In 2019 Dneprovsky Iron and Steel Works decreased rolled metal output by 43% YoY, to 449 thousand tons. Steel manufacture dropped by 44.5%, to 511 thousand tons, and pig iron – by 44.5%, to 492 thousand tons. In December 2019 the company did not produce steel and pig iron, and manufactured only 5 thousand tons…
DetailsThe strategic plan of the Murmansk region presupposes implementation of 3 metallurgical projects with the total amount of investments at 89 billion rubles. In particular, a hydrometallurgical works and a mining and processing works to manufacture lithium will be constructed for 12 billion rubles. A GOK at the Fedorova tundra deposit will cost 60 billion…
DetailsAccording to preliminary data, in 2019 Uzvtorzvetmet increased non-ferrous metals scrap procurement by 1.6 thousand tons or by 9% YoY, to 19.5 thousand tons The growth was due to the reorganization of the procurement system. “Last year everything changed in the procurement system, from price and acceptance units to transportation and professional level of our…
DetailsIn 2019 Zaporizhstal decreased rolled metal output by 5.3% YoY, to 3.348 million tons. Steel manufacture dropped by 2.5%, to 4.004 million tons, and pig iron – by 0.6%, to 4.36 million tons. In December 2019 Zaporizhstal produced 393.9 thousand tons of pig iron, 330.6 thousand tons of steel and 273.3 thousand tons of rolled…
DetailsIn 2019 Mariupol Ilyich Iron and Steel Works increased rolled metal output by 15% YoY, to 3.337 million tons. Steel manufacture grew by 10%, to 3.562 million tons. At the same time, pig iron output dropped by 1%, to 4.451 million tons. In December 2019 Mariupol Ilyich produced 230 thousand tons of rolled metal, 280…
DetailsUkraine produced 31.21 million tons of coal in 2019, down by 5.7% from the target, the Coal Miners Union of Ukraine reported on January 8 with a reference to the data provided by the Ministry of Energy and Environmental Protection. In particular, the mines subordinated to the Ministry of Energy and Environmental Protection produced 3,565,336…
DetailsAnti-Corruption Service of the State Committee for National Security of Kyrgyzstan revealed facts of systematic thefts at Solton-Sary mine, press center of the state committee reported. According to it, officials were involved in the theft of a gold-bearing industrial product from Solton-Sary gold processing plant. It was found out that company officials were systematically involved…
DetailsLast week the average price of precious metals remained unchanged due to the New Year holidays. Accordingly, the average price of one ounce of gold stood at 2,574 manats ($1,514). The average price of one ounce of silver stood at 30.46 manats ($17.9), of platinum at 1,615 manats ($95) and of palladium at 3,240 manats…
DetailsIn 2019, 3557 employees of the Krasniy Octyabr Iron and Steel Works underwent professional retraining. 359 of them got a new profession. Over 30 people studied to become a crane operator. This year some 500 employees will improve their skills free of charge. (Ukrainian metal)
DetailsIn 2019 Ukraine produced 20.824 million tons of steel, down by 1.3% YoY. Pig iron manufacture decreased by 2.5%, to 20.054 million tons, and rolled metal – by 1.1%, to 18.16 million tons. Ukraine started decreasing output since September 2019 due to the drop in demand and price. In particular, Dneprovsky Iron and Steel Works…
DetailsIn late 2019 Zlatoust Electrometallurgical Works mastered the manufacture of a new product – 5×155 mm rolled strip of high-alloyed steel. The strip was produced in the electric steel smelting shop No. 3 and rolled in the rolling shop No. 1. In order to start manufacturing the strip the company specialists have developed a new…
DetailsIn 2019 Azovstal decreased output. In particular, rolled metal manufacture dropped by 3.2% YoY, to 3.75 million tons, steel – by 1.6%, to 4 million tons, and pig iron – by 6.3%, to 3.47 million tons. In December 2019 Azovstal produced 278 thousand tons of rolled metal, 303 thousand tons of steel and 316 thousand…
DetailsPipe Metal Company has finalized the sale of 100% of IPSCO Tubulars Inc. shares to Tenaris. The price of the deal following the agreement concluded on March 22, 2019, was $1.209 billion. Following the deal the parties have concluded a 6-year agreement, according to which from now on Tenaris will act as an exclusive distributor…
DetailsFerrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works among other things, has announced its decision to pay special dividends for 2019 of $0.066 in addition to the already announced interim dividends of the same amount, resulting in the total amount of dividends of $0.132, or some $80 million. The final decision will be…
DetailsThe shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved July-September 2019 dividends at 1.65 rubles per share, the company said. “A decision to pay dividends for the third quarter of the reporting year 2019 in the amount of 1.65 rubles per common share (tax included) was voted by the majority,” the statement said.…
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