The Cabinet of Ministers has prolonged the exemption of the scrap trade from VAT. The government has prolonged the effect of its decree No. 15 dated January 12, 2011. Thus, all trade operations with scrap and waste of ferrous and non-ferrous metals are exempt from VAT till January 1, 2022. It is expected to improve…Details
Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…Details
Alisher Usmanov says the Udokan copper project has attracted $1.225 billion. The developer of the project, the largest copper deposit in the world – Baikal Mining Company intended to attract the funds in early 2019. The reserves of the deposit are 15 million tons and resources – 26.7 million tons. The commission of the first…Details
In 2013-2017 the major metal companies have been seriously decreasing the number of their employees.
In particular, Evraz fired 40 thousand people, and Severstal – some 10 thousand.
At the same time at present Severstal intends to hire new personnel for Yakovlevsky GOK. (Ukrainian metal)
Kuzbassrazrezugol has fulfilled the annual manufacturing goal in advance. So far the group has mined 47.9 million tons of coal. Some 500 thousand tons of coal are expected to have been mined by the end of the year. Thus, this year the group will extract 48.4 million tons of coal, up by 1% from the…Details
Rusal announces the resignation of Matthias Warnig from the office of the chairman of the board.
Warnig was elected a member of the board in June 2012.
In October 2012 he was elected chairman of the board.
The new chairman will be chosen at the next meeting of the board. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has received a certificate to produce switch rails.
By the end of December the company intends to have produced 600 tons of new rails.
The certificate for OR65 rails of the NT260 category is valid for 5 years.
So far ChMK produces 5 types of rails. (Ukrainian metal)
Cherepovets Iron and Steel Works has finished the reconstruction of the cut to length machine no. 4 in the metal finishing shop No. 2. The work has been carried out in 50 days. Investments in the project totaled 400 million rubles. The modernized machine can process metal with the thickness of 4 to 16 mm.…Details
More than 1.7 million tons of coal were produced in January-November in Tajikistan, according to the Tajik Ministry of Industry and New Technologies. Moreover, according to official statistics, as of early December, about 1.6 million of coal were mined in the republic. In Tajikistan, coal mining and production is carried out at 14 deposits. The…Details
The Central Bank of Armenia set the following prices for precious metals on December 26.
The price of gold is set at 19570.34 drams, down by 7.68 drams.
Silver price dropped by 0.09 drams, to 228.27 drams.
The price of platinum went down by 4.83 drams, to 12288.33 drams. (Armenpress/Ukrainian metal)
In January-November Zabaikalye region extracted some 20 million tons of coal.
Traditionally SUEK contributed most of the yield.
This year the region expects to mine 21 million tons of coal.
In particular, SUEK plans to extract 5.9 million tons of coal, up by 15% YoY. (Ukrainian metal)
According to the National Statistics Bureau of Georgia (Geostat), in January-November pig iron and steel semi-finished products exports to Turkey dropped by 23.5% YoY, to 46 thousand tons valued at $22 million, down by 9.3%. The trade with Turkey in the period was some $1.6 billion, including $216.9 million of exports and $.13 billion of…Details
The Novosibirsk subsidiary of the First Cargo Company in November increased ferrous metals scrap deliveries to 41.3 thousand tons (680 cars). Throughput grew 1.5-fold YoY, to 63.2 million ton-km. “The positive dynamics has to do with the growth of transportation to NLMK-Ural”, the subsidiary deputy director on transportation Sergey Korchagin said. The cargo was transported…Details
Evraz ZSMK has started building a new electricity substation with the capacity of 252 megawatt.
It will cover the needs of the plant taking into account some major development projects.
The construction is expected to cost 1 billion rubles.
The substation is scheduled to be constructed in Q4 2019. (Ukrainian metal)
In January-November Ukraine produced 16.84 million tons of rolled metal, up by 3% YoY. Of this, 13.21 million tons, or 78.4%, were exported. In 11 months of 2017 Ukraine exported 13.35 million tons of 16.74 million tons produced, or 79.7%. Semi-finished products accounted for 43.68% of the exports, up from 42.25% last year. The share…Details
In January-November Ukraine increased pipe output by 5.7% YoY, to 1.019 million tons, including 78.2 thousand tons in November. In particular, Ukrtrubprom enterprises produced 732.7 thousand tons of pipes in 11 months, up by 14.1% YoY, including 55.4 thousand tons in November. Khartsyzsk Pipe Works and Lugansk Pipe Works were idle. Interpipe-NTZ produced 255.6 thousand…Details
Precious metal prices increased in Azerbaijan on December 26. The price of gold grew by 6.9275 manats, to 2,163.4455 manats per ounce on December 26 compared to the price on December 25. The price of silver went up by 0.0724 manats, to 25.1938 manats per ounce. The price of platinum increased by 5.882 manats, to…Details
Last year Kyshtym Electrolytic Copper Plant produced 128 thousand tons of copper cathodes, setting a historical record. According to the company CEO Andrei Kudryavtsev, it also produced 155 thousand tons of anodes and over 95 thousand tons of wire rods. This year the company is expected to manufacture 88.5 thousand tons of wire rod (the…Details
Next year Chelyabinsk Zinc Works intends to increase zinc and alloys output by 4.7% YoY, to 200 thousand tons. This is the maximum capacity of the plant. The further increase of output is as yet impossible. Following a large fire at Electrozinc in October and its subsequent shut down, ChelZinc remains the only UMMC enterprise…Details
Kuzbassrazrezugol has commissioned the most powerful Russian excavator EKG-35 No. 1 at the Krasnobrodsky pit. Uralmashzavod started designing the machine in 2012 according to Kuzbassrazrezugol specifications. In 2017 the excavator was assembled and in March entered trial operation. In June-July the machine loaded 900 thousand cubic meters of rock. Next year Kuzbassrazrezugol intends to buy…Details
Vyborg Ship-building Works is one of the key partners of Sanesta-Metal. The company supplies steel pipes to the plant. In 2017-2018 some deliveries were connected with the projects to construct fishing trawlers of new generation. Two freezing trawlers are being constructed at the order of the Arkhangelsk Trawler Fleet. The plant is also building 4…Details
Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agents…Details
In November Ukraine exported $57.775 million worth of pipes, down by 6.1% YoY, while imports grew by 77.6%, to $18.965 million. According to the State Fiscal Service, USA imported the largest batches of pipes – $11.506 million. In January-November Ukraine exported $681.476 million worth of pipes, up by 33.4% YoY, while imports increased by 50.9%,…Details
Precious metal prices increased in Azerbaijan on December 25, the Central Bank reported. The price of gold grew by 7.5225 manats, to 2,156.518 manats per ounce on December 25 compared to the price on December 24. The price of silver went up by 0.0765 manats, to 25.1214 manats per ounce. The price of palladium increased…Details