If the Verkhovna Rada does not extend the scrap export duty and does not increase it to 42 euro per ton, it will have a catastrophic impact on the economy. According to the Ukrmetallurgprom chairman Alexander Kalenkov, in Q1 scrap export from Ukraine grew 3.5-fold YoY, which resulted in the shortage on the market. “And…
DetailsIrshansk Mining and Processing Works has ordered Mezhyrechensk Mining and Processing Works LLC the delivery of ilmenite valued at 174.36 million UAH. This year the company will have to supply 80 thousand tons of raw ilmenite concentrate with the ilmenite content of not less than 70%, TiO2 – 52-58% and the moisture level of not…
DetailsCorum Svet Shakhtera has produced a KA200 shearer for the Space Heroes mine (DTEK Pavlogradugol). According to the company statement, the shearer is used to mechanical remove coal from breakage faces. For the Space Heroes mine the Kharkiv machine-builders have constructed a special version of the machine. In particular it provides for the better watering…
DetailsIn January-April Chukotka Autonomous District mined 225.8 thousand tons of coal, up by 13.2% YoY. Beringpromugol and Ugolnaya Mine are the main coalmining companies in the region. In particular, this year Beringpromugol intends to mine 600 thousand tons of coal. Last year the region yielded 445.3 thousand tons of coal. (Ukrainian metal)
DetailsIn January-April Neva-Metal, a part of the Severstal transport segment, handled 1.042 million tons of metal, down by 3% YoY. According to the company statement, its container throughput totaled 22 thousand TEUs. In 2017 the company handled 3.1 million tons of metal. (Ukrainian metal)
DetailsSeverstal has chosen the supplier of the machinery for the foundry shop of the blast furnace No. 3 at the Cherepovets Iron and Steel Works. The total cost of the contract is over 28 billion rubles. Under the contract TMT GmbH (Germany) will supply all the necessary machinery. The first deliveries are expected in Q2…
DetailsTrubprom has mastered the manufacture of large diameter pipes of stainless steel. Last year the company passed a number of procedures and obtained the permission to supply its products to the Russian nuclear power plants. But this resulted in some difficulties, as the domestic flat stainless steel manufacturers could not completely cover all the company…
DetailsThe consortium consisting of British Steel, Greybull Capital and Estonian Baltic Metal Holding is interested in KVV Liepājas metalurgs’ recovery, not the purchase of its assets, says Greybull Capital partner Daniel Goldstein. He refused to go into detail as to why the consortium exited from last year’s KVV Liepājas metalurgs sale process. He did say…
DetailsThe prices of main precious metals decreased in Azerbaijan on May 16, according to the data published by the Central Bank. The cost of gold decreased by 28,594 manats, to 2200,208 manats per troy ounce compared to the price on May 15. The cost of silver decreased by 0.2945 manats, to 27.7177 manats per ounce.…
DetailsIn April Zlatoust Electrometallurgical Works produced 5722 tons of liquid steel. All the electric steel shop sites have demonstrated increase in output. The rolling sector produced 4717 tons of blooms, up by 95 tons from the target, with stainless nickel-containing steel slab accounting for almost 800 tons. The slabs have been sent to Krasniy Octyabr…
DetailsIn January-April Khabarovsk region obtained 4797.8 kg of gold, up by 8.5% YoY. Silver output totaled 16619.8 kg, down by 9%. The decrease has to do with the thinning of the Khakandzhinskoye deposits reserves. According to the regional Ministry of natural resources, silver output will continue falling. In 2017 Khabarovsk region obtained 23147 kg of…
DetailsSince the start of the year and as of May 15, Rosterminalugol has exported 8 million tons of coal. In 2017 the result was reached on May 17. The 8-millionth ton was a part of the batch loaded onto Post-Panamax bulker Proteas (83.5 thousand tons). The vessel has been the 13th at the terminal since…
DetailsSeverstal Steel Ropes, a part of Severstal-Metiz, has developed an improved version of TU006 rope for the speed descent attraction. It features increased size of the plastic all-round compression, more wire and a unique core structure. These novelties make the rope smoother and more flexible, at the same time retaining its strength over the whole…
DetailsOn March 24 a Zaporizhstal employee loaded ferrous scrap metal weighing 60 kg into his car and tried to drive with it out of the Balka Srednyaya. The thief has been detained by the security. The damage to the company was estimated at 455 UAH. On May 8 a Zaporozhye court fined the thief for…
DetailsIn May iron and steel works in CIS countries increased wire rod price to $595-600 per ton FOB Black Sea from $580 per ton, according to Platts. Rebars became $20 more expensive ($560 per ton). The gap between prices of wire rod and rebars has widened to $35 per ton. One of CIS works has…
DetailsAccording to Victor Galasyuk, the chairman of the Verkhovna Rada committee on industrial policy, the situation with the provision of domestic metal companies with scrap is worsening, and immediate reaction of authorities is required. He reminded that in order to provide the stable operation of Ukrainian metal industry the Verkhovna Rada had increased the scrap…
DetailsCenterra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2018, the Media Relations Department of the company has reported. Kumtor produced 100,220 ounces of gold in the first quarter of 2018 compared to 127,400 ounces of gold in the same period of 2017. The…
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