Russia: Olkon 2016 results

In 2016 Olenegorsk Mining and Processing Works, a part of Severstal produced 4.1 million tons of concentrate and shipped it to the Cherepovets Iron and Steel Works. “For the first time in our history we were able to considerably improve the quality of our products. In particular we have increased the Fe contents in the…

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Russia: pipe output down in 2016

In 2016 Russia produced 10.065 million tons of pipes, down by 11.5% YoY. According to the Federal Service of State Statistics, seamless pipes output dropped by 2.6% YoY, to 3.327 million tons, small and medium-diameter electric-welded pipes – by 3.6%, to 3.658 million tons, LDP – by 27.2%, to 2857 million tons. All other welded…

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Russia: Rusal to issue Panda bonds

Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is seeking to offer bonds to investors within the Chinese debt…

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