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Fitch Solutions forecasts a considerable increase in global gold output in short-term. According to the analysts, Russia could outrun China and become the largest gold producer in the world until 2029. Domestic demand for gold will provide for the further increase in speed of gold mining. The output is expected to grow from 11.3 million…
DetailsSeverstal has taken part in the XXI international construction exhibition UzBuild-2020 in Uzbekistan, which has attracted some 400 companies from 25 countries. The group has been present on the Uzbek market since 1965. Now Severstal supplies over 150 thousand tons of rolled metal and metal wares to construction and automobile industry customers in the country.…
DetailsIn January Russia imported 430.7 thousand tons of ferrous metals, up by 6.3% YoY, but down by 7% MoM. According to the Federal Customs Service, imports without pig iron, ferroalloys, wastes and scrap totaled 356.2 thousand tons, up by 6.9% YoY. Imports of pipes dropped by 22%, to 41.1 thousand tons. (Ukrainian metal)
DetailsDue to the weakening of the rubles rate and the overall situation on the metal wares market, the Metal Ware Trading Company is increasing prices for all Chinese wares by 7%. Prices for Belarus and Russian wares are also growing: for ordinary and self-tapping screws, DIN screws and finishing nails – by 7%, and for…
DetailsIn 2019 DTEK Pavlogradugol received a net loss of 6.72 billion UAH, up by 11% YoY. Revenue reached 30.9 billion UAH, down from 36.9 billion UAH in 2019. Pavlogradugol is the largest coalmining enterprise in DTEK. DTEK accounts for 90% of power-generating coal mining in Ukraine. (Ukrainian metal)
DetailsIn January-February Ukraine exported 507.4 thousand tons of pig iron valued at $153.1 million, down by 0.7% and by 8.1% YoY respectively. According to the State Tax Service, 163.3 thousand tons of pig iron were exported in February, down by 52% MoM. The main customers were China (38.52%), USA (35.11%) and Turkey (9.49%). In 2…
DetailsIn January-February Ukraine exported 139 thousand tons of ferroalloys valued at $141.2 million, down by 13.7% and by 20.1% YoY respectively. According to the State Tax Service, the share of ferroalloys was 0.5%. The major customers were the Netherlands (26.9 thousand tons), Turkey (22.5 thousand tons) and Italy (22.1 thousand tons). (Ukrainian metal)
DetailsChepets Mechanical Works has developed a technology, which allows processing used graphite into products. Graphite rods are used as anodes during the zirconium and calcium electrolysis. The company accumulates over 200 tons of used graphite per year, that earlier had to be disposed of. The new technology allows extracting pure graphite and manufacturing various products…
DetailsIn 2020 Petropavlovsk Plc intends to increase gold-containing ore concentrates processing at Pokrovsky GOK to 350 thousand tons. Last year, 187.5 thousand tons were processed. The increase will be due to the growth of Malomyr and Pioneer deposits concentrate processing. By 2022, Petropavlovsk intends to start processing 400-450 thousand tons of concentrate per year at…
DetailsIn February Dneprospetsstal produced 18639 tons of steel, up by 31.7% MoM. Rolled metal output grew by 14.3%, to 12352 tons. The total cost of the products manufactured in February amounted to 509833 thousand UAH. In 2 months DSS produced 32788 tons of steel and 23160 tons of rolled metal, up by 4.6% and by…
DetailsIn 2019 Metinvest enterprises mastered the manufacture of 53 new product types and earned $15 million. Azovstal is the leader among them, followed by Mariupol Ilyich Iron and Steel Works and Zaporizhstal. In particular, Mariupol Ilyich started producing 8 new types of slabs. The company has also mastered the manufacture of products with new chemical…
DetailsThe first deputy prime minister of the Republic of Bashkortostan Andrei Nazarov and minister of industry and energy Alexander Sheldyayev among others have visited Beloretsk Iron and Steel Works. The visit was carried out during a governmental trip to the city of Beloretsk. The company CEO showed the manufacturing process of wire rod, multi-stranded ropes…
DetailsInterpipe has developed and tested the new Intrepid-SP joints, specifically designed for the North American market. The joints are used in the construction of horizontal shafts to extract shale oil and gas in hard-to-reach layers. Intrepid-SP can also be used in the development of traditional deposits, but with hard-to-extract reserves. “We continue developing the portfolio…
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