Novosibirsk Iron and Steel Works intends to modernize its pipe manufacture. “In 2018-2019 we will carry out an investment project to restructure pipe manufacture and purchase a pipe mill to replace outdated machinery, improve economic efficiency and increase pipe range”, the company said. Investments are expected to total $4 million. In 2017 NMZ increased revenue…Details
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At the 3rd Russian-South African Conference on Platinum Group Metals official representatives of Norilsk Nickel have reported on their achievements in the illegal trade struggle. It was decided to create the bank of platinum group metals and their raw materials. Nornickel has developed a unique test to determine the origin of precious metals contained in…Details
Metalloinvest and ChTPZ Group have agreed on the creation of the joint scientific engineering center to develop innovation steel grades and improve steel product characteristics. “Metalloinvest has a vast experience in cooperation with ChTPZ. The creation of the center will bring us to a new level – ChTPZ specialists will be taking direct part in…Details
According to MetalInfo rating for the first half-year, Kamensk-Uralsky Iron and Steel Works has been named the leader among the major Russian manufacturers of rolled aluminum. The rating was created on the basis of the survey of metal products buyers, market experts and the companies’ analysis. In H1 KUMZ increased sales by 7% YoY, with…Details
In January-June Ukraine increased power-generating coal output by 2.3% YoY, to 13.293 million tons, but decreased that of coking coal by 9%, to 3.2 million tons. According to the Ministry of energy and coal industry, combined coal output in 6 months dropped by 0.1%, to 16.495 million tons. State mines decreased coal output by 8.8%,…Details
PJSC ArcelorMittal Kriviy Rih will provide for realization of social projects that will enable to improve Kriviy Rih city environment. Paramjit Kahlon, the company’s CEO, and Yuriy Vilkul, Kriviy Rih mayor, signed social partnership agreement. Yuriy Vilkul: “PJSC ArcelorMittal Kriviy Rih is a core company of the city. It is highly important that besides performance…Details
In June Russia produced 6.12 million tons of steel, up by 8.9% YoY (6.077 million tons in May). In 6 months steel manufacture increased by 2.8% YoY, to 36.066 million tons. Ukraine increased output by 7.5% YoY, to 1.711 million tons (1.695 million tons) and produced 10.391 million tons of steel in 6 months, up…Details
Seligdar has reached the manufacture of gold at over 1 ton per month. In particular, in July the output totaled 1008 kg or 32408 ounces. This is the fist time that the company has exceeded the 4-digit level of gold output. In January-June Seligdar also processed 10 million cubic meters of rock, while some 3…Details
In January-June Izhstal exported 31 thousand tons of metal, up 2.2-fold YoY. The share of exports in the overall output reached 14%. Belarus is one of the main export markets for the company. In 6 months exports there grew by 63% YoY. In particular, deliveries to the Minsk Tractor Works increased by 40%. (Ukrainian metal)Details
In April-June Raspadskaya, one of the Russia’s largest coking coal manufacturers, decreased output by 19% QoQ, to 2.43 million tons. June output dropped because of the decrease of operating long faces from 3 to 2. Moreover, in May the mine had to stop operation to improve industrial safety. “In H2 Raspadskaya mine will resume operation…Details
Uralelectromed has commissioned the first stage of steel structures manufacture. The new site is in the old copper foil shop. The new manufacture is expected to completely cover the need of UGMK in steel structures. The capacity of the first stage is 6 thousand tons per year. 500 million rubles were invested in the project…Details
Prices of precious metals in Azerbaijan fell on July 30, according to the data published by the Central Bank. The price of gold decreased by 7.2505 manats, to 2074.3825 manats per ounce on July 30, compared to the price on July 27. The price of silver decreased by 0.0345 manats, to 26.2126 manats per ounce.…Details
Prices of precious metals in Azerbaijan changed over to decline on July 27, according to the data published by the Central Bank. The price of gold decreased by 12,0445 manats, to 2081,633 manats per ounce on July 27, compared to the price on July 26. The price of silver decreased by 0,2755 manats, to 26,2471…Details