In April railroads transported 6.7 million tons of ferrous metals, up by 9.8% YoY. Since the beginning of the year the railroad has transported 26.5 million tons of ferrous metals, up by 10.9% YoY. Domestic transportation in April grew by 25%, while exports remained on the previous year level. Russia increases consumption of steel sheet…
U.S. sanctions, imposed on Rusal in early April, threaten the payment of dividends by Norilsk Nickel of some $434 million. According to a recent position of OFAC, payment of dividends to an entity from the sanctions list will result in the secondary sanctions to the payer. Nornickel Board of Directors recommended the annual meeting of…
NLMK Group, a global steel company, opens access to an e-commerce website for SMEs. A hi-tech online marketplace is now available at https://nlmk.shop/. NLMK Group has been operating an e-commerce platform since 2012, based on the “Client-Info” RMS system. Access to the platform is open to large clients that have long-term established relations with NLMK.…
On May 31 Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon signed an order regarding the increase in salaries at the company from May 1. This way, the order issued on May 8 was amended and base salaries of the employees were revised upwards once again. This decision was made after the negotiations…
The prices of main precious metals decreased in Azerbaijan on June 1, according to the data published by the Central Bank. The cost of gold decreased by 7.9135 manats, to 2207.6965 manats per ounce in Azerbaijan compared to the price on May 31. The cost of silver decreased by 0.1683 manats, to 27.9256 manats per…
The aluminum empire of the Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, Reuters reported on May 31 citing En+ chairman Greg Barker. The U.S. Treasury in April imposed sanctions against billionaire Deripaska and…
In January-April Zapadnaya Mining and Ore Company mined 112 kg of ore gold at the Badran deposits in the Republic of Sakha (Yakutia). Silver output totaled 8.4 kg. Actually, this volume was obtained in 2 months, as in March the company did not mine. In late February the company license was revoked. By April Zapadnaya…
In April Russia produced 4.32 million tons of pig iron, down by 2.1% YoY (4.462 million tons in March). In January-April pig iron production totaled 17.28 million tons, down by 0.3% YoY. Ukraine increased pig iron output in April by 11.9% YoY, to 1.649 million tons (1.678 million tons), and by 9.8% YoY in 4…