Russia: ChTPZ and TMK pipes demand falling

In 2017 the market of large diameter pipes saw a considerable fall. Chelyabinsk Pipe Works and Pipe Metallurgical Company were left almost without orders. According to ChTPZ, the demand for LDP (530 to 1420 mm) decreased by 25%. In 2016 Russia sold 2.1 million tons of pipes, while in 2017 – 1.6 million tons. Analysts…

Russia: Irkutsk region gold output up in Q1 2018

In January-March Irkutsk region yielded 3259.2 kg of gold, up by 34% YoY. Ore gold accounted for 3258.6 kg. In particular, Polyus Verninskoye extracted 1605.8 kg, Vysochaishiy – 1102 kg, Druza LLC – 180.8 kg and Ugakhan LLC – 370 kg. Alluvial gold output totaled 0.6 kg, all obtained by Lenzoloto enterprises. In January-February gold…