Russia: copper output in Q1 2017

In January-March Russia increased raw copper output by 3.3% YoY, while the production of copper alloys dropped by 22.7%. According to the Federal Service of State Statistics, copper flakes and powders output decreased by 5.4%, of rods and shapes – by 28.4%, at the same time wire production went up by 15%, and foil –…

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Russia: TMK sales up in Q1 2017

In January-March the Pipe Metal Company sold 850 thousand tons of pipes to customers, up by 0.6% YoY. According to the company statement, seamless pipes sales increased by 16.7%, to 658 thousand tons thanks to the stable demand form oil-and-gas companies. Welded pipes sales dropped by 31.8%, to 192 thousand tons, mostly because of the…

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Russia: Schelmet to produce tin-plate

The authorities of the Schelkovo district of the Moscow region were presented the project of modernization of Schelkovo Iron and Steel Works and the putting into operation of the tin-plate line. According to the production workshop head Vladimir Merkulov, investments will total some 3.5 billion rubles. The main problem in the realization of the project…

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Russia: Kolmar to construct 2 factories

In 2017-2019 Kolmar intends to spend some 17.4 billion rubles to develop the Inaglinsky mining and processing complex and 11 billion rubles to modernize the Denisovsky GOK in Yakutia. Inaglinsky includes an open-pit and Inaglinskaya mine, as well as the Inaglinskaya-2 processing factory. At present the open-pit yields some 2 million tons of coal and…

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Russia: MMK steel output up in Q1 2017

In January-March MMK produced 3.066 million tons of steel, up by 1.4% YoY. According to the company statement, the total loading of capacities at the main site in Magnitogorsk exceeded 94%. Product sales dropped by 2.3% YoY, to 2.723 million tons. High added value products manufacture increased by 5.1%, to 1.313 million tons. The share…

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