Magnitogorsk Iron and Steel Works will take part in the Expert Group for the Development in Russia of Standards for the Implementation of Technology and Innovation. A unified methodology will increase demand for Russian technology and help boost Russian companies’ competitiveness. The standards will constitute recommendations on working with external innovations, along with other measures…Details
The prices of precious metals varied in Azerbaijan on September 12, according to the data published by the Central Bank. The price of gold decreased by 0.5355 manats, to 2,029.222 manats per ounce on September 12, compared to the price on September 11. The price of silver decreased by 0.0787 manats, to 23.9715 manats per…Details
In August Dneprospetsstal produced 20999 tons of steel, up by 3% MoM, and 14034 tons of rolled metal, up by 8.6%. The combined cost of the products manufactured in August totaled 849861 thousand UAH, up by 7.4%. In January-August the company produced 168808 tons of steel and 112359 tons of rolled metal, down by 1.9%…Details
In January-August Chukotka Autonomous District extracted 16.38 tons of gold, down by 5% YoY.
14.52 tons accounted for ore gold, with 1.86 tons provided by alluvial sites.
Silver output decreased by 15%, to 74.98 tons.
In January-August 2017 gold output was 17.18 tons and silver – 87.85 tons. (Ukrainian metal)
In August the Federal Cargo Company transported 1.3 million tons of metal in gondola cars, up by 17% YoY. “In Ural region MMK increased loading into gondola cars to 155 thousand tons. In North-West Izhorsky Pipe Works to 16.3 thousand tons. Rostov Electrometallurgical Works increased loading to 11 thousand tons”, the company director of department…Details
In August Zlatoust Electrometallurgical Works exceeded its manufacturing plans. In particular, the metallurgical manufacture surpassed the plan on steel production using vacuum arc remelting technique. Nickel-containing steel and alloys accounted for some 1400 tons. The company has also mastered the manufacture of slabs of corrosion-resistant heat-resistant steel. In August ZEMZ produced 4.876 thousand tons of…Details
In January-July Russia exported 27.452 million tons of ferrous metals, up by 13.5% YoY. According to the Federal Customs Service, the exports of ferrous metals without pig iron, ferroalloys, scrap and wastes totaled 17.904 million tons, up by 5.9%. The exports of semi-finished products of carbon steel reached 9.507 million tons, up by 14.8%, of…Details
Belarus Iron and Steel Works has manufactured a trial batch of new products – rebars of 8 mm diameter. Previously the company produced rebars with the diameter of 10 to 40 mm. The mastering of the new product has been dictated by the demand from customers. This year the company has received some 40 orders…Details
Employees of the Novovolynskaya Mine No. 9 have been striking for 10 days already because of the wage debts. Now they have made a strike near the Volynugol administration premises demanding the CEO to be fired. “In addition to the clearing of the salary debts they also insist on firing the acting CEO of the…Details
Russian gold producer Polyus has retained its gold output forecast for 2018 unchanged, CEO Pavel Grachyov declared. “Yes, I can confirm our forecast. We are approaching the upper limit of a 2.375-2.425 million ounces range in a comfortable manner. The plan for 2019 is 2.8 million ounces,” he said. The Natalka gold mine continues to…Details
Artyom Filipyev has been appointed General Legal Counsel of PJSC ArcelorMittal Kriviy Rih. He will be responsible for enforceability of PJSC ArcelorMittal Kriviy Rih within laws of Ukraine, protection of interests of the company in economy, land and property. Prior to new appointment, Artyom Filipyev worked on the position of the Legal Director, PrJSC Consumers-Sklo-Zorya…Details
Mining and processing works of Ukraine now stock 700 thousand tons of iron ore raw materials with the norm of 150 thousand tons due to the difficulties with shipping via railroad. In August the companies undersupplied $100 million worth of products. “In September the goal will not be reached, thus, the companies will have to…Details
Nordgold has put into operation a new mine – Gross – in Yakutia.
Investments in the mine are estimated at $250 million.
When the mine reaches its design capacity it will be extracting some 12 million tons of ore and producing 200 thousand ounces of gold per year for 17 years. (Ukrainian metal)
In June-August direct deliveries of rolled steel to the major metal servicing centers specializing in the manufacture of metal structures, totaled 594.5 thousand tons. According to the railroad statistics, this is up by 2.8% YoY. At the same time deliveries dropped by 5%, but grew by 20% and by 3% as compared with 2014, 2015…Details
In August direct deliveries of metal to the major enterprises of the oil and gas complex of Russia and to the construction sites of new oil and gas projects totaled 336.2 thousand tons. According to the railroad statistics, this is down by 21.2% YoY. In January-August deliveries reached 2.84 million tons, down by 12.1% YoY.…Details
In June-August steel deliveries to major metal traders totaled 2.71 million tons.
According to railroad statistics, this is up by 6.1% YoY.
At the same time deliveries grew by 24%, 14% and 2.6% compared with 2014, 2015 and 2016 respectively. (Ukrainian metal)
The board of directors of the Pipe Metal Company (TMK) has approved the buy back of the shares valued at $30 million. The project will be carried out in 2018-2019. The papers bought back will be kept by TMK. The company plans to buy back up to 29.3 million shares, or 7.3 million GDR. (Ukrainian…Details
ArcelorMittal Temirtau is reconstructing its hot-rolling mill-1700 in the sheet-rolling shop No. 1. The goal of the project is to replace outdated machinery and increase capacity. The machinery is supplied by Novokramatorsk Machine-Building Works (Ukraine). So far the company has shipped machinery for the second stage of repairs. Soon NKMZ specialists and AMT employees will…Details
Novorosmetal has announced the construction of a rolling plant near the town of Novorossijsk. According to the department of economical development of the town administration, 10.2 ha of land has been reserved for the plant. The company is expected to create 450 to 600 jobs. The Novorossijsk Rolling Plant LLC has already been created. The…Details
Ukraine’s exports in January-August of titanium ore and concentrate – a raw material used for titanium sponge production – grew by 3.1% YoY, to 419,030 tons, the state customs service reported. Revenue from exports of the commodity increased to $87.7 million from $66.2 million a year ago, the customs service said. In January-August Ukraine shipped…Details
In early September the DTEK Space Heroes Mine Group reported the yield of over 3 million tons of coal since the beginning of the year. In mid-August the mine named after Space Heroes reported mining of 2 million tons of coal. In early September the miners of the Blagodatnaya mine joined them with another million…Details
In January-July Russian imports grew by 11.8% YoY, to $136.9 billion. According to the customs statistics, the share of metal and metal wares was 7.3%, up from 7.1%. The share of far foreign countries was flat at 5.9%, while that of CIS countries went up to 18.5% from 16.3%. The monetary value of imports grew…Details
According to the customs statistics, in January-July Russian exports totaled $239.1 billion, up by 27.9% YoY. The share of metal and metal wares was 10.6% (up from 10.1%). The share of the far foreign countries grew from 9.7% to 10.2%, and of CIS from 12.3% to 13%. The monetary value of exports increased by 34.5%,…Details
Severstal Steel Decisions has completed the shipping of metal structures for the construction of an office building in the village of Ozeretskoye in Moscow region.
The total floor area of the building is 120 square meters.
The company has supplied 140 tons of metal structures. (Ukrainian metal)