Mining and processing works of Ukraine now stock 700 thousand tons of iron ore raw materials with the norm of 150 thousand tons due to the difficulties with shipping via railroad. In August the companies undersupplied $100 million worth of products. “In September the goal will not be reached, thus, the companies will have to…Details
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Nordgold has put into operation a new mine – Gross – in Yakutia. Investments in the mine are estimated at $250 million. When the mine reaches its design capacity it will be extracting some 12 million tons of ore and producing 200 thousand ounces of gold per year for 17 years. (Ukrainian metal)Details
In June-August direct deliveries of rolled steel to the major metal servicing centers specializing in the manufacture of metal structures, totaled 594.5 thousand tons. According to the railroad statistics, this is up by 2.8% YoY. At the same time deliveries dropped by 5%, but grew by 20% and by 3% as compared with 2014, 2015…Details
In August direct deliveries of metal to the major enterprises of the oil and gas complex of Russia and to the construction sites of new oil and gas projects totaled 336.2 thousand tons. According to the railroad statistics, this is down by 21.2% YoY. In January-August deliveries reached 2.84 million tons, down by 12.1% YoY.…Details
In June-August steel deliveries to major metal traders totaled 2.71 million tons. According to railroad statistics, this is up by 6.1% YoY. At the same time deliveries grew by 24%, 14% and 2.6% compared with 2014, 2015 and 2016 respectively. (Ukrainian metal)Details
The board of directors of the Pipe Metal Company (TMK) has approved the buy back of the shares valued at $30 million. The project will be carried out in 2018-2019. The papers bought back will be kept by TMK. The company plans to buy back up to 29.3 million shares, or 7.3 million GDR. (Ukrainian…Details
ArcelorMittal Temirtau is reconstructing its hot-rolling mill-1700 in the sheet-rolling shop No. 1. The goal of the project is to replace outdated machinery and increase capacity. The machinery is supplied by Novokramatorsk Machine-Building Works (Ukraine). So far the company has shipped machinery for the second stage of repairs. Soon NKMZ specialists and AMT employees will…Details
Novorosmetal has announced the construction of a rolling plant near the town of Novorossijsk. According to the department of economical development of the town administration, 10.2 ha of land has been reserved for the plant. The company is expected to create 450 to 600 jobs. The Novorossijsk Rolling Plant LLC has already been created. The…Details
Ukraine’s exports in January-August of titanium ore and concentrate – a raw material used for titanium sponge production – grew by 3.1% YoY, to 419,030 tons, the state customs service reported. Revenue from exports of the commodity increased to $87.7 million from $66.2 million a year ago, the customs service said. In January-August Ukraine shipped…Details
In early September the DTEK Space Heroes Mine Group reported the yield of over 3 million tons of coal since the beginning of the year. In mid-August the mine named after Space Heroes reported mining of 2 million tons of coal. In early September the miners of the Blagodatnaya mine joined them with another million…Details
In January-July Russian imports grew by 11.8% YoY, to $136.9 billion. According to the customs statistics, the share of metal and metal wares was 7.3%, up from 7.1%. The share of far foreign countries was flat at 5.9%, while that of CIS countries went up to 18.5% from 16.3%. The monetary value of imports grew…Details
According to the customs statistics, in January-July Russian exports totaled $239.1 billion, up by 27.9% YoY. The share of metal and metal wares was 10.6% (up from 10.1%). The share of the far foreign countries grew from 9.7% to 10.2%, and of CIS from 12.3% to 13%. The monetary value of exports increased by 34.5%,…Details
Severstal Steel Decisions has completed the shipping of metal structures for the construction of an office building in the village of Ozeretskoye in Moscow region. The total floor area of the building is 120 square meters. The company has supplied 140 tons of metal structures. (Ukrainian metal)Details