The city of Taganrog has sold a land plot with the total area of 18 ha and the main assembly premises of the local car plant for 81.7 million rubles. VtorCherMet LLC was the buyer of TaGAZ. Earlier the assets were estimated at 181 million rubles. TagAZ was founded in 1997 and declared bankrupt in…
Stalintex Trade has opened a warehouse complex in the city of Rostov-on-Don. The main task of the new warehouse is the development of sales in the Southern Federal District. The total area of the complex is 9 thousand square meters. Covered warehouses comprise 1800 square meters. The warehouse has road and railroad connection, as well…
Since October a new Italian slitting line has been operating at the Verkhnevolzhsky Service Metal Center. It can cut not only steel coils, but also aluminum, copper and stainless steel. The thickness of metal is 0.2 to 1.5 mm. The capacity of the line is 400 meters per minute. (Ukrainian metal)
In 2019 steel consumption in Russia will grow by 7.6% YoY, to 42.5 million tons. According to the Chermet Corporation Vice-President Yuri Mishin, there was no growth in consumption last year, it even decreased by 1.7%, to 39.5 million tons. In H1 2019 steel exports dropped by 9.7%, or by 1.5 million tons. Imports decreased…
In January-September new orders for metal products totaled 279,620.7 million UAH, down by 9.5% YoY. According to the State Statistics Service, foreign orders amounted to 166,965 million UAH, or 59.7% of the total, down by 11.8% YoY. Their share dropped by 1.6%. Orders for ready-made metal wares are growing on the contrary – by 7.2%,…
In Cairo, Trade Representative of Ukraine Taras Kachka held consultations on export of metal products to Egypt, the press service of the Embassy of Ukraine in Egypt reported. “Within the framework of the visit, the Ukraine-Egypt consultations were held on the application of Egypt’s safeguards to Ukrainian metal products,” the statement reads. As the Embassy…
Due to the increase of the imports of hot-rolled carbon and alloyed steel in sheets and coils to the territory of the Eurasian Economic Union, the Economic Commission has introduced a special quota on the imports of the said products. The quota is aimed at protecting the EAEU members’ ferrous metallurgy and would be in…
In January-July Novorossijsk Sea Trade Port handled 85.162 million tons of cargo, up by 6.7% YoY. Ferrous metals accounted for 7.247 million tons, down by 5.4% YoY. The drop is due to the ferrous metals imports duties in the USA and bad market situation. Non-ferrous metals throughput decreased by 15.6%, to 0.528 million tons. At…