The prices of the main precious metals decreased in Azerbaijan on April 20, according to the data published by the country’s Central Bank. The cost of gold decreased by 15.9375 manats, to 2282.0545 manats per troy ounce compared to the price on April 19. The cost of silver decreased by 0.0597 manats, to 29.2292 manats…
DetailsNovelis, the world’s biggest producer of rolled aluminum products, will no longer purchase metal produced by Russian aluminum giant UC RUSAL to comply with U.S. sanctions. The company said that it could reduce its dependence on aluminum purchases from RUSAL. “Accordingly, we are confident that the risk for any material disruption in production will be…
DetailsRussia is demanding compensation from the United States for its decision to impose worldwide tariffs on steel and aluminum, a Russian statement published by the World Trade Organization shows. The United States maintain that the tariffs are based on national security concerns and fall outside the remit of the WTO rules, but Russia, China, India…
DetailsRussia’s aluminum deliveries to Japan have been halted over US sanctions, Rusal Japan Director Kunihiko Higashi reported on April 19. “Further aluminum deliveries have been cancelled,” he said. “Our buyers have said they cannot make payments to Rusal, which is related to the recent US sanctions. Such notices were coming to us one after another.…
DetailsIn January-March Kapan Mining and Processing Works processed 154 thousand tons of ore, up by 34% YoY. Mining totaled 157 thousand tons, up by 36%. Gold contents in ore processed totaled 1.8 g, down by 13% YoY, silver contents – 33 g, down by 24%, copper – 0.3%, up by 11%, and zinc – 1.31%,…
DetailsUzbekistan Iron and Steel Works has developed a draft law on altering the article No. 219 of the Administrative responsibility Code. The company suggests imposing responsibility for violation of ferrous metals scrap procurement and trade. Since September 2017 the works has been appointed the only authorized company to procure (buy) ferrous metals scrap in Uzbekistan.…
DetailsIn January-February Russia exported 639.4 thousand tons of raw aluminum valued at $1261 million, up by 49.2% and by 91% YoY respectively. In February the average price was $1952 per ton, up by 25% YoY. (Ukrainian metal)
DetailsIn January-February Russia exported 152.6 thousand tons of primary copper valued at $1051 million, up by 23.1% and by 51.6% YoY respectively. In February the average price was $6932 per ton of primary copper, up by 22.81% YoY. The price of copper wire rod was $6785 per ton, up by 25.4%. (Ukrainian metal)
DetailsThe most productive blast furnace in Russia – the NLMK Rossiyanka – has smelted its 25-millionth ton of pig iron. The blast furnace was commissioned in 2011. Investments exceeded 43 billion rubles. This was one of the largest construction projects in Russian metallurgy. NLMK capacity increased by 36%. In 2017 Rossiyanka produced 3.8 million tons…
DetailsShareholders of three mining and processing works belonging to Metinvest intend to spend the combined amount of 4.86 billion UAH to pay dividends for 2017. The corresponding decisions are included in the agenda of the shareholder meetings scheduled for May 18. In particular, Severniy Mining and Processing Works plans to spend 2.16 billion UAH of…
DetailsIn January-February exports grew by 17.9% YoY, or by $1.1 billion, to $7.4 billion. According to the Ministry of economical development and trade, the main importers of Ukrainian goods were the EU countries, Singapore, Belarus, Turkey, Moldova and Iraq. “The goods that saw the biggest increase in sales were steel semi-finished products (up by $98.3…
DetailsThe press secretary of the president Dmitry Peskov has said that so far there are no ready-made scenarios to help Rusal, but a temporarily nationalization of the company could be one of the forms of state support. “There are various views on how to help the companies affected by US sanctions. This is just one…
DetailsNLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018. Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the company had implemented or…
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