The state enterprise Ukrpromvneshekspertisa forecasts that in March ferrous scrap deliveries to metal companies will grow by 50% MoM, to 210 thousand tons. In February deliveries will be insignificant due to the low procurement level. At the same time in March and April deliveries will grow because of the expected increase in price and better…Details
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The state enterprise Electrotyazhmash Works has concluded three agreements with Yugcable on the delivery of wire products valued at 363.35 million UAH. This year the company will supply 1193 tons of various copper wire and cable at the average price of 304 UAH per 1 kg. Specifications have not been revealed, thus the country of…Details
Mariupol Ilyich Iron and Steel Works has received two electric engines. They will operate in the sheet-rolling shop 1700. The reconstruction of the mill will allow the company to expand sales markets because of the improvement of quality and the increase in weight. Investments in the shop modernization total 2.4 billion UAH. The engines were…Details
Almalyk Mining and Processing Works, using new technique, has obtained palladium. Previously the works was obtaining palladium powder. The technique, consisting of 52 steps and lasting for 70 hours, allowed obtaining less than 1 kg of palladium per month. Last year the enterprise started studying obtaining palladium from the electrolyte solution as well as refined…Details
The State Expertise Service has approved the project to develop the ore zone No. 1 of the gold-silver deposit Dvoynoye. The site is situated in Chukotka and will be developed by Severnoye zoloto LLC, a part of Kinross Gold. The company intends to mine 230 thousand tons of ore per year at the site. The…Details
In 2018 Yakutia became one of the three largest gold extractors in Russia. The output has reached 29.5 tons, up by 20% YoY. Aldansky district yielded 12.75 tons of gold. The Sakha Gold Mining extracted 17.4 thousand ounces of alluvial gold last year. Polyus Aldan mined 6.209 tons of gold. (Ukrainian metal)Details
Following prospecting works in 2018, DVGK LLC intends to increase the gold reserves in the central part of Bolotistoye deposit by some 13 tons. When the reserves are approved, the company will start prospecting at other sites, as well as searching for an investor to construct a mining and processing works. Taking into account the…Details
On February 22 the Eurasian Economic Commission considered a number of integration, trade, as well as customs and technical regulation issues. One of the decisions was the zeroing of the customs duties on some of grafitized electrodes. At present the duty is 5%. The 0% duty is applied till April 30, 2020. (Ukrainian metal)Details
In January Ukraine exported $48.728 million worth of steel pipes, down by 9.1% YoY. Imports grew by 54.1%, to $19.118 million. According to the State Fiscal Service, in January exports dropped by 13.6% MoM, while imports – by 2.3%, to $0.454 million. USA imported the most pipes – $11.852 million. (Ukrainian metal)Details
The prices of precious metals increased in Azerbaijan on February 25. The price of gold grew by 10.7355 manats, to 2,262.5895 manats per ounce compared to the price on February 22. The price of silver went up by 0.2537 manats, to 27.1554 manats per ounce. The price of platinum increased by 39.423 manats, to 1,444.0820…Details
In 2018 metal products accounted for 24.6% of the total volume of exports. According to the Ministry of economical development and trade, metal exports grew by 14.9% YoY, to $11.6 billion. Metal industry provided for the second largest contribution to exports after agriculture. The share of agriculture products in the exports was 39.3%, or $18.6…Details
In 2018 Zaporozhkoks, under a program to increase energy efficiency, decreased consumption of the main resources – gas, steam and electricity – at the same time retaining output volumes. This allowed the enterprise saving some 41 million UAH. At the same time the blast furnace coke output volumes remained unchanged – 825 thousand tons. (Ukrainian…Details
In January the Far Eastern Railroad transported 1.5 million tons of coal, down by 12% YoY. Last year coal transportation dropped by 5.5%, to 17.8 million tons. At the same time iron ore concentrate transportation grew by 88.9%, to 60 thousand tons. In the whole 2018, 664 thousand tons of concentrate were transported, up by…Details