Russia: metal exports down in June 2019

In June local demand for ferrous metals showed a positive dynamics of 0.6% YoY. Unfavorable world market situation negatively affected the exports, which fell by 18.3%. At the same time the local demand for non-ferrous metals dropped sharply – by 22.7%. Rusal decreased exports by 16.7%, but since the start of the year increased them…

Ukraine: AMKR searched by security service

The Ukrainian arm of the world’s biggest steelmaker said that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelensky criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny, as reported by…