Gas, Aluminium

Sechin states that USA has gained control over UC Rusal using sanctions

The US administration, using sanctions, actually gained control over UC Rusal, head of Rosneft Igor Sechin said in the framework of the panel session of the St.

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Metallurgy-2014: under “star” of Mechel

The outgoing year in metallurgy will be remembered by everyone, first of all, due to events with Mechel. In 2014, the most indebted company in the industry lost most of its capitalization. It was threatened with bankruptcy, default, was asked to sell assets, restructure its debt and convert it into shares. It was threatened with the dismissing of its general director and principal owner of the company Igor Zyuzin from its management - but there are still no specifics on the future of Mechel.
The first problems of Mechel were found at the end of February, when its shares "went" down for unknown reasons, although some analysts suspected that this was due to its debts. The manipulation with the shares was attributed to speculators, and the Central Bank undertook to investigate. But no one then imagined that everything would go so far.
But the company also had positive aspects in the current year, in particular, the sale of assets, and the fall of the ruble allowed it to significantly reduce its debt.

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"Surgutneftegas" and NLMK benefit from the weak rouble.

"The revenue for the companies is in dollars, while the majority of their costs are in roubles, so the weak rouble makes the costs in dollar terms less", - the UBS analyst, Konstantin Cherepanov is happy for the raw materials and metallurgical companies. According to Bank of America Merrill Lynch estimates the revenue of the oil companies can grow by almost 5% with the 10% devaluation of the rouble. The effect of a weak rouble is more visible for the metallurgists - this year's change of course will give some of them an additional 12% rouble revenue.
Oil and Gas.
The underrun of the oil and gas industry is due to the fact that rapid devaluation only compensates for the drop in the oil prices. So raw materials of the Brent brand fell by 16.8% to $ 92.19 per barrel since the beginning of the year, the rouble over the same period depreciated against the American currency by 22.5%. In this case, since the beginning of Q3 the oil and the ruble are on a par – the currency fell within that period by 18.2%, and the oil - by 18%.

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Russian metallurgy increases

After stagnation of 2013, the Russian metallurgic sector has increased production again despite he common negative tendencies in the economy balancing near the zero. In H1 2014, the sector increased by 2.4% compared to 1.2% in Q1 2014.
The rolled steel yield increased by 3.9% including by 4.7% more of sort steel and by 3.7% more of steel plates. Sort steel yield increases mostly at the expense of growth in demand at the internal market by the construction sector. Last year they launched several new electric metal mini-mills producing hardware with total capacity of over 1.5 million tons. Steel plates yield increases at the expense of growth in exports. FTS reports that exports of flat sections made of carbonaceous steel increased in H1 2014 by 5.3% to 4.0 million tons, the highest results for the latest 4 years. Growth in exports is connected with ruble devaluation and political crisis in the Ukraine due to that the Ukrainian metal commodities was partially substituted with the Russian analogues. Due to this reason in 2014 one can observe growth in internal demand for the commodities of the Russian metal plants.

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Alcoa to start investment project without Rosnano

The American Alcoa has decided not to work with Rosnano in the first phase of creating the production of drilling pipes with nano-coatings in the Samara region. The Head of Rosnano, Anatoly Chubais believes that the company can still return to the project at a later stage. However, sources of the Kommersant claim that the participation of Rosnano at the first phase of the project isn’t particularly required: nanotechnologies will be used later.
The joint venture of Rosnano and American Alcoa in the Samara region "has been modified", the Head of Rosnano, Anatoly Chubais reported. According to him, the project for the production of drilling pipes with a nano-coating, which was originally planned to be carried out in the format of the joint venture, will be implemented, but Alcoa will invests on its own at the first stage. "There is a project, but there is no partnership," - Mr. Chubais noted. He didn’t directly link this with the sanctions against Russia. Alcoa stated to the Kommersant that the decision wasn’t connected with the sanctions.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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In January of 2013, export prices increased by 0.5% in Kazakhstan, and import prices decreased by 1.7%

In January of the current year, the prices of metals exported goods grew by 0.5% in Kazakhstan, and the prices of imported goods decreased by 1.7%, the Statistics Agency reports.

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