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Alexander Brechalov, governor of the Udmurtia Republic, has visited Izhstal under its industrial tourism program. In particular, he paid a visit to the electric arc shop. In 2010 a new steel smelting complex was commissioned in the shop. The complex consists of an arc furnace with the capacity of 40 tons of liquid metal, a…
DetailsRussian aluminum producer RUSAL is reregistering the business in a special administrative zone in Kaliningrad, Yelena Bezdenezhnykh, vice-president for regional policies and government relations, said at the St. Petersburg International Legal Forum. “RUSAL is relocating to Kaliningrad, as you know, there is reregistration,” Bezdenezhnykh said. “In this case this is one of the good examples…
DetailsMetalloinvest has in advance bought a part of its bonds issued in 2013 with maturity in 2020. In order to optimize its loan portfolio, the company using its own funds has bought back bonds valued at $62.114 million. Thus, there are now bonds valued at $270.615 million with maturity in April 2020 in free float.…
DetailsUkrainian Railways will soon announce new trade in scrap in the ProZorro system. “In early May, Ukrzaliznytsia announced 8 auctions in the ProZorro system. 1 auction was cancelled due to a technical error, while there were no bids on the other 7 auctions”, the company reported. Ukrzaliznytsia intends to reform the lots and announce new…
DetailsOn May 16, 4 auctions to sell scrap via the ProZorro system, organized by Ukrzaliznytsia, did not take place. The Ukrainian Railways intended to sell 8.7 thousand tons of scrap for 50.5 million UAH, 4.5 thousand tons for 25.3 million UAH, 7 thousand tons for 44.6 million UAH and 16.2 thousand tons for 103.7 million…
DetailsPrecious metals prices decreased in Azerbaijan on May 17 compared to the prices of May 16. The price of gold fell by 17.034 manats, to 2,187.0500 manats per ounce. The price of silver dropped by 0.4213 manats, to 24.7221 manats per ounce. The price of platinum went down by 27.302 manats, to 1,412.2070 manats per…
DetailsEmployees of Georgian Steel LLC, created on the basis of the Rustavi Iron and Steel Works, have started striking demanding their wages to be increased and labor conditions improved. According to them, the wage level has not been changed for 12 years, with the average salary being 570 lari ($206). The strikers demand their wages…
DetailsThe Ministry of Economic Development has granted the status of the resident of the Prokopievsk Advanced Development Zone to the Prokopievsk Casting Plant LLC. The company intends to produce cast billets of steel and pig iron for machine building, processing factories, agriculture, etc. The total cost of the project is 7 million rubles. 20 new…
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