Noginsk Pipe-Sections Works has started manufacturing round electric welded pipes. So far the company can produce pipes with the diameter of 57 mm and 20 mm. By the end of the year the company intends to have mastered the manufacture of pipes with the diameter of 15, 25, 32, 40 and 50 mm. (Ukrainian metal)
The British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…
The net debt of KAZ Minerals as of September 30 decreased to $1.986 billion from $2.052 billion as of June 30. In Q3 the company also paid interest on the loans in the amount of $99 million. Royalty payments totaled $49 million. The gross debt of the group is $3.502 billion. (Ukrainian metal)
As of today, one seat in the Board of Directors of Canadian company Centerra Gold Inc. is vacant, press service of Kyrgyzaltyn OJSC reported. According to it, changes were made in the company’s board. Powers of a board member, Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economy, Finance and Investments Bektur Sagynov were…
In August Metinvest decreased its EBITDA by 12.45% YoY, to $204 million. The revenue dropped by 17.65%, to $891 million. The group sold 349 thousand tons of semi-finished products at $164 million: 198 thousand tons of pig iron ($83 million), 108 thousand tons of slabs ($58 million) and 43 thousand tons of square billets ($23…
The supervisory board of Dneprospetsstal has once again extended the powers of the acting chairman Vitaliy Korniyevsky for 3 months. The decision was taken at the board meeting on October 31. On April 23, 2009 the supervisory board relieved Daniel Valk of the duties of the chairman, having appointed Vitaliy Korniyevsky instead. Since then his…
The Moscow Stock Exchange has started trading in futures contracts for non-ferrous metals (aluminum, nickel, zinc and copper). The size of the aluminum and zinc lots is 1 tons, and of nickel and copper – 0.1 tons. Three series of futures have been allowed for trading – with maturity in December 2018, as well as…
Beloretsk Iron and Steel Works has been awarded the title of a reliable supplier by one of the largest bearing works of Russia – Vologda Bearing Plant. The companies have been cooperating since 2004. BMK is supplying bearing wire with the diameter of 0.8 to 1.5 mm to VBP. The wire is used to produce…