Interpipe is conducting negotiations with its creditors on restructuring its $1.25 billion debts. “The negotiations are underway. We have officially stated our suggestions on restructuring. Our creditors are thinking. They are gathering together and discussing our offers”, the company CFO Denis Morozov said on the sidelines of InnoTrans-2018 in Germany. He noted that there were…Details
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In January-July Russia imported 26.8 thousand tons of corrosion-resistant steel pipes valued at $101 million, up 2.7-fold and 1.5-fold YoY respectively. According to the customs statistics, this is the highest result in the past years. The main supplier is Kazakhstan (57%), followed by China (22%) and Ukraine (6%). The main share in the imports falls…Details
In July, according to the customs statistics, Russia exported 10.5 thousand tons of corrosion-resistant steel scrap valued at $12 million, up by 20.4% and 1.5-fold YoY respectively. In January-July exports grew by 41.8%, to 65 thousand tons valued at $71 million, up by 60%. 75% of the volume accounted for 8% nickel-containing scrap. (Ukrainian metal)Details
In January-July Russia imported 1.31 million tons of Ukrainian rolled metal and pipes, up by 37.4% YoY. According to the customs statistics, bars and sections account for 54%, in particular, construction rebars and wire rod for 51%, up by 71.8% and 4.3-fold respectively. Deliveries of flat rolled metal grew by 2.5%, to 34%. The share…Details
In August Ukraine exported $256.639 million worth of iron ore, up by 29% YoY. Imports grew by 8.3%, to $0.013 million. According to the State Fiscal Service, the main importer of Ukrainian iron ore was China ($58.285 million). In January-August Ukraine exported $1879.874 million worth of iron ore, up by 7.8% YoY, while imports fell…Details
Magnitogorsk Iron and Steel Works (MMK) Group has developed its first program-controlled robot capable of executing the functions of an employee working on a computer. The robot was created by MMK Infoservice’s (a part of MMK Group) Center for RPA and Innovation based on innovative RPA (Robotic Process Automation) technology. The robot, which has already…Details
NLMK Group announces that Novex Trading S.A. has been renamed NLMK Trading. The name and corporate identity of the trading company that supplies NLMK products to the global market were aligned with NLMK Group’s brand. NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. (NLMK/Ukrainian metal)Details
The First Vice Prime Minister of Kyrgyzstan Kubatbek Boronov met with the President of Kumtor Gold Company, Daniel Desjardins, the Information Support Department of the Government of Kyrgyzstan reported. The parties discussed issues of the planned and production performance of Kumtor mine until the end of 2018. The First Vice Prime Minister noted that in…Details
In January-August Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 11.6% YoY, to 62,251 kg, the Statistics Committee of the Kazakh Ministry of National Economy reported. In the accounting period, the production of raw silver and semi-processed silver, or in powder form, reached 638,640 kg, down by 11%. (Kazinform/Ukrainian…Details
The Tsentralnaya gold mine in Chelyabinsk Region operated by gold producer UGC, also known as Uzhuralzoloto, collapsed on September 19, killing one person, a spokesperson for the Emergency Ministry’s local branch reported. The mine collapsed at the depth of 820 meters, when two people were working there. Reasons are currently being investigated. (Prime/Ukrainian metal)Details
East Mining Company and the Coal Seaport Shakhtersk are carrying out a joint investment project to increase coal output and export to 20 million tons per year. Since the start of the year Solntsevsky Coal Mine has extracted 5 million tons of coal in Sakhalin region. This year annual goal is 8 million tons, while…Details
Ural Boeing Manufacturing, a joint venture of VSMPO-Avisma and Boeing, has commissioned a plant to produce titanium parts for American planes on the territory of the special economical zone Titanium Valley in Sverdlovsk region. The new plant carries out machining of titanium stampings for Boeing planes, including new models (737 MAX, 777 and 787). The…Details
Yekaterinburg Non-Ferrous Metals Processing Works is expanding the range of its exports. This time the company shipped its product to Thailand, which became another step of the strategic project to develop South-Eastern Asia markets. In Thailand EZOTsM has started cooperating with a large company supplying gold, silver and platinum group metals to the local market.…Details