As a result of explosion late on November 10, the largest metal enterprise of Kazakhstan – ArcelorMittal Temirtau – has almost completely shut down its manufacture. The blast furnace No. 3 is currently under repair, while the operation of the blast furnaces Nos. 2 and 4 is limited. The press service of the company declined…Details
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In January-October the Belarus Iron and Steel Works (BMZ) exported 1.66 million tons of metal products worth over $1 billion, the company’s Press Secretary Alexander Olesik reported. In physical terms the export growth rate totaled 107.6% as against January-October 2017. In monetary terms the figure was 131.5%, with the sales profitability at 9%. In January-October…Details
In January-September DTEK decreased coal output by 4.9% YoY, to 19.987 million tons. At the same time the output of gas coal grew by 4.6%, to 17.711 million tons. Concentrate manufacture dropped by 14.6%, to 8.995 million tons. The Obukhovskoye Mine Group in Russia produced 2.276 million tons of coal and 1.421 million tons of…Details
Energomashspetsstal has shipped a batch of rolls to its long-time partner – ABB. In October EMSS sent 28 rolls weighing 220 tons to ABB enterprises in Finland and Poland. The rolls will be used to produce electric engines. Among the goods sent is a bulk roll with the weight of 50 tons. Such rolls are…Details
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
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