Zagorsky Pipe Works has for the first time received its credit rating. According to AKRA rating committee dated May 20, the company rating is “BBB+” with stable outlook. The decision is based on the company strong market position, low debt burden, moderate business profile and corporate management level. “We are satisfied with the debt to…
DetailsGold, silver and platinum prices decreased in Azerbaijan on May 29 compared to the prices of May 27. The price of gold dropped by 9.044 manats, to 2,178.499 manats per ounce. The price of silver fell by 0.3852 manats, to 24.4726 manats per ounce. The price of platinum went down by 7.752 manats, to 1,358.963…
DetailsRock mass caved-in in the Lesnaya mine of the state enterprise Lvivugol. 2 miners perished. The cave-in occurred at the depth of 242 meters. At the time of the accident 69 employees were in the mine, with 21 at the cave-in site. (Ukrainian metal)
DetailsIn March, Kazakhstan increased exports of steel to Russia by 60% MoM, almost 2-fold compared with January, but decreased by 25% YoY, to 125.3 thousand tons. In Q1 deliveries dropped by 37% YoY, to 263 thousand tons. Alloyed flat steel accounted for 81% of all exports, down by 41.5%, including steel plates – 63%, down…
DetailsIn March, according to the customs statistics, Russia imported 246.2 thousand tons of rolled steel and pipes from Ukraine, up by 12.7% MoM, by 24% compared with January, and by 11% YoY. In January-March imports grew by 16.7% YoY, to 663.1 thousand tons. Sections and bars accounted for 44% of the imports, including 47% of…
DetailsRussia is prepared to do anything to settle the issue of antidumping investigation on metal imports to Mexico. “We have drawn the attention of our Mexican colleagues to the situation with the ongoing antidumping investigation on our ferrous products. We have certain suggestions on what to do, and we’ll continue doing it”, deputy foreign minister…
DetailsIn March, Yekaterinburg Non-Ferrous Metals Processing Works successfully passed its quality management system re-certification audit, carried out by TMS Rus LLC, an exclusive representative of the TÜV SÜD Management Service GmbH in the EAEU. The new ISO 9001:2015 certificate is valid until April 4, 2022. EZOTsM products have been certified since 1992, and the whole…
DetailsKarelsky Okatysh has completed a complex repair of its pelletizing machine No. 3 by replacing 150 meters of rails. The rails are used to transport trolleys with raw pellets to the machine. In order to free the old rails to be disassembled the company first had to remove 120 trolleys, weighing 10 tons each. The…
DetailsMiners in Georgia’s western town of Chiatura have ended a strike launched on May 16 after demanding better salaries and working conditions, as a deal has been reached with the Georgian Manganese company. The company promised a 25% in salaries starting from June 1, while an additional 10% rise will take place starting next year.…
DetailsIn April, Ukraine produced 1.938 million tons of steel, up by 12.6% YoY. Thus the country was able to go up one place in the world steel manufacturers rating, according to World Steel Association. China is in the lead with 85 million tons of steel, up by 12.7%. Russia decreased output by 8.3%, to 5.6…
DetailsIn January-March, Metinvest B.V. decreased capital investments by 8% YoY, to $198 million. The share of projects to improve capacity reached 43%, up from 39% in Q1 2018. Capital repairs accounted for 57% of investments (61% last year). Metal segment accounted for 50% of investments, while mining – 48%. 2% fell on corporate expenses. Last…
DetailsUntil the end of the year SMC-Kolpino will produce 14 dump car sides for Karelsky Okatysh. The length of each side will be 14 meters, height – 1.3 meters and weight – over 4 tons. The sides will be produced of sheet and plates manufactured at the mill-5000 in Kolpino. SMC-Kolpino mastered the manufacture of…
DetailsThe gold-ore company Rudnik Karalveyem at the auctions on May 22-23 won the right to develop three alluvial gold sites in Chukotka region. The company offered 43.659 million rubles for the Nevidimiy site. The initial price increased 485.1-fold. The Zayachiy site was sold for 69.3 million rubles. And the price of the Poldnevoy Brook site…
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