Prices of precious metals increased in Azerbaijan on September 21, according to the data published by the Central Bank. The price of gold grew by 6.4515 manats, to 2,056.014 manats per ounce on September 21 compared to the price on September 20. The price of silver went up by 0.0974 manats, to 24.454 manats per…Details
The U.S. Treasury’s decision that Russian aluminum giant UC RUSAL can enter new transactions with existing customers in 2019 is likely to stabilize aluminum prices as it removes some uncertainty over the company’s metal deliveries, international rating agency Fitch said in a statement. “The sanctions against RUSAL are among the main short-term drivers for global…Details
The foil-rolling plant Rusal Armenal has started decreasing output capacities and transferring employees to part-time work. The reason is the drop of demand for Armenal products because of the US sanctions against Rusal. Armenal has 670 employees, by the end of September 184 of them will have been receiving only two third of salary due…Details
Miners plan to hold a strike demanding from the authorities, among other things, the dismissal and criminal prosecution of the minister of energy and coal industry Igor Nasalik. “The miners are prepared to march to Kiev in a week. They are making addresses to members of the parliament and the prime minister”, a parliament member…Details
This year Khabarovsk region intends to set a new historical record on gold extraction – 23950 kg. The initial annual plan was 23450 kg. But now the Ministry of the natural resources believes that actually 500 kg more will be extracted. In particular, gold ore mining companies are expected to increase output by 400 kg.…Details
Severstal – Bar Works Balakovo has mastered a new product – steel of the grade 20 to produce wire rod with the diameter of 6.5 mm. The produced rolled metal fully corresponds to the requirements of GOST 10702. This rolled metal is used by Severstal-Metiz to produce wire according to STO 71915939-TS151. “The manufacture of…Details
Karelsky Okatysh has finished modernization of the preparation and pelletizing of concentrate site – all the 18 screening machines have been replaced. The roll screens classify concentrate by three sizes: tiny pellets at the initial stage are returned to the pelletizers, large pieces go back via conveyers, while normal-sized pellets are transported to the roasting…Details
In August Ukraine imported $2.849 million worth of ferrous scrap, up by 53.2% YoY.
According to the State Fiscal Service, exports dropped by 66.1%, to $5.826 million.
Ukraine mostly exported scrap to Turkey ($5.504 million).
In January-August scrap exports grew by 69.9%, to $98.244 million, while imports by 57.1%, to $24.858 million. (Ukrainian metal)
Interpipe is conducting negotiations with its creditors on restructuring its $1.25 billion debts. “The negotiations are underway. We have officially stated our suggestions on restructuring. Our creditors are thinking. They are gathering together and discussing our offers”, the company CFO Denis Morozov said on the sidelines of InnoTrans-2018 in Germany. He noted that there were…Details
In January-July Russia imported 26.8 thousand tons of corrosion-resistant steel pipes valued at $101 million, up 2.7-fold and 1.5-fold YoY respectively. According to the customs statistics, this is the highest result in the past years. The main supplier is Kazakhstan (57%), followed by China (22%) and Ukraine (6%). The main share in the imports falls…Details
In July, according to the customs statistics, Russia exported 10.5 thousand tons of corrosion-resistant steel scrap valued at $12 million, up by 20.4% and 1.5-fold YoY respectively.
In January-July exports grew by 41.8%, to 65 thousand tons valued at $71 million, up by 60%.
75% of the volume accounted for 8% nickel-containing scrap. (Ukrainian metal)
In January-July Russia imported 1.31 million tons of Ukrainian rolled metal and pipes, up by 37.4% YoY. According to the customs statistics, bars and sections account for 54%, in particular, construction rebars and wire rod for 51%, up by 71.8% and 4.3-fold respectively. Deliveries of flat rolled metal grew by 2.5%, to 34%. The share…Details
In August Ukraine exported $256.639 million worth of iron ore, up by 29% YoY. Imports grew by 8.3%, to $0.013 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore was China ($58.285 million). In January-August Ukraine exported $1879.874 million worth of iron ore, up by 7.8% YoY, while imports fell…Details
Magnitogorsk Iron and Steel Works (MMK) Group has developed its first program-controlled robot capable of executing the functions of an employee working on a computer. The robot was created by MMK Infoservice’s (a part of MMK Group) Center for RPA and Innovation based on innovative RPA (Robotic Process Automation) technology. The robot, which has already…Details
NLMK Group announces that Novex Trading S.A. has been renamed NLMK Trading.
The name and corporate identity of the trading company that supplies NLMK products to the global market were aligned with NLMK Group’s brand.
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. (NLMK/Ukrainian metal)
The First Vice Prime Minister of Kyrgyzstan Kubatbek Boronov met with the President of Kumtor Gold Company, Daniel Desjardins, the Information Support Department of the Government of Kyrgyzstan reported. The parties discussed issues of the planned and production performance of Kumtor mine until the end of 2018. The First Vice Prime Minister noted that in…Details
In January-August Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 11.6% YoY, to 62,251 kg, the Statistics Committee of the Kazakh Ministry of National Economy reported. In the accounting period, the production of raw silver and semi-processed silver, or in powder form, reached 638,640 kg, down by 11%. (Kazinform/Ukrainian…Details
The Tsentralnaya gold mine in Chelyabinsk Region operated by gold producer UGC, also known as Uzhuralzoloto, collapsed on September 19, killing one person, a spokesperson for the Emergency Ministry’s local branch reported.
The mine collapsed at the depth of 820 meters, when two people were working there.
Reasons are currently being investigated. (Prime/Ukrainian metal)
East Mining Company and the Coal Seaport Shakhtersk are carrying out a joint investment project to increase coal output and export to 20 million tons per year. Since the start of the year Solntsevsky Coal Mine has extracted 5 million tons of coal in Sakhalin region. This year annual goal is 8 million tons, while…Details
Ural Boeing Manufacturing, a joint venture of VSMPO-Avisma and Boeing, has commissioned a plant to produce titanium parts for American planes on the territory of the special economical zone Titanium Valley in Sverdlovsk region. The new plant carries out machining of titanium stampings for Boeing planes, including new models (737 MAX, 777 and 787). The…Details
Yekaterinburg Non-Ferrous Metals Processing Works is expanding the range of its exports. This time the company shipped its product to Thailand, which became another step of the strategic project to develop South-Eastern Asia markets. In Thailand EZOTsM has started cooperating with a large company supplying gold, silver and platinum group metals to the local market.…Details
Abinsk Electrometallurgical Works will put into operation new machinery with the design capacity of 50 thousand tons per year at the metal wares shop No. 1. The shop will produce wire with the diameter of 0.8 to 8 mm, welding wire (2-6 mm), rolled metal of 5-8 mm diameter and wire of 2-5 mm diameter…Details
Russian metal wares manufacturers are currently operating with much underloaded capacities. MMK-Metiz has also been affected. The weak points of Russian companies are narrow product range in terms of sizes and the outdate machinery. The MMK-Metiz modernization program for 2017-2020 is intended to solve these problems. In particular, the company plans to create a highly…Details