This year Severstal intends to supply over 170 thousand tons of metal to the manufacturers of refrigerators, washing machines, gas ovens and industrial packaging. The deliveries will be carried out within contracts signed with enterprises both in Russia and the nearby foreign countries. For the packaging producers Severstal manufactures cold-rolled metal with improved strength characteristics.…
In January-April Azovstal produced 1.294 million tons of rolled metal, up by 2.5% YoY. Steel output dropped by 2.2% YoY, to 1.401 million tons, while that of pig iron grew by 4.8%, to 1.313 million tons. In April Azovstal produced 352 thousand tons of rolled metal, 376 thousand tons of steel and 326 thousand tons…
NLMK might be forced to shut down its American business, if US does not exclude the slabs from the list of goods affected by the duties. In March NLMK USA submitted a claim to the Department of Trade to exclude the slabs from the list. It claims that it will have to import slabs in…
In April Rusal works decreased aluminum exports by 70% MoM and by 68% YoY, to 76.7 thousand tons. In March the company experienced an export growth of 13% MoM. Despite the ease of sanctions, none has resumed cooperation with Rusal. But all the major works in Siberia are operating. At the same time the aluminum…
Following almost 26 hours of discussion, the representatives of the employer PJSC ArcelorMittal Kriviy Rih and labor collective, despite of disagreements, reached an agreement to create reconciliation commission for settling collective labor dispute, which was registered earlier with the order of National Mediation and Conciliation Service in Dnipropetrovsk region. The parties have agreed to delegate…
The prices of main precious metals increased in Azerbaijan on May 7, according to the data published by the Central Bank. The cost of gold increased by 5.933 manats, to 2237.5315 manats per troy ounce compared to the price on May 4. The cost of silver increased by 0.1588 manats, to 28.119 manats per ounce.…
Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, is increasing the salary of its employees by 25-30%. According to the company statement, the salary increase follows the order of the CEO Alexander Podkorytov. From April 1 the salary has been increased by 23%. (Ukrainian metal)
Last week the price of one ounce of gold in Azerbaijan decreased by 15.283 manats or by 0.68%. Accordingly, the average price of one ounce of gold stood at 2,232.4842 manats. The price of one ounce of silver decreased by 0.471 manats or by 0.17%, to 27.8553 manats. The price of one ounce of platinum…
