In 2018 Dneprovsky Iron and Steel Combine increased rolled metal output by 81.5% YoY, to 2.41 million tons. According to the company press-service, steel manufacture grew by 77%, to 2.413 million tons, and pig iron – by 85.3%, to 2.461 million tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand…Details
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In 2018 Azovstal Iron and Steel Works increased rolled metal output by 1.8% YoY, to 3.879 million tons. According to the company statement, its steel manufacture dropped by 4.2%, to 4.082 million tons, while pig iron – by 1.9%, to 3.707 million tons. In December 2018 Azovstal produced 350 thousand tons of rolled metal, 358…Details
The government of Uzbekistan has approved the main parameters of the Uzbekkhimmash investment project feasibility study to modernize its casting manufacture with the construction of a new shop. According to the Cabinet of Ministers, the modernization should be ready by December. The cost of the project is $23.77 million, with investments into new machinery amounting…Details
The department of the State Property Fund of Ukraine in Dniepropetrovsk region has sold the rectification shop of the Dneprovsky By-Product Coke Plant at an electronic auction. The price of the lot was 8.713 million UAH. The agreement with the buyer was concluded on December 26, 2018. The auction was held on November 27, 2018,…Details
Magnitogorsk Iron and Steel Works (MMK) has donated around 100 million rubles to support those affected by the collapse of a residential apartment building in Magnitogorsk. The donation was approved by the Chairman of MMK’s Board of Directors, Viktor Rashnikov, and the funds were transferred to the accounts of Magnitorgorsk-based charitable foundation Metallurg. Viktor Rashnikov…Details
The prices of precious metals increased in Azerbaijan on January 4, the Central Bank reported. The price of gold grew by 9.962 manats, to 2,200.2335 manats per ounce on January 4 compared to the price on January 3. The price of silver went up by 0.3749 manats, to 26.8554 manats per ounce. The price of…Details
Zaporizhstal held an extraordinary meeting of shareholders. The only issue discussed was the borrowing of $18 million from the state-owned Ukrgazbank. The shareholders voted to authorize the CEO of the company Rostislav Shurma to sign a loan agreement with the bank for 5 years with the interest rate of 7%. Zaporizhstal will pledge its assets…Details
Some employees of the Kurakhovskaya mine (state enterprise Selidovugol) have announced a hunger strike because of the salary debts. “Their main demand is to clear salary debts for June, September, October, November and December 2018”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. So far only 5…Details
This year Ingulets Mining and Processing Works intends to decrease iron ore mining by 1% YoY, to 28.6 million tons. The company also plans to produce 10.829 million tons of iron ore concentrate. In order to maintain the quarry capacities InGOK will increase rock mining by 2.2%, to 0.657 cubic meters per ton. (Ukrainian metal)Details
In 2018 Ukraine produced 21.06 million tons of steel, up by 0.3% YoY. Pig iron output grew by 4%, to 20.531 million tons, while that of rolled metal – by 3%, to 18.446 million tons. In December 2018 Ukraine produced 1.803 million tons of pig iron, 1.845 million tons of steel and 1.603 million tons…Details
The prices of precious metals varied in Azerbaijan on January 3, the Central Bank reported. The price of gold increased by 18.207 manats, to 2,190.2715 manats per ounce on January 3 compared to the price on December 28, 2018. The price of silver grew by 0.5232 manats, to 26.4805 manats per ounce. The price of…Details
NLMK-Kaluga has produced 4 million tons of rolled metal. The high quality steel is used to produce some 20 types and sizes of bars and sections, as well as square billets. In early 2018 the company increased its product portfolio by adding channel. The company main customers are construction enterprises. (Ukrainian metal)Details
Almalyk Mining and Processing Works intends to construct a new copper-processing factory. The project to be commissioned in 2022 will be developed by the Scientific-research and design institute TOMS (Russia). The institute will also help modernize two current copper factories. This year AGMK intends to attract over $180 million of investments. (Ukrainian metal)Details