Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 billion rubles (approximately $48.305 million). According to one of them, company Rare Metals of Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds. Rare Metals of Siberia has a technology for primary raw…
The Ministry of economical development of Russia believes that in 2017 metal and metal wares output will grow by 1% YoY, with 1.6% and 1.8% growth forecast for 2018 and 2019. Rolled metal growth will be slower (less by 1%), but by 2019 Russia will be producing 61 million tons of rolled metal per year…
The total throughput of the Novorosiysk Sea Trade Port Group in January-November increased by 5.3% YoY, to 134.66 million tons. According to the company statement, iron ore raw materials transshipment increased by 39.1% YoY, to 2723 thousand tons, that of coal – by 17.8% YoY, or by 243 thousand tons, to 1608 thousand tons. Ferrous…
Danieli & C. Officine Meccaniche S.p.A (Italy) and Baku Steel Company (Azerbaijan) have signed an agreement to invest 1.225 billion euro into the creation of the new iron and steel complex of 5 works. “Sumgait will see the construction of 5 works in 3 years”, the economy minister Shakhin Mustafayev said. The project will create…
Major Ukrainian ferroalloy companies (Nikopol and Zaporozhye Ferro Alloy Works), as well as Ordzhonikidze and Marganets Mining and Processing Works, all parts of the Privat Group, continue operating according to their manufacturing plans. Earlier due to the nationalization of PrivatBank the companies accounts were blocked. PrivatBank also managed Stakhanov Ferroalloys Plant, ZZF, MGOK and OGOK…
In January-November Ukrainian metal companies consumed 1.55 billion cubic meters of gas, down by 16% YoY. Average daily gas consumption totaled 4.6 million cubic meters against 5.5 million in January-November 2015. At the same time in November gas consumption increased by 10 million cubic meters MoM, to 155 million cubic meters. Average daily consumption totaled…
In January-October Ukraine sold 1387.6 billion UAH of products and services, up by 14.8% YoY, with 376.3 billion UAH exported. According to the State Statistics Service, metal and metal wares manufacture accounted for 17.6% of the total sales volume, mining – 13.1%. In October mining sales volume went up by 19.5% YoY, in particular, by…
In January-November the network of Russian Railways loaded 1.117 billion tons, up by 0.6% YoY, the company’s press center says. In the reporting period the railways shipped 297.6 million tons of coal, up by 1.6% YoY; 10.7 million tons of coke, up by 4.6% YoY; 100.5 million tons of iron and manganese ores, up by…