Magnitogorsk Iron and Steel Works (MMK) sold a record amount of galvanized steel in 2018 – around 1.3 million tons. MMK’s share in the product’s consumption in Russia amounts to 34%. According to the Senior Manager of MMK’s Coated Products Sales, Vadim Dorofeev, who spoke at the 14th International Conference “Galvanized and painted steel –…Details
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The gold and silver prices increased in Azerbaijan on March 18. The price of gold grew by 3.009 manats, to 2,209.813 manats per ounce compared to the price on March 15. The price of silver went up by 0.0371 manats, to 25.999 manats per ounce. The price of platinum decreased by 1.394 manats to 1,408.654…Details
The price of one ounce of gold increased by 0.9095 manats or by 0.4% last week in Azerbaijan, to 2,210.0612 manats. The price of one ounce of silver decreased by 0.0671 manats or by 0.3%, to 26.1093 manats. The price of one ounce of platinum grew by 24.2505 manats or by 1.8%, to 1,407.8193 manats.…Details
Polymetal International plc has started carrying out a project to construct the second stage of Amur Hydrometallurgical Works. The commissioning is scheduled for Q3 2023. At present the AGMK is processing raw materials from the Albazino deposit in Khabarovsk region, Mayskoye in Chukotka and Abyrchik in Kazakhstan. When the second stage is commissioned, the enterprise…Details
For the third year in a row Taganrog Iron and Steel Works has been receiving losses. Thus, in 2018 Tagmet net losses amounted to 2.139 billion rubles, up by 15% YoY. In 2017 the losses exceeded 1.86 billion rubles, and in 2016 – 885 million rubles. In 2012-2015 the company was seeing profit. Last year…Details
In January-February Zaporozhye Iron Ore Complex increased iron ore output by 0.5% YoY, to 739 thousand tons. The iron content was 60.87%. The enterprise sold 786.6 thousand tons of iron ore raw materials, up by 4.6% from the target. In February ZZhRK mined 371.5 thousand tons of ore, up by 1%, with iron content of…Details
In January-February Magadan region mined 90 thousand tons of coal, down by 10% YoY. Three companies mine coal in the region – Kolyma Coal Company LLC, Association of Business Cooperation and the North-Eastern Coal Company LLC, but at present the latter is not operating. Last year the region extracted 401.7 thousand tons of coal. (Ukrainian…Details
Uralelectromed has started assembling a new machine – the 1000-ton Hidroliskan press in the powder wares shop. The machine will improve the technological capabilities of the shop and increase its output volume. Uralelectromed is the largest manufacturer of copper powder wares in Russia. It has been producing such wares since 1993. Since then the shop…Details
Yakovlevsky Mining and Processing Works has assembled a new complex to crush and transport ore at its crushing and sorting factory. Under the program of modernization, the enterprise has put into operation a new Metso crushing machine. The machine can process ore up to 10 mm fraction. Its capacity is 400 tons per hour, up…Details
In February Ukraine exported 227.6 million tons of pig iron valued at $71.6 million, down by 17.6% and by 24.6% MoM respectively. According to the State Fiscal Service, the share of pig iron in the foreign trade volume was 2.09%. US bought more than half of Ukrainian pig iron – 69.78%, or 55.5 thousand tons.…Details
Moody’s Investors Service has improved the corporate credit rating of Metalloinvest from Ba2 to Ba1. At the same time the outlook has been decreased from positive to stable. The improvement of the rating reflects the decrease of the debt burden, stable cash flow, a high liquidity level as well as the improvement of the corporate…Details
NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…Details
The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…Details