In 2017 Amur Ugol mined 3.4 million tons of coal, having exceeded their manufacturing plan by 3%. The Severo-Vostochny pit, one of the oldest in the Far East, increased output by 10% YoY, to 1.4 million tons. It was put in operation in 1932. Over 2 million tons were mined at the relatively young Yerkovetsky…
Volzhsky Pipe Works hosted a meeting with the representatives of the local authorities. The deputy governor, chairman of the industry and trade committee of the Volgograd region Roman Bekov noted the positive experience of pipe makers who occupied leading positions in exports not only in the region, but in the country as well. The works…
In December 2017 scrap procuring companies procured 357 thousand tons of scrap, up by 12% MoM, of which 305 thousand tons were supplied to the metal companies, up by 13%, and 52 thousand tons exported, up by 8%. The scrap provision rate was 104%. In 2017 out of 3.79 million tons of scrap procured, up…
In 2017 Severstal increased steel output by 0.2% YoY, to 11.651 million tons. According to the group report, pig iron manufacture dropped by 2%, to 9.158 million tons. Consolidated steel sales grew by 2%, to 10.919 million tons. In Q4 2017 steel output grew by 2% QoQ, to 3.012 million tons, and that of pig…
In 2017 the pipe rolling division of the Belarus Iron and Steel Works increased its output by 70% in comparison with 2016, the company’s press service reported. In 2017 the BMZ pipe rolling division made 141,801 tons of hot-rolled seamless pipes setting a new record for the last ten years. In 2017 BMZ shipped the…
Fitch Ratings has upgraded Ukraine-based Ferrexpo Plc’s Long-Term Issuer Default Rating (IDR) to “B” from “B-”, reads a report on the rating agency’s website. “The outlook on the IDR is positive. In addition, Ferrexpo’s senior unsecured ratings have been upgraded to “B” from “B-”. The Recovery Rating is unchanged at “RR4”,” the report says. “The…
Polyus, the largest gold-extracting company in Russia, has changed its dividend policy. The company Board of directors has approved the change of the dividend policy having set the minimum annual size of dividends for 2017 and 2018 on the level of $550 million. Thus, the amount of dividends for the corresponding period will total 30%…
UC RUSAL, a leading global aluminum producer, announces the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminum Smelter. The total amount of investment in the project reached $30 million. The project to develop the technology and launch the RA-550 site at SAZ was implemented within three years. The key advantage…
