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Russia: NLMK considers grain-oriented electrical steel plant in India

Russian steelmaker Novolipetsk Steel (NLMK) is considering launching a $100-150-million plant producing grain-oriented electrical steel in India, a company spokesperson said in a statement. “The project is in progress. We are considering locating a part of the grain-oriented electrical steel business. Investment can amount to $100-150 million. The decision has not been made yet,” the…


Russia: Rusal sales up in Q2 2019

In April-June Rusal increased aluminum sales by 20.8% QoQ, to 1.082 million tons. The increase is due, among other things, to the sales of stocks accumulated during the sanctions. At the same time, the company experts believe the trade war between US and China has resulted in the drop in aluminum demand. Rusal fears the…