According to Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, following the successful debt restructuring completed in March, one of its subsidiaries has secured a new financing facility as part of an equipment leasing agreement. Ingulets GOK, one of the group’s key iron ore producers, has agreed to…
Metal products exports with the duty of 30 euro per ton bring to the state budget 5 times more than the scrap export of the same volume. “According to our calculations, 1 ton of scrap, processed into metal at the duty of 10 euro, gave 10 times more to the budget than 1 ton of…
Dneprospetsstal has closed its office in Moscow. The decision has been taken by the company supervisory board. “The office will be closed due to the economical inexpediency of its further operation”, the company said. The office was a representative and the protector of DSS trade interests in Russia. (Ukrainian metal)
Enterprises of the mining and metallurgical complex bring 30% of Ukraine’s gross domestic product, Prime Minister Vladimir Groysman declared. “If $1 billion is invested into the sphere in the next couple of years, it will become more competitive, more systematic, creating Ukrainian product. The complex in the structure of our GDP is 30%. This is…
The NLMK Group Annual General Meeting was held in Lipetsk on June 2. NLMK shareholders approved the payment of dividends for FY 2016 in the amount of 9.22 rubles per ordinary share. Taking into account the interim dividends paid for January-September 2016 in the amount of 5.84 rubles per ordinary share, the amount outstanding to…
Energomashspetsstal has signed a contract to produce and delivery machinery for Bharat Heavy Electrical Limited. According to the agreement, EMSS will produce 3 turbine generator rotors of low pressure. The total weight of the machinery is 197.7 tons. The delivery to the Indian city of Haridwar is scheduled for Q4 2017. (Ukrainian metal)
On June 7 the Russian union of metal suppliers together with the Association of steel construction development will hold a round table “Development of cooperation of metal structures manufacturers and metal suppliers” within the II international specialized exhibition Metal Structures’2017. In the course of the event its participants will discuss the cooperation in delivery of…
Shareholders of NLMK Group at its Annual General Meeting on June 2 voted to confirm Oleg Bagrin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, which includes five independent directors. Nine members of the Board of Directors were elected, including five independent directors: Vladimir Lisin, Oleg Bagrin,…