Domnaremont specialists have finished assembling metal structures of the new blast furnace Cowper stoves at the Cherepovets Iron and Steel Works. The Cherepovchanka blast furnace No. 3 has four Cowper stoves. Their height is some 40 meters and the weight – 500 tons. The assembly started last September. The blast furnace is expected to be…Details
In 5 years several large-scale projects on pipe manufacture are expected in Russia, resulting in the welded pipes output increase by 13%. OMK believes that the market demand will grow by 6%. Average loading of capacities will drop from 50% to 47%. In particular, OMK intends to commission a shop to produce oil and gas,…Details
Russia produces around 19 million tons of hot-rolled sheet per year, including 14 million tons of thin sheet and 5 million tons of plates. In 2017-2018 a third of this volume was exported. Hot-rolled metal imports grew from 1 million tons in 2016 to 2 million tons in 2017-2018. Domestic consumption of hot-rolled metal in…Details
According to the NLMK chief specialist Vitaly Glazunov, the company has decided to shut down two of its welded pipe lines with the combined capacity of 50 thousand tons per year. In 2018 – April 2019 average price difference between cold-rolled metal and welded pipes in Russia was around 700 rubles per ton with VAT…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 6.4 billion rubles in the first stage of the development of the Kachkanar-proper titanium magnetite vanadium-containing ore deposit in the Sverdlovsk region, the company said in a statement on May 27. Commercial ore production is expected to begin in the first quarter of…Details
The state enterprise Pervomayskugol has ordered the Mirnogradskaya Central Processing Factory coal processing services valued at 44.08 million UAH.
This year the factory will have to process 304 thousand tons of coal at 145 UAH per ton.
The price of the contract is 0.05% below the expected cost (44.1 million UAH). (Ukrainian metal)
Energomashspetsstal has successfully prepared for shipping four bulk billets for the manufacture of the steam generator at the second block of the Akkuyu NPOP in Turkey. The billets – 2 shells and 2 bottoms – were inspected by the TAEK representatives during the 2-day event. The total weight of the parts is 157 tons. They…Details
Ferrum-P LLC has increased the initial price for the Baitsetuy Nizhniy alluvial gold deposit in Zabaikalye region 29.7-fold.
The auction took place on May 14.
The company final offer was 74.818 million rubles.
7 companies participated in the auction. (Ukrainian metal)
In January-March, Urtuisky coal pit mined 794.7 thousand tons of coal, up by 2.8% YoY. The company is developing a coal deposit with the same name in Zabaikalye region. This year the enterprise has started a new investment program to increase output. Thus, this year it is planned to mine 3.2 million tons of coal,…Details
The National Tariff Commission has started an antidumping investigation on the imports of cold-rolled coils from Russia and Canada at the request of International Steels Limited (ISL) and Aisha Steel Mills Limited (ASML), who claim they have suffered from the imports. The investigation term is set from January 1 to December 31, 2018, and the…Details
In 2019 Ukraine is expected to produce 22.641 million tons of steel, up by 7% YoY. According to the Ministry of economical development and trade, rolled metal output will grow by 2%, to 18.8 million tons, and pig iron – by 4%, to 21.43 million tons. At the same time, scrap deliveries to metal companies…Details
In January-March, Metinvest decreased revenue by 5% YoY, to $2.863 billion.
EBITDA dropped by 33%, to $435 million.
Capital investments fell by 8%, to $198 million.
At the same time, the Group total debt decreased by 2%, to $2.682 billion, with net debt unchanged at $2.464 billion. (Ukrainian metal)
At public hearings, ArcelorMittal Kriviy Rih has presented an Environmental Impact Assessment Report for the project of the Wire Rod Mill-1 Reconstruction, which includes replacement of two laying heads and two pinch-rolls. Design solutions were accepted in line with the basic engineering from the technology and main equipment supplier – Danieli company. This mill produces…Details
The 11th Contest of Rolling Mill Specialists in memory of Ion Rotaru, the honored steelmaker of Ukraine, was held at ArcelorMittal Kriviy Rih. This year the teams of steelmaking companies of Kriviy Rih, Kamianske, Zaporizhzhia and Temirtau (Kazakhstan) participated in the contest. Sergey Kozachuk, Director of Rolling Department, ArcelorMittal Kriviy Rih: “Many companies are expanding…Details
In January-April, Azerbaijan produced 1,075 kg of gold, up by 14% YoY, the State Statistical Committee reported. Silver production increased by 15.4%, to 1,007 kg. Copper mining grew by 27.8%, with 654.7 tons of copper ore and concentrates produced during the first 4 months of the current year. As of May 1, finished copper ore…Details
Over the week, the price of one ounce of gold increased by 12.5715 manats or by 0.6% in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,170.1775 manats. The price of one ounce of silver grew by 0.2286 manats or by 0.9%, to 24.5927 manats. The price of one ounce of…Details
The Eurasian Economic Committee has prolonged the antidumping duties on steel forged rolls from Ukraine.
The duty has been prolonged till February 25, 2020.
At present the size of the duty is 26%. (Ukrainian metal)
In January-March, the British Trans Siberian Gold Plc, developing the Asachinskoye gold ore deposit in Kamchatka District, produced 11,857 ounces of chemically pure gold and 30,874 ounces of silver, up by 4.5% and by 46.1% YoY respectively. Dore alloy gold output grew by 52.4%, to 12,345 ounces, and silver – 2-fold, to 32,158 ounces. Gold…Details
In January-March, Nordgold gold output totaled 211.7 thousand ounces, down by 9% QoQ.
Corrected EBITDA dropped by 2%, to $122.5 million.
Net profit grew to $64.3 million as opposed to net loss in Q4 2018. (Ukrainian metal)
Zaporozhye Titanium and Magnesium Works has increased wages to its employees by 20% from May 1. According to the company statement, the increase was due to the effective operation of the enterprise. The increase in wages will result in the growth of taxes at the level of over 30 million UAH per year. Payments to…Details
Avdiivka Coke and Chemical Works, a part of Metinvest, and the administration of the town of Avdiivka (Donetsk region) have signed an agreement on social partnership. Financing of the social programs will total 18.1 million UAH. In 7 years of cooperation Metinvest has invested over 70 million UAH in Avdiivka development. The funds were spent…Details
The modernization projects of Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works have made it to the top-20 best environment programs. The rating comprised local and foreign companies operating in Ukraine. Both completed and programs in progress were taken into account. The rating is topped by Azovstal, with its blast furnace No. 3 reconstruction…Details
In January-April, Ukraine mined 10.204 million tons of coal, down by 9.2% YoY. In particular, coking coal output dropped by 25.1%, to 1.618 million tons, while that of power-generating – by 5.4%, to 8.586 million tons. According to the Ministry of energy and coal industry, in April coal mining decreased by 14.9% YoY, to 2.439…Details
In January-March, Beloretsk Iron and Steel Works increased metal wares sales by 3% QoQ, to 109 thousand tons. According to the company statement, sales of ball bearing wire grew by 96%, galvanized wire – by 13%, and low-carbon wire for ferroconcrete structures – by 70%. The sales of nails and steel mesh went up by…Details