Metalloinvest will build a heat treatment facility for hot-rolled steel at OEMK. The heat treatment facility will have an annual capacity of 70,000 tons of high-quality (Special Bar Quality, SBQ) bars, and will be established within the enterprise’s finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant No.…
At the Annual General Shareholders’ Meeting (AGM) held on June 8 in Lipetsk, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were…
The newly elected Board of Directors of NLMK Group held its first meeting on June 8 following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors approved a schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the…
At the Annual General Shareholders’ Meeting (AGM) held on June 8 in Lipetsk, NLMK shareholders approved the payment of FY2017 dividends of 14.04 rubles per share (considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2017 is 3.36 rubles per share). Shareholders also approved the payment of dividends for Q1…
A worker of the mine of Vertex Gold Company was injured, eyewitnesses reported. The 34-year-old worker was hospitalized in serious condition. He’s in intensive care unit. The mine of the gold mining company is located in Chatkal district of Jalal-Abad region. The main activity of Vertex Gold Company is the development and extraction of minerals.…
The rolled metal consumption is expected to grow by 3-3.5% in 2018. According to Denis Dyatlov, MMK Trading House director, consumption will grow in car manufacture and machine-building, and will remain on the same level in pipe industry. Unfortunately, the construction industry shows negative results. In January-April rolled metal consumption dropped by 2%. This year…
According to Igor Malyshev, director of the Fund of pipe industry development, the pipe market is still facing the problem of quality dumping, indicated by a growth of faked products sales, in particular, used pipes, which are sold as new under forged documents. The volume of the shadow market is considerable – over 1 million…
Market players expect stabilization of supply and demand in the second half of the year. Small and medium diameter pipes consumption growth is expected on the level of 5%, and seamless pipes – 3%. The second half of the year will see a seasonal increase of demand for small and medium diameter pipes, while the…