The shareholders of the Russian aluminum producer RUSAL voted for re-registration of the company to Russia from the Jersey Island at an extraordinary meeting on August 1, according to a statement on the Hong Kong Stock Exchange. After changing the jurisdiction, the company will attain an international status and will be able to carry foreign…
In January-June Ferrexpo received $270.35 million of net profit, up by 77.6% YoY. The growth is mostly due to the higher ore prices and the increase of sales. Revenue went up by 28%, to $787 million, and EBITDA – by 59%, to $372 million. (Ukrainian metal)
In July Ukraine produced 1.7 million tons of steel, up by 2.6% MoM. Pig iron output grew by 2.9%, to 1.57 million tons, but that of rolled metal dropped by 0.9%, to 1.49 million tons. In January-July Ukraine produced 12.64 million tons of steel, 11.82 million tons of pig iron and 10.97 million tons of…
Polymetal will continue looking for buyers for the Lichkvaz deposit, its last asset in Armenia. Chaarat Gold had a buy-back right, but decided against the purchase because of the high arsenic content in the ore. “This is a good asset. We consider the chances of selling it as high”, Polymetal said. Chaarat received the right…
In May Russia imported 13.3 thousand tons of ferrosilicomanganese, down by 32.4% MoM, but up by 22% YoY. Deliveries from Georgia dropped by 33%, to 7.4 thousand tons, but from Kazakhstan grew by 8%, to 3.8 thousand tons. In 5 months ferrosilicomanganese imports totaled 84.2 thousand tons, up by 17.3% YoY. In monetary terms since…
This year NLMK intends to finally decide on the construction of a transformer steel plant in India. According to the group CEO Grigoriy Fedorishin, investments are estimated at $100-150 million. Now NLMK is looking for a suitable site. The group can also carry out this project in Russia, but is more interested in India, to…
The center of metal products standardization and certification of the Central Research-Scientific Institute of the ferrous metallurgy named after Bardin has prepared the second edition of the draft national standard GOST R “Rolled plates of cryogenic steel”. The standard will be implemented for the first time. The document has been initiated by metal companies producing…
The throughput of Novorossiysk Sea Trade Port in January-May totaled 59.752 million tons, up by 2.2% YoY. Ferrous metals and pig iron accounted for 5.483 million tons, down by 1.5%. The drop is due among other things to the implementation of import duties in the US. Non-ferrous metals throughput dropped by 17.8%, to 0.354 million…
