In August direct scrap deliveries to NLMK-Ural totaled 176 thousand tons. According to the railroad statistics, this is up by 4.1% YoY. In 8 months ferrous scrap deliveries reached 1.11 million tons, up by 2.3% YoY. (Ukrainian metal)
In August NLMK-Kaluga increased sales of metal via railroad by 2% YoY, to 91.8 thousand tons. In January-August the company sold 752.2 thousand tons of metal, up by 5.2% YoY. Sales to Russian customers accounted for 306.3 thousand tons, down by 1.8%, while exports grew by 10.5%, to 446 thousand tons. (Ukrainian metal)
The shares of Rusal at the opening of trade at Hong Kong stock exchanged fell by 6%. Rusal is preparing to decrease output because of the US sanctions. The term of business operations with Rusal expires on October 23. Deripaska’s representatives are in constant contact with the Department of Finances, but there is no evidence…
Ukrainian journalists tracked down former employees of the Crimean Titanium plant, who explained why a chemical disaster occurred. The reason lays in grave violations of the technology process to dispose of hazardous substances – leftovers of titanium production. “For three years, hydrolysis acid has been drained into settling reservoirs in full violation of technology,” ex-worker…
The prices of precious metals increased in Azerbaijan on September 11, according to the data published by the Central Bank. The price of gold grew by 1.4535 manats, to 2,029.7575 manats per ounce on September 11, compared to the price on September 10. The price of silver went up by 0.0665 manats, to 24.0502 manats…
Russian metals producer Norilsk Nickel has launched a $2.5-billion environment protection initiative Sulphur Project at one of the two planned facilities, the company said. The project was started on the Medny plant and will later be launched at the Nadezhdinsky smelter. (Prime/Ukrainian metal)
Russia’s Economic Development Ministry expects aluminum producer UC RUSAL to finish registration in a special administrative region in October, Minister Maxim Oreshkin declared on the sidelines of the Eastern Economic Forum on September 11. “The law will come into force soon, now all bylaws are being prepared, there will be some adjustments including legislative adjustments.…
China Minmetals Corporation subsidiary has asked the Arbitrary court of Chelyabinsk region to recover the debt from Chelyabinsk Iron and Steel Works under the contract to construct the rail and beam mill. The Chinese company is claiming $16.69 million and interest. At the same time ChMK has filed a counter claim because of the bad…