Severstal chairman Alexei Mordashov and Gazprom chairman Alexei Miller have signed a road map to develop large diameter pipes with the K80 strength class. It is expected that by 2023 Severstal for the first time in Russia will have developed and started manufacturing electric welded steel large diameter pipes and joints of improved strength class…
DetailsIn December Ukraine is expected to produce 1.8 million tons of steel, 1.6 million tons of rolled metal and 1.8 million tons of pig iron. According to Ukrmetallurgprom, in October Ukraine produced 1.79 million tons of steel, 1.53 million tons of rolled metal and 1.79 million tons of pig iron. As of November 14, 19…
DetailsRussia’s output of unrefined and semi-refined or powder platinum decreased by 15.1% YoY, but rose by 0.6% MoM in October, the Federal State Statistics Service said without disclosing absolute figures. Silver output grew by 13.9% YoY and by 21.8% MoM. In January-October the output of platinum dropped by 3.3% YoY, while of silver rose by…
DetailsGazprom Komplektatsiya, a subsidiary of Gazprom, has signed a 41.2-billion ruble direct contract to buy 500,000 tons of large-diameter pipes from an undisclosed supplier, according to a document published on the government’s website for disclosure of data on state procurements. The contractor is to deliver the pipes before April 30, 2021. Gazprom Komplektatsiya announced five…
DetailsThe Cabinet of Ministers suggests providing state coal enterprises with 1.63 billion UAH in 2019 to be spent on their restructuring. The corresponding suggestion is contained in the draft budget for 2019. The restructure program also includes the support of state mines by a surcharge from the state budget to the price of coal. The…
DetailsShareholders of the Zaporozhye Aluminum Works have decreased the number of supervisory board members by 2 and replaced the existing board. Natalia Pavluyk, Natalia Kharina, Anastasia Mankivskaya, and Tatyana Kuzub have been reelected to the board, with Irina Kholodnova elected. All of them are the representatives of the main shareholder – the State Property Fund…
DetailsPolymetal has carried out the phase 3 of the project to expand and modernize Amur Hydrometallurgical Works. Investments totaled $71 million. The work was carried out due to the commissioning of the processing factory at the Kyzyl deposits (Kazakhstan) in June. The first gold-containing Kazakh concentrate was processed at Amur Works in October. It is…
DetailsOn November 19 ZEMZ put into operation a new site of Bosio thermal furnaces. The site has 5 thermal furnaces with the maximum temperature of up to 10 thousand degrees C. The furnaces will be used to heat rounds, squares and slabs. The average monthly output of each furnace will be 900 tons. (Ukrainian metal)
DetailsIn January-September Ukraine supplied 1.74 million tons of rolled metal and pipes to Russia, up by 28.4% YoY. Bars and sections accounted for some 55%, with 53% of them being rebars and wire rod. Bars and sections exports grew by 50%, and rebars and wire rod – almost 3-fold. Flat rolled metal exports increased by…
DetailsPrecious metal prices varied in Azerbaijan on November 20, according to the data published by the Central Bank. The price of gold increased by 4.471 manats, to 2,078.1055 manats per ounce on November 20 compared to the price on November 19. The price of silver grew by 0.0142 manats, to 24.4588 manats per ounce. The…
DetailsMagnitogorsk Iron and Steel Works’ (MMK) management decided to co-finance projects implemented by the residents of MMK Industrial Park to support and enhance business development in Magnitogorsk. Co-financing will be provided on a competitive basis to create new production or expand existing production. The share of co-financing will be up to 30% of the cost…
DetailsMagnitogorsk Iron and Steel Works’ (MMK) legal team, led by Chief Legal Officer Sergey Shepilov, has been named among best corporate counsels by Legal 500, an authoritative international legal publication. The Legal 500’s GC Powerlist: Russia Teams ranking includes Russia’s most influential and innovative corporate legal counsels. The ranking is made by leading market experts.…
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