Chief Executive Officer of ArcelorMittal plants in Ukraine and Kazakhstan Paramjit Kahlon met for the first time the representatives of global trade union federation (IndustriALL Global Union) in Kyiv. The meeting was held with participation of main trade unions of Kazakh and Ukrainian plants of the group. IndustriALL Global Union / FES unites the trade…Details
The prices of precious metals increased in Azerbaijan on September 6, according to the data published by the Central Bank. The price of gold grew by 6.613 manats, to 2,035.6395 manats per ounce on September 6, compared to the price on September 5. The price of silver went up by 0.0408 manats, to 24.0932 manats…Details
In August Ukrainian coal production reached 2.904 million tons, the Trade Union of Coal Mining Industry of Ukraine informed on September 5 with reference to the Energy and Coal Industry Ministry. “In August coalmining enterprises of Ukraine of all forms of ownership extracted 2,904,151 tons of coal. The plan was fulfilled by 103%,” reads the…Details
Out of 27 operating mines in Armenia at 10 violations have been spotted.
The main violations concerned tax obligations.
To remove violations the mines are given 90 days.
If violations are not removed, the mines licenses will be cancelled. (Ukrainian metal)
The state enterprise Volynugol and its structural divisions owe considerable amounts to the Pension Fund. As of August 1 the combined debt of Volynugol and its divisions reached 116.7 million UAH, including the debt on preferential pensions of 113.24 million UAH. The Novovolynsky city council has sent a letter to the minister of energy and…Details
The de-shadowing of the scrap market will provide for additional revenue of the state budget in the volume of 850-900 million UAH per year. “There are some 15 thousand scrap procuring centers in Ukraine. And all this business is in the shade. Even considering the decrease of procurement volumes, that’s some 17-18 billion UAH”, Ukrmetallurgprom…Details
Blagoveschensk Rebars Works has made the first delivery of products mastered in record-low time thanks to the use of the innovative method of parallel projection. The manufacture of new sizes of block valves DN 500 mm PN 6.3 MPa, DN 400 mm PN 6.3 MPa and DN 350 mm PN 10.0 MPa was mastered in…Details
On September 19 the city of Gelendzhik will host the 7th Russian conference “Wire-fasteners-2018”. The event will gather all the major metal wares market players from Russia and CIS. Estimates and forecasts on the development of the main market segments will be presented by managers of Severstal-Metiz, MMK-Metiz, Beloretsk Iron and Steel Works, etc. On…Details
Baikal Mining Company belonging to billionaire Alisher Usmanov has started building a plant on the Udokan copper deposit and plans to launch the first $2.1-billion stage in 2022, the company said in a statement on September 5. The annual capacity is planned at 12 million tons of ore and can rise later to 48 million…Details
Under the contract with ArcelorMittal, Energomashspetsstal has supplied 250 tons of finished metal products to Kazakhstan. The batch consisted of 10 units of bulk and heavyweight products. In particular, for ArcelorMittal Temirtau EMSS has produced 6 slag ladles with the volume of 16 cubic meters and 4 supporting rolls for the hot- and cold-rolling mills.…Details
In July world pig iron output grew by 6% YoY, to 107.767 million tons, according to World Steel Association. As usual, China is leading with 67.515 million tons. Ukraine produced 1.767 million tons of pig iron, securing the 9th place, followed by Taiwan with 1.3 million tons. In August Ukraine produced 1.733 million tons of…Details
In August, according to railroad statistics, deliveries (including imports) of steel products (rolled metal and pipes) to the bases of the major Russian trade enterprises and networks totaled 0.86 million tons.
This is up by 13.9% YoY.
In 8 months deliveries fell by 0.9% YoY, to 7.2 million tons. (Ukrainian metal)
In August 1.43 million tons of metal were delivered via railroad to the major Russian metal and pipe works.
According to the railroad statistics, this is the increase of 17.6% YoY.
