A new plant to produce copper wire rod opened in the city of Togliatti. In particular, a cold start was made to the fire refining furnace. The plant is expected to produce 24 thousand tons of copper wire rod per year and will employ 170 people. The owner of the plant – Akron Holding –…Details
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In December 2017, 7.2 million tons of ferrous metals were transported via railroad, up by 14.3% YoY. And in 2017 railroads transported 73 million tons of ferrous metals, up by 2.8% YoY. According to Rosstat, in 2017 rolled metal output grew by 0.7%, pig iron – by 0.5%, pipes – by 4.8% and ferrous metals…Details
Chelyabinsk Iron and Steel Works has confirmed correspondence of 60E1 and 60E2 heat-strengthened rails manufacture to TSI requirements. The certificates obtained allow the company exporting products to the EU. ChMK started manufacturing these types of rails of R350HT steel grade specifically for the European market. The audit has been carried out by TUV Nord. (Ukrainian…Details
In 2017 Ferrexpo exported 10.406 million tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 7.821 million tons and Yeristovo GOK – 2.585 million tons. Karelsky Okatysh exported 5.599 million tons of pellets, Metalloinvest – 5257.7 thousand tons, including 3.115 million tons from Mikhaylovsky GOK and 2.142 million tons from Lebedinsky…Details
In 2017 Norilsk Nickel decreased nickel output by 8% YoY, to 217.112 thousand tons. According to the company statement, copper output grew by 11%, to 401.083 thousand tons. Palladium manufacture increased by 6%, to 2.78 million ounces, and platinum – by 4%, to 670 thousand ounces. The company operational director Sergey Dyachenko said, that in…Details
UniCredit Bank Austria sealed a deal with Belarus Iron and Steel Works (BMZ trademark) to open a 15 million euros credit line in 2018, Belarus’ Deputy Industry Minister Gennady Svidersky reported. He drew attention to the fact that the reputable European bank would lend the money directly to the Belarusian-based enterprise. In the future, the…Details
In 2018 Ukraine is expected to increase steel output by 8% YoY, to 22.5-23.3 million tons. “This is our careful forecast. The growth will be 7.6-9.4%. These are quite achievable results, if we avoid such shocks as in 2017”, Ukrmetallurgprom president Alexander Kalenkov said. According to him, in 2017 Ukraine produced 21.3 million tons of…Details
In 2017 Petropavlovsk Plc increased gold output by 9.8% YoY, to 439.6 thousand ounces (13.7 tons), while the plan was 420-460 thousand ounces. The prime cost of the gold manufacture last year was over $700 per ounce, higher than the expected range of $600-700 per ounce. Gold sales totaled 439.8 thousand ounces at the average…Details
The Ministry of Finances has prepared a draft bill to allow obtaining alluvial gold. When the bill is passed, the population will be able to freely extract alluvial gold on the riverbanks not owned by any company. But a license from the Ministry of Finances will be required for such an activity. The gold obtained…Details
In 2017 the state company Ukrzaliznytsia supplied 48.5 thousand tons of metal scrap to Interpipe. “Ukrzaliznytsia’s entering the scrap market was a very important and long-awaited move. They sold 157.2 thousand tons of ferrous metals scrap, and we bought 48.5 thousand tons from them”, Interpipe CFO Denis Morozov said. According to him, those companies that…Details
The arbitrary court of the Novosibirsk region has declared the Mineral Group LLC bankrupt. The company intended to construct a complex to mine and process titanium-zirconium ores. The claim to the company was submitted by Story-ka LLC because of the debt of 3.6 million rubles. The project to construct the complex valued at 1.25 billion…Details
Within the project to construct the press-forging complex Zlatoust Electrometallurgical Works has started assembling machinery. In particular, the company assembles the press frame. The machinery is produced by Danieli and assembled by the contractor company Prokatmontazh. The weight of the press frame is 64 tons. To assemble it a Grove automobile crane with the lifting…Details
In 2017 the throughput of the NMTP Group totaled 143517 thousand tons. In particular, coal throughput grew by 14.1%, or by 247 thousand tons YoY, to 1994 thousand tons. Iron ore throughput dropped by 7.9%, or by 235 thousand tons, to 2752 thousand tons, mostly because of the growth of domestic consumption, decrease of exports…Details