MOSCOW Russian steel producer Severstal expects domestic demand to fall by 5%-7% in 2020 compared to 2019 as a result of the coronavirus outbreak, but says increased exports have allowed it to keep producing to capacity.
MOSCOW/FRANKFURT/DUESSELDORF Russian steelmaker Severstal has no plans to get involved in industry consolidation in Europe, its finance chief said, effectively narrowing a list of potential partners for Germany's Thyssenkrupp .
MOSCOW, June 1 Aluminium producer Rusal
is seeing customers returning with 20-30% of their
usual demand after a slump in April caused by fallout from the
new coronavirus outbreak, Roman Andryushin, its head of sales
and marketing, told Reuters.
MOSCOW Crimean hostel owner Natalia Kirichenko has given up hope of hosting guests this summer as the coronavirus outbreak threatens to ruin the economy of the tourism-dependent region that Russia annexed from Ukraine in 2014.
MOSCOW, May 15 Russian power grid operator
Rosseti could have to cut investments and seek
financial support in worst-case assessments made last month of
the impact of the coronavirus pandemic, according to three
sources and a company presentation seen by Reuters.
MOSCOW Russia overtook China in the number of confirmed coronavirus cases on Monday, when its tally climbed above 87,000, as pressure rose on the government to consider easing lockdown restrictions for businesses to help shore up the rattled economy.
MOSCOW Some Russian thermal power plants are moving to halt or delay maintenance as the coronavirus crisis has prevented them from bringing in foreign specialists, and they face problems with supplies of imported and Russian-made spare parts.
* Nornickel mulls palladium off-take deal with ex-partner
(Adds Rusal comment)
MOSCOW/LONDON/MELBOURNE From using drones for field inspections to stockpiling cyanide, miners are scrambling to maintain output amid the coronavirus pandemic, a task made trickier in underground mines where social distancing is nearly impossible.
MOSCOW, March 18 Russian oil and gas workers in
the Arctic Yamal peninsula could see their shifts extended by
months to shield the energy industry and its employees from the
spread of coronavirus.