According to recently released data by the Russian Trade Statistics, pig iron exports by Russia during the month of July this year dropped significantly when compared with the exports during same month a year before. Also, the exports were down sharply when matched with the month before. Russia’s pig iron exports totaled 230,000 tons in…Details
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Russian metals holding Metalloinvest plans to make an initial public offering (IPO) and is waiting for a good market environment, a spokesman for the company reported. “Metalloinvest is procedurally ready for the IPO in many respects and the degree of readiness will be even higher after the completion of the shareholder capital reorganization. The iron…Details
The key investment project of NLMK Group’s Strategy 2017 – the construction of a pelletizing plant at Stoilensky, – has been recognized as the 2016 Event of the Year in the Russian steel industry. Experts announced their findings at the Metal-Expo’2016 international exhibition. Konstantin Lagutin, NLMK Group’s VP for Investment Projects, received the winner’s diploma…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 581 652 September 559 635 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Investors from China and Qatar are considering filing a bid to buy a 25% stake in Russia’s largest gold producer Polyus from Polyus Gold International Ltd (PGIL), which owns 61.37% in the company. The parties have not yet reached any agreement on the matter. The stake is estimated at about $3.3 billion. Earlier PGIL was…Details
The authorities of the so-called Donetsk People’s Republic (the Russia-supported terrorist organization) try to put the idle Donetsk Electrometallurgical Plant back into operation. According to the company new director Alexander Zubov, some 400 people, mostly ex-employees, are trying to assemble equipment. After the works is up and running it will be able to produce some…Details
In January-September Kamensk-Uralsk Non-Ferrous Metals Processing Works increased exports. In particular, exports went up from 24% to 32% in the total volume of sales. 66% of the goods exported are the rolled brass, but due to the low marginality it is being transferred to the local market. The company strives to increase rolled copper sales.…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR63.16* min max August 567 796 September 567 796 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
Corum Group intends to supply the whole lot of 4 borers to ArcelorMittal Temirtau in January 2017. The first borer was delivered in November. Moreover, in October Corum Group produced 138 telescopic hydraulic props for AMT. According to the marketing director Denis Shemyakin, Kazakh mining companies have increased interest in mining machinery and Ukrainian companies…Details
Metinvest has concluded long-term contracts with shipbuilding works of Italy to supply metal, produced by its Trametal works. According to the group’s sales director Roman Kurashev, Italian shipbuilders have stable operations, and their orders portfolio for 2018 is already full. “Now they take orders for 2020-2021, so we’re working with them in normal mode”, he…Details
Ukraine has not created an effective mechanism of struggle for its export markets and needs to strengthen the state protection of exporters on global markets. Interpipe finances and economy director Denis Morozov believes that the trade representative institution on Ukraine is weak. “A lot could have been achieved, if we compare with other countries. This…Details
In January-October Ukraine imported $44.6 million worth of copper and copper wares, up by 10.8% YoY. According to the State Fiscal Service, copper exports dropped by 41.8%, to $61.18 million. October imports stood at $4.81 million, while exports reached $6.34 million. Nickel imports decreased by 18.2% YoY, to $74.03 million ($7.16 million in October), while…Details
According to the coal industry department of the Kemerovo region, the Kuzbass Fuel Company is repairing two of its processing factories at the Vinogradovsky open-pit mine. The overhaul will see the assembly of more productive equipment, increasing the processing at both factories from 6 million tons of coal per year to 9 million tons. And…Details