Russia: TMK to hold SPO roadshow

Russian oil and gas pipe producer TMK will hold a roadshow for its secondary public offering (SPO) in England and the U.S on February 1-2, and will guide investors for a pre-market placement price of 74.5 rubles per paper, a banking source reported. The bookbildung will be finished on February 2, the source said. On…

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Russia: BAZ increases alumina capacities

Bogoslovsky Aluminum Works, a part of Rusal, has put the decomposing battery No. 1 into operation. The volume of the battery is 2.2 thousand cubic meters; the construction lasted for 1.5 years. Investments into the project totaled 147 million rubles. The new machine will process aluminum solution and increase alumina manufacture by 87 thousand tons…

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Russia: Izhstal output up in 2016

In 2016 Izhstal, a part of Mechel, increased output by 50% YoY. Output volume totaled 378 thousand tons; sales volume reached 375 thousand tons. Steel manufacture increased by 32% YoY, to 261 thousand tons; that of rolled metal – by 33%, to 343 thousand tons. The highest growth was achieved in stainless and alloyed steel…

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Georgia: steel pipes imports up in 2016

According to the National Statistic Service of Georgia, in 2016 the trade turnover with Turkey, the second largest trade partner of Georgia, reached $1.52 billion, with exports at $173.56 million, down by 7.1% YoY, and imports at $1.35 billion, up by 1.8% YoY. In 2016 Georgia imported 63588 tons of steel pipes from Turkey valued…

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