Following successful restructuring of its debts Interpipe will strengthen its investment program for 2020-2022 with $136 million. “Restructuring has finished as planned. We have been able to agree with our creditors. The issue has been settled. Now we have a reinforced investment program – $136 million for three years”, the company CFO Denis Morozov declared.…
DetailsSince the start of the washing season Vitim, developing alluvial sites in Irkutsk region, has extracted 2,693 kg of gold, down by 4% YoY. The operation at the sites will traditionally end in November. This year the company intends to extract 2,800 kg of gold. In 2018 the output totaled 2,936 kg of gold. (Ukrainian…
DetailsIn January-October Mechel-Service increased sales of high value products: flanged beams, metal wares and bars. In particular, growth of beam sales amounted to 10%, metal wares – 20% and bars – 25% YoY. Mechel-Service sells over 100 types and sizes of beams of S255 and S345 steel grades. (Ukrainian metal)
DetailsIn January-September Russian exports amounted to $311.4 billion, down by 4.8% YoY. Metal accounted for 9.3%, down from 10%. Exports of aluminum grew by 14.2% and ferroalloys – by 5.1%. At the same time the exports of pig iron dropped by 19.9%, rolled metal – by 15.2%, and semi-finished products – by 7.9%. (Ukrainian metal)
DetailsThe board of directors of Russian metals giant Norilsk Nickel has recommended paying 604.09 rubles per common share, or a total of around 95.59 billion rubles, in dividends for January-September. The shareholders will consider the recommendation at an extraordinary general meeting on December 16. The shareholder register for the meeting will close on November 22.…
DetailsIn September Russia exported 8.7 thousand tons of ferromanganese, up by 9% MoM and by 58% YoY. Deliveries to the USA dropped by 48%, to 1.5 thousand tons, and by 7% to Ukraine, to 516 tons. At the same time, Russia resumed exports to Turkey (1.4 thousand tons) and Canada (902 tons). Deliveries to Kazakhstan…
DetailsOver 900 tons of Evraz NTMK hot-rolled flanged beams have been used in the construction of the Ryazanskaya transfer hub of the Moscow Subway. The company produced 45 B2 and 60 B2 class flanged beams with the strength class of S255. The beams have been delivered by Evraz Metal Inprom. (Ukrainian metal)
DetailsIn October Dneprospetsstal increased metal output by 3.1% MoM, to 18,756 tons. Rolled metal manufacture grew by 10.8%, to 13,125 tons. In monetary terms output increased by 14.7%, to 725.614 million UAH. All the shops exceeded their sales plan. (Ukrainian metal)
DetailsIn 2019 steel consumption in Russia will grow by 7.6% YoY, to 42.5 million tons. According to the Chermet Corporation Vice-President Yuri Mishin, there was no growth in consumption last year, it even decreased by 1.7%, to 39.5 million tons. In H1 2019 steel exports dropped by 9.7%, or by 1.5 million tons. Imports decreased…
DetailsIn January-October Ukraine exported 40.736 thousand tons of ferrous scrap valued at $11.31 million, down 7.8-fold and 9.1-fold YoY respectively. According to the State Fiscal Service, in October 103 tons of scrap were exported, in September – 3.551 thousand tons, in August – 155 tons, in July – 204 tons, in June – 208 tons,…
Details