In January-September Uralelectromed received 656.2 million rubles of net profit as opposed to 294.4 million rubles of net loss in 9 months of 2018. Revenue grew by 20.3%, to 35.5 billion rubles, while gross profit dropped by 22.6%, to 3.7 billion rubles. Accounts receivable totaled 5.5 billion rubles as opposed to 5.3 billion rubles last…
On November 13 the Board of Directors of MMK approved a new version of the company’s dividend policy. In line with the new dividend policy, the Board of Directors of MMK will now be guided by the following established principles when making recommendations on dividend payments: – Тhe amount allocated for dividend payments will usually…
During the Belarus-Austrian business forum Belarus Iron and Steel Works has signed agreements with Austrian partners on exports in 2020. In particular, the company will supply over 270 thousand tons of metal products valued at some 100 million euros. The agreements were signed with Belmet and PisecGroup. BMZ and Austria have been cooperating for 35…
The commission of the Tula-Steel Iron and Steel Works has been named the most important event in the Russian metal industry in 2019. The award ceremony took place during the Metal Expo’2019 exhibition. The works was put into operation in July. Its capacity is some 1.8 million tons of rolled metal. Investments reached 55 billion…
In Surgut district Sverdlovsk Railroad transported 2.1 million tons of cargo in October, up by 1.3% YoY. In January-October transportation grew by 1.8% YoY, to 19.6 million tons. In particular the railroad transported 84.5 thousand tons of ferrous metals, up by 29.8%, and 28.7 thousand tons of metal wares, up by 0.3%. At the same…
Severstal Steel Decisions has produced over 160 tons of metal structures for the construction of the second stage of the rubber goods plant in Kaluga region. In production the company used steel manufactured at Cherepovets Iron and Steel Works. In 2016 Severstal Steel Decisions produced and supplied some 450 tons of metal structures for the…
Another plant to produce high-strength steel wire will be constructed in the MMK industrial park. MMK, MMK-Metiz, MMK-Industrial Park and Terwingo LLC have signed an agreement on cooperation. The agreement presupposes the joint work to create the manufacture of wire products. Investments in the project are estimated at 8 billion rubles. The new manufacture is…
The Verkhovna Rada intends to bring the operations on the ferrous scrap market out of the shadow. This will help attract some 900 million UAH of additional taxes and payments to the state budget. 80% of the Ukrainian scrap market operates in the shadow. In 2018 the shadow market volume amounted to 16 billion UAH.…