Russia: Q1 2019 NLMK Group Trading update

NLMK Group has published today its preliminary Q1 2019 operating results. Steel output decreased by 4% QoQ, to 4.2 million tons due to the overhauls at the Russian sites and seasonal factors. A 3% YoY steel output reduction is also due to the overhauls in Q1. Steel capacity utilization remained high at 96% (-2%). Sales…

Ukraine: industrial giant to enter Azerbaijani mining market

The Ukrainian company Tekhnomash is interested in supplying mining equipment to the Azerbaijani market, Azerbaijan Export and Investment Promotion Organization (AZPROMO) reported. The company is engaged in the production of magnetic declarators, tippers, cargo and passenger railcars, closures, classifiers and other equipment, as well as spare parts for them. Currently, Tekhnomash exports its products to…