In short-term prices of metal products will remain stable, but in the mid-term they are expected to decrease. “Taking into account China’s policy, in the nearest 12 months the prices will retain their current levels”, Zaporizhstal CEO Rostislav Shurma said. “At present we are not on the worst stage of the cycle. In short-term some…Details
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In 2017 Zaporizhstal decreased prime cost of raw steel manufacture by $22 per ton. “We have a complex program on prime cost decrease. Last year we took some 400 measures to decrease it, which combined provided around $22 per ton”, the company CEO Rostislav Shurma said. Zaporizhstal has faced the increase of railroad, electricity and…Details
In January-March PMH-Ugol mined 798 thousand tons of coking coal, up by 22% YoY. According to the holding statement, the increase has to do with the mines named after Tikhov and the second stage of Butovskaya mine, commissioned in May 2017, gradually reaching full capacity. Coal concentrate output at Berezovskaya factory grew by 4%, to…Details
This year Zaporizhstal intends to produce over 4 million tons of pig iron and steel. “Pig iron manufacture will see the growth of some 15% and steel – around 3.5%”, the company CEO Rostislav Shurma said. Rolled metal output is expected to increase by 5%, to 3.7-3.8 million tons. Pig iron output has considerably increased…Details
The prices of gold, silver and platinum decreased, while the prices of palladium increased in Azerbaijan on April 26, according to the data published by the Central Bank. The cost of gold decreased by 6.528 manats, to 2250.1625 manats per troy ounce compared to the price on April 25. The cost of silver decreased by…Details
Swiss commodity trader Glencore, the biggest buyer of aluminum of Russian UC RUSAL, plans to resume purchases after the U.S. softens its anti-Russian sanctions, news agency Bloomberg reported citing sources familiar with the situation. Glencore has decided that it may continue buying RUSAL’s aluminum until October, according to the sources. Glencore declined to comment. RUSAL…Details
The Jamaican government can cancel Russian aluminum producer RUSAL’s control over West Indies Alumina Company (Windalco) due to the recent U.S. sanctions against the company, Minister of Transport and Mining Robert Montague declared. “Despite UC RUSAL’s intention to continue to operate as normal, the Ministry of Transport and Mining’s analyses indicate that normal operations will…Details
Ukrainian steelmakers’ association Ukrmetallurgprom and U.S.-based World Steel Dynamics have signed a memorandum of cooperation. This agreement can make Ukraine an international platform in Europe for industry representatives from around the world. The parties intend to introduce the practice of international industry forums and conferences for leading market experts to share experience. The cooperation opens…Details
BAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…Details
Kolmar intends to start supplying coal to India having commissioned the coal terminal in the port of Vanino. After the construction VaninoTransUgol will be able to load large vessels. At present because of the long logistics scheme and low deadweight such a cooperation is unprofitable. Now the company has contracts for the supply of coking…Details
In January-March Zagorsky Pipe Works shipped via railway 67.4 thousand tons of metal, up almost 4-fold YoY. Large diameter pipes accounted for some 95% of the sales. Almost all the pipes were supplied to the Russian oil and gas sector. The main suppliers of sheet steel to ZTZ were MMK, CherMK and UralStal – 104.6…Details
The largest coalmining enterprise of the Sakhalin – Solntsevskiy Coal Pit – is increasing output. In January-March it mined 1.5 million tons, up 3.7-fold YoY. In February the miners set a regional record having obtained 650 thousand tons of coal. Last year the enterprise received a new KomatsuPC-3000 excavator with the ladle volume of 16…Details
Polymetal International plc has confirmed the acquisition of a 50% stake in the silver deposits of Prognoz for $140 million, to be paid in Polymetal shares. As the result of the deal Polymetal stake in Prognoz reached 100%. The total cost of the purchase reached $215 million, including $3 million paid for the initial 5%,…Details