Ukraine: Interpipe negotiating debt restructuring

Interpipe is conducting negotiations with its creditors on restructuring its $1.25 billion debts. “The negotiations are underway. We have officially stated our suggestions on restructuring. Our creditors are thinking. They are gathering together and discussing our offers”, the company CFO Denis Morozov said on the sidelines of InnoTrans-2018 in Germany. He noted that there were…

Russia: corrosion-resistant scrap exports up in July 2018

In July, according to the customs statistics, Russia exported 10.5 thousand tons of corrosion-resistant steel scrap valued at $12 million, up by 20.4% and 1.5-fold YoY respectively.

In January-July exports grew by 41.8%, to 65 thousand tons valued at $71 million, up by 60%.

75% of the volume accounted for 8% nickel-containing scrap. (Ukrainian metal)

Ukraine: iron ore exports up in August 2018

In August Ukraine exported $256.639 million worth of iron ore, up by 29% YoY. Imports grew by 8.3%, to $0.013 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore was China ($58.285 million). In January-August Ukraine exported $1879.874 million worth of iron ore, up by 7.8% YoY, while imports fell…

Russia: MMK develops first program-controlled RPA robot

Magnitogorsk Iron and Steel Works (MMK) Group has developed its first program-controlled robot capable of executing the functions of an employee working on a computer. The robot was created by MMK Infoservice’s (a part of MMK Group) Center for RPA and Innovation based on innovative RPA (Robotic Process Automation) technology. The robot, which has already…

Russia: Novex Trading renamed NLMK Trading

NLMK Group announces that Novex Trading S.A. has been renamed NLMK Trading.

The name and corporate identity of the trading company that supplies NLMK products to the global market were aligned with NLMK Group’s brand.

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. (NLMK/Ukrainian metal)

Kazakhstan: gold output up in January-August 2018

In January-August Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 11.6% YoY, to 62,251 kg, the Statistics Committee of the Kazakh Ministry of National Economy reported. In the accounting period, the production of raw silver and semi-processed silver, or in powder form, reached 638,640 kg, down by 11%. (Kazinform/Ukrainian…

Russia: gold mine collapses in Chelyabinsk region

The Tsentralnaya gold mine in Chelyabinsk Region operated by gold producer UGC, also known as Uzhuralzoloto, collapsed on September 19, killing one person, a spokesperson for the Emergency Ministry’s local branch reported.

The mine collapsed at the depth of 820 meters, when two people were working there.

Reasons are currently being investigated. (Prime/Ukrainian metal)