The London Metal Exchange three-month copper price increased during morning trading on Wednesday September 4, paring back the bulk of Tuesday’s losses, while high turnover also drove tin’s outright price higher. Copper futures improved by some 1.6%, trading at an intra-morning high of $5,700 per tonne, while around 5,500 lots had been exchanged by 9am…
The office of the large taxpayers is trying to recover 109.4 million UAH of debt from the state coal company Krasnolimanskaya. The Donetsk district administration court registered the corresponding claim on August 21. According to the State Fiscal Service, as of March 25 the company debt totaled 486.4 million UAH. In May a part of…
Beloretsk Iron and Steel Works has for the first time certified its welding wire for the welding of metal structures of lifting, transport, mining and metallurgical machinery. In particular, the welding wire with the diameter of 3 mm has been certified at the request of Uralmashzavod, the largest machine-building enterprise in Russia. The inspection of…
Uskovskaya mine, a part of Raspadskaya, has commissioned a new 50-22 long face with the reserves of 1.638 million tons of coal. The length of the long face is 1700 meters. In order to prepare it for operation some 9 km of excavations have been carried out. The long face will be in development until…
Izhstal has received a positive report of international auditors on the efficiency of its quality management system, which increases the company competitiveness on the Russian and foreign markets. The audit has been carried out by TUV SUD. The company specialists have inspected electric arc and rolling shops, the material purchasing process, personnel management system, etc,…
Mechel-Service has supplied over 800 tons of rebars for the construction of a unique plant in Sysert, Sverdlovsk region. This is the first plant in Russia for the past 20 years. The plant has been added to a list of priority projects in Sverdlovsk region and will become a part of a waste-free construction materials…
In June Russia exported 26.8 thousand tons of ferrosilicon, up by 1% MoM, but down by 47.2% YoY. Deliveries to Japan grew 1.5-fold, to 12.1 thousand tons, but to the Netherlands dropped by 39%, to 4.9 thousand tons, and to Korea – by 3%, to 2.4 thousand tons. In H1 ferrosilicon exports totaled 187 thousand…
Zaporizhstal CEO Rostislav Shurma supports the Chinese experience in high tech development, especially in the sphere of logistics as a tool to decrease corruption. He has visited the Yangshan Deepwater Port and called it a “port from the future”. “China has built a port with the capacity of 20 million TEU on an artificial island…
