Prices for gold, silver and platinum decreased, while the palladium prices increased in Azerbaijan on October 4, according to the data published by the Central Bank. The price of gold dropped by 16.065 manats, to 2,033.88 manats per ounce on October 4 compared to the price on October 3. The price of silver fell by…
Cherepovets Iron and Steel Works has entered an active phase of the blast furnace No. 3 construction. The foundation for the blast furnace has been laid. “The construction of the blast furnace complex is carried out without shutting down the manufacturing process. The specialists are also assembling conveyers to transport sinter”, Severstal Russian Steel CEO…
According to the Russian Railways information, in September cargo transportation totaled 104.5 million tons, up by 0.7% YoY. In January-September transportation grew by 2.7%, to 962.3 million tons. In particular, iron and manganese ore accounted for 86.5 million tons, up by 5% YoY. Ferrous metals transportation increased by 9.9%, to 58.8 million tons, and scrap…
The Interdepartmental commission on international trade has started an antidumping investigation on the import of some types of rolled metal with corrosion-resistant coating from Russia and China. According to the commission, the metal could have been supplied at dumping prices, damaging local manufacturers. In particular, in 2015-2017 imports from Russia and China grew by 51%.…
Ukrmetallurgprom is asking the government, law enforcers and the Ukrzaliznytsia to take measures to stop supplying Ukrainian scrap to Moldova Iron and Steel Works, situated in the unrecognized republic of Transnistria. “The level of scrap provision to local metal companies in August was 89% and in 8 months – 98%. That’s mostly due to the…
Shakta Uskovsksya LLC, representing Evraz, has won an auction to mine coal at the Uskovskiy site in Kemerovo region. The site was auctioned in August. The initial price was 620.3 million rubles. The company has the right to develop the site with the size of 29 square km for 20 years. As of January 1,…
NLMK Group, an international steel company, has topped the “People are the most valuable capital” nomination in the annual SAP Value Award for implementing an updated HR management system based on SAP Human Capital Management (SAP HCM) and SAP SuccessFactors cloud solution. The use of advanced technology solutions improved the quality and agility of management…
NLMK Group, an international steel company with operations in Russia, the US, and the EU, has topped the “Best Freight Shipper” nomination in the “Russian Railways – 15 Years Together” Award. The Award Ceremony took place in Sochi as part of the “PRO//Motion.1520” International Transport & Logistics Forum that marked the Russian Railways’ 15th anniversary.…
