Metinvest has laid claims to Dneprovsky Iron and Steel Works. On July 5 the Commercial Court of the Dniepropetrovsk region initiated the bankruptcy procedure of DMK. Metinvest is one of the suppliers of raw materials to DMK. “We have for a long time tried to settle with ISD (Industrial Union of Donbass, owner of DMK)…
DetailsAzerGold, a company engaged in the extraction of precious metals in Azerbaijan, is expecting new decisions from startups to optimize processes in the mining industry and develop existing potential, as well as to improve human resource management and increase professional knowledge. The company is expecting proposals for nearly all areas of its activity, ranging from…
DetailsChTPZ Group and Metalloinvest have held another meeting of the coordination council at UralSteel, where they discussed price, quality and sheet delivery issues. The sheet is used at Chelyabinsk Pipe Works to produce large-diameter pipes. UralSteel is one of the key suppliers of sheet steel to ChTPZ. Last year it shipped 270 thousand tons of…
DetailsIn January-June Uralskaya Kuznitsa increased sales of railroad locomotive axles by 71% YoY. Sales of stainless steel heat-resistant and high-alloy stampings grew by more than 30%. The company is increasing sales of such stampings to power machinery and defense enterprises, including under state contracts. UralKuz revenue went up by 13%, and net profit – by…
DetailsIn May Russia exported 175 tons of flat rolled copper, down by 34% MoM and by 33.6% YoY. Belarus accounted for a half of all exports, and Ukraine – for one quarter, down by 15% and by 55% Mom respectively. In 5 months exports totaled 1.1 thousand tons, down by 10.9% YoY. Since the start…
DetailsSince the start of the year Rosterminalugol has exported 13 million tons of coal. On July 21 the 13-millionth ton became a part of the Eastern Glamour batch of 105.2 thousand tons of coal. This was the 184th vessel to dock at the port. In the record-setting 2017, the 13-millionth ton was shipped on July…
DetailsIn January-June PMH, one of the world major suppliers of pig iron and the largest manufacturer of coke in Russia, increased output. Thus, pig iron manufacture grew by 2% YoY, to 1.223 million tons, coal concentrate – by 1%, to 1.213 million tons, and 6% moisture coke – by 13%, to 1.373 million tons. At…
DetailsRussian aluminum producer RUSAL has started the last stage of preparation for the launch of Taishet Anode Plant, the company said in a statement. The launch is scheduled for March 2020, and the second stage is to be launched in 2023. The capacity of the first stage stands at 217,500 tons of product per year.…
DetailsNLMK Group has published its Q2 financial results. Revenue decreased by 10% YoY, due to lower sales volumes (-3%) as a result of overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations, and lower sales prices. Group revenue decreased by 3% QoQ, to $2.8 billion. The decrease in output was partially…
DetailsAt a meeting held on July 25 the Board of Directors of NLMK Group recommended the company’s shareholders approve Q2 dividend in the amount of 3.68 rubles per share at the upcoming Extraordinary General Shareholders Meeting (EGM) to take place on September 27. The list of persons eligible to participate in the EGM will be…
DetailsIn May Russia exported 1.4 thousand tons of raw chromium, down by 25% MoM and by 21.6% YoY. In 5 months exports decreased by 12.2% YoY, to 7.7 thousand tons. Deliveries to US fell by 14%, to 397 tons. In monetary terms since the start of the year exports have decreased by 14.1%. Export prices…
DetailsIn May Russia imported 2.4 thousand tons of aluminum scrap and wastes, up by 18.4% MoM, but down by 39.8% YoY. The share of Kazakhstan has reached 67.2%. In 5 months Russia imported 11.3 thousand tons of aluminum scrap and waste, down by 29% YoY. In monetary terms since the start of the year the…
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