Metinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…Details
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In December 2017 Kazakhstan produced 0.424 million tons of steel, up by 13.9% YoY and by 2.2% MoM. In 2017 steel manufacture totaled 4.663 million tons, up by 9.4% YoY. Ferroalloys output increased by 6.6% YoY in 2017, to 1.948 million tons. In December 2017 output grew by 5.2% MoM and by 6.1% YoY, to…Details
Brazil Steel Institute (IABr) has called unacceptable the technical report of the Ministry of Finances on antidumping measures to steel imports from Russia and China. According to the ministry the final antidumping measures will negatively affect local customers, which would face short-term difficulties when making their delivery chains. Moreover the antidumping duties will result in…Details
Magnitogorsk Iron and Steel Works (MMK) has signed an investment contract with Italian company Danieli & Officine Meccaniche S.p.A. to modernize MMK’s rolled section workshop’s double-strand mill No. 170. The value of the contract for the supply of technical documentation, equipment, installation supervision services, and operational training amounts to EUR 5.5 million. The project is…Details
Gazprom is negotiating a 20% discount with pipe producers. A source said that the decision had been already made and all pipe producers agreed on the discount. Two sources said that the issue was discussed between Gazprom and pipe producers’ executives on January 16 but no final decision had been made. One more source said…Details
The Toshkovskaya Mine of the state enterprise Pervomayskugol has put a new long face into operation. Its length is 200 meters, and the reserves are estimated at 150 thousand tons of coal. With the output of 100 tons per day, the miners have enough work for some 4 years. It should be noted that prior…Details
In 2017 Polyus increased gold output by 10% YoY, to 2.16 million ounces (67.2 tons) mostly because of the increase of production at Olimpiada and Verninskoye deposits. The company forecast the output on the level of 2.075-2.125 million ounces of gold. Sales grew by 13%, to 2.158 million ounces, including 170 thousand ounces of gold…Details
In 2018 ArcelorMittal Temirtau intends to increase steel output by 8.8% YoY, to 4.35 million tons per year. According to the company statement, metal sales are expected to grow to 4 million tons. “We also plan to produce 3.94 million tons of pig iron. We have to prove that we can reach this target, as…Details
The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma). The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants…Details
In 2017 Chukotka Autonomous District mined 445.3 thousand tons of coal, up by 93% YoY. The considerable increase was reached thanks to the commissioning of the Fandyushkinskoye pole deposits in December 2016. The license is owned by Beringpromugol LLC. Last year the company mined 255.88 thousand tons of coal there. (Ukrainian metal)Details
TMK Chermet has successfully passed the qualification audit as an independent supplier of scrap and ferrous metals wastes to the enterprises of the Pipe Metallurgical Company. The audit has been carried out by the Russian research institute of pipe industry. Following the check the company has been entered into the list of TMK approved suppliers.…Details
Izhstal specialists have capitally repaired the bar-wire mill 250. The repair was carried according to the schedule. This mill is important for the company, as it produces around 45% of the total output. In 2017 the 250 mill produced 222 thousand tons of rolled metal of structure, stainless, bearing, tool and speed steels, up by…Details
Russian gold producer Mangazeya Zoloto plans to raise production by 95%, to 1.5 tons in 2018, CEO and owner Sergei Yanchukov declared. The company will nearly triple geological exploration spending to 350 million rubles this year to increase the Baikal region reserves of the group to over 100 tons, he said. Production of the Savkino…Details