The city of Magnitogorsk hosted a meeting of the coordination board of MMK and Uraltrubprom. The parties summed up the results of the January-October operation and agreed to further strengthen cooperation. In particular, it was decided to start producing welding wire at MMK-Metiz according to Uraltrubprom specifications. Uraltrubprom is one of the key consumers of…Details
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NTZ TEMPO has mastered the manufacture of steel electric-welded pipes with the diameter of up to 630 mm. But soon the Russian market will also see pipes with the diameter of up to 720 mm. The pipes will be produced at the mill commissioned in summer. The capacity of the mill is 8-10 thousand tons…Details
In January-November Azovstal increased rolled metal output by 0.8% YoY, to 3.53 million tons. Steel manufacture dropped by 5.6%, to 3.724 million tons, and that of pig iron – by 1.7%, to 3.407 million tons. In November Azovstal produced 256 thousand tons of rolled metal, 300 thousand tons of steel and 258 thousand tons of…Details
In accordance with the order of the General Director of PJSC MMK, some appointments have been made. In particular, Sergey Ushakov, who previously held the position of Deputy General Director for Production, was appointed Deputy General Director for Sales of PJSC MMK. Oleg Shiryaev, who previously held the position of Director of OJSC MMK-METIZ (Magnitogorsk…Details
The quotas to deliver metal products to the European Union countries have been 42-89% fulfilled. As of November 30 EU received 2.137 million tons of hot-rolled metal (50.06% of quota used). The quota for the delivery of cold-rolled metal has been 42.54% fulfilled (561 thousand tons), plate – 48.81% (704 thousand tons), rebars – 75.91%…Details
In October world pig iron manufacture increased by 7.66% YoY, to 107.287 million tons. China was still the largest manufacturer with 67.736 million tons of pig iron, up by 12.86% YoY. Ukraine retained the 9th place with 1.785 million tons. (Ukrainian metal)Details
Precious metal prices varied in Azerbaijan on December 3, according to the data published by the Central Bank. The price of gold increased by 0.7055 manats, to 2,083.2735 manats per ounce on December 3 compared to the price on November 30. The price of silver decreased by 0.0258 manats, to 24.342 manats per ounce. The…Details
Vysochaishiy has received a license to use the Svetlovodskoye ore filed. The company has paid 697.44 million rubles to use the field ahead of schedule. R1 reserves are estimated at 61 tons, and R2 – at 59 tons. The average gold content is 2 g per ton. The size of the site is 40 square…Details
Chernogorsky pit was the first of SUEK enterprises in the Republic of Khakasia to fulfill its annual target. Since the start of the year the pit has yielded over 7 million tons of coal. Investments in 2013-2017 totaled 6.85 billion rubles, and in Q1-Q3 2018 – 1.3 billion rubles. (Ukrainian metal)Details
The undistributed fund of the Zabaikalye region has coal worth some 5.5 trillion rubles. Development of these deposits could attract 116 billion rubles and create 2.6 thousand jobs. There are also ongoing projects worth 4 trillion rubles. Investments in them are estimated at 7.4 billion rubles. Moreover, the region has 258 sites with gold and…Details
The Russian government has decided to decrease the rare-earth metals ore mining tax. According to the chairman of the government Dmitry Medvedev, this will stimulate the mining of rare-earth metals. The tax is proposed to be decreased from 8% to 4.8%. “Some types of rare-earth metals are of strategic importance. But the development of their…Details
Members of the parliament Andrey Lugovoy, Irina Guseva, Sergey Kryuchek and Boris Paykin have submitted to the State Duma the draft bill to limit cash payments when accepting scrap of ferrous and non-ferrous metals from the population. The document provides for the mandatory non-cash payment when the scrap valued over 10 thousand rubles is purchased.…Details
The State Service for Combating Economic Crimes of Kyrgyzstan detected two companies in Osh region that illegally mined and exported antimony to China, press service of the agency reported. According to it, U.T. and K. Company in 2017 and from January 1 to June 30 exported 1,764 tons of antimony ore and concentrate to the…Details