PJSC Magnitogorsk Iron and Steel Works Board of Directors held a meeting on March 1. The Board approved May 31 as the date for the Annual General Meeting of Shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 6 at the close of trading on…
The physical volume of deals with gold on the Moscow Exchange remained flat YoY at 5.3 tons in February, the exchange said in a statement. The amount of deals with silver grew by 37.5%, to 2.461 tons. In monetary terms, gold and silver deals amounted to more than 11.4 billion rubles, down from 13 billion…
The accounts of Energomashspetsstal in 10 Ukrainian banks have been arrested to fulfill the ruling of the court and clear electricity debts to DTEK valued at 224.37 million UAH. DTEK has numerous times since 2015 asked EMSS to clear the debts for the electricity provided, but to no avail. In January-February the company 4 times…
The net profit of the Russian titanium giant VSMPO-Avisma fell by 1.8%, to 18.789 billion rubles in 2018, as calculated under Russian Accounting Standards (RAS), the company said in a report March 4. Revenue increased by 23%, to 89.1 billion rubles, gross profit rose by 31%, to 40.1 billion rubles, and sales profit grew by…
The former head of Russia’s Federal State Property Management Agency Dmitry Pristanskov will return to metals giant Norilsk Nickel as a vice president this week. Pristanskov used to work at Norilsk Nickel as a director for federal and regional programs from 2014 through 2016. (Prime/Ukrainian metal)
Russian steelmaker Novolipetsk Steel (NLMK) plans to invest around $2.1 billion in production development until 2023, the company said in a presentation on March 4. The company plans to allot $510 million to increase steel production at its Lipetsk facility by 1 million tons a year and $420 million to build a power plant. Average…
Russian aluminum giant UC RUSAL has focused on restoring temporarily lost ties with clients after the abolishment of the U.S. sanctions in late January, CEO Yevgeny Nikitin told Bloomberg on March 4. The company is currently in talks over contracts for 2020, he said. RUSAL has already resumed partnership with a number of clients, but…
On March 2, the bar-rolling shop No. 1 of the Oskol Electrometallurgical Works produced the 45-millionth ton of rolled metal. The anniversary ton was the bearing steel rounds of 85 mm in diameter. The rolled metal was shipped to a customer in Kazakhstan. (Ukrainian metal)
