The OECD Council approved Kazakhstan’s application to join the Organization’s Steel Committee, the press service of the country’s Ministry of Investment and Development reports. “Following the presentation of the preliminary review of Kazakhstan’s steel industry policy, which took place on September 28-29, 2017, the secretariat of the Steel Committee decided to recommend the OECD Council…Details
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Last week the price of one ounce of gold decreased by 22.27 manats or by 0.99%. Accordingly, the average price of one ounce of gold stood at 2246.8688 manats. The price of one ounce of silver decreased by 0.2614 manats or by 0.9%, to 28.10186 manats. The price of one ounce of platinum decreased by…Details
In January and February Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 4.7% YoY and amounted to 13,562 kg. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the accounting period the production of raw silver and semi-processed silver, or in powder form, equaled 151,425…Details
Izhstal has commissioned a Kieserling line to turn the highest added value bar type. The line produces bright turned sticks with the diameter of 10-25 mm of all the steel grades, manufactured at the works, including stainless, tool and speed steel. The capacity of the line is 3.5 thousand tons per year. Izhstal has 2…Details
In January-February Khabarovsk region yielded 2216.2 kg of gold and 8.4 tons of silver, up by 3.8%, but down by 1.5% YoY respectively. At present only ore gold is extracted in the region. The alluvial gold season will start in May and last till late October. This year it is planned to obtain 23450 kg…Details
Last year VSMPO-Avisma increased titanium sales by 14% YoY. The company revenue dropped by 4.9%, to 72.435 billion rubles, with net profits down by 28%, to 19.138 billion rubles. The main factor of the decrease was the strengthening of the ruble, resulting in the drop in export revenue in rubles by 9%. EBITDA decreased by…Details
The United Metal Company has been named the best manufacturer of pipe products for the oil and gas industry in 2017. The company was awarded this title in 2012, 2013, 2015 and 2016 as well. The results of the rating are based on the survey of major Russian industry players. (Ukrainian metal)Details
In the first 13 days of March the average daily metal output increased by 2-4% MoM. As of March 13, 19 out of 21 blast furnaces, 12 out of 16 converters, 8 out of 9 open-hearth furnaces, 7 out of 15 electric arc furnaces and all the 14 continuous casting machines were in operation. In…Details
In February Ukrainian metal companies consumed 160 million cubic meters of natural gas, down by 20 million cubic meters MoM. Average daily consumption dropped by 0.1 million cubic meters, to 5.7 million cubic meters. In January-February Ukrainian metal companies consumed 340 million cubic meters of natural gas, down by 12% YoY. Average daily consumption totaled…Details
In February deliveries of scrap metal to Ukrainian metal works dropped by 20 thousand tons MoM, to 225 thousand tons, or 93% of the need. According to Ukrmetallurgprom, in January-February metal companies received 470 thousand tons of scrap, up by 3% YoY, or 97% of the need. In February scrap stocks at metal companies grew…Details
In January-February Ukraine produced 2977 thousand tons of rolled metal, of which local customers received only 334 thousand tons, or 11.3% of the total volume. “In January-February 2017 of 3188 thousand tons produced 2536 thousand tons (79.5%) were exported, while the rest (652 thousand tons, or 20.5%) were sold domestically”, reported Ukrmetallurgprom. This year Ukraine…Details
Magnitogorsk Iron and Steel Works (MMK) operated its coated steel facilities at maximum capacity utilization in 2017. As a result, MMK once again confirmed its status as the leading producer of this product in Russia. This was highlighted by Senior Manager of Coated Metal Sales Group at PJSC MMK Alexey Oleynik during his speech at…Details
Russian metals holding Metalloinvest has launched a 1.3-billion ruble concentrate intake facility with a capacity of 3.2 million tons at the Mikhailovsky GOK ore mining and dressing plant, the company said in a statement. The facility takes and unloads iron ore concentrate from the Lebedinsky GOK plant and passes it to production units of the…Details