In January-June Ukrainian metal makers supplied 1.312 million tons of rolled metal to the domestic market. In 6 months domestic market received 1.974 million tons of rolled metal, of which imports accounted for 661.8 thousand tons, or 33.5%. In H1 2018 domestic market received 2.081 million tons, including 653.3 thousand tons of imports, or 31.4%…
NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices. Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to…
Debt-ridden metals giant Mechel has suggested its creditor banks reschedule repayment of a 347.5-billion ruble body of the debt for two years to 2024-2026, Deputy Chairman of one of the key creditors, Sberbank, said on July 24. “Mechel sent an updated financial model to the banks in June and asked to reschedule core debt repayment…
Russian precious metals producer Polymetal International increased gold production by 35%, to 602 000 ounces, while silver output fell by 14%, to 11 million ounces in January-June, it said in a statement. “We expect our production volumes to be significantly higher in the second half of the year because of a seasonal fall of concentrate…
Board of Directors of Canadian gold mining company Centerra Gold Inc., the main shareholder of which is Kyrgyzaltyn OJSC, have approved of the decision to allocate $6 million for geological exploration at Kumtor mine. Additional investments in the amount of almost half a billion soms give a positive signal to the Kyrgyz economy that continued…
In May Russia exported 10.3 thousand tons of flat rolled aluminum, down by 10% MoM and by 6% YoY. In 5 months exports totaled 49.5 thousand tons, down by 0.6% YoY. In May deliveries to Germany dropped by 23%, to 30%. Finland accounts for 9.8% of the entire volume and US – 9.6%. In monetary…
In January-June Russia produced 25.6 million tons of pig iron, down by 1.4% YoY. Rolled metal output grew by 0.2%, to 30.8 million tons. Pipes, sections and fittings manufacture dropped by 1.2%, to 6.1 million tons. In June Russia decreased pig iron output by 3.1% YoY, but increased that of rolled metal and pipes –…
In May Russia imported 82.4 thousand tons of manganese ore and concentrate, down by 22.3% MoM and by 9.7% YoY. In 5 months imports dropped by 19.2%, to 389.8 thousand tons. Deliveries from the South Africa and Kazakhstan decreased by 25% and 28% respectively, to 51 and 13 thousand tons. In monetary terms since the…
