Severstal board of directors has recommended paying dividends for April-June in the amount of 45.94 million rubles. The voting on the issue will be held at the next shareholders meeting scheduled for September 14. The list of the shareholders entitled for the dividend payment will be created on September 25. (Ukrainian metal)
Zlatoust Electrometallurgical Works is carrying out a campaign to expand grade and size portfolio. Each month manufacture of a new type of product is mastered. In July the company started producing corrosion-resistant alloy on the basis of nickel. According to the tests, the quality of the slabs corresponds to all the technical conditions and GOST…
In January-June Izhstal produced 224 thousand tons of metal products, up by 9% YoY. Rolled metal manufacture increased by 12%, to 193 thousand tons. Sales of steel with special treatment of surface grew by 8%, of stainless grades without nickel – by 43%, and of speed steel – by 18%. Sales to the machine-building enterprises…
In January-June the Industrial Metallurgical Holding mined 1379 thousand tons of coking coal, up by 20% YoY. Pig iron output at Tulachermet grew by 3%, to 1201 thousand tons, mostly because of the blast furnace No. 3 modernization in 2017. Coal concentrate mining reached 1202 thousand tons, down by 4%. Iron ore output dropped by…
In January-June Ukraine mined 16.495 million tons of coal, down by 10.5% YoY. According to the Ministry of energy and coal industry, coking coal mining decreased by 8.2%, to 3.205 million tons and power-generating coal – by 11.1%, to 13.293 million tons. In June coal output dropped by 1.7% YoY, to 2.599 million tons. The…
The president of Russia Vladimir Putin has marked the environmental initiatives of Magnitogorsk Iron and Steel Works (MMK) with a letter, sent to the company’s employees, in the course of the celebrations of the Day of the Metallurgist. The letter from the Russian president reads: “I thank you for the active part you have played…
Russia’s output of unrefined and semi-refined or powder platinum decreased by 10% YoY and by 15.3% MoM in June, the Federal State Statistics Service said in a statement without disclosing absolute figures. Silver output fell by 17% YoY, but rose by 16.4% MoM. In January-June output of platinum grew by 1.4% YoY and of silver…
Russian steelmaker Novolipetsk Steel (NLMK) will continue exports of metal products to the E.U. as usual after the union’s introduction of temporary protective duties, a representative of the company reported. “We expect the tariff quotas to allow us to continue supplies as usual,” the NLMK representative said. The E.U. earlier introduced protective tariff quotas on…