Severstal shareholders have approved the payment of dividends for Q1 in the volume of 35.43 rubles per share, down by 7.5% YoY. The total amount of dividends will be 29.68 billion rubles, with Alexei Mordashov as the main shareholder (77.03%) accounting for 22.86 billion rubles. In Q1 2018 the company paid 38.32 rubles per share.…
Karelsky Okatysh is carrying out a number of projects to increase product quality. In particular, the company has assembled machinery for magnetic gravity separation. The technique will be tested in the concentrate and pellets manufacture. It is expected to increase iron content by 1.5% and decrease silicon content. Another project is to decrease pellets basicity.…
The department of the inner market protection of the Eurasian Economic Committee has published a report on the investigation of the imports of some types of rolled metal. Following the investigation the department suggests imposing a special protection measure in the form of a quota for a year to prevent considerable damage to the metal…
In H1 ChTPZ expects to sell over 900 thousand tons of pipe products. According to the pipe division CEO Boris Kovalenkov, the expected drop of revenue – to 88 billion rubles – will be compensated for in H2. Net debt to EBITDA ration will be 2.5-2.75. Last year ChTPZ pipe division enterprises sold 1.92 million…
Metinvest will invest 4 million UAH in the projects to create children development centers in Kriviy Rih. The best projects will be chosen at the business idea competition organized by the Kriviy Rig Foundation of the Future and implemented with the help of Metinvest. Each project will receive a grant of at least 300 thousand…
In the lead-up to World Environment Day, ArcelorMittal Kriviy Rih invited the public to its industrial facilities that were declared in the city environmental program and already reconstructed with significant environmental benefit. Environment protection specialists of Mining and Steelmaking Complex companies, the representatives of governmental entities, local government authorities of Kriviy Rih and other cities…
Since December 2018 Promtechpostach LLC has received a number of orders from state mine groups on the delivery of cable products valued at 113.22 million UAH. Selidovugol ordered 59.7 million UAH worth of cables, Lvivugol – 43.64 million, and Yuzhnodonbasskoye No. 1 Mine Group – 9.88 million UAH. In particular, Selidovugol will receive 65 km…
Ukrainian scrap collection volumes have fallen over the past year, dented by declining availability of obsolete scrap and a sharp fall in exports. Total Ukrainian scrap collection fell by 7% YoY, to 1.04 million tons in January-April, industry association UAVtormet’s president, Volodymyr Boubley, said last week. The trend continued in May amid extended holidays at…