Russia: Metalloinvest and KamAZ expand strategic partnership in SBQ deliveries

Oskol Electrometallurgical Works, a part of Metalloinvest, hosted a meeting of Metalloinvest commercial director Nazim Efendiyev and KamAZ deputy sales general director Rustam Shamsutdinov. The parties agreed on improving the efficiency in the supply of high quality rolled steel (SBQ), including creating the stocks and switching to electronic workflow. In 2017 OEMK supplied almost 50…

Latvia: Liepājas metalurgs buyer – owner of Russian Krasniy Octyabr?

Smart Stahl GmbH (Austria) has purchased the movable property of the Liepājas metalurgs rolling shop. But it is believed that Dmitry Gerasimenko, owner of the Volgograd-based Krasniy Octyabr (Russia) could be behind the deal. He is a full owner of the Cyprus-based Segoa Ventures Limited, which owns Smart Stahl, created in April 2017. The sum…

Ukraine: Dneprometiz net profit up in 2017

In 2017 Dneprometiz increased its net profit by 79% YoY, to 58.292 million UAH. According to the company statement, its assets as of the end of 2017 totaled 714.885 million UAH, current liabilities – 533.483 million UAH and consolidated accounts receivable – 153.327 million UAH. In 2016 Dneprometiz received 34.73 million UAH of profit, as…