Russia: Krasniy Octyabr and ZEMZ developing cooperation

Since April Krasniy Octyabr Volgograd Iron and Steel Works has started receiving the billets for rerolling from Zlatoust Electrometallurgical Works. This will allow the sheet-rolling shop of VMK to quickly and in full provide for fulfilling orders. In January-February Krasniy Octyabr received some 600 tons of slabs from ZEMZ. (Ukrainian metal)

Russia: VIZ-Stal sales up in Q1 2018

In January-March VIZ-Stal increased metal output by 10% YoY, to 43 thousand tons. The company capacities were 99% loaded. Transformer steel sales grew by 13%, to 41 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. The key destinations were…

Russia: Rusal to fire 10-15% of employees

Following the US sanctions, as early as in June Rusal could decrease the number of its employees at Bratsk and Irkutsk Aluminum Works by 10-15%. This will happen if the company fails to sell in China all the aluminum previously exported to other destinations. The main sales markets for Rusal are EU (45%), while US,…