Russia: gold output up in May 2019
In May Russia increased gold output by 11.5% YoY. At the same time compared with April the output dropped by 16.3%. In January-May gold manufacture in Russia grew by 24.4% YoY. (Ukrainian metal)
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Ukraine: coal output down in January-May 2019
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The sanctions imposed by Russia on the delivery of pipes from Ukraine didn’t have an impact on Interpipe. “Losses from sanctions are not considerable. The products yielding the biggest income in Russia have long been prohibited”, Interpipe CFO Denis Morozov said, adding that there was a duty of 27% on Interpipe pipes on the Russian…
DetailsUkraine: Ferrexpo to buy 400 gondola cars
Until the end of the year Ferrexpo plans to buy 400 gondola cars. The decision is due to the strategic plans of Ferrexpo to increase pellets output. In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)
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DetailsRussia: Severstal Distribution sales up in Q1 2019
Severstal Distribution was able to increase sales on its traditional markets, having avoided a fall after it ceased operating in Ukraine. “Because of economical risks we were forced to leave Ukrainian market. But these volumes have been compensated for by the growth of sales in the European part of Russia, as well as Central, Northern…
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