The Ministry of Industry and Trade intends to provide state support to domestic metal enterprises to actively increase exports. “As to the metal industry, the development of exports depends on geopolitical factors. But the deep processing both in ferrous and non-ferrous metallurgy will provide for the increase of Russia’s export potential”, the minister Denis Manturov…Details
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The Cabinet of Ministers of Ukraine has provided over 131 million UAH to prevent the environment catastrophe and shutting down of mines in Donbass. According to the chairman of the Ministry on temporarily occupied territories and internally displaced persons Vadim Chernysh, this decision will help regulate not only the problem of the catastrophe and allow…Details
The consolidated steel output of Evraz in January-March dropped by 5.5% QoQ, to 3.3 million tons, mostly because of the decrease in pig iron production. Coking coal manufacture increased by 6.7%, to 6 million tons, thanks to the completion of works at the Alardinskaya and Uskovskaya mines’ long faces. Steel sales fell by 5.7%, including…Details
Kubal, a Swedish plant of Russian aluminum company UC RUSAL, is in negotiations with trading floor for electric power Nord Pool to recover its access to purchases, Bloomberg reported on April 26, citing the bourse. Access to power purchases on the bourse was suspended on April 18 due to a breach of clearing rules, Nord…Details
In short-term prices of metal products will remain stable, but in the mid-term they are expected to decrease. “Taking into account China’s policy, in the nearest 12 months the prices will retain their current levels”, Zaporizhstal CEO Rostislav Shurma said. “At present we are not on the worst stage of the cycle. In short-term some…Details
In 2017 Zaporizhstal decreased prime cost of raw steel manufacture by $22 per ton. “We have a complex program on prime cost decrease. Last year we took some 400 measures to decrease it, which combined provided around $22 per ton”, the company CEO Rostislav Shurma said. Zaporizhstal has faced the increase of railroad, electricity and…Details
In January-March PMH-Ugol mined 798 thousand tons of coking coal, up by 22% YoY. According to the holding statement, the increase has to do with the mines named after Tikhov and the second stage of Butovskaya mine, commissioned in May 2017, gradually reaching full capacity. Coal concentrate output at Berezovskaya factory grew by 4%, to…Details
This year Zaporizhstal intends to produce over 4 million tons of pig iron and steel. “Pig iron manufacture will see the growth of some 15% and steel – around 3.5%”, the company CEO Rostislav Shurma said. Rolled metal output is expected to increase by 5%, to 3.7-3.8 million tons. Pig iron output has considerably increased…Details
The prices of gold, silver and platinum decreased, while the prices of palladium increased in Azerbaijan on April 26, according to the data published by the Central Bank. The cost of gold decreased by 6.528 manats, to 2250.1625 manats per troy ounce compared to the price on April 25. The cost of silver decreased by…Details
Swiss commodity trader Glencore, the biggest buyer of aluminum of Russian UC RUSAL, plans to resume purchases after the U.S. softens its anti-Russian sanctions, news agency Bloomberg reported citing sources familiar with the situation. Glencore has decided that it may continue buying RUSAL’s aluminum until October, according to the sources. Glencore declined to comment. RUSAL…Details
The Jamaican government can cancel Russian aluminum producer RUSAL’s control over West Indies Alumina Company (Windalco) due to the recent U.S. sanctions against the company, Minister of Transport and Mining Robert Montague declared. “Despite UC RUSAL’s intention to continue to operate as normal, the Ministry of Transport and Mining’s analyses indicate that normal operations will…Details
Ukrainian steelmakers’ association Ukrmetallurgprom and U.S.-based World Steel Dynamics have signed a memorandum of cooperation. This agreement can make Ukraine an international platform in Europe for industry representatives from around the world. The parties intend to introduce the practice of international industry forums and conferences for leading market experts to share experience. The cooperation opens…Details
BAST intends to increase copper-nickel ore processing capacities at the Maksut deposits 3.5-fold, to 1.4 million tons per year. Additional capacities of 1 million tons will be constructed in 2019. BAST is negotiating the cooperation with a major trading company, specializing in metals. Their investments could amount to $8-10 million. This year BAST will process…Details