Latvia: winner of KVV Liepājas metalurgs rolling stock auction to be checked

Security Institutions should check the winner of the auction for the sale of KVV Liepājas metalurgs rolling stock equipment – Austrian Smart Stahl GmbH, said Economy Minister Arvils Ašeradens. The minister said the buyer picked for KVV Liepājas metalurgs rolling stock equipment would be checked as soon as they transferred the money, thereby demonstrating readiness…


Russia: KUMZ profit down in 2017

In 2017 Kamensk-Uralsky Iron and Steel Works received 769.35 million rubles of net profit, down 9-fold YoY.

In 2016 the net profit exceeded 6.8 billion rubles.

Revenue grew by 10%, to 24.98 billion rubles.

Sales profit last year increased by 10%, to 3.97 billion rubles. (Ukrainian metal)

Russia: MMK prolongs Globaltrans transportation contract

The railroad operator Globaltrans has prolonged the contract on the transportation of MMK products for another 8 months.

“In early 2018 the long-term partnership with MMK was prolonged till late September 2020”, the company said.

The previous contract was valid until late February and presupposed the transportation of some 80% of MMK goods. (Ukrainian metal)

Russia: Severstal gets first order for SeverFarm

Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…


Russia: Antimonopoly Service to check precious metals and iron ore markets

The Federal Antimonopoly Service intends to have analyzed the competitiveness on the markets of gold and platinum by August.

According to the service deputy director on industry control management Mariya Babikova, another analysis will be carried out on the silver and iron ore concentrate markets.

She did not name the timeframe though. (Ukrainian metal)