Russian aluminum giant RUSAL has suspended shipments of aluminum using facilities of container shipping company TransContainer, the operator’s CEO Pyotr Baskakov declared on April 17. “RUSAL doesn’t know yet what is happening so has suspended all shipments. We have delivered about 700 containers of the planned 3,000 per month. Export deliveries have stopped. This does…
Gold output of precious metals producer Polymetal International increased by 8% YoY, to 214,000 ounces, while silver production decreased by 3%, to 6 million ounces in January-March, the company said in a statement on April 18. Total output in gold equivalent grew by 5%, to 295,000 ounces in the period. Revenue went up by 19%,…
The prices of the main precious metals varied on April 18, according to the data published by the Central Bank. The cost of gold decreased by 1.7765 manats, to 2284.086 manats per troy ounce compared to the price on April 17. The cost of silver increased by 0.1269 manats, to 28.4471 manats per ounce. The…
In February, according to the customs statistics, Russia exported 1.16 million tons of semi-finished non-alloyed steel products, down by 2% MoM and by 7.8% YoY. In January the results were down by 13.8%, but up by 2.4% respectively. In January-February exports reached 2.34 million tons, down by 2.9% YoY. Taiwan imported the most – 20%,…
Vorkutaugol, one of the largest coalmining companies in Russia, has purchased the Ostroj mechanized anchoring for its Zapolyarnaya mine. The cost of the investment project is over 500 million rubles. The enterprise will receive 110 sections of the Czech anchoring. The first two batches were delivered to Vorkuta in April. The commissioning of the anchoring…
In January-March Poluys increased gold output by 13% YoY, to 507 thousand ounces. At the same time the output dropped from 580 thousand ounces in October-December 2017 due to the decrease in alluvial manufacture. Ore output reached 8.821 million tons, down by 12% QoQ, but up by 2% YoY. Sales revenue totaled $608 million, down…
In January-March Russia produced 15.4 million tons of rolled metal, up by 2% YoY. In March output grew by 12.5% MoM, but dropped by 0.3% YoY. According to the Federal Service of State Statistics, pig iron manufacture totaled 13 million tons, up by 0.2% YoY. In March output decreased by 2.2% YoY, but grew by…
The high level of world prices allowed Severstal to demonstrate flexibility of distribution channels and increase exports in Q1. “We expect the increase of steel demand in 2018. In 2017 the demand grew by some 5% in Russia, and this year it could grow by 2.6% more, following the GDP increase and the restoration of…