In 2019, Blagoveschensk Fitting Works considerably increased the output of high-pressure large-diameter pipe fittings. The growth followed the increase of demand from local companies, which previously purchased foreign products. Last year BAZ mastered the manufacture of 40 types of high-pressure fittings. Output grew 7-fold, to 510 tons. (Ukrainian metal)
In November 2019, Russia imported 9.9 thousand tons of copper scrap and waste, up by 56% MoM and 4-fold YoY. Deliveries from Germany grew by 52%, to 2.4 thousand tons, and from Kyrgyzstan – by 45%, to 902 tons. In 11 months of 2019 imports totaled 70.2 thousand tons, up by 178% YoY. In monetary…
In November 2019, Russia exported 9.9 thousand tons of flat rolled aluminum, down by 2% MoM, but up by 25% YoY. Deliveries to Ukraine dropped by 44%, to 440 tons, and to Finland – by 3%, to 1 thousand tons. At the same time exports to USA grew 2-fold, to 1.5 thousand tons, while to…
NLMK Group has amended the terms for its EUR 250-million revolving credit facility. The financing costs of the facility will now be linked to the company’s sustainability performance that will be assessed by Sustainalytics, a provider of environmental, social and corporate governance research and ratings. The ESG rating change will result in the adjustment of…
In 2019, Irkutsk region extracted 25,257 kg of gold, up by 2% YoY. Polyus and Vysochaishiy contributed the most of the output. In particular, Polyus Verninskoye produced 7.902 kg of ore gold and Lenzoloto – 4,529 kg of alluvial gold. Vysochaishiy yielded 3,438 kg of gold and its daughter company Ugakhan LLC – 2,350 kg.…
Metallurgy remains one of the most investment-attractive spheres – it accounts for over 25 projects with the volume of investments on the level of 3 billion rubles each. Metal industry share in the Russian GDP is 5%, in industrial manufacture – 12% and in exports – more than 10%. The largest projects so far are…
In January, Almetievsk Pipe Works commissioned a covered warehouse to store finished products. The capacity of the warehouse is 7 thousand tons of pipes. The decision to construct such a warehouse was included in the priority plan following meetings with partners. Previously the company stored pipes in open warehouses, which could not provide full protection…
The authorities of Yugra have provided land plots for the construction of a Severstal and Tenaris joint venture to produce welded pipes. Severstal has started making project estimates, and until the end of the year will begin construction. The new works will create 500 jobs and will provide payments to the budget at the level…