NLMK might be forced to shut down its American business, if US does not exclude the slabs from the list of goods affected by the duties. In March NLMK USA submitted a claim to the Department of Trade to exclude the slabs from the list. It claims that it will have to import slabs in…Details
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In April Rusal works decreased aluminum exports by 70% MoM and by 68% YoY, to 76.7 thousand tons. In March the company experienced an export growth of 13% MoM. Despite the ease of sanctions, none has resumed cooperation with Rusal. But all the major works in Siberia are operating. At the same time the aluminum…Details
Following almost 26 hours of discussion, the representatives of the employer PJSC ArcelorMittal Kriviy Rih and labor collective, despite of disagreements, reached an agreement to create reconciliation commission for settling collective labor dispute, which was registered earlier with the order of National Mediation and Conciliation Service in Dnipropetrovsk region. The parties have agreed to delegate…Details
The prices of main precious metals increased in Azerbaijan on May 7, according to the data published by the Central Bank. The cost of gold increased by 5.933 manats, to 2237.5315 manats per troy ounce compared to the price on May 4. The cost of silver increased by 0.1588 manats, to 28.119 manats per ounce.…Details
Dneprovsky Iron and Steel Combine, a part of the Industrial Union of Donbass, is increasing the salary of its employees by 25-30%. According to the company statement, the salary increase follows the order of the CEO Alexander Podkorytov. From April 1 the salary has been increased by 23%. (Ukrainian metal)Details
Last week the price of one ounce of gold in Azerbaijan decreased by 15.283 manats or by 0.68%. Accordingly, the average price of one ounce of gold stood at 2,232.4842 manats. The price of one ounce of silver decreased by 0.471 manats or by 0.17%, to 27.8553 manats. The price of one ounce of platinum…Details
Energomashspetsstal is finishing the project to produce billets for the Akkuya Nuclear Power Plant (Turkey) first power block machinery. This year the total weight of deliveries under the contract has reached 650 tons. The last billets will be sent in late May. Among the total list of products a large drum shell could be highlighted.…Details
Within the program of major machinery modernization Yekaterinburg Non-Ferrous Metals Processing Works is expecting the delivery of the Schmidt drawing machine for wire manufacture. “The machine absolutely meets the requirements of our company. It is much up-to-date than its analogues, used in our drawing manufacture now. Because of that the highest quality of products is…Details
Vyksa Iron and Steel Works has produced 10 million tons of hot-rolled coils since the commissioning of its foundry-project complex. The complex started operating in October 2008 and was the first iron and steel works built in the Russia’s newest history. The VMZ complex produces hot-rolled steel coils with the thickness of 1-12.7 mm and…Details
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announced that the Board of Directors at its meeting on April 26 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21. The record date for the list of shareholders eligible to participate in the AGM…Details
Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its operational results for the first quarter of 2018. Andrey Varichev, CEO of Management Company Metalloinvest, commented: “In the first quarter of 2018 Metalloinvest continued the successful implementation of its strategy to…Details
The minister of energy and coal industry Igor Nasalik has held a meeting with the employees of the Novovolynskaya mine No. 9 of the state enterprise Volynugol. According to the Independent Miners’ Union chairman Mikhail Volynets, the miners have arrived at the capital for the meeting. Last year the Novovolynskaya No. 9 miners several times…Details
In March world pig iron manufacture decreased by 1.37% YoY, to 100.7 million tons. According to World Steel, in 3 months pig iron output dropped by 0.56% YoY, to 290.875 million tons, with China still being the leader with 60.455 million tons produced in March. Ukraine in March produced 1.678 million tons of pig iron…Details