PAO Severstal, one of the world’s leading steel and steel-related mining companies, has completed the acquisition of 100% of the shares of Sintez-CIP Ltd and Sintez PP Ltd, the owners of the only producer and supplier of carbonyl iron powders in Russia and the CIS region. Sintez-CIP will become a part of Severstal’s metalware manufacture…
The net profit of Russian aluminum giant UC RUSAL fell by 44.5%, to $960 million in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on March 13. The adjusted net loss amounted to $270 million after an adjusted net profit of $856 million a year ago. Revenue fell…
Mechel, one of the leading Russian mining and metals companies, reports launching two upgraded key facilities at Chelyabinsk Iron and Steel Works (part of Mechel Group) – blast furnace No. 4 and converter o. 1. Investment totaled 4.5 billion rubles. Presidential Plenipotentiary Representative in Russia’s Urals Federal District Nikolai Tsukanov, Chelyabinsk region’s governor Alexei Texler,…
In January-February Ukraine imported $15.338 million worth of copper and copper wares, down by 2.1% YoY. According to the State Tax Service, exports dropped by 15.9%, to $9.814 million. In February Ukraine imported $8.45 million worth of copper and wares and exported – $5.895 million. Nickel imports decreased by 11.3%, to $14.008 million ($6.034 million…
Fitch Solutions forecasts a considerable increase in global gold output in short-term. According to the analysts, Russia could outrun China and become the largest gold producer in the world until 2029. Domestic demand for gold will provide for the further increase in speed of gold mining. The output is expected to grow from 11.3 million…
Severstal has taken part in the XXI international construction exhibition UzBuild-2020 in Uzbekistan, which has attracted some 400 companies from 25 countries. The group has been present on the Uzbek market since 1965. Now Severstal supplies over 150 thousand tons of rolled metal and metal wares to construction and automobile industry customers in the country.…
In January Russia imported 430.7 thousand tons of ferrous metals, up by 6.3% YoY, but down by 7% MoM. According to the Federal Customs Service, imports without pig iron, ferroalloys, wastes and scrap totaled 356.2 thousand tons, up by 6.9% YoY. Imports of pipes dropped by 22%, to 41.1 thousand tons. (Ukrainian metal)
Due to the weakening of the rubles rate and the overall situation on the metal wares market, the Metal Ware Trading Company is increasing prices for all Chinese wares by 7%. Prices for Belarus and Russian wares are also growing: for ordinary and self-tapping screws, DIN screws and finishing nails – by 7%, and for…
