In January-March Russia decreased output of raw and semi-refined gold, or gold powder by 1.6% YoY. According to the Federal Service of State Statistics (Rosstat), in March gold output dropped by 7.1% YoY, but increased by 1.7% MoM. (Ukrainian metal)
DetailsIn January-March TMK sold 980 thousand tons of pipes, up by 1% QoQ and by 16% YoY. Seamless pipes sales remained almost on the level of the previous quarter, but grew by 3% YoY, to 677 thousand tons. Welded pipes sales increased by 4% QoQ and by 64% YoY, to 303 thousand tons. OCTG pipes…
DetailsIn March the prices of industrial goods dropped by 0.9% after a growth of 1% in February and of 0.1% in January. According to the Federal Service of State Statistics, non-ferrous metals prices increased by 4.5%, pig iron, steel and ferroalloy prices – by 2.8%, other primary steel wares – by 2.5%, and aluminum prices…
DetailsRussian aluminum giant UC RUSAL has submitted state support proposals for refining of primary aluminum to the Industry and Trade Ministry, Minister Denis Manturov reported on April 18. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including RUSAL. U.S. Investors were allowed to sell the shares and bonds of…
DetailsRussia’s government will not restrict sales of titanium to U.S. aircraft maker Boeing as retaliation to the latest set of U.S. sanctions, as it will hurt domestic titanium producer VSMPO-Avisma, Industry and Trade Minister Denis Manturov said. “We will not support such decisions as they will primarily hurt sales of VSMPO-Avisma. Why would we make…
DetailsIzhorsky Pipe Works will produce and supply some 18 thousand tons of large diameter pipes for the construction of pipelines, which will connect the Amur gas-processing plant with the Power of Siberia gas pipeline. According to the contract, ITZ will produce pipes with the diameter of 1420 mm and the wall thickness of 32 mm…
DetailsIn February, according to the customs statistics, Russia exported 528.4 thousand tons of unalloyed flat rolled metal, down by 25.7% MoM and by 31.1% YoY. In January the results were up by 1.6% and by 17.8% respectively. In 2 months exports totaled 1.24 million tons, down by 9.6% YoY. Turkey imported the most flat metal…
DetailsDTEK Ternovskoye Mine Group has put into operation a new, 188th long face. The volume of the industrial reserves there is over 420 thousand tons of coal. DTEK investments totaled 57 million UAH. The length of the long face is 240 meters. It will provide the miners with work till the end of the year.…
DetailsThe future of Ukrainian mining-metallurgical complex depends on the domestic market. “If the domestic market is strong, there will be construction, machine-building, car manufacture, subway construction. There will be development”, the opposition prime minister Boris Kolesnikov said during his visit to Zaporozhogneupor. According to him, the main problem of Ukrainian mining and metal complex is…
DetailsIn January-March Priisk Solovievsky mined 220 kg of gold in Amur region, down by 13.6% YoY. All the gold was obtained from the Solovievskoye deposits. This year the company intends to have mined 1 ton of gold there. Thus, so far the company annual target is 22% fulfilled. Alluvial gold extraction will start in the…
DetailsThe repair of the ore-smelting furnace No. 3 started in the smelting shop at Kola Iron and Steel Works. According to the schedule, the repair will last for 20 days. One of the main events is the replacement of over 800 square meters of roof above the furnace. Unlike the old structure, the new one…
DetailsChelyabinsk Iron and Steel Works has started producing two new types of sections – wide-flanged beams. European metal structures works and construction enterprises will be consumers of the new product. The HEA220 and HEB220 beams are manufactured according to DIN EN 10025-2. The first batch will be shipped this month. This year the company intends…
DetailsThis weekend the new education project for employees’ children has started at ArcelorMittal – School of Young Engineers. The educational program includes chemical and physical experiments, master classes in wood and metal work, electrical and robotics, and 3D-printing. Participants of the School of Young Engineers will be 320 children at the age of 9 to…
DetailsRussian aluminum giant RUSAL has suspended shipments of aluminum using facilities of container shipping company TransContainer, the operator’s CEO Pyotr Baskakov declared on April 17. “RUSAL doesn’t know yet what is happening so has suspended all shipments. We have delivered about 700 containers of the planned 3,000 per month. Export deliveries have stopped. This does…
DetailsGold output of precious metals producer Polymetal International increased by 8% YoY, to 214,000 ounces, while silver production decreased by 3%, to 6 million ounces in January-March, the company said in a statement on April 18. Total output in gold equivalent grew by 5%, to 295,000 ounces in the period. Revenue went up by 19%,…
DetailsThe prices of the main precious metals varied on April 18, according to the data published by the Central Bank. The cost of gold decreased by 1.7765 manats, to 2284.086 manats per troy ounce compared to the price on April 17. The cost of silver increased by 0.1269 manats, to 28.4471 manats per ounce. The…
DetailsIn February, according to the customs statistics, Russia exported 1.16 million tons of semi-finished non-alloyed steel products, down by 2% MoM and by 7.8% YoY. In January the results were down by 13.8%, but up by 2.4% respectively. In January-February exports reached 2.34 million tons, down by 2.9% YoY. Taiwan imported the most – 20%,…
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