The 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…Details
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NLMK 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…Details
The state enterprise Selidovugol has ordered Donenergoexport LLC the delivery of 332 tons of inert dust valued at 1.16 million UAH. The cost of 1 ton of inert dust is 3510 UAH with VAT. At present Donenergoexport LLC is the main supplier of inert dust to the state enterprises of Ukraine. Last year the company…Details
The state enterprise Ukrzaliznytsia has ordered Interpipe Ukraine LLC the delivery of tyres for the rolling stock valued at 80.97 million UAH. This year Interpipe will have to supply 4322 tons of tyres manufactured by Interpipe Nizhnedneprovsk Pipe Rolling Works not early than October 1, 2017. The price of the contract is 1% lower than…Details
Interpipe and Vallourec intend to create a joint venture to produce steel pipes for the European market. The cooperation will not cover pipes for oil and gas extraction. The JV will only produce linear pipes, general usage pipes as well as machine-building products. “Pipes will be finished at the line built at Interpipe Niko Tube…Details
In January-March Kuzbassrazrezugol mined 11.1 million tons of coal (including almost 1.6 million tons of coking coal), up by 2.5% YoY. Sales grew by 1.8%, to 10.3 million tons. Exports accounted for 70% of sales: 7.3 million tons were exported, and 3 million tons supplied to domestic customers. The company factories processed over 10 million…Details
In January-March Mechel-Materials produced over 47 thousand tons of mineral additives for concrete, up by 14% YoY. This product is used as an alternative to one of the concrete mix components and is manufactured at the line of the grinding and mixing complex commissioned in 2013. Refractory output grew by 44% YoY, to some 40…Details
In January-March Kazakhstan produced 1.167 million tons of steel, up by 7.6% YoY, with 431 thousand tons produced in March, up by 10.9% YoY and by 21.3% MoM. Ferroalloys output in March reached 168 thousand tons, up by 9.1% MoM and by 1.1% YoY. In 3 months manufacture grew by 2.5% YoY, to 494 thousand…Details
In January-February Russia exported 495 thousand tons of pipes valued at $390 million, up by 64% and 2.6-fold YoY respectively. According to the customs statistics, Turkey was the main buyer of Russian pipes with the share of 29%, up 23-fold. Finland imported 27.2% of pipes, up by 22.8%. Large diameter pipes accounted for 65% of…Details
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has launched construction of a processing plant – the key facility of the Gross gold mine in the republic of Yakutia, the company said in a statement on April 19. The plan’s projected processing capacity is 12 million tons of ore per year. The company…Details
RUSAL has met with Chinese companies and traders this week to discuss purchases of alumina and sales of aluminum as the U.S. sanctions freezed out the Russian producer from markets around the world, Bloomberg reported on April 19, citing people with knowledge of the talks. RUSAL is looking for alternative sources of alumina, the raw…Details
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…Details
The 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…Details