The prices of main precious metals increased in Azerbaijan on July 4, according to the data published by the Central Bank. The cost of gold increased by 30.7785 manats, to 2,136.4835 manats per ounce compared to the price on July 3. The cost of silver increased by 0.4613 manats, to 27.321 manats per ounce. The…Details
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Nikolai Kovalchuk, an employee of the Novovolynskaya-10 mine, who took part in the underground strike demanding salary debts to be cleared, ended up in the hospital. According to Mikhail Volynets, chairman of the Independent Miners Union of Ukraine, he suffered from vomiting and bleeding. Kovalchuk has been taken to the hospital by the mining rescuing…Details
Interpipe has invested $8 million in the construction of the pipe finishing line at its Interpipe Niko Tube works in the city of Nikopol. The assembly of the machinery has been completed. Now the line is being tested. When it reaches its project capacity it will be able to process 93 thousand tons of pipes…Details
On July 3 a fire broke out in the manufacturing shop of the Aluminum Casting Works in the city of Barnaul. 6 units of special machines and 21 firefighters extinguished the fire in 16 minutes. Several days ago, on June 30, three roofers fell from the 15-meters high shop building, where they were repairing the…Details
Chelyabinsk Zinc Works has held an annual shareholders meeting. It was decided not to distribute the profit of 5.4 billion rubles for 2017. Thus, dividends for 2017 will not be paid. (Ukrainian metal)Details
58 years ago, on July 3, ArcelorMittal Temirtau produced the first Kazakh pig iron. This day is considered the birthday of the leader of Kazakh metal industry. Now the company is the only enterprise in Kazakhstan with the complete metal cycle. It occupies the area of 5 thousand ha. Since July 1960 the blast furnace…Details
In May ferrous metals transportation increased by 10.2% YoY, to 6.5 million tons. Since the start of the year the railroad transported 33 million tons of ferrous metals, up by 11%. Domestic transportation increased by 20%, and exports – by 5%. Exports to Turkey and Mexico grew 1.5-fold each, and to US – by 20%.…Details
In January-June Beloretsk Iron and Steel Works increased steel rope sales by 5% YoY, to 22 thousand tons. Calf lines for the drilling rigs in oil and gas industry, overhead ground wire as well as ropes for fishing industry and of the general use in lifting machines enjoyed the greatest demand from customers. Apart from…Details
Vadim Dubasov has been appointed the Severstal Russian Steel director of investments. His predecessor Sergey Sidorkov will continue working as the director of the center on investment projects. Dubasov started working with Evrazholding in 2001. In 2010 he went to work as the senior project manager at Evraz NTMK. From October 2012 till March 2018…Details
39 miners for more than a day refuse to return to the surface at the Novovolynskaya-10 mine in Volyn region, demanding their salary debts to be cleared. According to Vasiliy Pradid, the chairman of the Independent Miners Union of the mine, the miners ask the salary debts for April-June to be cleared. He did not…Details
In January-June Ferrexpo decreased pellets output by 1.2% YoY, to 5.096 million tons. According to the group statement, manufacture of pellets with 65% Fe content dropped by 2.5%, to 4.779 million tons, while that of pellets with 62% Fe content grew by 23%, to 317.1 thousand tons. The pellets manufacture of the group own ore…Details
The United States Department of Commerce has prolonged for a year the agreement with Interpipe, signed in July 2014, to suspend the antidumping investigation on pipes in exchange for price obligations on deliveries. The amendments to the contract will expire on July 10, 2019. Interpipe asked to prolong the agreement in November 2017. The department…Details
In June Ukraine’s coal mining enterprises of all forms of ownership extracted 2.55 million tons of coal, down by 5.8% from the planned targets, the Trade Union of Coal Mining Industry of Ukraine informed with reference to the Ministry of Energy and Coal Industry of Ukraine. “In June the coal mining enterprises of Ukraine of…Details