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Date: 7 months ago   Category: Companies

Whether the situation in RUSAL how media report is so terrible?


Oleg Deripaska's company can reduce production in Siberia. I have reported about it to Bloomberg, having noted that RUSAL, perhaps, won't conclude new export contracts of the Photo: Alexander of Kolbasov/TASS the Picture which was described by the Bloomberg agency, disturbing. This week the leading representatives of branch will gather on a conference in Berlin and their partners — will discuss new contracts. Old at RUSAL expire in October, and if with sanctions nothing changes, then the company hasn't enough chances — production will go not to foreign consumers, and to a warehouse. Moreover and Reuters the other day has reported that the European companies will avoid transactions with RUSAL. That sanctions will be removed in the fall, it isn't really trusted. In the American Ministry of Finance at first, it seems, have shown that are ready to make it if Deripaska loses control in RUSAL, and the plan has been already made. But then in Washington have said that will try to obtain a full exit of the businessman from the company. All this can lead to the fact that RUSAL will reduce production in Siberia, and the giant already allegedly prepares for it. Krasnoyarsk Aluminium Smelter — one of the main enterprises of RUSAL. What is told about reduction in production, Business FM has asked the worker Victor: "At us, on the contrary, recently have started new foundry production on release of various production, I mean ingots. Everything develops. All programs, even city, weren't closed, awards didn't posokrashchat, everything is paid in time. Perhaps, RUSAL somewhere also reduces where small production, but our plant, it seems, on the second place on release, this city-forming enterprise therefore so far at us nothing was outlined". One disturbing signal was in August: RUSAL has stopped production at the plant in Karelia from where production went to the USA. As Kommersant wrote, in the company consider that because of sanctions the production of aluminum can be reduced by a third, and at the most negative scenario — even for 70%. But if to look at data on export, then everything looks not bad: he has failed in April, but then has begun to be restored quickly. And conditions now excellent: the prices of aluminum high, and ruble — weak. Also there is one more trend which speaks about much, the director of group of corporate ratings of the ACRE agency Maxim Hudalov:maksim Hudalov the director of group of corporate ratings of the ACRE agency "Notices growth of deliveries to Switzerland for June, in our opinion, demonstrates that after all the company managed to find traders probably independent which continue to buy metal in enough. Therefore risks that after October 23 export completely will stop what we also were afraid in April of decrease today". Recently there was one more message deserving attention: consumption of aluminum in Russia has grown by 12% in the first half of the year, declared in Aluminium association. It is already result of state support of the company which has fallen under sanctions. At East forum Denis Manturov has told journalists that needs to the state to buy aluminum at RUSAL not yet, but documents are for this purpose written and if on

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