In January Ukraine increased currency revenue from the exports of ferrous metals by 33.5% MoM, to $873 million. In 2017 ferrous metals exports revenue totaled $8.7 billion, up by 19.6% YoY. Semi-finished products yielded the most revenue – $2.5 billion, up by 14.9% YoY. Last year Ukraine exported the most ferrous metals to the European…Details
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From April the arc furnace shop No. 2 of Zlatoust Electrometallurgical Works intends to increase smelting volumes by a third – with the help of one more arc furnace with the volume of 12 tons and the project capacity of 27 thousand tons of steel per year. Previously the company used only 2 furnaces, with…Details
Oskol Electrometallurgical Works has mastered the manufacture of rolls of the run-out table for the continuous casting machine No. 6. The rolls manufactured by OEMK repair-mechanical shops surpass their foreign analogues. The OEMK rolls are made of three parts, while the imported rolls are solid, and thus less maintainable. The new rolls have already passed…Details
According to the Lipetsk region customs office, in January-February exports increased by 19.5% YoY, to $781.3 million. Foreign trade turnover exceeded $893 million. In the export structure NLMK ferrous metals account for 94.9%. Far foreign countries account for 94.1% of the total foreign trade turnover ($840.7 million). The main trade partners of the Lipetsk region…Details
In 2017 Donetskstal increased losses 3.6-fold YoY, to 8.185 billion UAH. According to the company statement, its assets as of late 2017 totaled 16.5 billion UAH. The company current liabilities amounted to 34.878 billion UAH, and its consolidated accounts receivable – 7.701 billion UAH. (Ukrainian metal)Details
The committee of the primary workers union at ArcelorMittal Kriviy Rih has again claimed the increase of salary to the equivalent of 1 thousand euro from April 1 at the employee conference. “Increase the average monthly salary to AMKR employees from April 1 to the level of 1 thousand euro in UAH equivalent according to…Details
The state enterprise Mirnogradugol has concluded an agreement with Leader Promsnab LLC on the delivery of 709 electric brushes valued at 199.94 thousand UAH. The cost of one electric brush with the size of 12.5x32x40 mm is 282 UAH with VAT. The goods have to be delivered within 3 days of the receipt of order.…Details
Energomashspetsstal has hosted a conference with the employees. The company director of economic issues Lyudmila Ulyaschenko and the union chairman Victor Serbin made the reports. In her report Lyudmila Ulyaschenko touched upon the main economic results of the previous year, calling them successful. “In particular, the average salary level last year increased by 20%. In…Details
The gold-extracting company Petropavlovsk has concluded an agreement with Gazprombank for the delivery of 96 thousand ounces of gold. The deliveries will be prepaid. “This forward contract with Gazprombank provides us with much flexibility in working capital management”, Petropavlovsk finances director Andrei Maruta noted. As of late 2017 Petropavlovsk had forward contracts for the delivery…Details
Beloretsk Iron and Steel Works is testing new excavator ropes with polymer coating. This is a new investment project to produce multistrand ropes, including with polymer coating. In December BMK will put into operation new machinery – a rope machine and an extrusion line. Thus, the company will be able to produce ropes with 6-12…Details
In January Russia increased aluminum billets exports by 50.8% YoY, to 301.6 thousand tons. According to the customs statistics, the revenue grew by 98.6%, to $602 million. This is the record for the past several years. The average price of aluminum in January was $2000 per ton FOB Russian border, up by 3.6% MoM and…Details
The cost of gold, silver, palladium and platinum decreased in Azerbaijan on March 28, according to the data published by the Central Bank. The cost of gold decreased by 17.68 manats, to 2283.882 manats per troy ounce compared to the price on March 27. The cost of silver decreased by 0.34 manats, to 28.1112 manats…Details
Belarusian specialists are examining a promising gold-bearing site in Sudan, Vasily Kolb, Deputy Head of the Central Office for Natural Resources, Head of the Geology Office of the Belarusian Natural Resources and Environmental Protection Ministry, declared on March 28. The agreement to allow Belarusian specialists to search for and extract gold in Sudan was reached…Details