Russia: pipe exports down in January-April 2019

In January-April, Russia exported 534.4 thousand tons of steel pipes valued at $478 million, down by 43% and by 56.5% YoY respectively.

The largest importer was Kazakhstan – 26%, up by 46.7%, followed by US (24.2%, up almost 3-fold) and Belarus (14.5%, up by 3.2%). (Ukrainian metal)

Russia: Evraz to sell 1.7% of shares

Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…

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Ukraine: CGOK to invest 7 million UAH in Kriviy Rih district development

Central Mining and Processing Works has signed an agreement on the social and economical partnership with the Petrovsky district administration and the district council. Combined investments in the development of the district infrastructure, educational, sports and medical facilities this year will reach 7 million UAH. In particular, under the contract it is planned to repair…

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Russia: gold output up in May 2019

In May Russia increased gold output by 11.5% YoY.

At the same time compared with April the output dropped by 16.3%.

In January-May gold manufacture in Russia grew by 24.4% YoY. (Ukrainian metal)

Ukraine: MMZ speaks with Interpipe of scrap deliveries

Representatives of Moldova Iron and Steel Works held talks with Ukrainian companies on the resumption of scrap deliveries. “In April and May there were no deliveries. But I know for sure, that their representatives have come to Ukraine for negotiations. There are risks, especially in winter, when scrap procurement in Ukraine falls”, Interpipe CFO Denis…

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