Thanks to production cuts and the plans of the London Metal Exchange, aluminum prices in China have risen steadily, inventories are rapidly...
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Chinese aluminum producers will benefit from the stoppage of trading in Russian metals on the LME - Platts
Gazprombank stops operations in Switzerland
The Board of Directors of Gazprombank (Switzerland), part of the Gazprombank (GPB) Group, has decided to cease operations in the Swiss financial...
Russian steel production in 2022 may fall by 10% - government forecast
Russian metallurgists have been seriously affected by the sanctions, reducing their presence in the European market. The draft strategy for the...
European Council bans imports of Russian semi-finished steel under new package of sanctions
Despite the resistance of metallurgical enterprises and traders, the EU included in the eighth package of anti-Russian sanctions a ban on the import...
The production of passenger cars in Russia decreased by 2.8 times in eight months
Most of the global automakers operating in Russia in the spring suspended deliveries of cars and components to the country, and also paused their...
Donetsk and Torez electrotechnical plants will start producing electrical substations from Chuvash parts
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EU plans additional sanctions against Russian metallurgy
The European Commission is considering a ban on the import of semi-finished products from Russia in addition to finished steel products, despite the...
Russia may increase taxation of oil, gas, coal and fertilizers
The Ministry of Finance of Russia included in the draft budget for 2023-2025. proposals to increase the tax burden on producers of gas, oil, coal and...
Naftogaz launches new arbitration against Gazprom
According to the chairman of the board of Naftogaz, the current long-term contract was concluded on the terms of "pump or pay". At the same...
Russia has updated the list of strategic minerals to include rare earth metals
The basic list of strategic mineral raw materials was approved by the Russian government back in 1996 and has not been updated since then....
AvtoVAZ returned to a full working week amid growing demand for new LADA
The car assembly complex in Tolyatti will work 6 days a week with a sliding day off. These measures are necessary to meet the demand for new LADA...
Hungary allowed Russia to build two nuclear power units
The Hungarian Atomic Energy Administration issued a permit to the state corporation Rosatom to build the 5th and 6th power units of the Paks nuclear...
AVTOVAZ began equipping LADA Granta with airbags
The Russian automobile company called it a victory for the AVTOVAZ team and the company's partners in the face of a shortage of electronic...
The management company "Kuzbassrazrezugol" started testing a domestic drilling rig of a new generation
The planned productivity of the machine is 25 kilometers of drilled wells per month. In the future, the control system of the machine will allow...
Rosneft transfers refineries to its own catalysts
Rosneft refineries are gradually switching to using the company's own catalysts instead of imported ones. This week, Rosneft announced the...
Russia may cancel the excise tax on liquid steel amid a two-fold drop in prices
The zero excise rate for smelted steel may start to be applied in the event that prices for slab fall below 30,000 rubles. Such a decision will be a...
Evraz decided to get rid of its assets in the US and Canada
In order to sell American assets, Evraz, whose majority stake is owned by billionaires Roman Abramovich, Alexander Abramov and Alexander Frolov, will...
Russian metallurgists will need more than 10 years to replace imports of key equipment
Russian metallurgists are critically dependent on foreign key equipment (even rolls for rolling mills) and, due to Western sanctions, will be forced...
The strategy for the development of Russian metallurgy will be "quickly approved" in the Kremlin - Dmitry Peskov
The strategy will be designed not only to overcome current difficulties and support Russian metallurgists, but also to set guidelines for the...
A converter was repaired at Polymetal Production without shutting down production
The overhaul of the converter is carried out every four years. It is preceded by a lot of preparatory work....
Losses in the production program of NLMK since the beginning of the year exceeded 1 million tons of steel
According to the forecasts of the chairman of the board of directors of the largest metallurgical company in the Russian Federation, Russian...
Taiwan is preparing to repel the invasion of Russian steel in Asia
China Steel Corp. stated that it is closely following the offers of hot-rolled products from Russia and is ready to take steps "against unfair...
The launch of exchange trading in metals in the Russian Federation may take place before September 1
It is planned to start exchange trading at the St. Petersburg International Commodity and Raw Materials Exchange with building rolled metal: bars and...
According to the results of 2022, the Russian car market expects a decrease in sales at the level of 28%
But as early as next year, it may begin to recover, and by 2024, in physical terms, it will exceed the pre-crisis 2021 figures due to an increase in...
The United States refused to impose duties on Russian metals and increase tariffs on iron imports
Earlier, within the framework of depriving Russia of the “greatest assistance” status, the United States announced an increase in duty rates on more...
AvtoVAZ plans to produce at least 400,000 vehicles in 2023
Today, the AvtoVAZ plant in Togliatti is partially idle: of the three lines of a single car assembly plant, only the line for assembling simplified...
Australian TIG approved coal mining at the Chukchi Zvonkoye field
The company expects to bring the new open pit to its design capacity in 2023, which will significantly increase the volume of coal production. In...
The activities of the machine-building holding KONE in Russia will be terminated
KONE Corporation, the world leader in the production of elevators and escalators, has decided to leave the Russian market....
