In November Ukrainian metal companies consumed 165 million cubic meters of gas, up by 10% MoM. According to Ukrmetallurgpromgas, in 11 months gas consumption grew by 3% YoY, to 1.6 billion cubic meters. Metal companies also consumed 10.5 billion kW-h of electricity, down by 11%. (Ukrainian metal)Details
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In November Ukrainian metal companies were supplied with scrap at 96%. According to Ukrmetallurgprom, last month scrap-procuring companies prepared 318 thousand tons, up by 2% MoM. Of this volume local metal companies received 270 thousand tons, while 48 thousand tons were exported, up by 20% MoM. In January-November out of 3.4 million tons of scrap…Details
Metinvest analysts believe that in 2018 the average price of hot-rolled coils will be $517 per ton as opposed to $503 in 2017. According to Metinvest-SMC CEO Dmitry Lippa, steel billets prices will increase to $459 per ton from $431. Iron ore raw materials will cost $71 per ton (in 2017 – $65). At the…Details
In January-October Russia imported 5.555 million tons of ferrous metals, up by 1.49-fold YoY. Far foreign countries supplied 1.967 million tons, while CIS countries – 3.588 million tons, up from 1.296 and 2.438 million tons in 10 months of 2016 respectively. Imports of ferrous metals not counting pig iron, ferroalloys, waste and scrap also grew…Details
ArcelorMittal Kriviy Rih has purchased 4 large BelAZ dump trucks valued at $24 million. According to the company statement, the lifting capacity of each machine is 136 tons. Having made the purchase the company has renewed its large machinery fleet by half. “Regular arrivals of new trucks allow us to considerably increase output”, the company…Details
In January-November Interpipe Steel produced 779 thousand tons of steel, up by 36.2% YoY. In November steel output totaled 78 thousand tons as opposed to 52 thousand tons in October. In 2016 the company produced 614 thousand tons of steel, up by 2% YoY. (Ukrainian metal)Details
In January-November Amur region obtained 24395 kg of gold, up by 18% YoY, or by 3682 kg. Ore gold accounts for 16215 kg, and alluvial gold – 8180 kg. Some 50 companies extract gold in the region, with the main contributors being Petropavlovsk, Priamurye Group of Companies and Priisk Solovievsky. This year Petropavlovsk intends to…Details
In January-October Kirov Non-Ferrous Metals Processing Works increased rolled metal output by 5% YoY. In particular, rolled copper manufacture went up by 13.5%, and copper-nickel rolled metal – by 45%. Sheet manufacture demonstrated the largest growth among product types: 14.4% YoY, with copper sheet up by 24.4%. Belt output increased by 5%. (Ukrainian metal)Details
This year Magadan region has to obtain 30.9 tons of gold. But it has already exceeded this target, having yielded 31.2 tons, up by 4.6 tons YoY. “With the annual target of 30.9 tons of gold, the region has already obtained 31.2 tons. By the end of the year the results will grow even more”,…Details
In 2018 pipe consumption in Russia will increase by 2%. According to Igor Malyshev, director of the Pipe industry development fund, increase in OCTG segment will be 3%, oil and gas pipes – 5%, industrial pipes – 6% and construction and housing pipes – 1%. At the same time large diameter pipes consumption is expected…Details
Russia’s gold output grew by about 8% YoY, to 235.999 tons in January-September, the Union of Gold Producers of Russia said in a statement on December 14. Miner gold production rose by 7%, to 188.763 tons, byproduct production by 14%, to 12.946 tons, and scrap gold output rose by 3%, to 27.203 tons. Silver output…Details
NLMK Engineering, one of the leading design institutes in the Russian steel sector, and China’s leading state engineering company WISDRI Engineering & Research Incorporation Limited, have signed a master cooperation agreement. The term of the agreement is three years. It covers collaboration on investment projects by NLMK Group and other steel companies. The agreement was…Details
In January-November Chukotka Autonomous District mined 406 thousand tons of coal, up 1.8-fold YoY. Only two companies mine for coal in the region. The Shakhta Ugolnaya company, developing the Anadyr deposits, mined 183 thousand tons of coal, down by 19% YoY. At the same time Beringpromugol LLC, developing the Fandyushkinskoye field deposits since December 2016,…Details