Kazakhstan: AMT invests $9 million in galvanizing shop modernization

For a couple of years now ArcelorMittal Temirtau has been modernizing its hot-galvanizing and aluminum plating shop.

In 2016 investments exceeded $4 million.

In 2018-2019 the modernization will continue.

During the modernization period, 8 investment projects have been realized aimed at improving quality of products, efficiency and decreasing environment impact. (Ukrainian metal)

Russia: MMK best employer

MMK has been named the best Russian employer by Forbes. The company was one of the 4 Russian companies to enter top-500 of the World’s Best Employers rating, occupying the 214th position. “Retaining the leading positions on the world metal market and demonstrating the considerable industrial dynamics, MMK has among its priorities the social responsibility”,…

Russia: Demidov opens warehouse in Nizhniy Novgorod

The Demidov Group of Companies has opened a new warehouse in the city of Nizhniy Novgorod.

There customers are now offered sheets, bars and sections. All the metal is certified.

In addition to the standard service mix the new warehouse also offers cutting metal to the clients specifications. (Ukrainian metal)

Russia: Mikhailovsky GOK gets new drilling mill

Within the Metalloinvest program on the modernization of the mining and transport complex Mikhailovsky Mining and Processing Works receives new machinery.

In September the company mining fleet was increased with a new drilling mill.

It has already been assembled.

It is planned to be put into operation at the quarry this month. (Ukrainian metal)

Russia: Rusal sells 3% of shares

Victor Vekselberg and Mikhail Prokhorov received a total of 2.46 billion Hong Kong dollars ($315 million) from the sale of some 3% of Rusal shares. 456 million shares were placed at 5.4 HKD, with a 7.5% discount. There were 70 offers, with top 10 investors acquiring over 60% of shares. Of the volume sold Vekselberg…

Russia: MMK output up in January-September 2017

In January-September MMK increased steel output by 1.9% YoY, to 9.569 million tons.

Pig iron manufacture grew by 3.1%, to 7.509 million tons.

Sales went up by 1.2%, to 8.759 million tons.

In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)