News report - Rusal increased revenue despite U.S. sanctions.
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Steel Industry News Archive

World iron and steel industry news headlines

The following news item appeared in the international steel industry press.

Title: Rusal increased revenue despite U.S. sanctions
Date: Fri, 18 May 2018 00:00:00 GMT

Report: Russian aluminum giant Rusal on April 11 warned of expected harm to its business from U.S. sanctions, sending its shares down more than 7% despite the company reporting a 20% jump in first-quarter core profit. Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ Group and GAZ Group, in response to what the United States said were Russias malign activities. Though Rusal said longer-term...
Keywords: usa, ore, rusal, sanctions, despite, russian

Source: Metalinfo.ru, Moscow, Russia.
Press release: see full report.

Related: For further information related to the CIS steel sector, see our CIS steel industry news page.




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