Russia: TMK attracts 14-billion rubles loan

Pipe Metal Company has concluded an agreement with Gazprombank on a loan of 14.09 billion rubles. The funds will be provided until March 21, 2025. TMK daughter companies – Sinarsky Pipe Works, Seversk Pipe Works and Taganrog Iron and Steel Works – acted as guarantors. The agreement with SinTZ was signed on September 18, while…

Russia: UGK to cooperate with Rosgeologia

Rosgeologia and the Managing Company UGK LLC have signed an agreement on cooperation in subsoil use. The document presupposes creation of joint ventures to carry out investment projects on prospecting, estimating and developing deposits in Russia and abroad. Moreover, the companies plan to cooperate in further prospecting of unused deposits in order to put them…

Ukraine: EMSS gets another AM order

Energomashspetsstal has received a new order to produce rolls for two ArcelorMittal European enterprises. In particular, for ArcelorMittal Bremen (Germany) EMSS will produce 4 supporting rolls with the combined weight of 117 tons. 2 more rolls 40 tons each will be manufactured for ArcelorMittal Sagunto SL (Spain). The rolls have to be delivered in Q4…