RIA Novosti reported that Russian independent gas producer Novatek has signed a deal worth an estimated RUB 121 billion to supply 27 billion cubic meters of natural gas to Mosenergo in 2013 to 2015. Mosenergo said that the signing of the ...
Tags: RIA Novosti, Novatek, natural gas, Mosenergo
RT reported that Russia's steel giant Severstal is closing down its Italian steel producer Lucchini in December. Falling demand is cutting the steel maker's profits making it leave the area along with other Russian companies. Lucchini SpA ...
Tags: steel giant, Severstal, Lucchini
The Russian steel giant Severstal released its financial report for the third quarter of this year recently. The firm's operating profits and net profits both declined in the third quarter due to dropped selling prices. In the ...
The summer slowdown appears poised to push into the fall for steel importers as excess domestic supply and low prices are eroding margins, market participants told AMM. Across the board, traders and service centers cited uncertainty in the ...
Tags: Steel
An increasing amount of Russian stainless steel pipe organizations are in all likelihood to construct new crops at home, in the strategic shift apart from international acquisitions, as they consider benefit of large earnings margins at ...
Tags: stainless steel pipe
Russian pipe producers CHTPZ and TMK have filed separate complaints regarding steel strip price increases with Russia's Federal Antimonopoly Service (FAS) against domestic steel producers Magnitogorsk Iron and Steel Works (MMK) and ...
Tags: steel strip, steel pipe