In January Ukraine increased revenue from ferrous metals exports by 33.4% YoY, to $873.35 million. According to the State Fiscal Service, ferrous metals accounted for 23.45% of the total exports in the period, up from 21.64% last January. In December 2017 revenue from ferrous metals exports totaled $817.37 million. At the same time ferrous metals…
Norilsk Nickel and Russian Platinum have signed an agreement on strategic partnership, which presupposes the creation by the end of the year of a joint venture to develop three deposits with the possible reserves of 70-100 tons of platinum group metals a year, which will make it one of the largest manufacturers. Each company will…
NLMK Group, an international steelmaking company with operations in Russia, the USA and the European Union, has begun hot testing of its new turbine generator unit No. 5 at its Cogeneration Plant in Lipetsk. Once commissioned the new generator, which has a capacity of 60 MW, will improve the reliability of the energy supply, reduce…
In 2017, 12.5 million tons of Kazakhstan coal were shipped for utility needs. “In 2017 coal production was higher by 8.3% than in 2016. 12.5 million tons were supplied for household and utility needs”, said Minister of Energy Kanat Bozumbayev when visiting Pavlodar region. According to Bozumbayev, in Kazakhstan there is a stable growth of…
Residents of Toguz-Toro district demand to stop construction of a gold processing plant, the head of the staff of the district administration Tabyldy Saminov reported. On February 7 residents of the district held a rally with one demand: to suspend the activities of GL Makmal Developing, which was building the gold processing plant. The protesters…
Volnogorsk Mining and Processing Works has ordered Energy Trade Group LLC the supply of natural gas valued at 149.01 million UAH. This year the company will supply 15.6 million cubic meters of gas valued at 9552 UAH per 1 thousand cubic meters. The price of the agreement is 0.4% below the expected cost of the…
This year steel consumption in EU is expected to grow by 1.9% YoY, just like last year. According to Eurofer, in 2019 growth demand for steel will drop to 1.4%. In 2017 steel imports to EU decreased by 1% because of the trade protection measures. Thus, imports from Ukraine dropped by 31%, from Russia –…
In 2017 Severstal delivered some 180 thousand tons of rolled metal to Russian manufacturers of household appliances and industrial packaging, up by 10% YoY. The increase has to do with the growth of the client base and consumption. “Deliveries to Russian manufacturers of household appliances increased last year by 33%, to 58 thousand tons. Having…