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In 2017 Vyksa Iron and Steel Works produced over 2 million tons of pipes, up by 15%. Large diameter pipes manufacture grew by 16%, to 930 thousand tons, small and medium diameter pipes – by 14%, to 1.1 million tons. Hot-rolled coils output reached a record of 1.29 million tons, up by 4%. Sheets manufacture…
DetailsThe physical volume of deals with gold on the Moscow Exchange fell by 5.3% YoY, to 5.3 tons in January-February, the exchange said in a statement. The amount of deals with silver surged to 2,461 kilograms in the period from 140 kilograms in the same period of 2017. In monetary terms, gold and silver deals…
DetailsMoscow shares the concern of European states about introduction of steel and aluminum duties by the U.S., presidential spokesman Dmitry Peskov declared. U.S. President Donald Trump said at a meeting with CEOs of metals producing companies that the country would introduce a 25% steel imports duty and a 10% aluminum duty for a long time.…
DetailsThe Tajik aluminum plant will stop working for two years in connection with the construction of a new joint Tajik-Chinese aluminum enterprise. This was stated by head of the Information and Public Relations Department of SUE Tajik Aluminum Company (TALCO) Igor Sattarov. Negotiations on the construction of a new plant, which are being conducted on…
DetailsMetinvest intends to acquire Unisteel LLC, the producer of cold-rolled galvanized metal. Metinvest-SMC LLC has already filed a corresponding request to the Antimonopoly Committee. As the result of the purchase the Metinvest-SMC share in Unisteel will exceed 50%. Unisteel with the capacity of 100 thousand tons of galvanized metal per year was constructed in 2007-2010.…
DetailsThe state enterprise Selidovugol miners, who went on a hunger strike at the premises of the Ministry of energy and coal industry on February 21, stopped the strike. “We hope that the state enterprise gets the promised 10 million UAH to clear salary debts”, the Independent Miners Union chairman Mikhail Volynets wrote on his Facebook…
DetailsAlfa-bank has provided Evraz with the loan of $300 million. The loan has been given for 5 years, according to the bank statement. “The borrowed funds were used to clear existing debts”, the bank noted. The interest rate is not disclosed. (Ukrainian metal)
Details“The State Committee for Industry, Energy and Subsoil Use recommended GL Makmal Developing Company to conduct an environmental impact assessment of the project on construction of a gold recovery plant and hold public hearings,” deputy head of the committee Suyuntbek Alikeyev reported. According to him, the Chinese company Xinghai LTD developed the factory project on…
DetailsThe Individual Deposits Guarantee Fund has sold 94.6 thousand shares of Interpipe Nizhnedneprovsk Pipe-rolling Works for 32.9 thousand UAH. The Ukrainian Stock Exchange played a host to the auction of assets of Bank Forum. As the result, Interpipe NTZ shares in the amount of 94622 were sold for 32.877 thousand UAH. (Ukrainian metal)
DetailsIn 2017 Russia imported 686 thousand tons of ferrous scrap from Kazakhstan, up 1.7-fold YoY. This was also the highest volume of Kazakh scrap exports to Russia. Scrap price on Russian-Kazakh border in December 2017 was $226.2 per ton, down by 5.7% MoM, but up by 42% YoY. Some 45% of exports go to Chelyabinsk…
DetailsIn January Armenia produced 3151 tons of aluminum foil, up by 18.8%. Last January aluminum foil output increased by 14.3%. According to the National Statistics Service, in 2017 Armenia increased aluminum foil output by 14.4% YoY, to 33181 tons. While the year 2016 saw the decrease of 2.1%. (Ukrainian metal)
DetailsThe Komsomolskaya mine of Vorkutaugol has started mining at the second south block. The first long face has 404 thousand tons of coal. Up to 45 thousand tons will be produced there in a month. The company started preparing for the operation at the new long face in advance. Last year, 70 out of 170…
DetailsIn January Russia produced 4.3 million tons of pig iron, down by 2.3% YoY (4.32 million tons in December 2017). Ukraine decreased output by 6% YoY, to 1.8 million tons (same in December 2017). 325 thousand tons of pig iron were produced in Kazakhstan (same in December 2017), down by 49.1% YoY. All in all…
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