Russia: Tagmet losses up in 2018

For the third year in a row Taganrog Iron and Steel Works has been receiving losses. Thus, in 2018 Tagmet net losses amounted to 2.139 billion rubles, up by 15% YoY. In 2017 the losses exceeded 1.86 billion rubles, and in 2016 – 885 million rubles. In 2012-2015 the company was seeing profit. Last year…

Russia: NLMK Group localizes Steeluniversity

NLMK Group, a global steel company, announces the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute (IISI). Steeluniversity is an educational project of the World Steel Association, an international association of steel producers. It is a collection of e-learning resources and interactive simulations covering major…

Russia: NLMK Board approves AGM agenda

The Board of Directors of NLMK Group, a global steel company with operations in Russia, the USA, and the EU, held a meeting on March 15 during which the agenda for the Annual General Shareholders’ Meeting (AGM) to be held on April 19, was approved. The list of persons entitled to participate at the AGM…

Ukraine: DTEK ESKO modernizes Azovstal lighting

DTEK ESKO has modernized the lighting system in the transport and treatment department of the Azovstal converter shop.

Instead of 713 old lamps, 553 LED-lamps now light the premises, consuming 90% less electricity.

The lifetime of the new lamps is 15 years.

Lighting systems will be modernized in other shop departments as well. (Ukrainian metal)

Armenia: Zangezursky Copper-Molybdenum Works fined for 380 million drams

The reserves and ore content of the Kadzharan copper-molybdenum deposit have to be reevaluated. According to the Ministry of Environment, last time the reserves were evaluated in 2006. Zangezursky Copper-Molybdenum Works, which is developing the deposit, has not been keeping the annual registry of condition and movement of natural resources. In 2014-2017 the company was…

Russia: Kosaya Gora net profit up in 2018

In 2018 Kosaya Gora Iron and Steel Works received 354 million rubles of net profit, up by 29% YoY.

Last year the company sold 13.74 billion rubles worth of products, up by 13% YoY.

Sales profit fell by 22%, to 570 million rubles. (Ukrainian metal)