The Russian government is ready to support aluminum producer RUSAL, which is under U.S. sanctions, by purchasing aluminum or providing loans, Deputy Finance Minister Vladimir Kolychev said. New sanctions against Russia were introduced by the U.S. in April. RUSAL was among the blacklisted companies, which means arrest of assets in the U.S. and prohibition to…Details
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Chief Executive Officer of ArcelorMittal plants in Ukraine and Kazakhstan Paramjit Kahlon met for the first time the representatives of global trade union federation (IndustriALL Global Union) in Kyiv. The meeting was held with participation of main trade unions of Kazakh and Ukrainian plants of the group. IndustriALL Global Union / FES unites the trade…Details
The prices of precious metals increased in Azerbaijan on September 6, according to the data published by the Central Bank. The price of gold grew by 6.613 manats, to 2,035.6395 manats per ounce on September 6, compared to the price on September 5. The price of silver went up by 0.0408 manats, to 24.0932 manats…Details
In August Ukrainian coal production reached 2.904 million tons, the Trade Union of Coal Mining Industry of Ukraine informed on September 5 with reference to the Energy and Coal Industry Ministry. “In August coalmining enterprises of Ukraine of all forms of ownership extracted 2,904,151 tons of coal. The plan was fulfilled by 103%,” reads the…Details
Out of 27 operating mines in Armenia at 10 violations have been spotted. The main violations concerned tax obligations. To remove violations the mines are given 90 days. If violations are not removed, the mines licenses will be cancelled. (Ukrainian metal)Details
The state enterprise Volynugol and its structural divisions owe considerable amounts to the Pension Fund. As of August 1 the combined debt of Volynugol and its divisions reached 116.7 million UAH, including the debt on preferential pensions of 113.24 million UAH. The Novovolynsky city council has sent a letter to the minister of energy and…Details
The de-shadowing of the scrap market will provide for additional revenue of the state budget in the volume of 850-900 million UAH per year. “There are some 15 thousand scrap procuring centers in Ukraine. And all this business is in the shade. Even considering the decrease of procurement volumes, that’s some 17-18 billion UAH”, Ukrmetallurgprom…Details
Blagoveschensk Rebars Works has made the first delivery of products mastered in record-low time thanks to the use of the innovative method of parallel projection. The manufacture of new sizes of block valves DN 500 mm PN 6.3 MPa, DN 400 mm PN 6.3 MPa and DN 350 mm PN 10.0 MPa was mastered in…Details
On September 19 the city of Gelendzhik will host the 7th Russian conference “Wire-fasteners-2018”. The event will gather all the major metal wares market players from Russia and CIS. Estimates and forecasts on the development of the main market segments will be presented by managers of Severstal-Metiz, MMK-Metiz, Beloretsk Iron and Steel Works, etc. On…Details
Baikal Mining Company belonging to billionaire Alisher Usmanov has started building a plant on the Udokan copper deposit and plans to launch the first $2.1-billion stage in 2022, the company said in a statement on September 5. The annual capacity is planned at 12 million tons of ore and can rise later to 48 million…Details
Under the contract with ArcelorMittal, Energomashspetsstal has supplied 250 tons of finished metal products to Kazakhstan. The batch consisted of 10 units of bulk and heavyweight products. In particular, for ArcelorMittal Temirtau EMSS has produced 6 slag ladles with the volume of 16 cubic meters and 4 supporting rolls for the hot- and cold-rolling mills.…Details
In July world pig iron output grew by 6% YoY, to 107.767 million tons, according to World Steel Association. As usual, China is leading with 67.515 million tons. Ukraine produced 1.767 million tons of pig iron, securing the 9th place, followed by Taiwan with 1.3 million tons. In August Ukraine produced 1.733 million tons of…Details
In August, according to railroad statistics, deliveries (including imports) of steel products (rolled metal and pipes) to the bases of the major Russian trade enterprises and networks totaled 0.86 million tons. This is up by 13.9% YoY. In 8 months deliveries fell by 0.9% YoY, to 7.2 million tons. (Ukrainian metal)Details