Russia: Severstal-Balakovo turns 10

Severstal Bar Works Balakovo is celebrating its 10-year anniversary. The project of construction was of the Greenfield category, as it was built from scratch. The employees of the key professions were trained at the Cherepovets Iron and Steel Works. At present the number of local employees at the works is 95%. The first rolled metal…

Russia: TMK pays off $231 million of Eurobonds

TMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January in the total nominal value of $231 million on January 29. The $500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK…

Ukraine: SCM companies to pay 329 million UAH of dividends

Vesco, Druzhkovka Mine Group and Ogneupornerud, all controlled by System Capital Management, will jointly pay 329.023 million UAH of dividends for January 15 – July 31. In particular, Vesco will pay 224.21 million UAH, Druzhkovka Mine Group – 47.75 million UAH and Ogneupornerud – 57.05 million UAH. The corresponding decision was taken at the extraordinary…

Ukraine: AMKR holds the top spot in the list of major taxpayers of steelmaking industry

The State Fiscal Service of Ukraine announced TOP-100 major taxpayers of Ukraine in 2017, where PJSC ArcelorMittal Kriviy Rih took one of the leading positions Last year 100 major taxpayers increased their payments to the state budget by 21.6% YoY, to UAH 258.3 billion. PJSC ArcelorMittal Kriviy Rih took the first place among other Ukrainian…