Interpipe has warned its agents of the Internet-fraud attempts connected with incorrect bank info. “One of our traders has received fake documents with false bank info to pay for the goods. The criminals have created a false e-mail to send out bills with the domain similar to Interpipe’s”, the company reported. Interpipe is aware of…Details
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Russian aluminum giant UC RUSAL’s Nadvoitsy Aluminum Smelter in the republic of Karelia lost a sales market due to the U.S. sanctions and has been storing its products at a warehouse for two months already, a source at the smelter reported on June 4. Warehouses have currently accumulated around 3,000 tons of aluminum. “The problem…Details
Lithuanian officials say that the US decision to impose tariffs on EU steel and aluminum imports is very disappointing, but does not mean a trade war. According to Deputy Foreign Minister Albinas Zananaviius, Lithuania is “very disappointed”, because the intensive talks between the European Commission and the United States, and efforts by other European countries…Details
The price of palladium increased in Azerbaijan on June 4, and the cost of other main precious metals decreased, according to the data published by the Central Bank. The cost of gold decreased by 12.4865 manats, to 2195.21 manats per ounce compared to the price on June 1. The cost of silver decreased by 0.0544…Details
Last week (May 28 – June 1) the price of one ounce of gold in Azerbaijan increased by 1.1135 manats or by 0.05%, to 2,209.4475 manats. The price of one ounce of silver decreased by 0.0565 manats or by 0.20%, to 27.95405 manats. The price of one ounce of platinum increased by 3.1535 manats or…Details
Zagorsky Pipe Works has put into operation a machine for the pipes geometrical parameters control. “The machine has reached the capacity of 25 pipes per hour. This will allow us making changes to the manufacturing flow and increasing the product quality almost in the online mode”, the company deputy CEO, operational director Sergey Toropov said.…Details
The Ministry of energy and coal industry has registered the state enterprise National Coal Company, with Alexei Raychev its director. The corresponding information has been added to the State Company Registry. Since 2016 and until mid-April Raychev has been chairing the state enterprise Krasnolimanskaya Coal Company. (Ukrainian metal)Details
Iron ore transportation via railroad in April grew by 7.8% YoY, to 9.7 million tons. In January-April 36.9 million tons of ore were transported, up by 3.6% YoY, with domestic transportation up by 10%, while exports down by 8%. China saw the main fall – almost 2-fold, while deliveries to Poland decreased to the minimum…Details
Two miners have died at an open extraction coal quarry in Tkibuli town. The bodies are already being examined to identify the circumstances of death. The Ministry of Internal Affairs has started an investigation into the case under the Criminal Code, which implies the violation of safety rules in mining. Another six miners died and…Details
On June 1 MMK held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK’s annual report and financial statements for FY 2017 and approved a dividend payment for the 2017 financial year of 0.806 rubles per share (including tax). Previously shareholders received interim dividends for H1 2017 of 9,710.5 million rubles…Details
Central Mining and Processing Works continues to modernize its quarry machinery fleet. According to the company CEO Dmitry Shevchik, 2 more BelAZ dump trucks with the lifting capacity of 130 tons were purchased for the mining and transportation shop No. 1. “Our investment program for this year foresees the purchase of 13 such trucks”, he…Details
Zaporizhstal has carried out the capital repairs of its blast furnace No. 5. According to the company statement, the financing of the overhaul was over 200 million UAH. The repairs lasted for 36 days. The total weight of the metal structures assembled during the repairs exceeded 1 thousand tons, and of the refractory materials –…Details
Severstal has received a certificate for the correspondence of cold-resistant cryogenic steel to the norms and standards of the European quality. This steel is used to construct the inner shell of the LNG tanks. TUV Rheinland Group has highly praised the whole manufacturing chain of the product. Cryogenic steel sheet is produced at the mill-2800…Details