Donetsk region state mine groups have concluded 2 agreements with the Mirnogradskaya Central Processing Factory to process coal for the total amount of 136.3 million UAH. The state enterprise Selidovugol has ordered processing of 660 thousand tons of coal at 145 UAH per ton (95.7 million UAH) until June 2019. The state enterprise Toretskugol will…Details
This year UAH 3 billion will be allocated from the state budget to cover the difference in cost and market price of coal, Prime Minister of Ukraine Volodymyr Groysman said during an Hour of Questions to the Government. “The state of affairs in the coal sector is very poor, and this isn’t good for the…Details
In June Energomashspetsstal shipped over 100 tons of supporting rolls to Mariupol Ilyich Iron and Steel Works.
The rolls have been produce under the agreement signed last October.
EMSS has to produce some 500 tons of rolls for Mariupol Ilyich.
The rolls will be used at hot- and cold-rolling strip mills. (Ukrainian metal)
In June rolled metal and pipes shipment via railroad from the main market players totaled 4.92 million tons, down by 7% MoM, but up by 7.4% YoY. Sales on domestic market were 3 million tons, down by 5.6%, but up by 7.1%, while exports – 1.09 million tons, down by 9.1%, but up by 7.9%…Details
In June railroad transportation of ferrous metals totaled 6.2 million tons, down by 5.2% MoM, but up by 15.7% YoY. Deliveries to the domestic market reached 3.64 million tons, down by 3.5% MoM, but up by 14% YoY. Exports totaled 2.1 million tons, down by 6.1%, but up by 22.5%. Imports were on the level…Details
In June railroad deliveries of ferrous scrap to the metal works and pipe companies totaled 1.44 million tons, up by 7.6% MoM and by 10% YoY.
In January-June scrap deliveries dropped by 1.6% YoY, to 5.93 million tons. (Ukrainian metal)
The governmental commission on support of priority investment projects in the Republic of Bashkortostan has approved provision of state support to a number of projects. In particular, this is the project of Sibay Mining and Processing Works, a part of UGMK, to maintain capacities and reconstruct mine and dump waters cleaning facilities at Sibayskoye and…Details
The rolling shop No. 3 of ZEMZ has started assembling the centerless turning machine used to turn round bars. Earlier all the earthworks at the site have been carried out, the concrete foundation has been laid. All the work was performed by the company construction department. The machine can turn up to 3200 tons of…Details
In June Severstal-Gonvarri-Kaluga LLC successfully passed the re-certification audit for the correspondence to the international standards of ISO 9001:2015 and IATF 16949:2016. Bureau Veritas carried out the re-certification audit. SGK management system is certified according to ISO 9001:2015, IATF 16949:2016, ISO 14001:2015 and OHSAS 18001:2007. The first certification was carried out in 2011 according to…Details
Izhstal has repaired the arc steel furnace to produce stainless, tool and speed steel grades. The repair of the rolling mill-450 has also been completed. All the work was performed according to schedule. The repaired arc furnace produces high-alloyed steel grades. The site capacity is 60 thousand tons per year. The mill-450 produces rolled metal.…Details
Next year prices of metal products and raw materials will stabilize, Evraz says. “We believe the prices of coal and steel will return to a more sensible level. It’s difficult to say, when this happens, but probably already in the second half of the year. Or next year”, Evraz vice president on finances Nikolai Ivanov…Details
In 2017-2018 the United Mining and Chemical Company bought special machinery worth 195.9 million UAH. In particular, for its subsidiaries of Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works it purchased 47 units of machines, including 24 special machines, and 17 cargo and passenger machines. Volnogorsk Works saw the largest machine park…Details
The prices of the main precious metals varied in Azerbaijan on July 6, according to the data published by the Central Bank. The cost of gold increased by 0.085 manats, to 2133.8825 manats per ounce compared to the price on July 5. The cost of platinum increased by 5.1425 manats, to 1434.8255 manats. The cost…Details
The electricity supplier has cut the state enterprise Volynugol mines off grid because of the debt. “Since the second shift on July 4, the Regional Electric Networks has stopped supplying electricity to the Volynugol mines”, Mikhail Volynets, chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. According to him, the regional…Details
In 2017 Rusal Armenal received 49.7 billion drams, up by 31.5% YoY. The company gross profit grew by 67.5%, to 6.031 billion drams. Assets increased by 2.6%, to 46.7 billion drams. The company liabilities dropped by 1.1%, to 36.5 billion drams. The foil-rolling plant Rusal Armenal in the city of Yerevan was created by Rusal…Details
Taking into account the Lysva Iron and Steel Works capacities, the MMK share of the coated rolled metal market could reach 30%. In June LMZ sold 35 thousand tons of polymer-coated metal, which became a historical record. This year Lysva Works intends to sell 280 thousand tons of metal. So far 110 thousand tons have…Details
Ingulets Mining and Processing Works has shipped the first batch of iron ore premium quality concentrate to a metal company in Mexico. According to the company CEO Alexander Gerasimchuk, the delivery to Mexico allows InGOK to expand sales markets. “Our products are sailing to the customers. The interest of foreign companies proves that InGOK is…Details
The United Mining and Chemical Company has transferred 332.6 million UAH of dividends for 2017 to the state budget, having set another record. According to the company statement, last year it paid 321.8 million UAH of dividends for 2016. “For the fourth year in a row our company remains a socially responsible taxpayer, annually increasing…Details
Severstal has finished the record-long series of steel pouring from one ladle at the continuous casting machine of the Cherepovets Iron and Steel Works. The ladle carried out 200 pourings. The duration of the continuous pouring process was 166 hours and 22 minutes. The ladle has poured 24.8 thousand tons. The previous record was 158…Details
The Russian Copper Company and the National prospecting company Kazgeologia have signed a memorandum of cooperation in seeking out and developing non-ferrous and polymetallic ore deposits on the territory of Kazakhstan. “RCC has been operating in Kazakhstan for almost 15 years. We see the interest of the authorities in the cooperation development with Russian companies.…Details
Up to 1 thousand miners are striking near the building of the Verkhovnaya Rada demanding their salary debts to be cleared. They make noise by hitting their helmets on the road. They also carry banners with the inscription of “We do not demand what is not ours. We have come for our salary”, “Give us…Details
Metinvest has won the golden medal of the SAP Quality Awards 2018 for the best innovation project in Central and Eastern Europe. Metinvest participated in the competition for the first time. The group project “Coal-coke-pig iron” was nominated in the innovation category. The group specialists have developed and implemented the system to plan the through…Details
Having prohibited the exports of scrap from the main Far East ports for 6 months to help Amurmetal with raw materials, the government can now take similar measures to help Abinsk Electrometallurgical Works (AEMZ). The Ministry of industry and trade intends to hold a meeting on providing AEMZ with raw materials. The authorities of Krasnodar…Details
Magnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled “Metal and Mining Enterprises with Highly Effective CSR”. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category “Environmental Protection and Resource Management”. MMK’s investments in environment protection last…Details
The prices of the main precious metals varied in Azerbaijan on July 5, according to the data published by the Central Bank. The cost of gold decreased by 2.686 manats, to 2,133.7975 manats per ounce compared to the price on July 4. The cost of silver decreased by 0.0476 manats, to 27.2734 manats per ounce.…Details
S & P Global Rating believes that the Eurasian Resources Group will see a higher financial stability, and has increased its long-term rating to B from B-. Last year the group EBITDA reached $2 billion, and its free fund flow was positive ($476 million). The group was able to strengthen its positions due to FeCr…Details