Severstal has expanded the possibilities of its Internet store – now customers can participate in auctions to buy metal. Auctions are held some 3-4 times a week, according to schedule. On average around 10 thousand tons of metal is sold through such auctions. Deliveries are performed from Severstal Distribution warehouses and from Cherepovets Iron and…
On November 8 Magnitogorsk Iron and Steel Works Board of Directors recommended that the Extraordinary General Meeting of shareholders scheduled for December 8 approve a dividend of RUB 1.111 (before taxes) per share, representing a total of approximately $214 million at the current exchange rate, for the first nine months of 2017 on MMK’s issued…
ArcelorMittal Temirtau is finishing the first stage of MES (Manufacturing Execution System) project implementation valued at over $6 million. The project is being implemented in the continuous-cast department, bars shop and sheet-rolling shop No. 1. The second stage is planned for 2018-2019. The system will be implemented in sheet-rolling shops Nos. 2 and 3, hot-galvanizing,…
Revda Non-Ferrous Metals Processing Works has supplied 25 tons of LAMsh77-2-0.05 pipe for an oil-processing plant. Soon another two batches of pipes will be supplied. In January-September Revda Works produced 451 tons of LAMsh77-2-0.05 pipe, up 7.5-fold YoY. According to the company, the growth has to do with the favorable market situation and marketing strategy.…
The pipe-rolling shop of Taganrog Iron and Steel Works has completed the scheduled modernization and repair of the PQF mill, which produces seamless hot-deformed pipes. The repair will result in the decrease of maintenance time and quality improvement. For the first time since the mill has been put in operation the company has replaced beams…
In January-September Ferrexpo exported 7.525 million tons of iron ore pellets. In particular, its Poltava GOK exported 5.739 million tons and Yeristovo GOK – 1.786 million tons. At the same time Metalloinvest exported 4.268 million tons of pellets, including 2.568 million tons from Mikhailovsky GOK and 1.7 million tons from Lebedinsky GOK. Karelsky Okatysh exported…
In October Ukrainian iron and steel works received 270 thousand tons of scrap, down by 7% MoM. According to Ukrmetallurgprom, in October scrap-procuring companies prepared 310 thousand tons of scrap. Thus, 40 thousand tons were exported, down by 20% MoM. The metal industry in October was provided with scrap on the level of 89%. In…
The deputies of the Parliament didn’t support the introduction of customs duties on the export of gold ore. The decision was made on November 9 at a meeting of the Parliament. It was suggested that the rates of export customs duties on ore and concentrates of precious metals should be approved by the government at…