Russia: FAS to check pipe prices growth

The Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…

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Ukraine: Ukrzaliznytsia to sell 260 million UAH worth of scrap on ProZorro

Ukrzaliznytsia (Ukrainian Railways) has started selling scrap via ProZorro.Sales system.

4 lots with the initial price of 260 million UAH have already been registered.

The auction is scheduled for January 11, 2019. (Ukrainian metal)

Moldova: MMZ produces 500 thousand tons of steel in 2018

In 2018 Moldova Iron and Steel Works steel output exceeded 500 thousand tons.

Despite all the difficulties the company has been able to increase wages to its employees on average by 25%.

Investments in development grew 5-fold.

The company has constructed a warehouse and started modernization of the scrap complex. (Ukrainian metal)

Russia: Metalloinvest rating confirmed

The Expert RA rating agency has confirmed Metalloinvest rating at the ruAA- level with positive outlook. The analysts have positively estimated the financial and operational results of the group in 9 months of 2018, including its vertical integration, high added value output growth and prime cost level control. The increase in profitability and optimization of…

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