Russia: Putin plans no meetings with metals firms on new taxes yet

Russia’s president Vladimir Putin does not plan an extraordinary meeting with business representatives to discuss the situation in the industry, presidential spokesman Dmitry Peskov reported. “No such meetings have been scheduled yet because the president has not approved any decision. The president agreed that the issue should be considered by the government’s experts,” he said.…

Russia: metal output up in Volgograd region

In January-May the metal industry of the Volgograd region demonstrated positive dynamics. In particular, alloyed steel output increased by 1.6% YoY, pipes, sections and fittings – by 16.6%. Metal companies transferred 1.1 billion rubles of taxes to the regional budget, up by almost 20% YoY. The average salary in the industry totaled 41.2 thousand rubles,…

Ukraine: metal industry to halt

The limitation of sulfuric acid imports will affect the whole economy, as the shortage of this raw material could halt the metal industry. “If, because of the lack of sulfuric acid, by-product coke plants shut down, the whole metal industry will halt as well”, Azovstal CEO Enver Tskitishvili said. According to him VostGOK and Sumykhimprom…

Russia: unique chromium-nickel alloy developed

The Central Scientific Institute of Ferrous Metallurgy named after Bardin has successfully carried out an import-substituting project. For the nuclear industry, machine-building, aerospace and chemical industries it has created a unique material – chromium-nickel alloy. It can be used where the improved corrosion resistance is needed. The samples were tested for over 2 thousand hours…