.8%, but up by 2.3% YoY respectively. According to the customs statistics, this is the largest result in the past three years. The share of bars and sections is 35%, down by 27.5%, and flat rolled metal –…Details
In 2018 Russia exported 5.05 million tons of steel rolled metal and pipes to Turkey valued at $2973 billion, down by 11.8% and up by 6.1% YoY respectively. According to the customs statistics, flat rolled metal accounted for 50% of exports, including thin-sheet steel (80%, down by 13.7%). Exports of semi-finished products decreased by 10%,…Details
Magnitogorsk Iron and Steel Works (MMK) sold a record amount of galvanized steel in 2018 – around 1.3 million tons. MMK’s share in the product’s consumption in Russia amounts to 34%. According to the Senior Manager of MMK’s Coated Products Sales, Vadim Dorofeev, who spoke at the 14th International Conference “Galvanized and painted steel –…Details
The gold and silver prices increased in Azerbaijan on March 18. The price of gold grew by 3.009 manats, to 2,209.813 manats per ounce compared to the price on March 15. The price of silver went up by 0.0371 manats, to 25.999 manats per ounce. The price of platinum decreased by 1.394 manats to 1,408.654…Details