Russia: TMK to pay 2.355 billion rubles of dividends

Pipe Metal Company has held an annual meeting of the shareholders.

According to the company statement, it was decided to distribute 2017 net profit as dividends of 2.28 rubles per ordinary share for the total amount of 2.355 billion rubles.

Ernst & Young was selected as the company auditor. (Ukrainian metal)

Russia: KZOTsM commissions energy resources counters

Within the second stage of the automate system of technical measuring of fuel and energy resources the Kirov Non-Ferrous Metals Processing Works is assembling and commissioning various electric energy and natural gas metering devices. The system will comprise 200 metering units to allow for a more detailed control and better planning of energy resources consumption.…

Russia: NLMK Group takes part in CWIEME Berlin

NLMK Group, a global steelmaker, participated in CWIEME Berlin 2018, the leading event for electric motor and transformer manufacturing technologies, which took place in Berlin on June 19-21. Every year CWIEME Berlin brings together over 750 exhibitors from more than 80 countries around the world, including the largest manufacturers of electric motors, transformers, generators, as…

Ukraine: iron ore exports up in May 2018

In may iron ore exports increased by 3.3% YoY, to $226.2 million. According to the State Fiscal Service, no iron ore was imported during the period. China was the largest importer of iron ore in May ($72.397 million). In January-May iron ore exports dropped by 2.4% YoY, to $1138.167 million, while imports decreased by 97.2%,…