Since the start of the year UralKuz has shipped 100 thousand tons of metal products, up almost 2-fold YoY. Railroad car and locomotive axles account for the major part of sales. “The increase in sales has to do with the high demand for our products on the market, mostly from the railroad companies. We have…Details
The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…Details
Novocherkassk Electrode Works has commissioned a new pitch impregnation line. According to the company managing director Yevgeniy Churikov, this will allow decreasing the capacity of grafitized electrode manufacture 2-fold. The modern autoclaves’ pressure on pitch is 40% higher than in the existing machinery, which makes the structure of the electrodes more solid. The cost of…Details
In August direct deliveries of ferrous metals to railroad machine-building enterprises totaled 126.4 thousand tons.
According to the railroad statistics, this was up by 23.6% YoY.
In January-August deliveries grew by 25.2% YoY, to 1.2 million tons. (Ukrainian metal)
In August direct deliveries of rolled metal to companies manufacturing ferroconcrete structures and to integrated house-building factories totaled 13.5 thousand tons.
According to the railroad statistics, this is down by 29.7% YoY.
In 8 months railroad deliveries decreased by 33.4% YoY, to 119.4 thousand tons. (Ukrainian metal)
In August direct railroad deliveries of metal to major service metal centers specializing in metal wares manufacture (light metal structures, metal roofing, profiled sheeting, etc.) totaled 186.3 thousand tons.
According to the railroad statistics, this is down by 11.8% YoY.
In January-August deliveries reached 1.55 million tons, up by 3.1% YoY. (Ukrainian metal)
Kopy Goldfields AB has started operating at two prospecting project in Irkutsk and Amur regions. In June the company started prospecting at an alluvial deposit in Amur region. The work is expected to be complete in 2020-2021. So far prospecting for gold at the site has not been carried out. Under the second project Kopy…Details
Uralelectromed has taken a number of measures to prepare shops for the winter period. In particular, technical maintenance of the power shop machinery has been carried out: eight pumps, six boilers, two de-aerators, four filters and boiler machines. The company has also carried out a major work to thermomodernize premises, cabins of excavators, locomotives and…Details
In January-June ChTPZ enterprises saved 70 million rubles under the program to improve energy efficiency. The largest project to decrease energy resources consumption was the creation of the new substation. Investments totaled 220 million rubles. The economical effect will reach some 50 million rubles per year. 5 main shops have been switched to modern LED…Details
The prices of precious metals varied in Azerbaijan on September 7, according to the data published by the Central Bank. The price of gold increased by 7.14 manats, to 2,042.7795 manats per ounce on September 7 compared to the price on September 6. The price of silver decreased by 0.0513 manats, to 24.0419 manats per…Details
In January-August Ukraine imported 14.164 million tons of coal, up by 26.3% YoY, valued at $1.976 billion, up by 17.3%. According to the State Fiscal Service, Russia supplied $1.238 billion worth of coal (62.67%), USA – $600.05 million (30.36%), Canada – $86.93 million (4.4%) and other countries – $50.84 million (2.57%). In 8 months Ukraine…Details
In January-July the Republic of Sakha (Yakutia) extracted 12483.9 kg of gold and 57460 kg of silver.
Gold output increased by 12.5% YoY.
This year Yakutia intends to extract 24.5 tons of gold. (Ukrainian metal)
The products of Severstal-Metiz have been used to reinforce the Nicolsky Bridge in the town of Kineshma. Severstal-Metiz has supplied over 10 tons of Hendix prime 60/32 fiber, as well as rebar strands with the diameter of 15.7 and 18 mm, and gabions. “The order for such a complex project, as the capital repair of…Details
Raspadskaya has commissioned a new 4-10-31 long face with the reserves of 3.5 million tons of coal. The length of the long face is over 3.5 km. Average monthly output is expected at 180 thousand tons at first, and 250-300 thousand tons in a few months. The long face will be developed for 18 months.…Details
Metalloinvest and the United Metal Company have held another meeting of the coordination council at Ural Steel. The participants discussed the manufacture and delivery of Ural Steel continuous cast billet for the production of railroad wheels at Vyksa Iron and Steel Works. At the meeting the quality of the billet and wheels was discussed. Though…Details
By 2025 coal enterprises have to reach the annual output of 560 million tons, up from the forecast volume of 460 million tons. According to the minister of energy Alexander Novak, this goal could be reached with some 1 trillion rubles of private investments. The Ministry of Energy believes that due to this Russia will…Details
Volgograd Aluminum Works is completing the construction of a unit to produce baked anodes. The commissioning of the plant is scheduled for mid-autumn. The capacity of the anode factory will be 104 thousand tons per year. “The company used to purchase up to 70% of the backed anodes in China, but now they will be…Details
The Russian government is ready to support aluminum producer RUSAL, which is under U.S. sanctions, by purchasing aluminum or providing loans, Deputy Finance Minister Vladimir Kolychev said. New sanctions against Russia were introduced by the U.S. in April. RUSAL was among the blacklisted companies, which means arrest of assets in the U.S. and prohibition to…Details
Chief Executive Officer of ArcelorMittal plants in Ukraine and Kazakhstan Paramjit Kahlon met for the first time the representatives of global trade union federation (IndustriALL Global Union) in Kyiv. The meeting was held with participation of main trade unions of Kazakh and Ukrainian plants of the group. IndustriALL Global Union / FES unites the trade…Details
The prices of precious metals increased in Azerbaijan on September 6, according to the data published by the Central Bank. The price of gold grew by 6.613 manats, to 2,035.6395 manats per ounce on September 6, compared to the price on September 5. The price of silver went up by 0.0408 manats, to 24.0932 manats…Details
In August Ukrainian coal production reached 2.904 million tons, the Trade Union of Coal Mining Industry of Ukraine informed on September 5 with reference to the Energy and Coal Industry Ministry. “In August coalmining enterprises of Ukraine of all forms of ownership extracted 2,904,151 tons of coal. The plan was fulfilled by 103%,” reads the…Details
Out of 27 operating mines in Armenia at 10 violations have been spotted.
The main violations concerned tax obligations.
To remove violations the mines are given 90 days.
If violations are not removed, the mines licenses will be cancelled. (Ukrainian metal)
The state enterprise Volynugol and its structural divisions owe considerable amounts to the Pension Fund. As of August 1 the combined debt of Volynugol and its divisions reached 116.7 million UAH, including the debt on preferential pensions of 113.24 million UAH. The Novovolynsky city council has sent a letter to the minister of energy and…Details