Zagorsky Pipe Works has for the first time received its credit rating. According to AKRA rating committee dated May 20, the company rating is “BBB+” with stable outlook. The decision is based on the company strong market position, low debt burden, moderate business profile and corporate management level. “We are satisfied with the debt to…
Gold, silver and platinum prices decreased in Azerbaijan on May 29 compared to the prices of May 27. The price of gold dropped by 9.044 manats, to 2,178.499 manats per ounce. The price of silver fell by 0.3852 manats, to 24.4726 manats per ounce. The price of platinum went down by 7.752 manats, to 1,358.963…
Rock mass caved-in in the Lesnaya mine of the state enterprise Lvivugol. 2 miners perished. The cave-in occurred at the depth of 242 meters. At the time of the accident 69 employees were in the mine, with 21 at the cave-in site. (Ukrainian metal)
In March, Kazakhstan increased exports of steel to Russia by 60% MoM, almost 2-fold compared with January, but decreased by 25% YoY, to 125.3 thousand tons. In Q1 deliveries dropped by 37% YoY, to 263 thousand tons. Alloyed flat steel accounted for 81% of all exports, down by 41.5%, including steel plates – 63%, down…
In March, according to the customs statistics, Russia imported 246.2 thousand tons of rolled steel and pipes from Ukraine, up by 12.7% MoM, by 24% compared with January, and by 11% YoY. In January-March imports grew by 16.7% YoY, to 663.1 thousand tons. Sections and bars accounted for 44% of the imports, including 47% of…
Russia is prepared to do anything to settle the issue of antidumping investigation on metal imports to Mexico. “We have drawn the attention of our Mexican colleagues to the situation with the ongoing antidumping investigation on our ferrous products. We have certain suggestions on what to do, and we’ll continue doing it”, deputy foreign minister…
In March, Yekaterinburg Non-Ferrous Metals Processing Works successfully passed its quality management system re-certification audit, carried out by TMS Rus LLC, an exclusive representative of the TÜV SÜD Management Service GmbH in the EAEU. The new ISO 9001:2015 certificate is valid until April 4, 2022. EZOTsM products have been certified since 1992, and the whole…
Karelsky Okatysh has completed a complex repair of its pelletizing machine No. 3 by replacing 150 meters of rails. The rails are used to transport trolleys with raw pellets to the machine. In order to free the old rails to be disassembled the company first had to remove 120 trolleys, weighing 10 tons each. The…