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Russia: gold exports up in 2019

In 2019 gold exports grew 8-fold, to $5.7 billion, with almost everything shipped to the UK. In particular, the United Kingdom purchased $5.33 billion worth of gold, up 12-fold. UK accounted for 93% of all gold exports in 2019. Other 12 countries, including Kazakhstan and Switzerland, purchased $409 million worth of gold. (Ukrainian metal)


Russia: NLMK in Novolipetsk catches fire

Russian steelmaker Novolipetsk Steel (NLMK) caught fire on March 2, an official of the emergency services of the region reported. “A reversing mill was burning on the territory of the metallurgical plant,” the official said, adding that the fire was of the third type of difficulty. As of now, the fire has been extinguished. There…


Russia: Krasniy Octyabr starts supplying metal to Uzbekistan

According to contracts concluded, Krasniy Octyabr will produce rolled metal for the chemical industry of Uzbekistan, as well as several batches of shapes and sheet for extracting companies. The metal for chemical industry was ordered by the specialized state enterprise. The iron-nickel-based metal will be used in the repair of manufacturing lines constructed in Soviet…