The prices of main precious metals increased in Azerbaijan on May 23, according to the data published by the Central Bank. The cost of gold increased by 5.5165 manats, to 2197.08 manats per ounce compared to the price on May 22. The cost of silver increased by 0.1632 manats, to 28.1479 manats per ounce. The…Details
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Ukrzaliznytsia has imposed temporary limitations on the foreign transportation to ArcelorMittal Kriviy Rih. The prohibition will be in effect until it is cancelled, and covers transportation of all cargo from railroads of CIS and Baltic States. Earlier AMKR experienced a railroad shop strike. Ukrzaliznytsia agreed with metal companies to coordinate actions on cargo transportation. (Ukrainian…Details
The Commercial Court of Donetsk region is reviewing the claim of Prominvestbank to Yasinovsky By-Product Coke Plant on the recovery of $41.6 million and 353.4 million UAH of the debt on the loan according to a contract concluded in 2011. The bank bases its claims on a non-fulfillment of its debt obligations by the Savi…Details
Primorsky Mining and Processing Works will prepare a new project to develop tungsten ore deposit Skrytoye in Primorye region. This the company is forced to do as the budget has found no funds to reconstruct a road, without which the previous project cannot be carried out. According to the company deputy CEO on foreign economic…Details
In 2018 StroyResourceGroup, which extracts gold in Primorye region, intends to obtain 10 kg of gold, up 10-fold YoY. In 2016 gold output was exactly 1 kg. The season for the company will start in June. At present the site is being prepared. StroyResourceGroup owns a license to the Nesterovsky site valid through May 23,…Details
The Pipe Metallurgical Company will continue supplying steel billets to the USA despite the $25 import duty. According to the company deputy CEO on strategy and corporate development Vladimir Shmatovich, TMK is trying to make the US authorities exclude its products from the list of duties. “Still, the price growth on the US market and…Details
NLMK Group, a global steel company with operations in Russia, the USA, and the EU, has launched a project to upgrade its continuous casting line (CCM-9) at its flagship Lipetsk production site. The upgrade will enable an 80% boost in the capacity of the line (to 1.8 million tons per year), and the production of…Details
On May 20, after a four-day protest, the railwaymen from the third shift came back to work, on the night of May 20 to May 21 the first shift followed, and starting from May 21 morning there was the second shift back in operation (four shifts in total). Railway Transport shop of PJSC ArcelorMittal Kriviy…Details
Metal and mining output in January-April in Donetsk region grew. In particular, the region produced 6.94 million tons of pig iron (up by 10% taking into account operation of assets on Ukraine-uncontrolled lands and by 19% without them), 6.99 million tons of steel (down by 0.3%, but up by 6%), 6.12 million tons of rolled…Details
In January-March Vysochaishiy produced 55 thousand ounces of gold, up 2-fold YoY. This increase has become possible thanks to the start of operation at the Drazhnoye and Ugakhan deposits in 2017. Ore output grew by 75%, to 1686 thousand tons, and processing – also by 75%, to 1748 thousand tons. Average gold price in Q1…Details
In January-March Russia exported 218.7 thousand tons of primary copper valued at $1496 million, up by 15.2% and by 40.6% YoY respectively. In March the average price of primary copper was $6739 per ton FOB Russian border, up by 19% YoY. Copper wire rod (wire) price was $6769 per ton, up by 23.4%. (Ukrainian metal)Details
Since May 4, Kosaya Gora Iron and Steel Works has switched its blast furnace No. 3, which produces pig iron, to the manufacture of Fmn78 ferromanganese. The decision was made taking into account the market situation and the offer of Metalloinvest to switch to a new price forming process on pellets, resulting in the considerable…Details