The board of directors of Gaysky Mining and Processing Works, a part of UMMC, recommends paying dividends for 2016 in the volume of 2 billion rubles from the profit of 2016 and undistributed profit of previous years. In 2014-2015 Gaysky GOK did not pay dividends. The final decision will be taken at the annual shareholders…
In April Vyksa Iron and Steel Works, a part of OMK, supplied 153.7 thousand tons of steel via railroad, down by 10.2% MoM and by 1.1% YoY. Delivery to the local market totaled 132.7 thousand tons, up by 4.4% MoM, but down by 10.2% YoY, while exports stood at 21 thousand tons, down by 52.2%…
Moscow decided to temporarily prolong the moratorium on the export duty of 10% for tungsten ores and concentrates. The duty was imposed in 2013. Last year on request of manufacturers the duty was cancelled until June 1, 2017. This helped Primorsky Mining and Processing Works stay afloat, as it saved some 1.2 billion rubles. The…
In January-April the trade turnover of Georgia with Turkey, its main partner, reached $452.29 million, with exports at $76.09 million, up by 18.8%, and imports at $376.2 million, down by 8.4% YoY. According to the National Statistics Service, pig iron and unalloyed steel semi-finished products ranked second in the exports to Turkey at 24652 tons…
Energomashspetsstal will supply a large batch of rolls for rolling mills to Zaporizhstal. The order will be fulfilled under the contract concluded in 2011. The company will deliver back-up rolls for cold-rolling as well as work and back-up rolls for hot-rolling. The total weight of the order is 401.58 tons. According to the delivery schedule,…
Mechel-Service has shipped the first batch of rebars for the construction of the President military school in Petrozavodsk, Karelia. The volume of the lot is 200 tons. According to the company statement, the Chelyabinsk Iron and Steel Works (a part of Mechel) rebars are used in the construction of the three-storied building. The construction is…
Nordgold has concluded an agreement with UniCredit Bank on the $75-million loan. “The company is successfully implementing its long-term strategic and operational goals, and the loan agreement with the UniCredit Group bank demonstrates our financial stability and opulence. We are glad of the cooperation with the bank and look forward to mutually beneficial work”, Nordgold…
Evraz NTMK will get the fifth line of railroad wheel processing. The contract for the delivery of the machinery has been concluded with NSH (Niles-Simmons-Hegenscheneidt). “We have signed an agreement that will allow us to improve wheel processing, thus satisfying the needs of both local and foreign markets in our products. NHS is one of…