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Russian state nuclear corporation Rosatom’s fuel company TVEL has signed a cooperation agreement with German titanium supplier Hermith to create a joint venture for manufacture of titanium products with a high added value, TVEL said. The venture will sell its products to aviation, car, and pharmaceutical companies, TVEL said, adding that the agreement also…
DetailsMariupol Ilyich Iron and Steel Works has been awarded for the development of the labor potential. The plant was awarded at the XI forum of the Employers Association. Avdiivka Coke and Chemical Works was awarded in the category “Despite crisis”. (Ukrainian metal)
DetailsGold prices decreased in Azerbaijan on April 17 compared to the prices on April 16. The price of gold fell by 12.2655 manats, to 2,172.0475 manats per ounce. The price of silver increased by 0.1243 manats, to 25.5532 manats per ounce. The price of platinum dropped by 7.6925 manats, to 1,498.9155 manats. And the price…
DetailsIn January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…
DetailsMetalloinvest has elected a new board of directors. In particular, the board now features Ivan Streshensky (chairman), Andrey Varichev, executive director, Vakhtang Kocharov, executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, Irina Lupicheva, non-executive director, Valeriy Kazikayev, independent non-executive director, Galina Aglyamova, independent non-executive director, and Dmitry Tarasov, independent director. Vakhtang Kocharov has…
DetailsAccording to World Steel Association (WSA) April report, this year world steel demand will grow by 1.3%, to 1735 million tons. Next year the growth will continue (by 1%), to 1752 million tons. In the CIS countries the steel demand will increase by 1.4%, to 57 million tons. And in 2020 it will grow by…
DetailsThe Belarusian steel mill BMZ and Turkish companies signed framework agreements on supplying metal products worth over $14 million during a Belarusian-Turkish business forum in Ankara on April 16. The agreements were signed by Director General of OAO BMZ – Managing Company of the Holding Company BMC Anatoly Savenok. In particular, BMZ intends to ship…
DetailsTrubodetal has successfully mastered the manufacture of pipeline joint parts with silicate-enamel coating. Such joints can withstand high temperature and their service life is 50 years. Pipes and joints with silicate-enamel coating are used to transport oil with high hydrogen sulfide content. (Ukrainian metal)
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