Torex, owner of Amurstal, and Posco Daewoo Corporation have signed a memorandum on deliveries. By the end of the year Amurstal will have additionally exported 300 thousand tons of steel billets to South Korea. South-Eastern Asia countries account for 60% of the company sales, with 40% supplied to the domestic market. The company employs 3…Details
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In January-May Russia mined 176.17 million tons of coal, up by 5.5% YoY. SUEK companies contributed 47.25 million tons, up by 1.8%. Kuzbassrazrezugol mined 17.78 million tons, down by 5.5%. It is followed by SDS-Ugol with 10.82 million tons, up by 6.2%. Vostsibugol extracted 6.13 million tons, up by 11.7%. In 5 months Russia exported…Details
Ferrexpo believes the Belanovsky Mining and Processing Works will reach its full capacity (20-30 million tons per year) not earlier than in 2023. According to the company investors and communications manager Ingrid McMahon, the GOK has already started mining ore. At the same time, full capacity might be reached much later, as everything depends on…Details
The European Commission has stopped the antidumping investigation of the imports of ferrosilicon with Ukrainian origin. Following the investigation, Ukrainian products will not be affected by antidumping duties on the EU market. In 2017 Ukraine exported $54.7 million worth of ferrosilicon to EU, up by $17.8 million YoY. (Ukrainian metal)Details
Ferrexpo is minimizing pellets sales on the markets of the Eastern Europe, at the same time increasing deliveries to constant buyers of premium products in Germany and Austria, South Korea and Japan. “We are not leaving the markets of the Eastern Europe, but we are gradually decreasing exports there, re-orienting on our main customers, in…Details
Russia marked Environment Day on June 5 – an important date for Magnitogorsk Iron and Steel Works (MMK), as the company annually invests billions of rubles in environmental activities. Employees of MMK’s environmental laboratory, created three decades ago, celebrated their professional holiday. Ongoing reduction of the plant’s environmental impact and adoption of the best available…Details
NLMK Group, a global steel company, has won the “Ecological culture. Peace and Harmony” international competition, held by the Vernadsky Non-governmental Ecological Foundation. NLMK Group’s “Steel Tree” volunteer program came first in the “Social initiatives aimed at promoting an ecological culture” category. The competition was established in 2012. It promotes successful corporate and private initiatives…Details
Major reconstruction of production facilities in 2018-2022 makes it possible for PJSC ArcelorMittal Kriviy Rih to significantly reduce environmental footprint. During last 12 years, from 2006 to 2017, 5.6 billion UAH was invested in environment, which makes 12% of total investments in this period. In May a complex of new coke oven batteries Nos. 5…Details
The prices of main precious metals increased in Azerbaijan on June 6, according to the data published by the Central Bank. The cost of gold increased by 8.8145 manats, to 2,204.6705 manats per ounce compared to the price on June 5. The cost of silver increased by 0.1829 manats, to 28.0822 manats per ounce. The…Details
China National Gold Group and SUN Gold Ltd (India) intend to attract some $500 million of investments in 2 years to develop gold extracting at the Klyuchevskoye deposits in Zabaikalye region. The expected volume of output is 12 million tons of ore per year with the production of 6.5 tons of gold. If the regional…Details
ArcelorMittal Kriviy Rih has mastered the manufacture of a special angle for the market of the United Arab Emirates. “This exclusive angle with the dimensions of 38x38x5 mm was produced on the MS250-2 mill of the bar-rolling shop No. 1. Our specialists have created all the necessary equipment for the manufacture of the angle”, the…Details
Following the results of the “Best exporter of 2017” competition, held by the Belarus Chamber of Industry and Commerce, Belarus Iron and Steel Works has been named the leader in the Metallurgy nomination. This is the fourth BMZ victory in a row: the company was awarded the “Best exporter” title in 2014, 2015 and 2016.…Details
In January-April Armenian metal industry showed decrease of 14.4% against the growth of 9.4% in January-April 2017. According to the National Statistics Service, ferromolybdenum output dropped by 34.5% YoY, to 2439 tons. In April Armenia produced 545 tons of ferromolybdenum, down by 45.3% MoM. Molybdenum concentrate manufacture grew by 1% YoY, to 3964 tons, with…Details