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In January, Russia exported 1.5 thousand tons of copper wire rod, down by 28% MoM, but up by 6% YoY. Price grew from $5.8 to $5.9 per kg. Deliveries to Egypt dropped more than 2-fold, to 1.5 thousand tons, to Kuwait – by 27%, to 7.9 thousand tons, and to Belarus – by 36%, to…
DetailsDue to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home. Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until April 30. The end date could change, based on how the…
DetailsMagnitogorsk Iron & Steel Works (MMK) CEO Pavel Shilyaev has approved a new energy policy for the company, the strategic goal of which is to reduce energy costs in the cash cost of MMK’s products. To achieve this goal, the company will improve its system for monitoring the use of energy resources, increase the efficiency…
DetailsIn 2019, Pobuzhye Ferronickel Plant decreased ore processing by 5.4% YoY, to 1.353 million tons. This equals to 74.4 thousand tons of ferronickel of ore raw materials (-3.3%) or 14.2 thousand tons of nickel (-10.2%). The main reason of the decrease is the operation at low capacity after repairs. This year the company intends to…
DetailsIn January, Russia exported 8.3 thousand tons of aluminum wire, up by 8% MoM and by 38% YoY. Price dropped by 4%, to $1889 per ton. Deliveries to Ukraine grew 2-fold, to 963 tons, and to USA – from 816 tons to 2.2 thousand tons. At the same time sales to Belarus decreased by 42%,…
DetailsIn January, Russia imported 171 tons of unrefined copper, down by 84% MoM, but up by 51% YoY. Kazakhstan supplied 99.9% of copper. Price dropped from $13.7 to $13.5 per kg. In 2019, imports totaled 5.3 thousand tons, up from 2.2 thousand tons in 2018. (Ukrainian metal)
DetailsIn 2019, Pobuzhye Ferronickel Plant received 67.5 million UAH of profit. The company paid 105.4 million UAH of taxes, up by 16.8% YoY. Average salary grew by 14%, to 10654 UAH, up by 1.5% from the average salary in Ukraine. Since January, PFK has increased the average salary by 10%. Expenses on social sphere of…
DetailsKumtor Gold Company will provide assistance in the amount of $100,000 to Issyk-Kul region of Kyrgyzstan to fight against coronavirus. The money will be used to provide necessary medical means to Issyk-Kul structures and individuals involved in proactive efforts being currently made to prevent the spread of COVID-19 across the region. (24.kg/Ukrainian metal)
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