Russia: steel output up in Q3 2017

In July-September major steel companies of Russia – Severstal, NLMK, and MMK – increased output. In particular, NLMK produced 12.6 million tons of steel in 9 months, up by 3% YoY, MMK – 9.6 million tons, up by 1.9%, while Severstal dropped steel output by 1%, to 8.6 million tons. The reason of the increase…

Russia: Evraz steel output up in Q3 2017

In Q3 Evraz produced 3.506 million tons of steel, up by 5.9% QoQ. “The consolidated steel output grew, first of all, because of the completion of the scheduled repairs of the oxygen-converter shop at Evraz DMZ (Ukraine)”, the group noted. Semi-finished products output reached 3.121 million tons, up by 4.4% QoQ. In Q4 Evraz expects…

Russia: MMK to pay dividends quarterly

The Board of Directors of PJSC Magnitogorsk Iron and Steel Works on October 16 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM. Dividends on issued shares of PJSC MMK will be paid based on the results of the first nine months…

Kazakhstan: 62.69 tons of gold produced in January-September 2017

In January-September Kazakhstan produced 62,697 kg of unwrought gold, up by 16.3% YoY.

According to the Statistics Committee of the Ministry of National Economy, production of unwrought silver in the reporting period amounted to 792,535 kg, down by 12.5% from January-September of 2016. (Kazinform/Ukrainian metal)

Kazakhstan to limit coal export

Kazakhstan offered to limit the export of coal for the period of preparation for the heating season. This proposal was received from the Ministry of Economy of the Republic of Kazakhstan. Electric Stations JSC informed that there are no problems with the supply of Kazakh coal to the Bishkek Heating and Power Station: 261,119 tons…

Russia: RMK gets Mining Award

The Russian Copper Company has been awarded the “Socially responsible company of the year” at the 11th annual “Russian Mining Award”. In 2016-2017 RMK carried out a number of social projects aimed at developing territories around its enterprises and improving the living standards of the population. The company also finances the construction and repair of…

Russia: OMK supplies LDP to Kazakhstan

The United Metallurgical Company has completed the delivery of large diameter pipes with corrosion-resistant coating and joints to Kazakhstan. The volume of the products shipped exceeded 12 thousand tons. Customers were the largest power-generating companies of the country – Kaztransgaz and Kaztransoil, both parts of the national company KazMunayGaz. OMK delivered 1220 mm diameter pipes…