Russia: Sibcable output up in H1 2018
In January-June Sibcable increased cable output by 40% YoY. In particular, the company produced 530 km of power cables. Control cable output grew 2.5-fold, to 17.6 thousand km. (Ukrainian metal)
DetailsRussia: ferrous metals deliveries to agriculture machinery manufacturers down in H1 2018
In June direct supplies of ferrous metals to the major agriculture manufacturers via railroad totaled 12.5 thousand tons. This is 5.9% less than in June 2017. In January-June deliveries decreased by 15% YoY, to 79.4 thousand tons. (Ukrainian metal)
DetailsRussia: Magadan region gold output up in H1 2018
In January-June Magadan region extracted 13.4 tons of gold, including 4.3 tons of alluvial gold and 9.1 tons of ore gold. Silver output reached 359 tons. Gold output increased by 14.5% YoY. At the same time silver manufacture demonstrated a slight decrease – by 2.7%. This year the region intends to yield 37 tons of…
DetailsRussia: metal output up in Volgograd region
In January-May the metal industry of the Volgograd region demonstrated positive dynamics. In particular, alloyed steel output increased by 1.6% YoY, pipes, sections and fittings – by 16.6%. Metal companies transferred 1.1 billion rubles of taxes to the regional budget, up by almost 20% YoY. The average salary in the industry totaled 41.2 thousand rubles,…
DetailsRussia: KrAMZ to produce spare parts for domestic limousines
Krasnoyarsk Iron and Steel Works has started producing spare parts for the Aurus project, the range of Russian limousines. This year the company will produce 8.5 tons of spare parts. The sales of the cars are expected to start in 2019 with some 50-70 units per year. (Ukrainian metal)
DetailsRussia: Rusolovo output up in H1 2018
In January-June Rusolovo mined 114.776 thousand tons of ore, up by 199% YoY. Tin concentrate output reached 361 tons, up by 62%. Pravourminskoye LLC yielded 65% of the tin concentrate, and the rest was provided by the Tin Ore Company. This year the company intends to mine 286.446 thousand tons of ore and produce 1600…
DetailsRussia: MMK-Metiz puts new machinery into operation
MMK-Metiz has commissioned a new machine to produce ropes and wire. The first stage of the machine will produce high-carbon wire and steel ropes with the total capacity of over 43 thousand tons per year. The cost of the project is 1.5 billion rubles. The second stage will be commissioned in Q4. (Ukrainian metal)
DetailsRussia: Ural Steel commissions heat-treatment furnace
Metalloinvest has put into operation the heat-treatment furnace No. 1 – the rolling quench machine No. 1 at Ural Steel. The cost of the project was 1.2 billion rules. Last year the company received a 10-year loan from ING Bank (the Netherlands) for 11.5 million euro to finance the project. The machine will increase the…
DetailsRussia: Nornickel allowed to expand Mayak mine
The project to construct underground mine Mayak has been approved by the State expertise service. The mine will be able to yield 1 million tons of copper-nickel ore per year. The project provides for underground operation only. The construction will be financed by Nornickel itself. (Ukrainian metal)
DetailsAzerbaijan: precious metals drop in price on July 16, 2018
The prices for main precious metals in Azerbaijan have decreased July 16, according to the data published by the Central Bank. The price of gold increased by 0,918 manat, to 2115,684 manats per ounce on July 16, compared to the price on July 13. The price of silver decreased by 0,1496 manats, to 26,9402 manats…
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