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)
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)
Zagorsky Pipe Works will supply over 28 thousand tons of pipes to Kolskaya Verf (Kola Shipyard), a daughter company of NOVATEK. The batch will contain the 1020 and 1420 mm pipes. They will be used in the construction of the shore structures within construction of a shipyard in the village of Belokamenka in Murmansk region.…
The losses of Metinvest in H1 amount to $329 million, or 8% of the consolidated revenue. According to the group statement, losses from the seizure of assets in the temporarily occupied regions of Donetsk and Lugansk regions totaled $293 million, with $228 million being plants and machinery and $82 million – stocks. At the same…
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…
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)
Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels. The award ceremony took place on October 10 at the Material Science & Technology 2017 International conference in Pittsburgh (USA). This award was…
In January-June Metinvest B. V. sold 38% of metal products in Europe, 21% in Ukraine, 20% in the Near East and North Africa and 11% in CIS. Metal revenue reached $1.213 billion, or 38% of the total revenue, with earnings in Europe up by 27% YoY. Experts believe that because of the new European antidumping…
