Russia: Krasniy Octyabr and ZEMZ developing cooperation

Since April Krasniy Octyabr Volgograd Iron and Steel Works has started receiving the billets for rerolling from Zlatoust Electrometallurgical Works.

This will allow the sheet-rolling shop of VMK to quickly and in full provide for fulfilling orders.

In January-February Krasniy Octyabr received some 600 tons of slabs from ZEMZ. (Ukrainian metal)

Russia: VIZ-Stal sales up in Q1 2018

In January-March VIZ-Stal increased metal output by 10% YoY, to 43 thousand tons. The company capacities were 99% loaded. Transformer steel sales grew by 13%, to 41 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. The key destinations were…

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Russia: gold output in Buryatia up in Q1 2018

In January-March Buryatia obtained 0.86 tons of gold, up by 21.5% YoY, Zapadnaya artel LLC (Zapadnaya Mining) operated at the Kedrovoe deposits, and Buryatzoloto (a part of Nordgold) at the Irokinda and Kholbinsky mines. This year Buryatzoloto intends to invest 607 million rubles in drilling at its mines. Balance reserves of the deposits are estimated…

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