Moscow Coke-Gas Works has shipped a trial batch of coke to India. The first batch of 20 thousand tons was shipped in late October. Mechel Carbon carried out the sale. As the customer was satisfied with the products, soon 2 more batches totaling 30-40 thousand tons would be shipped to India. (Ukrainian metal)Details
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In January-October the share of metals and metal wares in the overall exports from Russia was 10% (10.2% last year), in exports to far foreign countries – 9.6% (9.9%) and to the CIS – 12.9% (12.5%). According to the Federal Customs Service, the exports grew by 11.6% YoY volume-wise and by 25.4% price-wise. In particular,…Details
Rustavi Iron and Steel Works is forced to halt operation because of the dumping prices on the market. According to an attorney David Erbalidze, who is representing the interest of the company owners, the first blast furnace will be shut down soon. “One of the main reasons is the rebars imported from Iran at dumping…Details
Russian metals giant Norilsk Nickel plans to invest over $12 billion in production development over the next five years, CEO Vladimir Potanin said. “We are now implementing quite an unprecedented investment program: we are investing over $12 billion in development of production over the next five years. And what is important for many years we…Details
On December 10 rating agency S&P Global Ratings assigned the PJSC Magnitogorsk Iron & Steel Works’ (MMK) “BBB-/A-3” long- and short-term issuer credit ratings with Stable Outlook. In a press release S&P notes that its assessment of MMK’s creditworthiness incorporates MMK’s low-cost production profile, strong operating efficiency, significant share of high value-added products in sales,…Details
Sudan intends to allocate Belarus the second plot for gold mining near the Nile, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared ahead of the Belarusian-Sudanese summit talks in Minsk. “The site is located closer to the Nile River, and, according to the preliminary estimates, might be gold-bearing especially given the close proximity…Details
The state enterprise Selidovugol has ordered the Trading House Contract-Energo LLC a cutter-loader valued at 57.2 million UAH. Until September 2019 the company has to deliver an MV410 cutter-loader to the Kotlyarevskaya mine. The company will supply T Machinery A.S. (the Czech Republic) loader. The price of the agreement is 5% below the expected cost…Details
In January-November Ukraine increased revenue from the export of ferrous metals by 17% YoY, to $9.178 billion. Its share in the overall exports reached 21.22%. According to the State Fiscal Service, metal wares exports grew by 28%, to $1.024 billion (2.37%). At the same time Ukraine imported $1.3 billion worth of ferrous metals and $886.5…Details
In January-November Susumanzoloto extracted 5603.4 kg of gold with the plan being 5257 kg. The group enterprises are developing ore and alluvial gold sites in Magadan region and the Republic of Sakha (Yakutia). In particular, Drazhnik LLC yielded 1803.6 kg of gold, Chay-Urya zoloto LLC – 852.1 kg, Itkana LLC – 560.1 kg, Astra LLC…Details
Tikhvin Ferroalloys Works, a part of Yildirim Group, has transferred the exclusive rights to sell high-carbon ferrochromium in Russia to Klyuchevsky Ferroalloys Works, a part of MidUral Group. The high-grade ferrochromium is sold not only in Russia, but is also exported to Europe, USA, Japan and China. The new contract is an important step in…Details
On November 30 – December 6 the metal price index in Central region dropped by 2.17 points (or by 0.37%), to 587.65. Prices grew for hot-rolled sheet (by 0.39%) and for cold-rolled metal (by 0.26%). Rebars showed the most drop – by 1.71%, followed by beams (1.1%). Flat galvanized rolled metal lost 0.88% in price,…Details
In January-November Ukraine exported 320 thousand tons of scrap, down by 28.6% YoY. In November exports amounted to 3.8 thousand tons. At the same time deliveries of scrap to local metal plants grew by 17.4%, to 3.04 million tons in 11 months. (Ukrainian metal)Details
This year ArcelorMittal Kriviy Rih has started a program on large-scale repair of buildings and structures. According to the company press-service, the program will last for 3 years – 2018-2020. This year 265 million UAH have been invested in the program. Next year the expenses will amount to 165 million UAH, and during 3 years…Details