Ukraine: ZZhRK to pay 850 million UAH of dividends

Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.

According to the company statement, the dividends will be paid from March 20 till July 27.

The dividends will be paid for 2014.

In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)

Russia: ZEMZ starts producing new size slabs

Zlatoust Electrometallurgical Works has expanded its product range.

The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy.

This is the first time that the company produces billets in this size. (Ukrainian metal)

Russia: KZOTsM starts manufacturing new products

In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…

Russia: VIZ-Stal decreases power intensity of transformer steel manufacture

In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…

Ukraine: Metinvest buys some Avdiivka Coke shares

Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%.

The company bought the shares on the secondary market.

The Metinvest B. V. share in the voting shares of the company totaled 95.1176%.

The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)

Russia: Mechel net losses up in 2017

In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…

Russia: Vysochaishiy relocates to new office

Vysochaishiy (GV Gold) has relocated to a new business-center in Moscow situated on the Kadashevskaya Embankment Street. According to the company statement, the agreement to lease 1.3 thousand square meters was concluded with BASF in November 2017. The company occupies the whole floor of the office block. Vysochaishiy is among top-15 gold-mining companies in Russia.…

Ukraine: pellets exports in January 2018

In January Ferrexpo exported 921.8 thousand tons of iron ore pellets. In particular, Poltava Mining and Processing Works exported 875.3 thousand tons of pellets and Yeristovo GOK – 46.5 thousand tons. Karelsky Okatysh, a part of Severstal, Russia, exported 447 thousand tons of pellets. Metinvest in January exported 345.7 thousand tons (CGOK – 218 thousand…

Russia: Evraz retains control over Sibuglemet

Evraz has won the VEB competition to manage Sibuglemet. According to the sources, the new management contract was concluded on “the same conditions” (Evraz has been managing the asset since 2015), but details were not disclosed. Sibuglemet capacity is 5 million tons of coking coal per year. Its reserves are estimated at 300 million tons.…

Ukraine: Metinvest to shut down Donetskkoks

Metinvest decided to liquidate Donetskkoks, situated in Ukraine-uncontrolled territory, as a legal entity. According to the official statement, the issues of the company liquidation and the creation of the liquidation committee are on the agenda of the annual shareholders meeting to be held on March 29. In 2017 Donetskkoks decreased net loss 11.5-fold YoY, to…