The Onexim Group of Mikhail Prokhorov has left the ranks of Rusal shareholders, according to the company statement on the Hong Kong stock exchange. On February 16 Onexim’s share in Rusal decreased from 6% to 0%. At the same time the share of Zonoville Investments Limited increased to 26.5% from 20.5%. Onexim, which owned 17%…
In 2017 Metinvest compensated for the decrease in demand for concentrate on the domestic market with exports. The first half-year of 2017 was difficult as to iron ore raw materials sales. “We stopped supplying iron ore raw materials to 4 Ukrainian companies – Donetskstal, Yenakievo Iron and Steel Works, Alchevsk Iron and Steel Works and…
Metinvest Group forecasts the growth of metal consumption on the domestic market at 8%. “In 2017 the domestic demand grew by 5-6%. This year we expect it at the level of 8%. We hope that the infrastructure construction and metal processing provide for the growth”, Metinvest sales director Dmitry Nikolayenko said. Last year the group…
The state enterprise Mirnogradugol has ordered Vizarremprom LLC the delivery of a chain conveyer valued at 81.98 million UAH (with VAT). The machine has to be delivered at the expense of the seller within 90 days of the full prepayment. The competitor of the winner was Promspetsvyrobnytstvo LLC, the offer of which was 3.7% more…
In January Ukraine produced 1.67 million tons of rolled metal, down by 7% YoY, of which 1.4 million tons were exported, up by 31.3%. Semi-finished products accounted for 46.7% (47.6% in January 2017), flat rolled metal – 27.3% (31.4%) and long rolled metal – 26% (21%). The capacity of the domestic market was 370 thousand…
In 2017 Izhstal increased supplies of metal to Belarus by 68% YoY, or by 7 thousand tons. Deliveries to MAZ increased 2.3-fold, to Gomselmash – 2.8-fold. Metal sales to major agriculture machinery manufacturers grew 2.5-fold, and to Minsk Wheeled Hauled Motor Vehicle Works – 3-fold. Izhstal sells metal to over 20 industrial companies in Belarus.…
In 2017 TMK Chermet supplied over 2 million tons of scrap to its key customers, or more than 10% of the total Russian scrap procurement. The company subsidiaries supplied 835 thousand tons of scrap, or 40% of the total volume. “Today TMK Chermet unites 4 regional divisions with 19 sites. The increase of our own…
Chelyabinsk Iron and Steel Works has replaced gas-purifying equipment of two machines in the oxygen-converter shop. The repair was carried out at the steel-treating machine and the continuous casting machine. “The oxygen-converter shop has seen a major reconstruction lately. We have replaced almost all the main machines and stopped using the outdated ones. Now we…