The Cabinet of Ministers has prolonged the exemption of the scrap trade from VAT. The government has prolonged the effect of its decree No. 15 dated January 12, 2011. Thus, all trade operations with scrap and waste of ferrous and non-ferrous metals are exempt from VAT till January 1, 2022. It is expected to improve…Details
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Interpipe has held extraordinary meetings of shareholders at its enterprises. In particular, Interpipe Novomoskovsk Pipe Works (Interpipe NMTZ) has been reorganized from the public joint stock company into a private joint stock company. The enterprise has also renewed its statutory documents. Interpipe Nizhnedneprovsk Pipe Works (Interpipe NTZ) has kept the public status, but decreased the…Details
Alisher Usmanov says the Udokan copper project has attracted $1.225 billion. The developer of the project, the largest copper deposit in the world – Baikal Mining Company intended to attract the funds in early 2019. The reserves of the deposit are 15 million tons and resources – 26.7 million tons. The commission of the first…Details
In 2013-2017 the major metal companies have been seriously decreasing the number of their employees. In particular, Evraz fired 40 thousand people, and Severstal – some 10 thousand. At the same time at present Severstal intends to hire new personnel for Yakovlevsky GOK. (Ukrainian metal)Details
Kuzbassrazrezugol has fulfilled the annual manufacturing goal in advance. So far the group has mined 47.9 million tons of coal. Some 500 thousand tons of coal are expected to have been mined by the end of the year. Thus, this year the group will extract 48.4 million tons of coal, up by 1% from the…Details
Rusal announces the resignation of Matthias Warnig from the office of the chairman of the board. Warnig was elected a member of the board in June 2012. In October 2012 he was elected chairman of the board. The new chairman will be chosen at the next meeting of the board. (Ukrainian metal)Details
Chelyabinsk Iron and Steel Works has received a certificate to produce switch rails. By the end of December the company intends to have produced 600 tons of new rails. The certificate for OR65 rails of the NT260 category is valid for 5 years. So far ChMK produces 5 types of rails. (Ukrainian metal)Details
Cherepovets Iron and Steel Works has finished the reconstruction of the cut to length machine no. 4 in the metal finishing shop No. 2. The work has been carried out in 50 days. Investments in the project totaled 400 million rubles. The modernized machine can process metal with the thickness of 4 to 16 mm.…Details
More than 1.7 million tons of coal were produced in January-November in Tajikistan, according to the Tajik Ministry of Industry and New Technologies. Moreover, according to official statistics, as of early December, about 1.6 million of coal were mined in the republic. In Tajikistan, coal mining and production is carried out at 14 deposits. The…Details
The Central Bank of Armenia set the following prices for precious metals on December 26. The price of gold is set at 19570.34 drams, down by 7.68 drams. Silver price dropped by 0.09 drams, to 228.27 drams. The price of platinum went down by 4.83 drams, to 12288.33 drams. (Armenpress/Ukrainian metal)Details
In January-November Zabaikalye region extracted some 20 million tons of coal. Traditionally SUEK contributed most of the yield. This year the region expects to mine 21 million tons of coal. In particular, SUEK plans to extract 5.9 million tons of coal, up by 15% YoY. (Ukrainian metal)Details
According to the National Statistics Bureau of Georgia (Geostat), in January-November pig iron and steel semi-finished products exports to Turkey dropped by 23.5% YoY, to 46 thousand tons valued at $22 million, down by 9.3%. The trade with Turkey in the period was some $1.6 billion, including $216.9 million of exports and $.13 billion of…Details
The Novosibirsk subsidiary of the First Cargo Company in November increased ferrous metals scrap deliveries to 41.3 thousand tons (680 cars). Throughput grew 1.5-fold YoY, to 63.2 million ton-km. “The positive dynamics has to do with the growth of transportation to NLMK-Ural”, the subsidiary deputy director on transportation Sergey Korchagin said. The cargo was transported…Details