Chelyabinsk Iron and Steel Works has started producing two new types of sections – wide-flanged beams. European metal structures works and construction enterprises will be consumers of the new product. The HEA220 and HEB220 beams are manufactured according to DIN EN 10025-2. The first batch will be shipped this month. This year the company intends…Details
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This weekend the new education project for employees’ children has started at ArcelorMittal – School of Young Engineers. The educational program includes chemical and physical experiments, master classes in wood and metal work, electrical and robotics, and 3D-printing. Participants of the School of Young Engineers will be 320 children at the age of 9 to…Details
Russian aluminum giant RUSAL has suspended shipments of aluminum using facilities of container shipping company TransContainer, the operator’s CEO Pyotr Baskakov declared on April 17. “RUSAL doesn’t know yet what is happening so has suspended all shipments. We have delivered about 700 containers of the planned 3,000 per month. Export deliveries have stopped. This does…Details
Gold output of precious metals producer Polymetal International increased by 8% YoY, to 214,000 ounces, while silver production decreased by 3%, to 6 million ounces in January-March, the company said in a statement on April 18. Total output in gold equivalent grew by 5%, to 295,000 ounces in the period. Revenue went up by 19%,…Details
The prices of the main precious metals varied on April 18, according to the data published by the Central Bank. The cost of gold decreased by 1.7765 manats, to 2284.086 manats per troy ounce compared to the price on April 17. The cost of silver increased by 0.1269 manats, to 28.4471 manats per ounce. The…Details
In February, according to the customs statistics, Russia exported 1.16 million tons of semi-finished non-alloyed steel products, down by 2% MoM and by 7.8% YoY. In January the results were down by 13.8%, but up by 2.4% respectively. In January-February exports reached 2.34 million tons, down by 2.9% YoY. Taiwan imported the most – 20%,…Details
Vorkutaugol, one of the largest coalmining companies in Russia, has purchased the Ostroj mechanized anchoring for its Zapolyarnaya mine. The cost of the investment project is over 500 million rubles. The enterprise will receive 110 sections of the Czech anchoring. The first two batches were delivered to Vorkuta in April. The commissioning of the anchoring…Details
In January-March Poluys increased gold output by 13% YoY, to 507 thousand ounces. At the same time the output dropped from 580 thousand ounces in October-December 2017 due to the decrease in alluvial manufacture. Ore output reached 8.821 million tons, down by 12% QoQ, but up by 2% YoY. Sales revenue totaled $608 million, down…Details
In January-March Russia produced 15.4 million tons of rolled metal, up by 2% YoY. In March output grew by 12.5% MoM, but dropped by 0.3% YoY. According to the Federal Service of State Statistics, pig iron manufacture totaled 13 million tons, up by 0.2% YoY. In March output decreased by 2.2% YoY, but grew by…Details
The high level of world prices allowed Severstal to demonstrate flexibility of distribution channels and increase exports in Q1. “We expect the increase of steel demand in 2018. In 2017 the demand grew by some 5% in Russia, and this year it could grow by 2.6% more, following the GDP increase and the restoration of…Details
In February Russia exported 380.4 thousand tons of ferrous scrap, up by 11% MoM and by 89% YoY. In January the results were down by 45.6%, but up by 38.7% respectively. According to the customs statistics, in January-February Russia exported 723.3 thousand tons of scrap, up by 61.2% YoY, and the highest result in the…Details
Late on April 16 there was an explosion of an air-methane mixture at the Pokrovskaya mine in Donetsk region. The explosion occurred at the depth of 470 meters on the second south long face. 7 miners were injured. They have been taken to the hospitals in the cities of Kramatorsk and Mirnograd. (Ukrainian metal)Details
Major Japanese trading houses have asked UC RUSAL to stop shipping refined aluminum and other products in light of U.S. sanctions on the world’s No. 2 producer and are scrambling to secure metal elsewhere, Reuters reported on April 17 citing industry sources. The U.S. imposed major sanctions on April 6 against seven Russian oligarchs and…Details