Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…Details
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The Federal Antimonopoly Service intends to have analyzed the competitiveness on the markets of gold and platinum by August. According to the service deputy director on industry control management Mariya Babikova, another analysis will be carried out on the silver and iron ore concentrate markets. She did not name the timeframe though. (Ukrainian metal)Details
The Kherson-based Smart Maritime Group produced 864 tons of spare parts of sheet steel for Ecolin. According to the company statement, the parts will be used to manufacture tanks for technical liquids. Their diameter will be 8 meters and height – 10 meters. In 2017 SMG carried out 36 million UAH worth of contracts, up…Details
The zinc production of Russia’s Chelyabinsk Zinc Works grew by 4.7%, to 183,002 tons in 2017, the company said in a statement on March 27. Output of zinc and zinc concentrate by the company’s Kazakh subsidiary Nova Zinc LLC fell to 36,530 tons in 2017 from 36,718 tons in 2016, while its production of lead…Details
In 2017 Pokrovskoye Mine Group received 2161.777 million UAH of profit as opposed to 584.66 million UAH of losses in 2016. According to the company statement, its assets as of the late 2017 totaled 8554.221 million UAH, up by 34.2% YoY. The consolidated accounts receivable grew 7.62-fold, to 1488.524 million UAH. At the same time…Details
In 2017 Makeevkoks received 698.63 million UAH of losses as opposed to 6.76 million UAH of profit in 2016. According to the company statement, its uncovered losses totaled 543.49 million UAH. Consolidated accounts receivable dropped by 0.2%, to 249.03 million UAH, fixed liabilities – by 0.8%, to 8.06 million UAH, while its current liabilities grew…Details
The Steel Industry Company says the prices for rolled metal in April will increase. The growth has to do with the change in the world prices, as well as the increase in metal consumption both on world and domestic markets, resulting in the shortage of steel and creating prerequisites for the price increase. Many Russian…Details
In 2017 MMK-Metiz increased net profits 3.4-fold, to 1.26 billion rubles, In Q4 2017 the company received 170.8 million rubles of profits, down from 393 million rubles in Q3 2017. In Q4 2017 MMK-Metiz sold 5.28 billion rubles worth of metal wares, down by 5% QoQ. Consolidated revenue in 2017 totaled 20.456 billion rubles, up…Details
The state enterprise Ukrpromvneshexpertisa forecasts that by mid-April the price of ferrous metals scrap will drop by 3.5%, to some 8.3 thousand UAH per ton, compared with late March. According to the company deputy director Yuri Dobrovolski, the drop will have to do with the downgrading trends on the world markets, as well as the…Details
In Q1 2019 ArcelorMittal Kriviy Rih intends to finish construction of a new department of the continuous steel casting No. 2. According to the company statement, the capacity of two new continuous casting machines (Nos. 2 and 3) will be 1.4 million tons of billets per year each. The total cost of the investment project…Details
In 2017 Ferrexpo invested over $100 million in its Ukrainian assets. “Poltava, Yeristovo and Belanovsky GOKs received 2.7 billion UAH from Ferrexpo last year”, the company reported. In particular, for deposits maintenance and development PGOK received 1698.3 million UAH ($62.9 million), while Yeristovo and Belanovsky GOKs were given 995.3 million UAH ($37.3 million) for development.…Details
The cost of gold, silver and platinum increased in Azerbaijan on March 27, while the cost of palladium decreased, according to the data published by the country’s Central Bank. The cost of gold increased by 71.7 manats, to 2301.562 manats per troy ounce compared to the price on March 19. The cost of silver increased…Details
A miner died last night during underground works in Shukruti mine in the village of Chiatura – a city in the western Georgian region of Imereti. The mining accident claimed the life of 45-year-old Zaza Abramishvili at around 3 am. Georgian American Alloys, the company responsible for the mine, said in a statement that part…Details