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This year MMK intends to load its galvanized and polymer-coated metal capacities to the maximum. According to the coated metal sales senior manager Alexei Oleynik, the company main goal is to completely satisfy customers in product range and quality. “The domestic market is still considered the main destination of sales. The share of the inner…
DetailsIn 2017 Russia consumed 4.3 million tons of rolled metal with coating. According to Severstal Russian Steel flat rolled metal sales director Kirill Kiryushkin, imports from Kazakhstan grew, but fell from China and Ukraine. This year a slight increase in consumption of galvanized and coated steel is expected – by 2%. Last year Severstal was…
DetailsIn 2017 Metalloinvest revenue grew by 46.2%, to $6.2 billion mostly because of market situation improvement and the growth of high added value products sales, in particular hot-briquetted iron. Metal products sales revenue last year increased by 43.7%, to $3.2 billion, and iron ore sales – by 51.5%, to $2.8 billion. The main share of…
DetailsIn 2017 MMK Group put aside 2.24 billion rubles for charity and for the development of social initiatives and projects – a 4% increase compared to the previous year. Magnitogorsk Iron & Steel Works contributed over 1.4 billion rubles to the overall sum donated to charitable and social projects. MMK is the leading Russian mining…
DetailsResidents of Shopokov town held a rally in Bishkek in front of the White House. The protesters appealed to the authorities, including the authorized representative of the government in Chui region, with a request to stop the work of the metallurgical plant. The appeal says that the plant is located in the center of the…
DetailsPrices for the precious metals in Azerbaijan increased on March 14. The cost of gold increased by 14.88 manats (by 0.7%), to 2257,25 manats per troy ounce, according to the data published by the Central Bank. The cost of gold in Azerbaijan over the past 30 days (February 14 – March 14, 2018) decreased from…
DetailsIn January-February Ukraine imported 232.48 thousand tons of nickel ore and concentrate valued at $10.913 million, up by 17.3% and by 14.9% YoY respectively. According to the State Fiscal Service, Guatemala supplied 59.09% worth of nickel ores and Indonesia – 40.91%. Last year Ukraine decreased nickel ore and concentrate imports by 4.2% YoY, to 1.313…
DetailsIn January-February Ukraine increased pig iron exports by 50.9% YoY, to 524.7 thousand tons valued at $171.7 million, up by 72.3%. According to the State Fiscal Service, USA imported 50.5% worth of pig iron, Italy – 16.3% and Turkey – 13.2%. In 2 months Ukraine imported 212 tons of pig iron valued at $132 thousand,…
DetailsIn 10 years the consumption of chemical reagents in the Russian gold-extracting industry increased 3-fold, to 210 thousand tons in 2017. At the same time, gold mining increased only 2-fold, to 187 tons. In future the reagents market will be determined by the gold output increase. Sodium cyanide consumption by 2025 could grow to 120…
DetailsThe state enterprise Selidovugol has cleared salary debts to its employees. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the miners have started receiving SMS about the payment of salary. In particular, they were paid in full for January and a part of the February salary. Volynets hopes that miners…
DetailsGold production at the Kumtor mine in 2017 was 562,749 ounces or 17,503.46 kg, Public Relations Department of Kumtor Gold Company reported. Gold sales in 2017 were 550,134 ounces or 17,111.09 kg with a revenue totaling $685.2 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2017…
DetailsIn January-February Avdiivka Coke and Chemical Works increased output 2-fold. According to the company CEO Musa Magomedov, at the same time in February the city of Avdiivka was on the brink of humanitarian catastrophe. “Because of the problems with electricity supply we had to shut down two coking shops to provide the city with heating”,…
DetailsSeverstal has selected the supplier of the main machinery for the construction of the coking battery with coal charge tamping at Cherepovets Iron and Steel Works. Paul Wurth S.A. (Luxembourg) will supply the machinery and design the construction of the new complex. The total cost of the investment project is over 30 billion rubles. The…
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