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…
In 2019 DTEK Pavlogradugol received a net loss of 6.72 billion UAH, up by 11% YoY. Revenue reached 30.9 billion UAH, down from 36.9 billion UAH in 2019. Pavlogradugol is the largest coalmining enterprise in DTEK. DTEK accounts for 90% of power-generating coal mining in Ukraine. (Ukrainian metal)
In January-February Ukraine exported 507.4 thousand tons of pig iron valued at $153.1 million, down by 0.7% and by 8.1% YoY respectively. According to the State Tax Service, 163.3 thousand tons of pig iron were exported in February, down by 52% MoM. The main customers were China (38.52%), USA (35.11%) and Turkey (9.49%). In 2…