NLMK Group, an international steelmaking company with operations in Russia, the European Union, and the USA, has been recognized as a leading exponent of investor relations among European steel companies by the European investment community. Ratings were compiled by IR Magazine based on an independent perception study among over 600 members of the European investment…
Employees of a state enterprise engaged in coal mining were decreasing real price of the products thus damaging the state budget by 3.5 million UAH. Since mid-2016 the employees have been decreasing the quality characteristics and price of coal and selling it to the controlled companies. After that the coal was sold at market cost…
ArcelorMittal Kriviy Rih miners, who wanted to go on strike on July 26, demanding the increase of salary, postponed it till August 2. But the company management again says the event will be illegal. On July 26 the miners had a meeting instead of strike. “The AMKR administration welcomes the decision of the employees to…
The authorities of the Republic of Mordovia are interested in developing Saranskcable. According to the acting chairman of the republic Vladimir Volkov, in 3 years the modernization project received 630 million rubles, and in H1 2017 – 106 million rubles more. In particular soon the works will start manufacturing metal. Most of the equipment has…
The Prime Minister of Kazakhstan Bakytzhan Sagintayev criticized the ArcelorMittal Temirtau CEO Paramjit Kahlon. In particular, the prime minister said that it was hard for the local business to start supplying to the works, and it was difficult to buy AMT products. For local customers rolled metal at the Temirtau warehouse is $30 per ton…
Zakamensk, mining for tungsten in the Republic of Buryatia, is working on creating a tungsten manufacture at the Jidinsky Tungsten-Molybdenum Works. To produce tungsten the company will use ammonium paratungstate, obtained from the concentrate, as raw materials. At first the company will produce trial batches, and in 5 years it is intended to start full-scale…
In June railroad transported 5.4 million tons of ferrous metals, down by 5.3% YoY, and 35.2 million tons in 6 months, down by 1%. Inner transportation in June increased by 7% YoY, while exports dropped by 13% (to Italy – 2-fold, to Mexico and Belgium by 40%). At the same time deliveries to Kazakhstan and…
The Pipe Metallurgical Company has started manufacturing casing pipes of corrosion-resistant chrome-nickel alloys TMK-S. The first batch of TMK-S pipes has been produced at Tagmet and shipped to Lukoil. The alloy has been developed for pipes used in oil and gas extraction with high content and partial pressure of sulfuretted hydrogen and carbon dioxide. “This…