In January-August metal deliveries reached 8.8 million tons, up by 3.4% YoY. (Ukrainian metal)
In August Russian metal companies shipped 5.15 million tons of metal via railroad, up by 3.5% YoY. Sales to domestic market dropped by 5.9%, to 3.02 million tons, while exports grew by 20.6%, to 2.13 million tons. In January-August metal sales via railroad reached 42.8 million tons, up by 5.3% YoY, with local deliveries up…Details
In August 6.42 million tons of ferrous metals were transported via railroads, up by 7.8% YoY. Deliveries to the domestic market totaled 3.7 million tons, up by 0.1%, with exports up by 28.4%, to 2.29 million tons, but imports down by 16.2%, to 335.8 thousand tons. In January-August transportation reached 52 million tons, up by…Details
A new horizontal curing line valued at 123 million rubles has been assembled at the cable shop of Electrocable. It will increase control and ship cable output by 10-20%. Annually Electrocable produced over 2.5 thousand ship and cargo cables in coating without halogens. All the products are approved by the Russian River Register and Russian…Details
Severstal – Bar Works Balakovo has shipped the 3-millioth ton of metal. The anniversary ton consisting of rebars No. 16 was shipped to the A Group metal trader in Moscow region. The bars manufactured in Balakovo are supplied via metal traders and Severstal Distribution for the construction of a number of projects all over Russia.…Details
Chelyabinsk Iron and Steel Works has expanded the size portfolio of its I-beam used in construction. In particular, the company rail and beam mill has started producing the 16B2 beam. ChMK has certificates for the complete I-beam range according to the new GOST in effect since May 1. At present the company can produce over 60…Details
The department of the inner market protection of the Eurasian Economic Committee reports the start of the antidumping investigation on hot-deformed seamless pipes of corrosion-resistant steel produced by China and imported into EAEU. The investigation has been initiated at the request of major Russian pipe enterprises. At present antidumping duties are imposed by EU and…Details
In August Yuzhniy Mining and Processing Works produced 1038.9 thousand tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output dropped by 36.2%, to 104.6 thousand tons. In January-August UGOK produced 8143.5 thousand tons of concentrate and 1055.7 thousand tons of sinter, down by 0.3% and by 12.8% YoY respectively. In…Details
The prices of some precious metals decreased in Azerbaijan on September 5, according to the data published by the Central Bank. The price of gold dropped by 10.5825 manats, to 2,029.0265 manats per ounce on September 5, compared to the price on September 4. The price of silver fell by 0.5654 manats, to 24.0524 manats…Details
On August 27 Verkhnevolzhsky Service Metal Center opened a warehouse of coil steel with the size of 2625 square meters. The warehouse can accommodate up to 1810 coils, which completely meets the manufacturing capacities of the company. To service the clients the new site has two bridge cranes with the lifting capacity of 16 tons.…Details
The largest receivers of VAT among metal companies in August were Azovstal and Mariupol Ilyich Iron and Steel Works – 687.2 million UAH (636.6 million UAH in July) and 557.8 million UAH (908.9 million UAH) respectively. Zaporizhstal received 423.2 million UAH (562.9 million UAH), while ArcelorMittal Kriviy Rih – 375.8 million UAH (992.8 million UAH).…Details
In January-July Ferrexpo exported 5.768 million tons of iron ore pellets. In particular PGOK exported 4.465 million tons and EGOK – 1.303 million tons. Karelsky Okatysh (Russia) exported 3.239 million tons of pellets. Metinvest exports totaled 2.979 million tons, including CGOK – 1.348 million tons and SevGOK – 1.631 million tons. Metalloinvest (Russia) exported 2.353…Details
Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…Details
Caljan Rite-Hite, which produces loading transporters and elevators, has purchased the mechanical shop of the Liepājas metalurgs. There the company intends to assemble its own manufacture. According to company director Gatis Dradeika, the negotiations with the Citadele bank on the purchase were long and complex, as they involved a third party – the state. Caljan…Details