Russia: UEM developing steel structure manufacture

With the commission of new steel structure capacities, Uralelectromed will increase its output to 4.5 thousand tons.

Last year the company produced 3 thousand tons of metal structures.

The company also plans to master the manufacture of grating. (Ukrainian metal)

Russia: Trubodetal passes audit

Trubodetal has successfully passed the audit of its quality management system, environment and labor safety. The specialists of the TUV NORD CERT have noted the positive aspects of the plant operation in 2018: the mastering of new products and new markets, high level of personnel specialization, decrease of environment impact, etc. The quality management system…


Ukraine: all UZ June 2019 scrap auctions fail

5 new auctions to sell scrap, organized by Ukrzaliznytsia in the ProZorro system, have been announced not taken place.

In particular, no offer came for the lots auctioned on June 3.

The auctions had to take place on June 18. (Ukrainian metal)

Russia: Chukotka gold output up YTD

Gold production on Russia’s Chukotka peninsula rose by 4.4 tons YoY, to 12.8 tons as of June 18, the regional government said in a statement. The Tenkinsky district of the region was the leader with 7.9 tons, the Severo-Evensky produced about 1.2 tons, and the Srednekansky 1.1 tons. Alluvial gold output started in May. The…


Ukraine: metal transportation via Dnepr up in January-May 2019

In January-May Ukraine increased metal cargo transportation via the Dnepr River by 39.4% YoY, to 441.5 thousand tons.

In May, 210.4 thousand tons were transported, almost as much as during January-April.

Last year metal companies transported 1.29 million tons of cargo via the Dnepr River, up by 6.7% YoY. (Ukrainian metal)

Russia: MMK places $500-million Eurobonds

Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year $500-million Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…


Russia: NLMK Group and Fort Ross Ventures sign cooperation agreement

NLMK Group, a global steel company, and venture capital firm Fort Ross Ventures, a partner of Sberbank, have penned an agreement to cooperate to support innovations. Under the agreement, Fort Ross Ventures will provide NLMK Group with information on projects related to the Internet of Things, artificial intelligence technologies, cyber-security, cloud technologies, etc., that will…


Ukraine: agreement between Metinvest and Air Liquide important signal for investors

During the visit to the PJSC “Mariupol Ilyich Iron and Steel Works”, President of Ukraine Volodymyr Zelensky took part in the ceremony of signing the investment contract between Metinvest Holding and Air Liquide on the construction of the air-distributing complex. The ceremony was attended by Ambassador Extraordinary and Plenipotentiary of France to Ukraine Isabelle Dumont,…


Kyrgyzstan: relevant committee supports bill banning uranium mining

Members of the Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of the Parliament of Kyrgyzstan adopted in first reading a bill banning uranium mining in Kyrgyzstan. The document was initiated by Altynbek Sulaimanov, Almambet Shykmamatov, Kanat Kerezbekov, Myktybek Abdyldaev, Baktybek Turusbekov, Dastan Bekeshev and Altynbek Zhunus uulu. “Over the years of development…