The prices of precious metals decreased in Azerbaijan on August 10, according to the data published by the Central Bank. The price of gold decreased by 5.015 manats, to 2059.0655 manats per ounce on August 10 compared to the price on August 9. The price of silver went down by 0.097 manats, to 26.1884 manats…Details
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In January-July Ukraine decreased exports of iron ore raw materials by 5.3% YoY, to 21.487 million tons valued at $1.623 billion, up by 5%. The main importers were China (20.19%), Poland (14.4%) and Slovakia (13.2%). In 7 months Ukraine imported 9.073 thousand tons of iron ore raw materials, down by 95.6% YoY, valued at $617…Details
In January-July Ukraine imported 25.791 thousand tons of ferrous scrap valued at $22.01 million, up by 71.6% and by 57.7% YoY respectively. According to the State Fiscal Service, Turkey supplied 71.93% of scrap, Russia – 9.64% and Slovakia – 9.41%. Ukraine also imported 1.12 thousand tons of hot-briquetted iron from Russia valued at $474 thousand,…Details
In January-July Ukraine exported 281.282 thousand tons of ferrous scrap valued at $92.418 million, up by 49.6% and 2.3-fold YoY respectively. According to the State Fiscal Service, in July Ukraine exported 10.939 thousand tons of scrap, in June – 19.359 thousand tons, in May – 34.537 thousand tons, in April – 76.331 thousand tons, in…Details
In January-June Russia exported 23.565 million tons of ferrous metals, up by 13.8% YoY. According to the Federal Customs Service, ferrous metals exports not counting pig iron, ferroalloys, scrap and wastes totaled 15.427 million tons, up by 5.1%. Exports of carbon steel semi-finished products grew by 13.7%, to 8.172 million tons. Flat rolled metal of…Details
Kazakhstan Electrolysis Works intends to increase primary aluminum manufacture. In 3-5 years the company will continue its work of increasing current strength in electrolytic cells from 320 kA to 340 kA. This will allow producing up to 265 thousand tons of primary aluminum per year. The design capacity of the works is 250 thousand tons…Details
In July direct deliveries of ferrous metals to railroad machine-building companies totaled 132.2 thousand tons. According to the railroad statistics, this is up by 52.4% YoY. In January-July deliveries reached 893 thousand tons, up by 25.4% YoY. (Ukrainian metal)Details
In July Severstal-Metiz manufactured the record-high amount of high-carbon products – almost 15 thousand tons. The large output was due to the lack of delays in machinery operation and the favorable order portfolio. Consumption is active both locally and abroad. The main consumers are agriculture and light industry. “The previous record, set in May 2017,…Details
Chukotka has one of the largest reserves of gold in Russia – it occupies the second place after Krasnoyarsk region. Last year Chukotka yielded 25.3 tons of gold, 8% of the total Russian output of 306.9 tons. In the next 2 years the residents of the Beringovsky advanced development territory will occupy a considerable place…Details
VIZ-Stal has begun the third stage of the bell furnaces modernization. By the end of the year the company will have put into operation 18 new stands. The usage of the modern equipment will decrease maintenance costs by 20%, while increasing the reliability and wear-resistance of the furnaces. The program to replace bell furnaces started…Details
Due to the implementation of energy saving techniques Abinsky Electrometallurgical Works was able to considerably increase output. In November 2017 the arc furnace shop suspended operation due to the breakdown of the arc furnace transformer. In March the operation was resumed, and the works reached the full capacity again. One of the records was set…Details
Net profit of Evraz in January-June grew to $1.145 billion from $86 million in H1 2017. Free money flow increased from $549 million to $661 million, while the debt dropped by $646 million, to $4.786 billion. Consolidated EBITDA went up by 65.5%, to $1.906 billion. (Ukrainian metal)Details
Tau-Ken Altyn gold refinery produced more than 10 tons of pure gold in the first six months of 2018. “The gold refinery sent more than 10 tons of 9999 refined pure gold bars to the National Bank,” its representative Muratbek Zhanas declared. “This year the Tau-Ken Altyn refinery is expected to refine and sell 20…Details