The Ministry of Industry and Trade believes that the world market has started suffering from the aluminum shortage. “The world shortage of aluminum amounts to 1.5 to 2 million tons per year, and we expect aluminum consumption, processing and production to increase”, the ministry head Denis Manturov said. Last year Russia implemented a program to…
DetailsIron ore transportation in July reached the record-high level in the past 15 years at 10.1 million tons, up by 9.8% YoY. Since the start of the year railroads have transported 67.1 million tons of ore, up by 5.1% YoY. Local transportation increased by 11%, while exports remained flat. (Ukrainian metal)
DetailsChelyabinsk Iron and Steel Works has produced 2 million tons of rolled metal since commissioning of its rail and beam mill. 1.5 million tons were produced in early January. The company has the first manufacture of high quality rails and beams with the length of 100 meters in Russia. The first beam was produced on…
DetailsFerrexpo Plc. can increase the size of the pre-export financing of 2017 from $195 million to $500 million, postponing the payment from 3 to 4 years. According to the draft decision of the extraordinary shareholders meeting of Poltava Mining and Processing Works scheduled for September 17, amendments will be made to the loan agreement of…
DetailsThe government of Kyrgyzstan thinks how to remove dependence of the economy on Kumtor. The growth of the economy directly depends on the work of the mine. According to the head of the State Committee of Industry, Energy and Subsoil Use, Ulan Ryskulov, it is possible to launch up to ten large deposits in the…
DetailsIn January-June Russia imported 15.2 thousand tons of seamless corrosion-resistant steel pipes from Kazakhstan, up 50-fold YoY. Moreover the result of the whole 2017 has been exceeded 4.5-fold. Kazakhstan accounts for some 60% of all Russian imports of these products. Pipes for oil and gas pipelines represent the major part of imports. (Ukrainian metal)
DetailsIn January-June Korshunovsky Mining and Processing Works sold 846 thousand tons of iron ore concentrate, down by 40% YoY. In Q1 sales totaled 361 thousand tons, and in Q2 they grew by 41%, to 495 thousand tons. The increase in sales is due to the growth of output. In 2017 KGOK sold 2.5 million tons…
DetailsIn June Russia exported 272 thousand tons of raw aluminum, up by 5.4% YoY. According to the customs statistics, in January-June exports reached 1.55 million tons valued at $2824 million, up by 10.3% and by 24.1% YoY respectively. In June the average price was $1174 per ton FOB Russian border, up by 8.4% YoY. (Ukrainian…
DetailsThe Belozerskoye Mine Group (Donetsk region) has put into operation the 5th northern long face at the Novodonetskaya mine. The coal reserves total 2 million tons. The face will provide miners with enough work for the next 18 months. The length of the face is 300 meters. (Ukrainian metal)
DetailsAzovstal Iron and Steel Works will completely reconstruct its blast furnace shop. According to the company statement, by 2021 some 900 million UAH will have been invested in the environment modernization. 2 years ago Azovstal completed the reconstruction of the blast furnace No. 4, which is now one of the up-to-date and environment-friendly furnaces in…
DetailsThe Arbitrary court of Sverdlovsk region will consider the claim of Sortstal on being declared bankrupt. The court received the relevant document on August 24. According to it, the volume of claims is 49.87 million rubles. Sortstal was registered in 2004. Its main activities were wholesale of fuel, ore and chemical materials. (Ukrainian metal)
DetailsIn January-June Nordgold net profit decreased by 17% YoY, to $56.2 million. According to the company, the revenue dropped by 3%, to $589.7 million. EBITDA went down by 8%, to $246.2 million. In Q2 net profit decreased 3.1-fold QoQ, to $13.9 million The revenue dropped by 3%, to $289.6 million, and EBITDA – by 5%,…
DetailsThe ChTPZ Group has concluded a 5-year contract with Globaltrans. The document has been signed by ChTPZ CEO Boris Kovalenkov and Globaltrans CEO Valeriy Shpakov. According to the agreement, the New Transport Company, a part of Globaltrans, will be responsible for pipe transportation. Thus, the Globaltrans share in ChTPZ transportation will increase from 30% to…
Details