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In January-March Kapan Mining and Processing Works processed 154 thousand tons of ore, up by 34% YoY. Mining totaled 157 thousand tons, up by 36%. Gold contents in ore processed totaled 1.8 g, down by 13% YoY, silver contents – 33 g, down by 24%, copper – 0.3%, up by 11%, and zinc – 1.31%,…
DetailsUzbekistan Iron and Steel Works has developed a draft law on altering the article No. 219 of the Administrative responsibility Code. The company suggests imposing responsibility for violation of ferrous metals scrap procurement and trade. Since September 2017 the works has been appointed the only authorized company to procure (buy) ferrous metals scrap in Uzbekistan.…
DetailsIn January-February Russia exported 639.4 thousand tons of raw aluminum valued at $1261 million, up by 49.2% and by 91% YoY respectively. In February the average price was $1952 per ton, up by 25% YoY. (Ukrainian metal)
DetailsIn January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively. In February the average price was $6932 per ton of primary copper, up by 22.81% YoY. The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)
DetailsThe most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…
DetailsShareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…
DetailsIn January-February exports grew by 17.9% YoY, or by $1.1 billion, to $7.4 billion. According to the Ministry of economical development and trade, the main importers of Ukrainian goods were the EU countries, Singapore, Belarus, Turkey, Moldova and Iraq. “The goods that saw the biggest increase in sales were steel semi-finished products (up by $98.3…
DetailsThe press secretary of the president Dmitry Peskov has said that so far there are no ready-made scenarios to help Rusal, but a temporarily nationalization of the company could be one of the forms of state support. “There are various views on how to help the companies affected by US sanctions. This is just one…
DetailsNLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018. Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the company had implemented or…
DetailsThe state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of 332 tons of inert dust valued at 1.16 million UAH. The cost of 1 ton of inert dust is 3510 UAH with VAT. At present Donenergoexport LLC is the main supplier of inert dust to the state enterprises of Ukraine. Last year the company…
DetailsThe state enterprise Ukrzaliznytsia has ordered Interpipe Ukraine LLC the delivery of tyres for the rolling stock valued at 80.97 million UAH. This year Interpipe will have to supply 4322 tons of tyres manufactured by Interpipe Nizhnedneprovsk Pipe Rolling Works not early than October 1, 2017. The price of the contract is 1% lower than…
DetailsInterpipe and Vallourec intend to create a joint venture to produce steel pipes for the European market. The cooperation will not cover pipes for oil and gas extraction. The JV will only produce linear pipes, general usage pipes as well as machine-building products. “Pipes will be finished at the line built at Interpipe Niko Tube…
DetailsIn January-March Kuzbassrazrezugol mined 11.1 million tons of coal (including almost 1.6 million tons of coking coal), up by 2.5% YoY. Sales grew by 1.8%, to 10.3 million tons. Exports accounted for 70% of sales: 7.3 million tons were exported, and 3 million tons supplied to domestic customers. The company factories processed over 10 million…
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