In January-June Ferrexpo invested over 1.4 billion UAH (more than $52.9 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, PGOK received 938 million UAH ($35.1 million), while EGOK and BGOK – 474 million UAH ($17.8 million). The projects to maintain manufacture at PGOK amounted to 333 million…Details
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Uralelectromed is constructing the second stage of the steel structures manufacture. The work is scheduled to have ended by 2019. The capacity of two stages will be 8 thousand tons of metal structures per year. The estimated cost of the second stage construction is 380 million rubles. The construction of the second stage of the…Details
In summer Develens LLC received 9 orders from state mine groups to supply machinery valued at 106.51 million UAH. In particular, the state enterprise Yuzhnodonbasskoye Mine Group No. 1 has placed orders valued at 48.6 million UAH. Conveyer costs 33.95 million UAH, while narrow shearer costs 14.65 million UAH. The state enterprise Mirnogradugol placed orders…Details
In July-August Ukrzaliznytisa concluded 27 agreements with Interpipe Ukraine LLC on the purchase of wheels valued at 254.48 million UAH. The cost of most agreements was less than EUR 133 thousand. Interpipe will supply 13547 wheels produced by Interpipe NTZ in 2017-2018 at 19080 UAH apiece. The value of the order is 0.5% below the…Details
The Velikomostovskaya mine of the state enterprise Lvivugol has exceeded its annual plan by 112.6%. On September 10 the mine completed its annual plan on rock mining. Since the start of the year the enterprise has mined 1550 meters of rock. (Ukrainian metal)Details
In January-August the Republic of Buryatia extracted 3482.8 kg of gold, down by 2% YoY. In particular, ore gold accounted for 2269.8 kg, on par with the previous year results. The republic has also obtained 1213 kg of alluvial gold, down by 5%. In January-July gold output totaled 2929.7 kg, up by 7% YoY. (Ukrainian…Details
Rushydro and Rusal have taken a pause in the construction of the Taishet Aluminum Plant because of the sanctions. Earlier the Rushydro CEO Nikolai Shulginov noted that the company deemed it necessary to review the initial conditions of participation in the project. Rusal began constructing the plant in Irkutsk region in 2006, but had to…Details
In January-August deliveries of steel products to construction companies (including imports) decreased by 7.8% YoY. Bars accounted for 43.6% of the total deliveries. The result dropped by 8% YoY. Shapes and sections accounted for 34%, down by 8%. The share of roofing steel, including galvanized, was 8.1%, down by 11.7%. The share of steel pipes…Details
In June-August direct deliveries of ferrous scrap to the major metal companies and pipe plants totaled 4.31 million tons. According to the railroad statistics, this is up by 13.7% YoY. At the same time it is down by 2.8%, up by 22.6% and by 12% compared to 2014, 2015 and 2016 respectively. (Ukrainian metal)Details
According to the statistics committee of the Ministry of National Economy, in August Kazakhstan produced 0.374 million tons of steel (0.367 million tons in July), down by 5.2% YoY. In January-August steel manufacture dropped by 0.5%, to 3.061 million tons. Flat rolled metal output grew by 7.1%, to 2.017 million tons, with 0.279 million tons…Details
Magnitogorsk Iron and Steel Works will take part in the Expert Group for the Development in Russia of Standards for the Implementation of Technology and Innovation. A unified methodology will increase demand for Russian technology and help boost Russian companies’ competitiveness. The standards will constitute recommendations on working with external innovations, along with other measures…Details
The prices of precious metals varied in Azerbaijan on September 12, according to the data published by the Central Bank. The price of gold decreased by 0.5355 manats, to 2,029.222 manats per ounce on September 12, compared to the price on September 11. The price of silver decreased by 0.0787 manats, to 23.9715 manats per…Details
In August Dneprospetsstal produced 20999 tons of steel, up by 3% MoM, and 14034 tons of rolled metal, up by 8.6%. The combined cost of the products manufactured in August totaled 849861 thousand UAH, up by 7.4%. In January-August the company produced 168808 tons of steel and 112359 tons of rolled metal, down by 1.9%…Details