NLMK Group has sold 100% of its stake in NLMK Accounting Center to Fletcher Group Holdings Limited for a total of 23.9 million rubles. NLMK Accounting Center will be used as a platform for setting up a single service company, NLMK Corporate Solutions Center, that will provide services to NLMK Group companies and Universal Cargo…Details
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In 2018 VIZ-Stal increased output by 5% YoY, to 170.4 thousand tons of transformer steel. The loading of capacities was high – 99%. Sales also grew by 5%, to 168.2 thousand tons. Exports accounted for 77%. The main customers were India, Turkey, Near East and North America. (Ukrainian metal)Details
This year Kuzbass region intends to commission 6 coal objects. In particular, these are two pits – Chernokaltanskiy (Ugletrans LLC) and March 8 (SDS-Ugol) with the capacity of 2 million and 1 million tons of coal per year respectively. Combined they will create 450 jobs. Moreover, coal companies plan to put 4 processing factories into…Details
Interpipe NTZ has completed an investment project to modernize a pipe heat treatment site in the pipe-rolling shop No. 4. The cost of the project is $5 million. “The modernization of heat treatment at NTZ is one of our most important investment projects. The existing water supply system was outdated. Now we can increase the…Details
In 2018 Zaporozhye Ferro Alloys Plant decreased output by 7.2% YoY, to 246.1 thousand tons. In particular, ZZF increased silicomanganese manufacture by 0.3%, to 123.095 thousand tons, but decreased those of ferrosilicon by 18.8%, to 75.4 thousand tons, and ferromanganese by 4.2%, to 39.3 thousand tons. The metallic manganese output dropped by 2.4%, to 7.4…Details
In the town of Sibay (Republic of Bashkortostan) a copper quarry will be flooded in 5-7 days. According to the mayor Rustem Afzalov, at present oxidizing processes in the quarry are being eliminated. In order to completely eliminated fires there it was decided to partially flood the Sibay quarry and the Novosibay mine. In a…Details
In December 2018 Amurstal received 59 thousand tons of ferrous scrap via railroad. This is up from 10.3 thousand tons in December 2017. In January-December 2018 the company received 548.7 thousand tons of scrap, up 6.2-fold YoY. This is also the highest result in the past 3 years. (Ukrainian metal)Details
In 2018 MMK sold 1.269 million tons of galvanized rolled metal. This is the highest result for the company, which exceeds the previous result, set in 2017, by 11.9% (1.134 million tons). MMK has been increasing galvanized metal sales for the past 15 years. (Ukrainian metal)Details
In 2018 Olkon increased iron ore concentrate output by 3% YoY, to 4.238 million tons. The annual target was exceeded by 77 thousand tons. The average contents of the iron in ore were 67.67%. Rock transportation grew by 2%, to 19.14 million tons, and ore output – by 7%, to 14.85 million tons. (Ukrainian metal)Details
In 2018 Cherepovets Iron and Steel Works increased sales by 2.4% YoY, to 10.27 million tons. The company industrial port in April-November 2018 shipped 1.65 million tons of metal, up by 52.9 thousand tons. Railroad transported 10.749 million tons of metal, up by 380 thousand tons. December 2018 saw the record high volume of metal…Details
In 2018 TMK sold 4.01 million tons of pipes, up by 6%, mostly due to the growth of OCTG seamless pipe sales in Russia. The volume of seamless pipe sales grew by 3%, to 2.767 million tons. The sales of welded pipes increased by 11%, to 1.243 million tons, and of OCTG pipes also by…Details
In January-November 2018 Russia exported 42.236 million tons of ferrous metals, up by 10.6% YoY. According to the Federal Customs Service, the exports of ferrous metals without pig iron, ferroalloys, waste and scrap totaled 27.763 million tons, up by 6.6%. Exports of semi-finished carbon steel grew by 10.8%, to 14.393 million tons. Sales of carbon…Details
The prices of precious metal decreased in Azerbaijan. The price of gold dropped by 6.273 manats, to 2,172.039 manats per ounce on January 22 compared to the price on January 21. The price of silver fell by 0.1911 manats, to 25.8324 manats per ounce. The price of platinum went down by 16.1755 manats, to 1,343.3995…Details