PAO Severstal, one of the world’s leading steel and steel-related mining companies, has completed the acquisition of 100% of the shares of Sintez-CIP Ltd and Sintez PP Ltd, the owners of the only producer and supplier of carbonyl iron powders in Russia and the CIS region. Sintez-CIP will become a part of Severstal’s metalware manufacture…Details
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The net profit of Russian aluminum giant UC RUSAL fell by 44.5%, to $960 million in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on March 13. The adjusted net loss amounted to $270 million after an adjusted net profit of $856 million a year ago. Revenue fell…Details
Mechel, one of the leading Russian mining and metals companies, reports launching two upgraded key facilities at Chelyabinsk Iron and Steel Works (part of Mechel Group) – blast furnace No. 4 and converter o. 1. Investment totaled 4.5 billion rubles. Presidential Plenipotentiary Representative in Russia’s Urals Federal District Nikolai Tsukanov, Chelyabinsk region’s governor Alexei Texler,…Details
In January-February Ukraine imported $15.338 million worth of copper and copper wares, down by 2.1% YoY. According to the State Tax Service, exports dropped by 15.9%, to $9.814 million. In February Ukraine imported $8.45 million worth of copper and wares and exported – $5.895 million. Nickel imports decreased by 11.3%, to $14.008 million ($6.034 million…Details
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…Details
Severstal 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.…Details
In 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)Details
Due 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…Details
In 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)Details
In 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…Details
In 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)Details
Chepets 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…Details
In 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…Details