Russia Metals and Mining

Russian and global market of flat products: October, 10-17

There are no changes on the Russian sheet metal market. Prices on the spot continue to slowly decline, and sellers can’t stop this process for a while.

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In the first 9 months, Severstal’s net profit grew 1.8 times

In the first 9 months of 2018, the net profit of Severstal under IAS increased 1.8 times to $1.473 billion.

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In the first 9 months 2018, Krasnoyarsk region increased oil production by 7% to 18.6 mln tons

In January-September 2018, oil and gas condensate production in the Krasnoyarsk region increased by 7% compared to the same period in 2017 and amounted to 18.62 million tons.

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Alfa-Bank issues 2.5 bln rubles to Pipe metallurgical company

Alfa-Bank has allocated funding in the amount of 2.5 billion rubles to Seversky pipe plant (STZ, part of TMK).

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Chinese Zijin to maintain gold production at the level of 2017.

The Zijin Mining Group, a Chinese mining corporation, planned to mine nearly 37 tons of gold by the end of the year, Chen Jinhe, the chairman of the Zijin board, stated on the sidelines of the Chin

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HGM gold production remains at the same level as last year.

The company expects to receive nearly 265,000 ounces of gold and gold equivalent.

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Uchaly GOK starts construction of new facilities of waste water treatment plant

Uchaly GOK (enterprise of raw materials complex of UGMK) has started the next stage of a project on implementation of the second stage of industrial wastewater treatment facilities.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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