In Q3 Tulachermet, the largest pig iron manufacturer in Russia, received 223.5 million rubles of net profit. According to the company statement, Q2 saw the net loss of 427 million rubles. In January-September the net loss totaled 672.6 million rubles as opposed to 1.6 billion rubles of net profit in 9 months of 2016. Revenue…
Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, has attracted a 3-year $195-million loan. The loan has been organized by BNP Paribas and issued by 6 international entities. The loan has to be repaid by December 31, 2020. In January-September Ferrexpo exported 7.526 million tons of pellets. In 2016 the group received $189.2 million…
According to the Russian Steel Association, in 2017 local steel consumption will grow by 5.5% YoY. The previous forecast, published in June, presupposed the growth of steel consumption by 2%. “The positive dynamics of metal consumption is shown by the machine-building sector – 14%. Steel consumption by car manufacturers will increase by 9%, and by…
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, was recognized in the 20th Annual Report Competition organized by the Moscow Exchange and RBC Group. NLMK topped the Best Annual Report in Metals & Mining category. NLMK also received a special Long-Standing Leadership award. NLMK Group is committed…
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, received a gold medal at Metal-Expo’2017, the 23rd international industry awards, for its integrated dust emission control project at the Lipetsk site. The project enabled a 6% reduction in gross dust emissions. The project covers 12 initiatives executed across…
Metinvest Group decided to purchase 1,800 open wagons in 2017 and 2018. The company will almost double its railcar fleet up to 4,000 cars. The decision is driven by the need to curtail a negative effect on the group from the shortage of rolling stock in Ukraine, which resulted, inter alia, from lower turnover of…