Russia: Electrozinc fires 1128 employees

According to the agreement on the shut down of the machinery, on May 31, Electrozinc cancelled labor agreements with 1128 employees.

In particular, 271 people resigned due to retirement, while 82 left they job upon the agreement between the parties.

All the employees received compensations. (Ukrainian metal)

Russia: Kuzbassrazrezugol to spend 1 billion rubles on the rolling stock

Krasnobrodskiy Coal Pit, a subsidiary of Kuzbassrazrezugol, has received two new TEM7A locomotives. The modernization of the rolling stock is provided for by the company railroad transport development program. Investments in the program in 2018-2019 exceed 1 billion rubles. The new locomotives will replace outdated OPE-1 models. As Kuzbassrazrezugol ships over 1.5 thousand railroad cars…

Russia: nickel exports down in Q1 2019

In January-March, Russia exported 31.2 thousand tons of raw nickel valued at $378 million.

Compared with Q1 2018, this is down by 7.2% and by 15.2% respectively.

In March the average price of nickel was $13104 per ton FOB Russian border, down by 1.8% YoY. (Ukrainian metal)

Russia: copper exports up in Q1 2019

In January-March, Russia exported 231.5 thousand tons of copper in primary forms as well as wire rod valued at $1409 million, up by 5.8%, but down by 5.9% YoY respectively. In March the average price of copper in primary forms was $6211 per ton FOB Russian border, down by 8.3%. Wire rod price was $6238…

Russia: Severstal rolled metal approved by Nissan

Severstal has been approved by Nissan Manufacturing RUS to supply its galvanized rolled metal of NST780X and NST980X grades. The company has confirmed its technical compliance with the client’s demands and received a right to supply metal for the mass production of Nissan cars in Russia. Moreover, under its large-scale reconstruction program Severstal has started…

Latvia: talks with investors on sale of KPV Liepājas metalurgs assets continue

Subsidiary of Privatization Agency of the Republic of Latvia SIA FeLM continues holding talks with investors on the sale of assets of insolvent metallurgical company KVV Liepājas metalurgs, says FeLM board chairman Jānis Rībens. “Talks continue with multiple investors. FeLM assesses offers from all investors, including offers regarding sale of separate assets. In accordance with…