Ukraine: Interpipe to import scrap

Interpipe may start importing scrap to cover the shortage on the local market. “So far we see only one option – long-term imports”, the company CFO Denis Morozov said. “At the same time, unfortunately, Ukrainian infrastructure is not ready for scrap imports – neither ports, nor railroad”, he added. Scrap is the main raw material…

Kazakhstan: gold production up in January-February 2019

Production of unwrought gold and semi-processed gold or in powder form reached 14,315 kg in January-February, up by 5% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports.

In the accounting period output of unwrought and semi-processed silver or in the powder form made 128,576 kg, down by 5.1%. (Kazinform/Ukrainian metal)

Russia: Polymetal to develop platinum deposit in Karelia in 2025

Polymetal Int will start extracting platinum at the Viksha deposit in Karelia in 2025.

Investments in the deposit are estimated at $500 million.

The development is expected to last for 30 years.

Polymetal bought the Viksha in 2012. And it became its first platinum group deposit. (Ukrainian metal)

Russia: Tagmet losses up in 2018

For the third year in a row Taganrog Iron and Steel Works has been receiving losses. Thus, in 2018 Tagmet net losses amounted to 2.139 billion rubles, up by 15% YoY. In 2017 the losses exceeded 1.86 billion rubles, and in 2016 – 885 million rubles. In 2012-2015 the company was seeing profit. Last year…

Russia: NLMK Group localizes Steeluniversity

NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…

Russia: NLMK Board approves AGM agenda

The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…