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MMK has received the approval of the Federal Antimonopoly Service for the purchase of Lysva Iron and Steel Works with the capacity of 360 thousand tons per year. Back in September MMK reported that it was regularly monitoring the M&A market and was ready to discuss the acquisition of prospective assets. At present neither MMK,…
DetailsThe Republic Investment Company and its daughter enterprise Yanolovo have concluded an agreement with the Chinese investment fund YaZuan Investment Co. Ltd on development of tin-bearing deposits on the territory of Yakutia. Yanolovo obtained the license to develop Tirekhtyanskoye tin deposits in 2015. Raw metal output could be 500-3.5 thousand tons per year. (Ukrainian metal)
DetailsBelarus will help improve methods of coal mining and coal transportation on Sakhalin Island, Russia. The news was released by the website of the Sakhalin region government and the governor after Sakhalin region governor Oleg Kozhemyako met with State Secretary of the Union State of Belarus and Russia Grigory Rapota. Member of the Federation Council…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 22 million tons of coal this year. The milestone ton was loaded onto the Panamax bulk carrier AP Argosy, the 306h vessel handled from the year beginning (the 21st in…
DetailsIn January-August Metinvest exported 155 thousand tons of galvanized coils, up by 40% YoY. “The main growth has been witnessed in the direction of Europe, CIS (without Russia), Near East and North Africa”, the group marketing director Roman Kurashev said. Metinvest intends to retain its regular presence on European market and will work on attracting…
DetailsIn January-September, according to the customs statistics, Russia imported 438 thousand tons of galvanized steel with polymer coating, up by 8.7% YoY, but down by 0.1% from the 2015 results. The main supplier was China. Its share was 59%. The average price on Russian border in September was $796.2 per ton. Kazakhstan’s share was 11%,…
DetailsIn January-September Russia imported 566.3 thousand tons of galvanized steel, up by 24.1% YoY. According to the customs statistics, Kazakhstan was the major supplier – up by 48.7%, to 264 thousand tons. In September the average price on Russian border was $717 per ton without VAT. Then comes China with 109 thousand tons, up by…
DetailsIn January-October ferrous metals output increased by 6.5% YoY. Casting companies improved operation by 4.2% YoY. This is the first increase in the sector since 2012. Flat rolled metal production decreased by 4.7%, unalloyed construction rods by 1.9%. At the same time alloyed rods output went up by 44%. Ferroalloys manufacture increased by 7.5%, raw…
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