The prices of some precious metals decreased in Azerbaijan on September 5, according to the data published by the Central Bank. The price of gold dropped by 10.5825 manats, to 2,029.0265 manats per ounce on September 5, compared to the price on September 4. The price of silver fell by 0.5654 manats, to 24.0524 manats…Details
On August 27 Verkhnevolzhsky Service Metal Center opened a warehouse of coil steel with the size of 2625 square meters. The warehouse can accommodate up to 1810 coils, which completely meets the manufacturing capacities of the company. To service the clients the new site has two bridge cranes with the lifting capacity of 16 tons.…Details
The largest receivers of VAT among metal companies in August were Azovstal and Mariupol Ilyich Iron and Steel Works – 687.2 million UAH (636.6 million UAH in July) and 557.8 million UAH (908.9 million UAH) respectively. Zaporizhstal received 423.2 million UAH (562.9 million UAH), while ArcelorMittal Kriviy Rih – 375.8 million UAH (992.8 million UAH).…Details
In January-July Ferrexpo exported 5.768 million tons of iron ore pellets. In particular PGOK exported 4.465 million tons and EGOK – 1.303 million tons. Karelsky Okatysh (Russia) exported 3.239 million tons of pellets. Metinvest exports totaled 2.979 million tons, including CGOK – 1.348 million tons and SevGOK – 1.631 million tons. Metalloinvest (Russia) exported 2.353…Details
Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…Details
Caljan Rite-Hite, which produces loading transporters and elevators, has purchased the mechanical shop of the Liepājas metalurgs. There the company intends to assemble its own manufacture. According to company director Gatis Dradeika, the negotiations with the Citadele bank on the purchase were long and complex, as they involved a third party – the state. Caljan…Details
In August Ukraine decreased steel production by 0.5% MoM, to 1.806 million tons. Pig iron manufacture dropped by 2%, to 1.733 million tons, while that of rolled metal grew by 1%, to 1.515 million tons. In January-August Ukraine produced 14 million tons of steel, 13.65 million tons of pig iron and 12.27 million tons of…Details
Energomashspetsstal has fulfilled another order of LASCO Umformtechnik GmbH by supplying a bulk hammer frame to Germany. According to the agreement, the billet weighing 61 tons was processed at EMSS and shipped in August. So far this is the 16th hammer frame produced by EMSS for LASCO. The companies have been cooperating for over 9…Details
In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…Details
In January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…Details
According to the Russian Railroads, in August transportation volumes reached 108.4 million tons, up from 107.6 million tons in July and by 2% YoY. In January-August railroads transported 857.8 million tons, up by 2.9% YoY. In particular, iron and manganese ores accounted for 77. million tons, up by 5.4%, ferrous metals – 52.5 million tons,…Details
The gas supplies to the Mikhailovsky Mining and Processing Works have been suspended following an accident at the gas pipeline in Kursk region.
This is the fifth accident on Gazprom pipelines since the start of the year.
Because of the accident MGOK has suspended the manufacture of pellets. (Ukrainian metal)
Titan, the works of the Ukrainian oligarch Dmitry Firtash in Russia-occupied Crimea, is working on Ukrainian raw materials from Zhitomir region. The following scheme is used to supply the ilmenite: Odessa port – Samsun port under fictitious contract – Kerch. “Ukraine really has to do with the environment catastrophe in Crimea. But the thing is…Details
A shutdown of the Nadvoitsy Aluminum Smelter is long overdue, but aluminum giant RUSAL has not discussed closure of its other plants, Industry and Trade Minister Denis Manturov declared on September 4. “Concerning shutting and preservation works at the other facilities, I am unaware of anything of the kind. Maybe there are rumors or discussions…Details
The Ural division of Rostechnadzor has filed a suit to the court to suspend the operation of the Serov Ferroalloys Works because of the breach of industrial safety regulations. The company has faced an unscheduled inspection following the death of a crane operator in June. During the inspection 26 violations of industrial safety requirements have…Details
Corum Svet Shakhtera has created a mine complex, consisting of a shearer, a longwall conveyer, a loader and anchoring.
While creating the complex, the machine-builders have taken into account the peculiarities of the Donbass mines, which are the main customers of Corum.
In particular, this complex was ordered by the Sadkinskaya mine. (Ukrainian metal)
Dortrans LLC from the city of Khabarovsk has filed a suit to the arbitrary court of Irkutsk region on declaring the Bratsk Ferroalloys Works LLC bankrupt. The suit was registered on August 30, but the hearing had not been scheduled yet. The amount of claims is 1.45 million rubles. In April a court already satisfied…Details
As of September 3, the Novaya miners team has yielded 134 kg of gold. This season the team has started washing at a new site – Nizhnyaya Amunakta, having so far obtained 60 kg of gold. The enterprise is also prospecting at Tangrak. The development of the site is scheduled for spring 2019. The team…Details
On August 31 Belarus Iron and Steel Works exceeded a milestone in sales – $1 billion. This year the milestone has been reached 2 months earlier than in 2017. The symbolic billionth dollar was earned by a batch of bars shipped to Zerbst GmbH (Germany). In January-August BMZ sold 1.5 million tons of metal, with…Details
Mednogorsk Copper and Sulfur Works is repairing roof and walls of the copper smelting shop. The repair is carried out under the program of premises maintenance. In May-June the contractors repaired 712 square meters of walls. At present they are working on the roof of the size of 1539 square meters. Last year 1782 square…Details
Elga coal complex, developed by Elgaugol LLC, is the largest coal deposit in Russia, employing 1650 people. In January-June 2.5 million tons of coal were mined there, up by 31% YoY. Elga coal is in stable demand on the local market and in the countries of the Asian-Pacific region. Elga coal complex is the largest…Details
In August Zaporizhstal produced 356.3 thousand tons of steel, up by 0.9% YoY. Pig iron output grew by 3.5%, to 395.2 thousand tons, and rolled metal – by 0.5%, to 302 thousand tons. In January-August the company produced 2.749 million tons of steel, 2.932 million tons of pig iron and 2.414 million tons of rolled…Details
NLMK Group, an international steel company, has appointed Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia. Dmitry Furmanov’s appointment is effective from September 1. In addition to managing the company’s operations, in his new capacity Furmanov will be responsible for the…Details
The prices of precious metals varied in Azerbaijan on September 3, according to the data published by the Central Bank. The price of gold decreased by 9.044 manats, to 2,039.983 manats per ounce on September 3 compared to the price on August 31. The price of silver dropped by 0.2612 manats, to 24.6028 manats per…Details
PJSC ArcelorMittal Kriviy Rih keeps modernizing equipment. Section No. 9 of magnetic separation area was commissioned at OBP-2. 13 new separation units manufactured by Finnish company “Metso” were installed to replace 54 old ones, which enabled to reduce power consumption by 73 kW/h per day. There are five magnetic separation sections at OBP-2 in total.…Details
Senior Environment Adviser of European Bank for Reconstruction and Development (EBRD) Robert Adamczyk and Senior Manager for Sustainable Development and Corporate Responsibility of ArcelorMittal Аlan Knight paid a two-day working visit to ArcelorMittal Kriviy Rih. At the end of 2017 EBRD approved opening of a credit line for ArcelorMittal at 350 million euros to finance…Details