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In 2023, Uzbekistan Iron and Steel Works intends to hold its IPO at a foreign exchange. The corresponding roadmap was approved by the Ministry of Finances and the deputy Prime Minister Jamshid Kuchkarov. Uzmetkombinat has also started work on issuing eurobonds. The company is negotiating the issue with a number of investment banks. Prior to…
DetailsInterpipe has almost left the Ukrainian market of welded pipes for construction because of a considerable fluctuation of prices for strips in January-June. “In spring, prices for flat rolled metal reached $50-60. It was difficult to shape price for end customers, so we decided not to take risks and tried to sell products mostly from…
DetailsInterpipe intends to increase its pipe heat treatment capacities 2.5-3-fold having constructed a new treatment unit at Interpipe Niko Tube. “Global pipe buyers switch to premium and high-strength products. To improve pipe quality, it must be heat-treated. At present Interpipe heat treatment capacities are limited. Thus, we have started a new investment project to construct…
DetailsIn January-June, Ferrexpo increased the share of sales to Central Europe from 21% to 34% and to Western Europe – from 4% to 14%. Sales to the Southeastern Asia, including China, dropped from 68% to 29%. Ferrexpo increased sales to the Northeastern Asia from 3% to 8% and to the Near East, North Africa and…
DetailsMetinvest has announced a tender to buy back up to $250 million worth of its eurobonds maturing in 2026 with the total volume of $647.66 million. Bonds will be bought for cash with the minimal price of $1,140 per each $1,000 bond. The offer is valid until August 18. The results will be announced on…
DetailsAzerbaijan Industrial Corporation OJSC has launched a project for evaluation of alunite ore reserves. The presence of rich ore resources in Azerbaijan allows developing a number of sectors of the economy, in particular, heavy industry, non-ferrous metallurgy and the construction industry. Extraction of natural resources using modern technologies creates conditions for the further expansion of…
DetailsAn electric conveyer with the length of 4 km will be put into operation at the Mayskoye deposit in Chukotka, developed by the Mayskoye Gold Ore Company LLC, managed by Polymetall. At present two loading and delivery machines are used in the mine. Until the end of the year, their number will double. Moreover, two…
DetailsOn August 5, the state enterprise Vostochniy Mining and Processing Works received 30 million UAH from Energoatom to clear debts for electricity consumption. The funds were transferred to electricity suppliers. During the past two weeks, all the auxiliary departments of the Zholtye Vody site were cut off grid for a week. On August 5, there…
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