The Arbitrary court of the Volgograd region has fully satisfied the claim of Rusmet LLC to the Krasniy Octyabr Iron and Steel Works. The latter will have to clear its debts on the raw materials supply agreements. In 2014 the companies concluded an agreement on the purchase of scrap. Later two more additional agreements were…Details
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In March, according to the customs statistics, Russia exported 10.6 thousand tons of corrosion-resistant steel scrap valued at $11.3 million, up by 7.7% and by 3.9% YoY respectively. In Q1 scrap exports totaled 24.4 thousand tons, up by 11.2%, valued at $25.3 million, up by 9.5%. Scrap containing 8% and more of nickel accounted for…Details
In January-March, Ukraine mined 7.76 million tons of coal, down by 7.2% YoY. In particular, coking coal output dropped by 24.9%, to 1.24 million tons. At the same time, Russia is introducing a ban on the delivery of coal to Ukraine. From June 1, coal and other fuel products could be supplied to Ukraine only…Details
President of Ukraine Vladimir Zelensky has flown to the Lviv region to visit the Lesnaya mine of the state enterprise Lvivugol, where as a result of the rock mass cave-in two miners have perished. On May 29, police was informed of a cave-in resulting in two miners being trapped. Their bodies were later taken to…Details
Avdiivka Coke and Chemical Works, the largest coke manufacturer in Europe, will considerably decrease air pollution thanks to a new Niba Dalgakiran cooling tower. The tower has been built in 9 months. Investments in the project totaled 25 million UAH. (Ukrainian metal)Details
RZD has suggested changing the structure of tariffs on the transportation of the metal raw materials and finished products. In particular, tariffs for the transportation of coke, iron ore concentrate and metal ores will sharply increase, while those for ferrous metal will slightly drop. RZD believes, that as a result of the tariff change, metal…Details
Evraz ZSMK and Evraz NTMK have produced over 3 thousand tons of high-strength rolled metal for the winter sports complex “Baikal” in Ikrutsk. The metal was supplied by Evraz Metal Inprom. More metal will follow. A500C strengthened rebars with the diameter of 10-25 mm produced by Evraz ZSMK are used in the manufacture of ferroconcrete…Details
Polymetal has concluded an agreement with a company affiliated with Mineral Exploration Network (Finland) Ltd (MEN) on the creation of a joint venture to carry out prospecting works in Chukotka Autonomous District. The gold ore to be found by the JV will provide additional raw materials to the Mayskaya factory, able to process both sulfide…Details
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…Details
Gold, 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…Details
In 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…Details
In 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…Details