Russian steel manufacturers have started increasing prices for local customers because of the ongoing growth of export prices. Thus, NLMK has increased its January 2018 prices for hot- and cold-rolled metal by 10%, and Severstal – by 4%. Steel started getting expensive in December. In just one week (December 15-22) average local prices have grown…
DetailsNord Gold SE, the internationally diversified low-cost gold producer, has announced that it is still at the initial stages of assessing the prospect of gold mining in Uzbekistan. “Uzbekistan has one of the world’s richest gold reserves, so any interest we have in the country would not be surprising. However, we are still at the…
DetailsUrov-Zoloto LLC, extracting gold in Zabaykalye region, has obtained 122 kg of alluvial gold this year. The output plan for the next year is 100 kg. Next year the company will not take part in new auctions. The work will be performed under the current 4 licenses. At present all the operation is stopped. The…
DetailsIn November Russia produced 4.26 million tons of pig iron, down by 16.7% YoY (4.4 million tons in October). In 11 months pig iron output in Russia decreased by 15.6% YoY, to 47.396 million tons. Ukraine produced 1.6 million tons of pig iron in November, down by 16.2% YoY (1.655 million tons) and 17.721 million…
DetailsChelyabinsk Pipe Works has become a guarantor on the bank guarantee granted to Pervouralsk Pipe Works. The guarantee was granted by Bank Uralsib. The agreement was concluded on December 22. According to the document, the guarantor will be responsible to the bank together with the borrower. The volume of the guarantee is 1.58 billion rubles.…
DetailsIn January-November Gaysky Mining and Processing Works received over 70 units of mining machinery of foreign make: Atlas Copco, Sandvik, Komatsu, BelAZ, Caterpillar, Normet, KGHM Zanam, etc. The company has also received 15 units of Russian machines, produced in particular, by Machine-Building Holding (Yekaterinburg), Khenkon (Krasnoyarsk), Miner (Smolensk region), Kamaz (Naberezhnye Chelny), etc. Most of…
DetailsBeloretsk Iron and Steel Works has put in operation a new bearing test bench. The equipment allows finding careless suppliers, decrease expenses on purchases and the number of unscheduled repairs. Ball and roller bearings are the most needed spare parts at BMK – each year the company buys some 30 thousand pieces of bearings at…
DetailsAlexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal”, and the company’s management team visited production departments of the Yakovlevsky mine, and approved of next year’s business plan, while meeting employees of the plant. The chairman and managers visited the central control room where the production management is located, as well as…
DetailsMetalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov,…
DetailsThe state enterprise Selidovugol has concluded an agreement with Vizarremprom LLC on the supply of spare parts for the sections of mechanized anchoring valued at 80.15 million UAH. In particular, the company has to deliver 22 types of products to the 1/3 Novogrodovskaya mine within 10 working days since 100% prepayment. The agreement is valid…
DetailsThe European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…
DetailsIrkutsk Aluminum Works has started shipping the KEP-2 coke to produce baked anodes. The main customer is Sayanogorsk Aluminum Works (SAZ), which produces baked anodes for its own metal manufacture, as well as for other Rusal works. So far 38 railroad cars with KEP-2 weighing 2380 tons have been shipped to SAZ. IrkAZ was able…
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