Russia: Severstal Moody’s rating up

Moody’s has improved the long-term rating of Severstal from Ba1 to Baa3, and the outlook from stable to positive following the revision of the Russia rating. “We welcome the decision of Moody’s to review the Russia’s rating and improve that of Severstal. That the economic situation in the country is improving is seen by the…

Belarus: Rechitsa Metal Wares Works to increase fasteners output

In late 2017 Rechitsa Metal Wares Works put in operation a new site of the fasteners shop.

The following Taiwan mills have been assembled there: JBF-10В-3S and JTR-6H; JBF-13В-3SL and JTR-8H; JBF-13В-4S and JTR-8H; JBF-17В-4S and JTR-10H.

The commissioning of the new site will increase fasteners output. (Ukrainian metal)

Russia: SUMZ assets being demolished

The Sredneuralsky Copper-Smelting Works has started demolishing the main premises of the double superphosphate shop. The shop was put out of operation in February 2009. The size of the premises is 17 thousand square meters, it consists of 5 buildings, being demolished one after another. The demolition of the main premises started in summer of…

Russia: Marcegaglia Russia output up in 2017

Marcegaglia Russia strengthened its positions on the market of welded stainless steel pipes, having considerably increased output and sales in 2017.

According to the company statement, last year output grew by 42.5% YoY, to 13606 tons.

The company revenue showed a stable increase of 30.8%, to 34 million euros. (Ukrainian metal)