Kyshtym Electrolytic Copper Plant has started modernizing the copper electrolysis shop. The capacity of the new shop, to be commissioned in 2021, will be 230 thousand tons of cathodes per year. Investments will amount to $60 million. The work is divided in two stages: the first will have been commissioned by May 2020, and the…
In June local demand for ferrous metals showed a positive dynamics of 0.6% YoY. Unfavorable world market situation negatively affected the exports, which fell by 18.3%. At the same time the local demand for non-ferrous metals dropped sharply – by 22.7%. Rusal decreased exports by 16.7%, but since the start of the year increased them…
Severstal board of directors has recommended paying dividend for April-June in the amount of 26.72 rubles per share. The voting on the dividends will be held at the extraordinary shareholders meeting on September 6. If the shareholders approve dividend payment, the date to set the list of shareholders to receive dividends will be September 17.…
The Ukrainian arm of the world’s biggest steelmaker said that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelensky criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny, as reported by…
The mining industry of Tajikistan has a good mineral resource base, the volume of which is sufficient to ensure the development of the industry for the long term. Although the current indicators of the extractive industries are relatively modest, in the long term, this sector may become the leader in the Tajik economy. The enterprises…
In January-June state coalmining enterprises decreased power-generating coal extraction by 24.5%, to 1.45 million tons. According to the Ministry of the energy and coal industry, state mines increased coking coal output by 65.5%, to 399.5 thousand tons. As a whole, state mines decreased coal extraction by 14.5%, to 1.85 million tons. In H1 coal enterprises…
In January-May pipe exports from Russia decreased by 44% YoY, to 691 thousand tons. According to the Federal Customs Statistics, in monetary terms exports fell by 56.3%, to $619 million. Kazakhstan was the main purchaser, accounting for 28%, up by 44%. It was followed by the US (22%, up 2-fold), and Belarus (14.5%, up by…
In May Russia decreased semi-finished steel products exports by 17.6% MoM and by 18.2% YoY, to 1.12 million tons. According to the Federal Customs Statistics, in January-May exports dropped by 5.6% YoY, to 6.42 million tons, valued at $2.798 billion, down by 18.5%. Taiwan accounted for 23% of all purchases, down by 5.8%. Average price…