Shares of Russia’s steel manufacturer Evraz went up by 7.05% in London trading on Monday to $535.8 after Fitch Ratings upgraded the company’s ratings to 'BB' from 'BB-', TASS reported.
The rating agency said on Monday that the upgrade reflects Evraz's successful reduction of its net debt to $4 billion....
Three U.S. mills, Nucor, US Steel and AK Steel, are objecting to a request made by Russia’s Evraz to exempt Russian steel slab imports from the United States' Section 232 tariffs, filings with the U.S. Bureau of Industry and Security (BIS) reveal.
According to Platts, if successful, these objections could...
Sanctions worth almost $1 billion could be the result of Russia and Japan’s retaliation against U.S. tariffs on steel and aluminum, Reuters reported on Tuesday citing documents published by the World Trade Organization.
The filings from Russia and Japan, following similar documents last week by the European Union and China, notified...
The world’s largest diamond miner by output, Russia’s Alrosa, is targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize, Mining Weekly reports.
According to CEO Sergey Ivanov, the company, which typically hasn’t promoted stones outside Russia, contributed $25 million to the...
Glencore and Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminum after the U.S. Treasury allowed an extension of the deadline for companies to divest from the Russian firm under U.S. sanctions, sources told Reuters.
There was no other detail about the request, but...
Nord Pool, the leading power market in Europe’s Nordic region, restored access on Tuesday to Rusal’s Swedish aluminum smelter after it was suspended from trading last month in the wake of U.S. sanctions on the Russian company, Reuters reported.
Nord Pool suspended Rusal’s Kubal smelter from trading on its exchange on April...
The share of Russian-made pharmaceutical drugs for cancer treatment almost reached 50% in its segment of the market in 2017, rising from 13.2% to 46.9% over the past five years, Izvestya reported citing a report by the Ministry of Industry and Trade obtained by the newspaper.
Meanwhile, the share of Russian...
Steel volumes increased on Europe’s steel market after the United States imposed import tariffs, as some manufacturers diverted their product to the European Union, the head of Germany’s steel association said, according to Reuters.
“In the first three months (of 2018), imports from Russia rose by 139 percent from a...
The Supervisory Board of Alrosa company has approved the acquisition of Kristall Smolensk Diamonds, the largest Russian producer of polished diamonds, the company said. Kristall is now fully owned by the Russian state.
According to Interfax agency, the company will assess the value of Kirstall’s shares and send it to...
Russia’s oldest car company GAZ is reported to have said that it may have to cease vehicle assembly in Russia in June because of recently imposed U.S. sanctions, Automotive Logistics reports. The Washington measures have blocked the import of automotive components from the U.S., Germany and the Czech Republic.
Since...
