At a meeting held on March 5 NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q4 2017 dividends of 3.36 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Board of Directors has also recommended that the shareholders set the…
ArcelorMittal Kriviy Rih will pay all its employees a monetary reward for 2017. The so-called 13th salary will be paid by March 15 in full. According to the company statement, each employee will receive an average monthly salary. The total amount to be paid will exceed 200 million UAH. AMKR is one of the few…
Energomashspetsstal has fulfilled the contract signed with the state enterprise Electrotyazhmash Works and shipped the customer the last batch of billets. According to the agreement, signed in June 2017, EMSS had to provide the customer with 248.59 tons of billets. In February the company shipped the last batch of sleeves weighing 104.93 tons. They will…
This year Chepets Mechanical Works intends to actively develop foreign markets by promoting its products. “We understand, that if we want to further increase revenue, we have to enter the world markets”, the company CEO Deniz Anischuk said. The company has already signed agreements on the supply of titanium products. (Ukrainian metal)
Severstal Steel Decisions has designed the works to produce polymer strips for food packaging. The one-storey building will have the size of 60x66x11 meters. The metal structures weighing 230 tons were manufactured at the Orel site. The shipping was carried out according to the schedule. (Ukrainian metal)
Zarya, extracting alluvial gold in Khabarovsk territory, has started preparations for the washing season. According to the company CEO Victor Shudrenko, the season begins in May. The employees have already started arriving at Ulch and Nikolayev sites. This year the company has purchased two new sites: the Bakan Bolshoy deposits and the Detysh deep alluvial…
Energoprom and Riedhammer (Germany) have signed an engineering agreement resulting in the start of the construction of a new kiln at the Novocherkassk Electrode Works. The new furnace will improve the quality of premium graphitized electrodes of UHP 610 mm grade, as well as provide for the stability of the manufacturing process. This is a…
Interpipe notes the minimal shortage of scrap in winter on the local market, but forecasts the worsening of the situation in spring. “The market will still feel shortage. The seasonal growth of steel manufacture will start in April, winter stocks of scrap will run low, and the shortage of the raw material will be felt”,…