In October direct deliveries of steel to the companies manufacturing ferroconcrete structures, as well as house building factories totaled 13.4 thousand tons. According to the railroad statistics, this is down by 25.1% YoY. In January-October deliveries of steel reached 147 thousand tons, down by 30.8% YoY. (Ukrainian metal)Details
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In October railroad deliveries of steel to the warehouses of the major trading companies and networks amounted to 0.845 million tons. According to the railroad statistics, this is down by 13.5% YoY. In July-September the deliveries were down by 9.5-14.3%. In January-October steel deliveries to trading companies dropped by 3.7% YoY, to 8.8 million tons.…Details
In 2019 and 2020 Severstal will increase investments by 75%, to $1.4 billion, as opposed to $800 million on average in the past 7 years. “The major part of the investments has to do with the savings of expenses, including placing of conveyer belts at our mining enterprises and the savings of transport expenses. Others…Details
Russian gold producer Polymetal International has finished a feasibility study of the Nezhdaninskoye gold field under the JORC code, and expects commercial gold output from concentrate produced at the field to reach 155,000 ounces per year in the first 15 years of the field’s operation, the company said in a statement on November 12. Mineral…Details
Magnitogorsk Iron and Steel Works (MMK) Group has successfully passed the external supervisory audit of its quality management systems (QMS), environmental management systems (EMS) and industrial and labor safety management systems (ILSMS) for compliance with the requirements of international standards ISO 9001, IATF 16949, ISO 14001 and OHSAS 18001. The audit conducted by external auditors…Details
NLMK Group, a global steel company with operations in Russia, the European Union, and the USA will take part in Metal-Expo’2018, the 24th International Industrial Exhibition that will be held on November 13-16 at Pavilion No. 75, VDNH (Moscow). This year, the company will present “NLMK Priority” stand. The concept of the stand embodies one…Details
The price of one ounce of gold decreased by 15.0535 manats or by 0.72% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2088.7029 manats. The price of one ounce of silver dropped by 0.3144 manats or by 1.26%, to 24.8542 manats. The price of one ounce of platinum…Details
Prices of precious metals decreased in Azerbaijan on November 12, according to the data published by the Central Bank. The price of gold dropped by 24.191 manats, to 2,055.9035 manats per ounce on November 12 compared to the price on November 8. The price of silver fell by 0.59 manats, to 24.1205 manats per ounce.…Details
The gold output at the Verninskoye deposits, developed by Polyus Verninskoye, in Irkutsk region in Q3 grew by 12% QoQ, to 1.856 tons. Ore mining increased by 2%, to 755 thousand tons, while gold contents remained unchanged at 2.6 g per ton. Gold output also grew by 2% YoY. In January-September gold extraction at the…Details
Shareholders of Interpipe Novomoskovsk Pipe Works intend to turn the enterprise from public joint stock company into a private one. The issue will be discussed at the extraordinary meeting scheduled for December 14. The shareholders also want to renew the statutory documents, as well as documents on the general meeting, supervisory board, revision commission, etc.…Details
In January-October Ukraine decreased ferrous metals scrap exports by 18.5% YoY, to 316.196 thousand tons, valued at $102.5 million, up by 11.3%. According to the customs statistics, presented by the State Fiscal Service, in October Ukraine exported 8.274 thousand tons of scrap, in September – 7.59 thousand tons, in August – 19.05 thousand tons, in…Details
Interpipe is preparing to start mass deliveries of railroad tyres to the CIS countries. For the past several years the main sales market was Ukraine. In particular, the main buyer was Ukrzaliznytsia (Ukrainian Railways). In 2017 Interpripe supplied over 2700 tons of tyres to the Ukrainian market, and in January-September – some 2300 tons. But…Details
In October Dneprospetsstal increased steel output by 13.6% MoM, to 21.968 thousand tons. According to the company statement, rolled metal output dropped by 3%, to 12.837 thousand tons. In January-October steel manufacture grew by 2.4%, to 210.120 thousand tons, while rolled metal output fell by 2%, to 138.425 thousand tons. (Ukrainian metal)Details