Russia: Nornickel unveils new corporate website

Nornickel has launched its new corporate website, now operating on two domains – www.nornickel.ru and www.nornickel.com, for Russian and English speakers, respectively. The new website is intended to enable users to develop consistent understanding of the company’s strategy, corporate governance principles, values and sustainable development policy. The new resource will help streamline the interaction with…

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Ukraine: Donetskstal debts at $1 billion

According to some sources the debts of the Donetskstal Group to the banks could reach $1 billion.

Creditors have doubts as to the company financial reports.

Among the largest creditors is ING Bank NV, the Ukrainian subsidiary of Sberbank, VTB Bank, Alfa-Bank, Delta Bank, etc. (Ukrainian metal)

Ukraine: railroad transportation for Mariupol metal works not enough

In October the state enterprise Ukrzaliznytsia intends to increase throughput of the railroad route Kamysh-Zarya – Volnovakha to 19 pairs of cargo trains per day. Previously the route was not used for transportation, but after the military activities in Donbass started, it became the main route for iron ore raw materials delivery to Mariupol Ilyich…

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Russia: Olkon buys new dump trucks

Olenegorsk Mining and Processing Works has purchased 4 new Caterpillar 136-ton dump trucks. “The investment project valued at over 400 million rubles will allow the company to reach its business plan of 18.8 million cubic meters of rock. Taking into account new machines, by the end of the year we will have 30 dump trucks…

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Ukraine: Aluminum Sections Works starts producing aluminum wire rod

The Donetsk Works of Aluminum Sections, situated in the Russia-supported terrorist-occupied territory, has started producing aluminum wire rod. “The works main customers are machine-building, trade and construction companies”, the so-called acting minister of industry and trade Alexei Granovsky declared. At present the company is the largest producer of aluminum sections with coating in the area.…

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Russia: gold output up in January-August 2017

In January-August Russia increased raw and powder gold output by 8.7% YoY.

According to Rosstat, in August output increased by 8.2% YoY and by 11.4% MoM. (Ukrainian metal)

Russia: metal wares prices to increase in October 2107

In October prices of low-carbon steel metal wares are expected to increase by 1-2 thousand rubles per ton.

In particular, price of bolts and nuts will increase by 10%, sheet-metal screws of Russian and Belarus make – by 2-3%.

Chinese fasteners, expected in November-December, will be 10-15% more expensive. (Ukrainian metal)