Ukraine: Mittal to invest $1.5 billion in AMKR development

ArcelorMittal intends to invest some $1.5 billion in the development of its Kriviy Rih plant.

This year $400 million will be invested.

In 2006-2017 investments totaled $4.5 billion.

Earlier AMKR has completed the scheduled reconstruction of the blast furnace No. 7, and commissioned 450 open cars. (Ukrainian metal)

Kazakhstan: KAZ Minerals copper output up in January-September 2018

In January-September KAZ Minerals increased raw copper output by 12% YoY, to 216.8 thousand tons.

According to the group statement, in Q3 output grew by 7% QoQ, to 77.2 thousand tons.

Zinc manufacture in 9 months decreased to 38.3 thousand tons from 45.8 thousand tons last year. (Ukrainian metal)

Russia: scrap imports from Kazakhstan down in January-August 2018

In January-August Russia imported 358.7 thousand tons of ferrous metal scrap from Kazakhstan, down by 13.4% YoY.

According to the customs statistics, the average price was $266.4 per ton without VAT, up by 44.7%.

In 8 months the cost of scrap increased by 8.1%, to $94 million. (Ukrainian metal)

Russia: Sayanal turns 25

The foil-rolling works Sayanal (a part of Rusal) has celebrated its 25th anniversary. Since its opening the company has produced 780 thousand tons of various metal products. “25 year ago Sayanal manufactured its product – aluminum ingots with the width of 1350 mm and the thickness of 10 mm. Today we can produce aluminum foil…

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Russia: SiGMA produces 87 kg of gold

Since the start of the commissioning of the gold-extracting factory at the Ozernovsky Mining and Processing Works, Siberian Mining and Metallurgical Alliance (SiGMA) has yielded 87 kg of gold. The lesser line with the capacity of 60 thousand tons of ore per year was commissioned in June. In the first year of operation it is…

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