Ukraine: DZM appoints acting CEO

Dniepropetrovsk Metal Structures Works named after Babushkin has dismissed Rustem Asilgareev from the office of the general manager and appointed Helen Tarasenko acting CEO instead. Asilgareev has been in the office for 15 months. Tarasenko has been appointed for an indefinite term. Previously she worked as the financial director of the company. Neither owns company…

Ukraine: square billet prices to go up

The state enterprise Ukrpromvneshexpertisa (UPE) believes square billet prices (FOB Black Sea) in September will increase by $15-20 per ton MoM, to $335-340 per ton. The company analysts expect the increase in demand on European markets in September, as well as in Turkey and Near East due to the start of the autumn construction period.…

Ukraine: ore prices to fall

The state enterprise Ukrpromvneshexpertisa (UPE) believes iron ore raw materials prices in October (Australian Fe 62% ore CFR China) will drop below $50 per ton on the world market. “We’re not yet sure how long it will last – a week, 2 or 3, but the prices will be below $50”, said the company analyst…

Russia: first scandium oxide output at Rusal

Rusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…