The Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…
Under an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…
Moody’s has increased Metinvest B.V. rating to B3 with stable outlook. According to the experts, the company rating reflects its integrated business model. In H1 2018 Metinvest provided itself with 287% of iron ore, 145% of coke and 38% of coking coal. The agency has also taken into account the debt refinancing of $2.271 billion…