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…
In January-July Russia imported 26.8 thousand tons of corrosion-resistant steel pipes valued at $101 million, up 2.7-fold and 1.5-fold YoY respectively. According to the customs statistics, this is the highest result in the past years. The main supplier is Kazakhstan (57%), followed by China (22%) and Ukraine (6%). The main share in the imports falls…
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)
In January-July Russia imported 1.31 million tons of Ukrainian rolled metal and pipes, up by 37.4% YoY. According to the customs statistics, bars and sections account for 54%, in particular, construction rebars and wire rod for 51%, up by 71.8% and 4.3-fold respectively. Deliveries of flat rolled metal grew by 2.5%, to 34%. The share…
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…
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…
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)
The First Vice Prime Minister of Kyrgyzstan Kubatbek Boronov met with the President of Kumtor Gold Company, Daniel Desjardins, the Information Support Department of the Government of Kyrgyzstan reported. The parties discussed issues of the planned and production performance of Kumtor mine until the end of 2018. The First Vice Prime Minister noted that in…
