Russia: metal exports down in 2017

According to the customs statistics, in 2017 Russia decreased ferrous metals exports by 2.2% YoY, to 42.4 million tons, valued at $18.76 billion, up by 33%. The share of metal exports to far foreign countries grew to 10.2% from 9.8%. Export volumes dropped by 2%, but increased by 28.8% money-wise. Aluminum exports decreased by 4.3%,…

Armenia: investments in metal deposits at $235 million in 2017

In 2017 companies developing metallic deposits invested $235 million in the operation.

In the next 3 years some 3 billion drams more will be invested in the field.

Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)

Russia: MMK-Metiz to increase minimal salary

MMK-Metiz is going to increase the size of the minimal salary.

As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%.

The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)

Ukraine: ZZF oil transformer catches fire

An oil transformer with cables caught fire on the territory of the Zaporozhye Ferro Alloys Plant.

Some 28 firefighters and 7 units of special machinery were engaged in extinguishing the fire.

The fire appeared on the area of 25 square meters.

The reason of the fire is unknown as yet. (Ukrainian metal)