Debts of the bankrupt Zlatoust Iron and Steel Works are being sold with a record-high discount. The right to demand debts of Metallurg-Resurs to ZMZ valued at 1069 million rubles is offered for 690 thousand rubles. Another lot valued at 120 thousand tons is for the right to demand debts at 152 million rubles. Metallurg-Resurs…
In 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, increased iron ore pellets sales by 3.5% YoY, to a record of 11.7 million tons, while output dropped by 4% YoY, to 11.2 million tons. According to the company statement, the annual production of 65% Fe content pellets also hit a record, increasing by…
Shareholders of the Severniy Mining and Processing Works intend to allot the net profit received in 2014 and a part of retained earnings from the previous years. This will be the issue of the meeting scheduled for January 30. The shareholders will also discuss dividend issues. In 2014 SevGOK received 1545.665 million UAH of net…
A batch of ferrous rolled metal produced at Magnitogorsk Iron and Steel Works has been successfully shipped from the Aktau Sea North Terminal (Kazakhstan). The first lot to Iran was shipped by KTZ Express. “The multi-modal transportation development project, that has connected railroad, sea transportation and logistics, will increase the transit-transport potential of Kazakhstan, as…
Azerbaijan is closing down its Steel Production Complex. Azerbaijani Steel Production Complex was created in April 2013 to design, construct and manage the steel-manufacturing works. The complex had to deal with ore mining through steel-smelting. By 2018 Azerbaijan also planned to have created several works and shops to be managed by the complex, in particular…
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, announces the appointment of Cornelius Louwrens the CEO of NLMK Belgium Holdings plate business. It includes two of NLMK Group’s European sites: NLMK Clabecq (Belgium) and NLMK Verona (Italy), and together with NLMK DanSteel (Denmark), comprises the NLMK Europe Plate Division.…
The Russian Industry and Trade Ministry expects steel output to grow by 60% to 16.4 million tons by 2030, the ministry said in a scenario of accelerated development. “Under the accelerated scenario, an increase of domestic consumption to historical highs is envisaged not only with the help of fulfillment of infrastructure projects, but also by…
An individual, a major shareholder of Dniepropetrovsk Iron and Steel Works named after Komintern (Kominmet) has sold his 19.7787% of shares and ceased being an owner of the company. Kominmet specializes in the production of steel pipes and metal coating. (Ukrainian metal)