Magnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…
In April Zlatoust Iron and Steel Works electric arc welding shop No. 2 produced 3880 tons of liquid steel with the target of 4770 tons. The decrease of output, according to the deputy manufacturing director Oleg Rodionov, has to do with the shortage of scrap in early April. Shop No. 3 was in the same…
Novolipetsk Iron and Steel Works has produced the 250-millionth ton of hot-rolled metal since its mill 2000 was put into operation in 1969. This volume equals to the weight of 39 Great Pyramids of Giza or 1500 Burj-Khalifas. The first Soviet mill of the third generation – mill 2000 – with the capacity of 5.78…
Gazpromtrubinvest intends to enter the new segments of the market, where the pipes, which cannot be welded, are used. Thus the company will build a seamless pipe manufacture. A three-roll technology will be used to reach the precision of the welded products. After the construction is complete, GPTI will have a unique manufacturing complex to…
Magnesit Group has begun an active stage of a major investment project realization – the construction of the fused magnesia manufacture. The company has signed an agreement with Sinosteel, China. The construction at the Satka manufacturing site of the group in Chelyabinsk region will commence in autumn. The company will build a plant with the…
Evraz (Russia) has entered into an agreement to sell its PJSC Evraz Sukhaya Balka iron ore mining and beneficiation plant in Ukraine to a firm belonging to Oleksandr Yaroslavsky’s DCH Group for $110 million excluding the debt, Evraz said in a statement. “Berklemond Investments Ltd, a part of Oleksandr Yaroslavsky’s DCH Group, has acquired Evraz…
The first cargo ship loaded with deficient anthracite coal arrived in Ukraine from the Republic of South Africa, the press service of Rinat Akhmetov’s DTEK wrote on Facebook. “Our first ship with South African coal arrived in Ukraine. We will shortly begin shipping the scarce anthracite to the warehouses of our thermal power plants,” the…
Since the beginning of the year the Electrocable Kolchugino Works (EKZ) shop No. 3 has produced 1.5 billion rubles worth of power cables, up by 9% YoY. The growth is explained by the massive overhaul began in 2016. “We have serious goals. In the next couple of years we plan to invest over 1 billion…
