Cherepovets Iron and Steel Works, without shutting down manufacture, is finishing assembling the coil-rewinding machine with the capacity of 650 thousand tons per year. The total cost of the project is 1.2 billion rubles. The commission of the machine is scheduled for February, and it is exCherepovets Iron and Steel Workspected to reach the design…
DetailsThe Verkhovna Rada committee on industrial policy has unanimously supported the draft bill No. 9474, which presupposes the increase of the scrap export duty from 42 euro to 58 euro per ton for 3 years. According to the committee chairman Victor Galasyuk, the new “metal law” will liquidate the raw material shortage for the metal…
DetailsA ceiling of the unused culture house belonging to ArcelorMittal Kriviy Rih between the third floor and the roof with the size of 1 thousand square meters collapsed. One person was injured. The total size of the floor is 2 thousand square meters. The accident happened on January 15. (Ukrainian metal)
DetailsOskol Electrometallurgical Works managing director Alexander Tischenko and the driver of the works Vitaliy Yumashev have perished in the collision of a Lexus with two other cars. The accident happened on January 15. After the collision all three cars exploded. The accident took the life of 8 people. Tischenko has been working at NLMK since…
DetailsYakutia has entered the top-3 gold-mining regions in Russia. For the first time since Soviet Union the region has exceeded the level of 28 tons of gold output in 2018. Oil and coal output was 12 and 17.7 million tons respectively. (Ukrainian metal)
DetailsIzhorsky Pipe Works will produce and supply over 11 thousand tons of large diameter pipes for the Poland – Slovakia gas pipeline. The first batches have already been shipped to the customer (Eustream). According to the agreement, the company has to supply the pipes with the diameter of 1016 mm and the length of 18…
DetailsIn 2018 Ukraine exported 36.91 million tons of iron ore and iron ore concentrate valued at $2.869 billion, down by 1.3%, but up by 10.6% YoY respectively. According to the State Fiscal Service, the share of the iron ore in the overall exports was 6.06%. Almost half of volumes was sold to China, Poland and…
DetailsDeliveries of rolled metal and pipes to Russia in January-November 2018 grew by 20.7% YoY, to 2.11 million tons. Bars and sections account for 53% of exports, up by 28.3%. Rebars and rolled wire saw the growth of almost 2-fold. Flat rolled metal exports increased by 3.9%, to 33.7%. The sales of semi-finished steel products…
DetailsMagnitogorsk Iron and Steel Works (MMK) took the first place among Russian producers of flat products, as well galvanized and coated steel, in the rating of leading manufacturers and suppliers of ferrous and non-ferrous metallurgy in the second half of 2018 MMK once again took the first place among the Russian producers of flat products,…
DetailsThe prices of precious metals varied in Azerbaijan on January 16. The price of gold decreased by 2.431 manats, to 2,192.6005 manats per ounce compared to the price on January 15. The price of silver dropped by 0.1644 manats, to 26.4819 manats per ounce. The price of platinum fell by 8.67 manats, to 1,359.4475 manats.…
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