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…Details
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In January-May Russia produced 25.6 million tons of rolled metal, on par with 5 months of 2018. In May output grew by 8.5% MoM and by 0.9% YoY. According to the Federal Service of State Statistics, pig iron manufacture in 5 months totaled 21.3 million tons, down by 1.5%, with May results up by 3.7%…Details
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…Details
Russian Railways and the Union of Railway Operators Market have complained to the Federal Antimonopoly Service about high prices for wheels. According to the claim, annual demand for wheels amounts to 1.6 million while only 1.5 million are produced. The wheels for the Russian track gauge are made by the Vyksa Iron and Steel Works,…Details
Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…Details
In January-May Ukraine mined 12.812 million tons of coal, down by 7.8% YoY. According to the Ministry of energy and coal industry, the output of coking coal dropped by 21.5%, to 2.117 million tons, and of power-generating coal by 4.5%, to 10.695 million tons. In May coal mining decreased by 1.9%, to 2.6 million tons.…Details
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…Details
Vitaliy Bash has been appointed a new general manager of Dneprovsky Iron and Steel Works, a part of DCH. He is also the director of the Sukhaya Balka mine and the managing company DCH Steel. The decision to appoint one person to manage three assets has to do with the need to provide for coordinated…Details
The sanctions imposed by Russia on the delivery of pipes from Ukraine didn’t have an impact on Interpipe. “Losses from sanctions are not considerable. The products yielding the biggest income in Russia have long been prohibited”, Interpipe CFO Denis Morozov said, adding that there was a duty of 27% on Interpipe pipes on the Russian…Details
Until the end of the year Ferrexpo plans to buy 400 gondola cars. The decision is due to the strategic plans of Ferrexpo to increase pellets output. In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)Details
Almalyk Iron and Steel Works has started carrying out the second stage of the railroad infrastructure construction to the Kalmakyr mine. Kalmakyr Mine is the largest mining enterprise in the CIS, the base of Uzbek non-ferrous metallurgy. In 2016 the mine design capacity was increased to 30 million tons of ore per year. Under the…Details
Severstal Distribution was able to increase sales on its traditional markets, having avoided a fall after it ceased operating in Ukraine. “Because of economical risks we were forced to leave Ukrainian market. But these volumes have been compensated for by the growth of sales in the European part of Russia, as well as Central, Northern…Details