The Fund of Bashkortostan industry development could support the new investment project of Beloretsk Iron and Steel Works on ferrous metals processing. Investments planned might exceed 1.1 billion rubles. As one of the tools of support the company mulls a soft loan of 540 million rubles. The loan at 3-5% is to be paid from…Details
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In October Energomashspetsstal shipped 230 tons of rolls to three domestic metal enterprises. Work and back-up rolls have been delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Kramatorsk Metal Rolling Works LLC. All the companies are long-time partners of EMSS. (Ukrainian metal)Details
In spite of the Russian aggression, Ukrainian metal and machine-building companies try to be present on the Russian market and strengthen their ties with traditional clients. This year Metal-Expo-2018 to be hosted in Moscow on November 13-16 will welcome 12 Ukrainian participants, including major and well know in Russia metal companies. Metinvest will traditionally participate…Details
In October Ukraine decreased steel output by 1% MoM, to 1.772 million tons. At the same time pig iron manufacture grew by 6%, to 1.775 million tons, while that of rolled metal dropped by 2%, to 1.523 million tons. In January-October Ukraine produced 17.08 million tons of pig iron, up by 7% YoY, 17.54 million…Details
In January-October Azovstal produced 3.285 million tons of rolled metal, up by 4.4% YoY. Steel output dropped by 4%, to 3.424 million tons, but that of pig iron grew by 0.9%, to 3.149 million tons. In October Azovstal produced 249 thousand tons of rolled metal, 255 thousand tons of steel and 255 thousand tons of…Details
Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…Details
In January-September Rusal received $1.549 billion of net profit, up by 98.1% YoY. The corrected net profit grew by 20.1%, to $873 million. Revenue reached $7.915 billion, up by 9.6%. In Q3 net profit increased by 46.3% QoQ, to $597 million, with corrected up by 55%, to $448 million. Revenue reached $2.918 billion, up by…Details
In October Mariupol Ilyich Iron and Steel Works ascended to the first place among the largest VAT receivers. The company was reimbursed 761.7 million UAH as opposed to 669.4 million UAH in September (second place). According to the State Treasury Service, Zaporizhstal received 486.7 million UAH (616.8 million in September) and Nikopol Ferroalloy Plant –…Details
Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…Details
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…Details
A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…Details
In September Zaporozhkoks produced 65.03 thousand tons of blast furnace coke. The manufacturing goal for the month has been reached. In January-September the company produced 609.98 thousand tons of blast furnace coke. The output decreased YoY because of the scheduled repair of the coke-oven battery No. 5 Investments in the repair totaled 73 million UAH.…Details