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In Q2 the demand for the Copper Pipe Works products increased by 25% YoY. So far the company has orders up until October. The company products are in demand not only in Russia, but abroad as well. (Ukrainian metal)
DetailsThe ministry of economic development of Chelyabinsk region and MMK-Metiz have concluded an agreement on the “Modernization of metal wares manufacture” project aimed at producing 39 billion rubles worth of wares by 2025. Under the contract MMK-Metiz will invest not less that 2.9 billion rubles into the project, produce and sell at least 39 billion…
DetailsIn January-June Ukraine mined 18.435 million tons of coal, down by 2.9% YoY, or by 556.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.7%, or by 1.11 million tons, to 3.387 million tons, while that of power-generating coal increased by 3.8%, or by 555.4 thousand tons,…
DetailsPJSC Magnitogorsk Iron and Steel Works has commissioned the continuous hot-dip galvanizing unit No. 3. The unit will increase MMK’s capacity for the production of galvanized steel by almost 20%, to more than 2 million tons a year. The unit is designed to produce zinc-coated products through the hot-dip galvanizing of cold-rolled, thin-sheet, low-carbon steel.…
DetailsIn Q2 2017, NLMK Group sales grew by 13% QoQ and by 5% YoY, to 4.2 million tons. Steel output totaled 4.1 million tons (-2% QoQ), with facilities running at 98% capacity. Group sales grew driven by the seasonal uptick in sales of finished products in the Russian market. Finished product sales increased by 19%,…
DetailsRoofing collapsed at the Mariupol Ilyich Iron and Steel Works, killing 3 employees. 4 employees were working at the construction site, when the roofing fell. Three people, including a woman, perished. One person was injured. The workers were repairing shop premises, when the roofing suddenly collapsed. Three people fell, and were hit by concrete slabs.…
DetailsIn June Yuzhniy Mining and Processing Works produced 997.4 thousand tons of concentrate, up by 12.8% YoY. According to the company statement, sinter output dropped by 9.3%, to 150.3 thousand tons. In January-June UGOK increased concentrate production by 12.5% YoY, to 6.082 million tons, sinter output fell by 3.2%, to 893.1 thousand tons. (Ukrainian metal)
DetailsIn January-June Sibcable processed 7.5 thousand tons of copper, up by 15.5% YoY. Aluminum processing reached 1.5 thousand tons, up by 48% YoY. Total metal consumption increased by 25% YoY. In H1 the company produced 18 thousand km of cables and wires. (Ukrainian metal)
DetailsIn January-June Magadan region yielded 11.7 tons of gold, including 7.2 tons of ore gold and 4.5 tons of alluvial gold. Silver output totaled 369 tons. Gold production increased by 41% YoY, with ore gold output up by 2.4 tons, and alluvial – by some 350 kg. Silver mining dropped by 12.5%. In the second…
DetailsIn January-June Kazakhstan mined 19.07 million tons of iron ore, up by 10.4% YoY. According to the Ministry of the national economy, copper ore output totaled 48.528 million tons, up by 36.3% YoY, gold-containing ore – 8.733 million tons, down by 1.8%, chromium concentrate – 2.208 million tons, up by 11.1%. Kazakhstan holds the 7th…
DetailsOn July 14 Andrey Yegorov was appointed the CEO of the pipe and sections works of Severstal in Sheksna. Previously he worked as the shop director there. In his new office Yegorov will go on improving production and realizing the investment program, in particular the construction of the automated complex to produce driven piles. Ilya…
DetailsIn January-June Siberia Coal and Power Company increased its net profits 3.4-fold YoY, to $322 million. The company earnings went up 1.5-fold, to $2.661 billion. Capital investments totaled $313 million, up 2-fold YoY. EBITDA increased 1.7-fold, to $716 million. Coal mining in 6 months reached 53.6 million tons, up by 1% YoY. Coal sales increased…
DetailsThe Verkhovnaya Rada of Ukraine has prolonged the scrap export duty of 30 euro per ton till September 15, 2018. The bill No. 6382 has been supported by 247 people’s deputies with the minimum required number of 226. According to the bill note, its goal is to regulate scrap export and decrease scrap shortage on…
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