Chelyabinsk Iron and Steel Works is celebrating its 75-anniversary since the manufacture of the first steel. The first steel was produced in 1943 during the World War II. Since then the company has mastered the manufacture of some 2 thousand steel and alloy grades, as well as over 4 thousand types and sizes of rolled…
DetailsA new turbine unit with a maximum capacity of 50 MW will be installed at MMK’s Central Power Plant (CPP), which will significantly increase the plant’s efficiency and increase the level of reliability and manufacturability of the plant’s entire power system. Steam turbine T-42/50 will be supplied in April-May by the Ural Turbine Works. The…
DetailsThe prices of the main precious metals decreased in Azerbaijan on April 20, according to the data published by the country’s Central Bank. The cost of gold decreased by 15.9375 manats, to 2282.0545 manats per troy ounce compared to the price on April 19. The cost of silver decreased by 0.0597 manats, to 29.2292 manats…
DetailsNovelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…
DetailsRussia is demanding compensation from the United States for its decision to impose worldwide tariffs on steel and aluminum, a Russian statement published by the World Trade Organization shows. The United States maintain that the tariffs are based on national security concerns and fall outside the remit of the WTO rules, but Russia, China, India…
DetailsRussia’s aluminum deliveries to Japan have been halted over US sanctions, Rusal Japan Director Kunihiko Higashi reported on April 19. “Further aluminum deliveries have been cancelled,” he said. “Our buyers have said they cannot make payments to Rusal, which is related to the recent US sanctions. Such notices were coming to us one after another.…
DetailsIn January-March Kapan Mining and Processing Works processed 154 thousand tons of ore, up by 34% YoY. Mining totaled 157 thousand tons, up by 36%. Gold contents in ore processed totaled 1.8 g, down by 13% YoY, silver contents – 33 g, down by 24%, copper – 0.3%, up by 11%, and zinc – 1.31%,…
DetailsUzbekistan Iron and Steel Works has developed a draft law on altering the article No. 219 of the Administrative responsibility Code. The company suggests imposing responsibility for violation of ferrous metals scrap procurement and trade. Since September 2017 the works has been appointed the only authorized company to procure (buy) ferrous metals scrap in Uzbekistan.…
DetailsIn January-February Russia exported 639.4 thousand tons of raw aluminum valued at $1261 million, up by 49.2% and by 91% YoY respectively. In February the average price was $1952 per ton, up by 25% YoY. (Ukrainian metal)
DetailsIn January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively. In February the average price was $6932 per ton of primary copper, up by 22.81% YoY. The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)
DetailsThe most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…
DetailsShareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…
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