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Articles with tag "metals"

Russia’s Severstal Reports Sharp Profit Drop, Negative Cash Flow

Severstal, controlled by billionaire Alexei Mordashov, posted a third-quarter profit of 12.99 billion rubles ($160 million).

Russian Titanium Giant Cuts Workweek Amid Falling Demand

VSMPO-Avisma is the world’s largest titanium producer, accounting for 90% of Russia’s total output.
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Russia’s Metals Industry Faces Layoffs, Shortened Workweeks – Reuters

"There is a quiet cutback going on in the metals industry," a Reuters source said, citing weak demand, high interest rates and the strong ruble as the...
2 Min read

Russia Plans Bankruptcy Moratorium to Shield Struggling Steelmakers – Kommersant

Analysts said that the proposal is aimed primarily at coal and steel producer Mechel, which is controlled by Igor Zyuzin.
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Russia Nearly Doubles Precious Metals Exports to China in 2025 – Bloomberg

With Western markets largely closed, China has become one of the few remaining major outlets for Russia’s lucrative precious metals trade.
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Russian Steel Giant Reports Sharp Output Decline

Russia’s total steel production fell 8.6% in 2024 and another 7.2% in early 2025, the steepest drop among major producing countries.
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Metallurgical Plants in Occupied Ukraine Seek Russian State Aid Amid Industry Crisis

Metallurgical and coking plants in the Russian-occupied Donetsk and Luhansk regions face declining demand, falling prices and soaring production costs...
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Abramovich Faces London Lawsuit Over Norilsk Nickel Asset Deal

The move escalates an already complex and acrimonious legal battle that has raged for more than 15 years.
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Russia’s Top Ferroalloy Producer to Cut Workweek Amid Metallurgy Crisis

The Chelyabinsk Electrometallurgical Plant said it has been forced to launch an “anti-crisis program.”
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Russian Steel Executive Rings Alarm Bells for Struggling Industry

A strengthening ruble and high interest rates have choked demand and profitability, making imminent production cuts and plant closures a possibility.
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Russia’s Rusal to Cut Aluminum Production Amid Rising Costs, Sluggish Demand

Rusal said it would cut output by 250,000 metric tons as profit margins are squeezed by record-high alumina prices.
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China Disguising Imported Russian Copper as Scrap to Avoid Sanctions – Reuters

The shredded metal is harder to trace, making it easier to sell to Chinese manufacturers and keep doing business with buyers wary of Russia.
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