In January, Russia exported 1.4 thousand tons of raw chrome, down by 11% MoM, but up by 19% YoY. Price dropped by 6%, to $5.8 per kg. Deliveries to the Netherlands fell by 18%, to 768 tons, and to the USA – by 5%, to 453 tons. In 2019, exports totaled 19 thousand tons, unchanged…
Cherepovets Iron and Steel Works is mastering the manufacture of galvanized plates of high-strength steel grades. This product is in demand from European and domestic manufacturers of metal structures. Since April 2019, CherMK has been operating a continuous hot-dip galvanizing machine No. 4, which produces cold-rolled galvanized sheet, as well as hot-rolled etched galvanized sheet…
Metals Consulting International Limited (MCI), the independent iron and steel sector management consulting firm, announces the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and Eastern…
A global crisis, generated by the pandemic of a new type of the coronavirus, is the hardest one since the World War II, as declared recently by Antonio Guterres, U.N. Secretary-General. The epidemic disturbed a regular lifestyle and a business rhythm both in small towns and the largest capitals of the world. Everybody suffered –…
In March, Zaporizhstal produced 355.8 thousand tons of pig iron, 300.8 thousand tons of steel and 233.6 thousand tons of rolled metal, all down by 8.1%, 15.5% and 21.8% YoY respectively. The decrease is due to a number of capital repairs of the blast furnace No. 5, as well as mills 1150 and 1680. In…
In January, Russia exported 1.9 thousand tons of titanium, down by 29% MoM and by 13% YoY. Price grew by 9%, to $23 per kg. Deliveries to USA decreased from 929 tons to 490 tons, and to Germany – from 621 tons to 461 tons. In 2019, exports totaled 28.5 thousand tons, unchanged YoY. (Ukrainian…
Novo-Shirokinsky Mine, a part of Highland Gold Mining, developing the polymetal deposit of the same name in Zabaikalye region, in 2019 increased net profit 1.5-fold, to 3.8 billion rubles. Sales revenue grew by 15.7%, to 8.2 billion rubles, and sales profit – by 14%, to 4.8 billion rubles. Output decreased by 5%, to 106.784 thousand…
President of Norilsk Nickel, Vladimir Potanin, has suggested shareholders postpone paying dividends this year due to a crisis. Rusal, the largest shareholder, has not supported this. “Of course, shareholders like dividends. But when there is a choice between increased dividends and investments in strategic development, 75% of minor shareholders choose investments. During crisis it is…