In a letter sent to KVV Liepājas metalurgs administrator Vita Dika, Privatization Agency’s subsidiary FeLM board member Jānis Rībens and CItadele Bank on 17 April, the consortium, which includes companies like British Steel, Greybull Capital and Estonian company Baltic Metal Holding, affirmed its interest in purchasing all assets of the insolvent company. According to available…
DetailsThe prices of the main precious metals increased in Azerbaijan on April 19, according to the data published by the Central Bank. The cost of gold increased by 13.906 manats, to 2297.992 manats per troy ounce compared to the price on April 18. The cost of silver increased by 0.8118 manats, to 29.2889 manats per…
DetailsThe State Committee for Industry, Energy and Subsoil Use announced an auction for the right to explore geologically a placer gold deposit in Naryn region. At-Bashi 1 deposit is located in At-Bashi district of the region. In 1937 Tajikzoloto trust started prospecting works there. They were resumed in 1943. In the 1980s searches in this…
DetailsIn January-March Russia produced 1.1 million tons of metal structures, down by 5.1% YoY. According to the Federal Service of State Statistics, in March the output grew by 8.2% MoM. (Ukrainian metal)
DetailsDCH, which bought Dneprovsky Iron and Steel Works from Evraz in March, has appointed Gennady Bergeman the company CEO till the end of the year. The decision was made on April 13, as Bergeman’s office would expire on May 3. In 2017 DMZ revenue totaled $586 million, its assets cost $153 million. The company gross…
DetailsIn January-March Russia decreased output of raw and semi-refined gold, or gold powder by 1.6% YoY. According to the Federal Service of State Statistics (Rosstat), in March gold output dropped by 7.1% YoY, but increased by 1.7% MoM. (Ukrainian metal)
DetailsIn January-March TMK sold 980 thousand tons of pipes, up by 1% QoQ and by 16% YoY. Seamless pipes sales remained almost on the level of the previous quarter, but grew by 3% YoY, to 677 thousand tons. Welded pipes sales increased by 4% QoQ and by 64% YoY, to 303 thousand tons. OCTG pipes…
DetailsIn March the prices of industrial goods dropped by 0.9% after a growth of 1% in February and of 0.1% in January. According to the Federal Service of State Statistics, non-ferrous metals prices increased by 4.5%, pig iron, steel and ferroalloy prices – by 2.8%, other primary steel wares – by 2.5%, and aluminum prices…
DetailsRussian aluminum giant UC RUSAL has submitted state support proposals for refining of primary aluminum to the Industry and Trade Ministry, Minister Denis Manturov reported on April 18. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including RUSAL. U.S. Investors were allowed to sell the shares and bonds of…
DetailsRussia’s government will not restrict sales of titanium to U.S. aircraft maker Boeing as retaliation to the latest set of U.S. sanctions, as it will hurt domestic titanium producer VSMPO-Avisma, Industry and Trade Minister Denis Manturov said. “We will not support such decisions as they will primarily hurt sales of VSMPO-Avisma. Why would we make…
DetailsIzhorsky Pipe Works will produce and supply some 18 thousand tons of large diameter pipes for the construction of pipelines, which will connect the Amur gas-processing plant with the Power of Siberia gas pipeline. According to the contract, ITZ will produce pipes with the diameter of 1420 mm and the wall thickness of 32 mm…
DetailsIn February, according to the customs statistics, Russia exported 528.4 thousand tons of unalloyed flat rolled metal, down by 25.7% MoM and by 31.1% YoY. In January the results were up by 1.6% and by 17.8% respectively. In 2 months exports totaled 1.24 million tons, down by 9.6% YoY. Turkey imported the most flat metal…
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