The prices of some precious metals decreased in Azerbaijan on September 5, according to the data published by the Central Bank. The price of gold dropped by 10.5825 manats, to 2,029.0265 manats per ounce on September 5, compared to the price on September 4. The price of silver fell by 0.5654 manats, to 24.0524 manats…
On August 27 Verkhnevolzhsky Service Metal Center opened a warehouse of coil steel with the size of 2625 square meters. The warehouse can accommodate up to 1810 coils, which completely meets the manufacturing capacities of the company. To service the clients the new site has two bridge cranes with the lifting capacity of 16 tons.…
The largest receivers of VAT among metal companies in August were Azovstal and Mariupol Ilyich Iron and Steel Works – 687.2 million UAH (636.6 million UAH in July) and 557.8 million UAH (908.9 million UAH) respectively. Zaporizhstal received 423.2 million UAH (562.9 million UAH), while ArcelorMittal Kriviy Rih – 375.8 million UAH (992.8 million UAH).…
In January-July Ferrexpo exported 5.768 million tons of iron ore pellets. In particular PGOK exported 4.465 million tons and EGOK – 1.303 million tons. Karelsky Okatysh (Russia) exported 3.239 million tons of pellets. Metinvest exports totaled 2.979 million tons, including CGOK – 1.348 million tons and SevGOK – 1.631 million tons. Metalloinvest (Russia) exported 2.353…
Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…
Caljan Rite-Hite, which produces loading transporters and elevators, has purchased the mechanical shop of the Liepājas metalurgs. There the company intends to assemble its own manufacture. According to company director Gatis Dradeika, the negotiations with the Citadele bank on the purchase were long and complex, as they involved a third party – the state. Caljan…
In August Ukraine decreased steel production by 0.5% MoM, to 1.806 million tons. Pig iron manufacture dropped by 2%, to 1.733 million tons, while that of rolled metal grew by 1%, to 1.515 million tons. In January-August Ukraine produced 14 million tons of steel, 13.65 million tons of pig iron and 12.27 million tons of…
Energomashspetsstal has fulfilled another order of LASCO Umformtechnik GmbH by supplying a bulk hammer frame to Germany. According to the agreement, the billet weighing 61 tons was processed at EMSS and shipped in August. So far this is the 16th hammer frame produced by EMSS for LASCO. The companies have been cooperating for over 9…