NLMK Group has amended the terms for its EUR 250-million revolving credit facility. The financing costs of the facility will now be linked to the company’s sustainability performance that will be assessed by Sustainalytics, a provider of environmental, social and corporate governance research and ratings. The ESG rating change will result in the adjustment of…Details
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In 2019, Irkutsk region extracted 25,257 kg of gold, up by 2% YoY. Polyus and Vysochaishiy contributed the most of the output. In particular, Polyus Verninskoye produced 7.902 kg of ore gold and Lenzoloto – 4,529 kg of alluvial gold. Vysochaishiy yielded 3,438 kg of gold and its daughter company Ugakhan LLC – 2,350 kg.…Details
Metallurgy remains one of the most investment-attractive spheres – it accounts for over 25 projects with the volume of investments on the level of 3 billion rubles each. Metal industry share in the Russian GDP is 5%, in industrial manufacture – 12% and in exports – more than 10%. The largest projects so far are…Details
In January, Almetievsk Pipe Works commissioned a covered warehouse to store finished products. The capacity of the warehouse is 7 thousand tons of pipes. The decision to construct such a warehouse was included in the priority plan following meetings with partners. Previously the company stored pipes in open warehouses, which could not provide full protection…Details
The authorities of Yugra have provided land plots for the construction of a Severstal and Tenaris joint venture to produce welded pipes. Severstal has started making project estimates, and until the end of the year will begin construction. The new works will create 500 jobs and will provide payments to the budget at the level…Details
In 2019 Ukraine produced 10 million tons of coke, down by 7.1% YoY. In particular, Avdiivka Coke and Chemical Works decreased output by 16.6%, to 3.2 million tons, Azovstal – 6.6%, to 1.36 million tons, Dneprovsky By-Product Coke Plant – by 8.9%, to 564 thousand tons, Dneprokoks – by 12%, to 530 thousand tons, Zaporozhkoks…Details
In 2019 Ukraine decreased ferrous metal scrap exports 7.8-fold YoY, to 42.18 thousand tons, at the same time increasing exports by 17.2%, to 49.93 thousand tons. According to the State Customs Service, thus import has for the first time since 2011 exceeded export. In monetary terms export decreased 9-fold, to $11.78 million, while import –…Details
In 2019, Ukraine mined 31.22 million tons of coal, down by 6.2% YoY. According to the Ministry of Energy and Environment Protection, coking coal mining grew by 8.8%, to 6.32 million tons, while that of power-generating coal fell by 9.4%, to 24.9 million tons. In December 2019, coal output dropped by 0.1% YoY, to 2.8…Details
In 2019, Ukraine exported $8.738 billion worth of ferrous metals, down by 12.1% YoY. According to the State Customs Service, ferrous metals accounted for 17.45% of all exports as opposed to 20.99% in 2018. In December 2019, ferrous metals exports totaled $521.764 million. Ferrous metals imports decreased by 6.9%, to $1.251 billion, with $73.843 million…Details
Brazil ha suspended the antidumping duty on hot-rolled metal originating from Russia and China. The decision was taken on January 15. The duty was imposed in 2018. (Ukrainian metal)Details
In 2019, Russia decreased ferrous metals exports by 16.5%, with a drop of 10.9% in December 2019. At the same time deliveries to the domestic market grew by 3.1%, but in December 2019 fell by 1.9%. Demand for non-ferrous metals increased by 18.9% in December 2019, but deliveries to the domestic market decreased by 9%.…Details
In 2019, Kirov Non-Ferrous Metals Processing Works increased stamping products output by 8.7% YoY, to 20,966 thousand pieces. The manufacture of cable fittings has grown by 15.2%. This year the company intends to further increase output. (Ukrainian metal)Details
Uralelectromed has commissioned a line to produce welded foot grating with the capacity of 200 tons per month. Investments have amounted to 57 million rubles. The new line will satisfy the demand of UGMK enterprises in this type of product and will also allow reaching new sales markets. The machine can produce grating with the…Details