The Federal Service of ecological, technical and nuclear supervision has fined Boguchansk Aluminum Works and Sorsk Ferromolybdenum Works. BoAZ was checked on November 28 – December 23, 2016 and fined for 40 thousand rubles for illegal construction of heating power plants. While SFMZ was accused of violations of the waterworks safety operation, and fined for…
In 2016 Interpipe sold 572 thousand tons of products, down by 5% YoY. According to the company statement, pipe sales dropped by 10%, while wheel sales went up by 22%. The export share in sales reached 75%. Interpipe sold 458 thousand tons of pipes in 2016. Ukraine and Europe saw the highest growth in consumption.…
Energomashspetsstal will supply a batch of polygonal ingots to SSK van Schaewen Wetter. The billets will be produced of structural grade steel and will be sent to the customer in March. The weight of the lot will total 658 tons. The ingots will serve as the raw materials for the production of parts for various…
Magnitogorsk Iron and Steel Works shipped 1,135 million tons of galvanized steel to its consumers in 2016, the most in the company’s history. The previous record of 1,116 million tons was achieved in 2014. During the past 15 years, MMK has sustainably grown its galvanized steel output. In 2002 and 2008, the company commissioned two…
Rusal has completed the debut offering of Eurobond with the following key terms: principal amount of $600 million, tenor 5 years, coupon rate 5.125% per annum. The bond proceeds will be used to refinance some of Rusal’s existing pre-export finance facility and improve the company debt maturity profile. «The company received very strong demand for…
NLMK Group, an international steel-making company with operations in Russia, Europe and the USA, announces the appointments of Anatoly Khebnev as Vice President for Procurement and Dmitry Kolesov as Vice President for Maintenance. The position of Vice President for Maintenance of NLMK Group is newly introduced. Dmitry Kolesov had been NLMK’s Director of Maintenance Planning…
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, part of Russia’s largest coal port holding Port Management Company LLC, unloaded 21,887 wagons with 1.56 million tons of coal in January, up by 62.6% YoY (959,000 tons). Maximum unloading per shift was 473 wagons, per day – 877 wagons. From the beginning of…
The bid book for the secondary public offering of Russian oil and gas pipe producer TMK was oversubscribed under the current guidance range, a banking source reported. The company guided investors for a pre-market placement price of 74.5 rubles per security. The bid book will be closed at 7.00 p.m. Moscow time on February 7,…