Jersey-registered Russian aluminum giant UC RUSAL, hit by the U.S. sanctions, is considering changing its jurisdiction and becoming a resident of one of the country’s special administrative regions, the company said on August 17. “The board of directors decided that such a change of registration would on the whole serve the best interests of the…Details
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The prices of precious metals increased in Azerbaijan on August 17, according to the data published by the Central Bank. The price of gold increased by 4.7005 manats, to 2,000.373 manats per ounce on August 17 compared to the price on August 16. The price of silver went up by 0.2404 manats, to 24.9162 manats…Details
The volume of industrial production in Kazakhstan increased by 5.1% in January-July, the Chairman of the Committee for Industrial Development and Industrial Safety of the Ministry of Investment and Development (MID) of the Republic of Kazakhstan Almas Batanov said at a briefing. “At the end of the first seven months of 2018, the volume of…Details
In January-June Belarus Iron and Steel Works decreased air pollution by 8%, or by 347 tons YoY. Soon the company will begin reconstruction of the aspiration units Nos. 2 and 3. Last year the company took 12 environment-related measures. This year it is planned to take 19 measures valued at $225 thousand. (Ukrainian metal)Details
In January-July Russia produced 3.3 million tons of steel structures, up by 1.3% YoY. According to the Federal Service of State Statistics, July output grew by 2.7% YoY, but dropped by 5.4% MoM. Aluminum structures manufacture in 7 months totaled 34 thousand tons, down by 2.5% YoY. (Ukrainian metal)Details
In Q2 TMK received $1.355 billion, up by 6% QoQ. Revenue in H1 grew by 28% YoY, to $2.628 billion. EBITDA in Q2 increased by 23% QoQ, to $197 million and by 30%, to $357 million in H1. The company net debt as of June 30 totaled $2.715 billion. (Ukrainian metal)Details
In January-July Russia produced 36.5 million tons of rolled metal, up by 3.5% YoY. In July output grew by 4.6% MoM and by 5.1% YoY. According to the Federal Service of State Statistics, pig iron manufacture grew by 1%, to 30.4 million tons, with July output up by 4.2% YoY and by 4.5% MoM. Pipe…Details
An accident happened at the Severniy Mining and Processing Works – in the Pervomaysk quarry an electric tower transporter overturned. As the result of the accident one of the employees received damages. On July 27 two women-painters perished in the collapse of an elevated work platform. (Ukrainian metal)Details
Coal Energy S.A. in July mined 10.536 thousand tons of coal. This was down by 1.8% YoY and by 13.3% MoM. Coal Energy unites 10 coalmines, as well as other assets. The company business suffered considerably because of the military activities in Donbass. (Ukrainian metal)Details
The suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…Details
PJSC ArcelorMittal Kriviy Rih started an active stage of civil works for installation of new equipment of light-section mill No. 250-4. The reconstruction of light-section mill is one of the most extensive at rolling department in the last 20 years. That is one of key projects of the company’s investment program for modernization of production…Details
In January-July Zaporozhye Ferro Alloys Plant decreased output by 7.9% YoY, to 143.5 thousand tons. In particular, silicomanganese manufacture dropped by 3.4%, to 70.62 thousand tons, ferrosilicon – by 14.5%, to 46.28 thousand tons and ferromanganese – by 6.9%, to 22.14 thousand tons. Metallurgical manganese output fell by 9%, to 4.46 thousand tons. (Ukrainian metal)Details