In October Zaporozhogneupor increased molded refractories output by 20% YoY and non-molded – by 37%. According to the company statement, chamotte wares production went up by 10%, that of magnesia wares – by 16%, of high-aluminous wares – by 117% and of refractory concretes and masses – by 90%. In particular, in October Zaporozhogneupor produced…
Ukrzaliznytsia has finished reconstruction of the railroad route Kamysh-Zarya – Volnovakha. Now 23 pairs of cargo trains and 4 passenger trains will use it every day. This will allow Mariupol metal companies to increase output. According to Metinvest, Ukraine was losing some $1 billion of revenues per year because of the damaged railroad infrastructure. (Ukrainian…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 507 507 September 507 507 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
According to recently released data by the Russian Trade Statistics, pig iron exports by Russia during the month of July this year dropped significantly when compared with the exports during same month a year before. Also, the exports were down sharply when matched with the month before. Russia’s pig iron exports totaled 230,000 tons in…
Russian metals holding Metalloinvest plans to make an initial public offering (IPO) and is waiting for a good market environment, a spokesman for the company reported. “Metalloinvest is procedurally ready for the IPO in many respects and the degree of readiness will be even higher after the completion of the shareholder capital reorganization. The iron…
The key investment project of NLMK Group’s Strategy 2017 – the construction of a pelletizing plant at Stoilensky, – has been recognized as the 2016 Event of the Year in the Russian steel industry. Experts announced their findings at the Metal-Expo’2016 international exhibition. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, received the winner’s diploma…
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 581 652 September 559 635 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Investors from China and Qatar are considering filing a bid to buy a 25% stake in Russia’s largest gold producer Polyus from Polyus Gold International Ltd (PGIL), which owns 61.37% in the company. The parties have not yet reached any agreement on the matter. The stake is estimated at about $3.3 billion. Earlier PGIL was…