The Federal Antimonopoly Service has initiated a case against railroad wheel manufacturers – Vyksa Iron and Steel Works and NTMK. They are suspected of setting monopoly high prices for wheels. The service reported a considerable increase in price since H2 2017. In April the Eurasian Economic Committee increased antidumping duty for Interpipe wheels from 4.75%…Details
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Prices of precious metals increased in Azerbaijan on October 16, according to the data published by the country’s Central Bank. The price of gold grew by 6.5875 manats, to 2,084.217 manats per ounce on October 16 compared to the price on October 15. The price of silver went up by 0.0557 manats, to 24.94 manats…Details
In just one week there appeared 3 announcements on the start of bankruptcy procedures of Svetlinsky Ferronickel Works. Three claimants are EnergosbyT Plus Company, Absolut Bank and an individual. The combined volume of claims is 48 million rubles. The situation at the works worsened in spring, when the experiment to commission the newest energy saving…Details
In January-September Belarus Iron and Steel Works sold $1.136 billion worth of metal. This is almost on par with the whole last year level. Exports reached 1.5 million tons valued at $941 million, up by 9.2% and by 35.5% YoY respectively. In 9 months the company produced 1.8 million tons of steel, 1.56 million tons…Details
Navoi Mining and Metallurgical Combine has commissioned a new site to produce rare and rare-earth metals. The company occupies the 7th place in the world in uranium mining and uranium oxide concentrate production. The uranium concentrate is the main product of the ore group No. 5, where a new site has been commissioned. It will…Details
Rosselkhozbank has provided a loan to the Abinsky Electrometallurgical Works LLC, the largest metal company in Southern Russia. With the help of the loan, the company has modernized and increased its capacities, as well as infrastructure. Until the end of the year AEMZ will commission a metal wares shop, which will create additional jobs. The…Details
None of the large diameter pipe suppliers attended the Gazprom tender to supply pipes for the Kovykta-Chayanda site of the Sila Sibiri (Power of Siberia) pipeline to China. In mid-September Gazprom komplektatsia LLC announced 5 purchases of 601.904 thousand tons of LDP for the expected amount of 47.415 billion rubles. The pipes had to be…Details
As of October 1, the Daksib LLC alluvial gold output in Irkutsk region totaled 160.6 kg, down by 26.3% YoY. As of October 1, 2017 the company washed 217.9 kg of gold. Last year the output totaled 232.6 kg. This year the company intends to extract 265 kg of gold. Daksib owns 4 licenses in…Details
In January-August Severstal Distribution increased sales to Serwistal (Poland) by 70% YoY. The company supplies hot-rolled flat metal, as well as galvanized and polymer-coated rolled metal. The metal is then processed into sheets and strips. “We have been cooperating with Serwistal since 2010, but it is now that we have considerably increased our sales due…Details
In 2018 Yekaterinburg Non-Ferrous Metals Processing Works kept on expanding its geography of exports. This year the company has entered the new markets in Europe and Southeastern Asia, having started deliveries to Spain (products for medicine industry) and Thailand (standard silver samples). Thus, the EZOTsM exports geography has expanded to 33 countries. In 2015 the…Details
Elgaugol LLC has commissioned a weighing control unit. The unit is used to weigh loaded trucks. The premises of the weighing unit are fully automated: all the information is shown on the screen and is then saved. The new unit will improve the speed and the precision of the truck weighing. (Ukrainian metal)Details
In November Ukraine is expected to produce 1.8 million tons of steel and pig iron each, as well as 1.6 million tons of rolled metal. As of October 10, 20 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 7 out of 15 electric arc furnaces and all…Details
The militants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, have transferred the Dokuchaevsk Flux-Dolomite Complex, once a part of SCM, to Vneshtorgservice, a company linked to the fugitive oligarch and the accountant of the Yanukovich family – Sergey Kurchenko. The transfer has to do with the fact, that,…Details