In July Beloretsk Iron and Steel Works shipped 41 thousand tons of metal wares to its customers, up by 6% MoM. In particular, the sales of cold-deformed rebars used in construction grew 2.5-fold. Sales of steel mesh for reinforcing increased by 61%. The company shipped 38% more ball bearing wire. Nails demonstrated the growth of…
DetailsIn January-June Severstal supplied Russian construction companies with 2.717 million tons of metal products, up by 7% YoY. Severstal metal is used in construction of the largest infrastructure projects. In particular the group has delivered some 40 thousand tons of rolled metal for the construction of all 12 stadiums hosting the World Cup. In spring…
DetailsVector Energy s.r.o (the Czech Republic) intends to purchase 1.58 million shares of the Ivano-Frankovsk Rebars Works, or 49.99% of the company. At present the company has no shares of the works. IFAZ was registered in 1995. Last year it increased its net income by 77% YoY, to 52 million UAH, having decreased the net…
DetailsIn January-June one of the largest coalmining companies of Russia – Vorkutaugol – decreased output by 10% YoY, to 4 million tons. The decrease is the result of the scheduled works at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. Metallurgic coal output grew 3-fold, to 80 thousand tons. Its reserves are situated at the Vorgashorskoye…
DetailsThe prices of precious metals decreased in Azerbaijan August 13, according to the data published by the Central Bank. The price of gold dropped by 4.386 manats, to 2054.6795 manats per ounce on August 13 compared to the price on August 10. The price of silver fell by 0.2464 manats, to 25.942 manats per ounce.…
DetailsThe price of one ounce of gold decreased by 6.9445 manats or by 0.3361% last week. The average price of one ounce of gold stood at 2062.0065 manats. The price of one ounce of silver decreased by 0.071 manats or by 0.2704%, to 26.21016 manats. The price of one ounce of platinum decreased by 1.292…
DetailsKyrgyzaltyn OJSC conducts consultations with the population of Toguz-Toro district. People are being persuaded that it is necessary to create a joint venture with a foreign investor at Makmal mine. Only this can extend its life and provide people with stable work. Deputy Chairman of Kyrgyzaltyn OJSC Nurdin Kanymbetov explained the peculiarities of the project.…
DetailsTajikistan is very interested in close cooperation with Azerbaijan in the production and further export of aluminum, the Minister of Economic Development and Trade of Tajikistan Nematullo Hikmatullozoda declared. In particular, Tajikistan is interested in using the transit potential of Azerbaijan for the export of Tajik aluminum, Hikmatullozoda added. (Trend/Ukrainian metal)
DetailsThe Prime Minister of Ukraine Vladimir Groysman has approved the appointment of the new state enterprise Pervomayskugol CEO. The previous acting director Artur Mirumyan was fired by the order of the energy minister Igor Nasalik on August 7. The new director will be presented to the employees after the relevant order is signed. The reason…
DetailsIn January-July Ukraine decreased coke and coal char export 8.7-fold YoY, to 17.663 thousand tons, valued at $4.741 million, down 6.4-fold. According to the State Fiscal Service, the main customers were Russia (45.59%), Belarus (32.05) and Romania (13.79%). In 7 months Ukraine imported 576.959 thousand tons of coke and coal char, down by 26.3% YoY,…
DetailsLast year Primorskugol LLC received 871 million rubles of net profit, up 5-fold YoY (163 million rubles). In 2015 the company net profit reached 1.27 billion rubles. Revenue in 2017 grew by 21% YoY, to 6.304 billion rubles. Coal output increased by 4.5%, to 3.6 million tons. (Ukrainian metal)
DetailsIn 2018 Yekaterinburg Non-Ferrous Metals Processing Works will continue developing new types of products for Russian and foreign car and electronics manufacturers. Some products will be unique for Russia. In particular the company is developing the wire and electrodes of iridium and its alloys. The company is also working on the thermocouple wire made of…
DetailsIn August the market expects the prices of metal wares to increase. In particular, bolts and screws will become 5% more expensive, nuts – 2-5%, and rivets – 2%. The price of studs with zinc coating and the diameter of 16 mm will grow by 8%, while of M12 stud by 2%. M16 studs without…
DetailsThe Kristall Non-Ferrous Metallurgy Works, situated in the North Osetia, will be restored by S7 Group. The works used to be the only producer of the vacuum cooper in the country. The operation of the works started in 1967. All the machinery has been retained since the suspension of operations in 2012. Moreover the specialists…
DetailsIn January-June Severstal – Bar Works Balakovo produced over 450 thousand tons of steel, up by 34% YoY. The company also increased bars output by 27%, to 400 thousand tons. Sales volumes reached 400 thousand tons. Domestic market accounted for 94% of the purchases. The rest was exported. The widening of the sales market (to…
Details