In September sales of steel and pipes via railroad from the major metal companies dropped by 4.5% YoY, to 4.94 million tons. Delivery to the local market totaled 2.91 million tons, down by 7.4%, while exports grew by 0.1%, to 2.03 million tons. In 9 months steel sales via railroad reached 47.7 million tons, up…Details
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In September Russia transported 6.22 million tons of ferrous metals via railroad, up by 1.7% YoY. Deliveries to the local market dropped by 0.8%, to 3.6 million tons, while exports grew by 7.5%, to 2.21 million tons. Imports decreased by 16.8%, to 303.7 thousand tons. In January-September ferrous metals transportation reached 58.22 million tons, up…Details
The Vorgashorskaya mine has become the first enterprise of Vorkutaugol to mine 2 million tons of coal this year. By the end of the year the mine intends to have extracted one more million tons of coal. The mine is the largest coal-extracting enterprise on the European part of Russia. This is also the youngest…Details
Nizhniy Tagil Iron and Steel Works, a part of Evraz, will construct its fifth continuous casting machine. “We’re modernizing extraction systems in the mixing department, which will decrease impact on the environment. We are also planning to develop the department of continuous cast steel and have started the project of the CCM No. 5”, Evraz…Details
In Q3 Zagorsky Pipe Works reached its design capacity and produced 138 thousand tons of large diameter pipes in January-September. In July the company shipped 45 thousand tons, in August – 37 thousand tons, while in September – 56 thousand tons. In particular, for Gazprom ZTZ produced 130 thousand tons, including 37 thousand tons for…Details
The project to create a new pipe manufacture at Vyksa Iron and Steel Works is entering the investment stage. The new shop will produce a wide range of seamless pipes with the diameter of 70-273 mm with the annual capacity of 450 thousand tons. Investments in the project are not disclosed. Danieli will supply the…Details
Energomashspetsstal has won a tender to supply over 700 tons of rolls to ABB. The rolls will be used in electric engines. According to the schedule of deliveries, the billets will be shipped to the customer in February 2019. In September EMSS shipped a batch of rolls for ABB to Finland. The batch included 12…Details
Belarus Iron and Steel Works intends to commission a new gas and dust extraction system in 2019. According to the company information, investments in the project will exceed $13.5 million. 55% of funds have already been used. WaterGroup Ltd. (Finland) has supplied all the necessary equipment. To assemble the system, the electric furnace No. 3…Details
Magnitogorsk Iron and Steel Works (MMK) has decided to use the electronic trading platform B2B Center to choose equipment repair services. This will ensure the openness of tender procedures, as well as automating the collection of proposals from potential contractors and expanding the customer base. “We have successfully tested the capabilities and functionality of B2B…Details
Prices of gold, silver and platinum decreased in Azerbaijan on October 8, according to the data published by the Central Bank. The price of gold fell by 2.3 manats, to 2,035.3165 manats per ounce on October 8 compared to the price on October 5. The price of silver dropped by 0.1433 manats, to 24.6487 manats…Details
Alliance Altyn Company is going to put a license for development of Jerooy gold deposit in pledge in a bank to get a loan of $180 million, Daniyar Zhanykulov, head of the company’s public relations department, reported. According to him, the wording of the law on mineral resources, adopted in May, allows companies to carry…Details
The price of one ounce of gold increased by 17.527 manats or by 0.87% last week in Azerbaijan, to 2,033.8273 manats. The price of one ounce of silver decreased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum grew by 18.3022 manats or 1.32%, to 1,400.0622 manats. While…Details
An alternative route has been established for the supply of raw materials from Azerbaijan to Tajikistan for the needs of the Tajik Aluminum Company (TALCO), the Tajik Embassy in Azerbaijan reported. This route implies deliveries from Azerbaijan through Russia, Kazakhstan and Uzbekistan to Tajikistan bypassing Turkmenistan. The transit through Turkmenistan has recently been closed, and…Details