The world demand for steel in 2018 will grow by 2.1% YoY, to 1.643 billion tons, according to Severstal. China will account for 766 million tons, and the rest of the world for 877 million tons. In 2019 the demand growth will slow down to 1.5%, to 1.667 million tons. Demand growth in Russia in…Details
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In October Tulachermet produced 211327 tons of pig iron, up by 12327 tons from the plan. Coke usage dropped by 12.8 kg per ton, to 489.2 kg per ton. The October output has become record-high with the operation of only 2 blast furnaces. The previous record of 211102 tons was set in December 2017. Such…Details
Energomashspetsstal has produced and supplied 4 back-up rolls weighing 77 tons to Essar Steel. The contract for the manufacture of rolls was signed in March 2017. The rolls will be used on hot- and cold-rolling strip mills. The companies have been cooperating for over 5 years. (Ukrainian metal)Details
In January-September Russky Ugol (Russian Coal) increased coal sales from the Sayano-Partizansky pit by 16%. Sales from the Amur region grew by 5%. Thus coal shipments from the pit in Krasnoyarsk region increased by 100 thousand tons YoY, to 748 thousand tons. Over 75% of coal was exported. This year it is planned to mine…Details
Siberian Coal Energy Company (SUEK) plans to hold an initial public offering (IPO), but has no specific timing, Chairman of the board of directors Alexander Landia said. “That’s our plan, be prepared. Because the market is quite volatile. If there is an attractive opportunity, we will be seriously looking at that,” he said and added…Details
Gazprom has ordered TMK the delivery of 255.01 thousand tons of large diameter pipes valued at around 21.5 billion rubles. The purchase documentation says that according to the order of Gazprom, an auction is not necessary when buying goods or services from the sole supplier. (Ukrainian metal)Details
The covered aqua-park “Lazurniy” is being constructed in the village of Razumnoye. So far Belenergomash-BZEM has supplied 350 tons of metal structures to the construction site, of which 300 tons have already been assembled. The aqua-park will become one of the attractions of the Belgorod region. (Ukrainian metal)Details
Pobuzhye Ferronickel Plant has started assembling the third stage of gas purification for the tubular rotary kilns Nos. 1 and 2. The project started in 2016. So far $1.8 million have been invested, including $600 thousand in 2017 and $1.2 million this year. The project will be completed in 2-3 years. Its total cost is…Details
Pobuzhye Ferronickel Plant has purchased two MAZ trucks with the lifting capacity of 25 tons. The cost of each machine is 2.5 million UAH. They will replace BelAZs with the lifting capacity of 35-40 tons. “We plan to buy 10 new trucks. We’ll see how these 2 trucks prove themselves, and then decide”, the company…Details
The President of Uzbekistan has approved a feasibility study of the investment project entitled as “”Muruntau” open pit mining (Priority 5) Stage 1″. The project will ensure the replenishment of the retiring reserves of gold ore deposits within the boundaries of Priority 4 of the Muruntau open-pit mine and the loading of the production facilities…Details
The Cabinet of Ministers will transfer some 500 million UAH to clear salary debts to state miners. “The funds will also be used to cover losses of Ukrainian mines in state ownership”, the Prime Minister Vladimir Groysman declared. On July 13 the Verkhovna Rada decided to pay additionally 1.4 billion UAH of subsidies to state…Details
Faroz has received a license to prospect and develop gold-ore and antimony deposits in Sogdiy region. The license for the Ukobkhon gold deposits and Pakhndar antimony deposits is valid until 2022. The company has been prospecting and developing Tajikistan subsoil for a number of years now. In particular, it has received the right to use…Details
In January-October Irkutsk region extracted 21635 kg of gold, up by 9.2% YoY. This year 30 enterprises are extracting gold in the region. Ore gold accounted for 11291 kg, and alluvial gold – for 10344 kg. Alluvial gold output remained unchanged YoY, while ore gold extraction grew by 19%. This year the region intends to…Details