Russian oil and gas pipe producer TMK will hold a roadshow for its secondary public offering (SPO) in England and the U.S on February 1-2, and will guide investors for a pre-market placement price of 74.5 rubles per paper, a banking source reported. The bookbildung will be finished on February 2, the source said. On…
Bogoslovsky Aluminum Works, a part of Rusal, has put the decomposing battery No. 1 into operation. The volume of the battery is 2.2 thousand cubic meters; the construction lasted for 1.5 years. Investments into the project totaled 147 million rubles. The new machine will process aluminum solution and increase alumina manufacture by 87 thousand tons…
The new generation blast furnace “Rossiyanka” of the Novolipetsk Iron and Steel Works produced the 20-millionth ton of pig iron since being put into operation in 2011. “Rossiyanka” is one of the most productive blast furnaces in the world and the first and only furnace constructed on the post-USSR territory for the last 25 years.…
In 2016 Izhstal, a part of Mechel, increased output by 50% YoY. Output volume totaled 378 thousand tons; sales volume reached 375 thousand tons. Steel manufacture increased by 32% YoY, to 261 thousand tons; that of rolled metal – by 33%, to 343 thousand tons. The highest growth was achieved in stainless and alloyed steel…
In December 2016 salary debts to state miners decreased 5.9 times, from 212.19 million UAH to 36.09 million UAH as of January 1, 2017. According to the Ministry of energy and coal industry in 2016 the average salary of a state coal employee totaled 6576 UAH, up by 9.8% YoY. The data concerns only the…
ArcelorMittal Kriviy Rih intends to invest $375-400 million into development of its business in Ukraine, which will result in the creation of 30 thousand jobs. “I’m sure the strong industry will lead Ukraine to success”, the Prime Minister of Ukraine Vladimir Groysman commented. In October 2016 Groysman made a business trip to Kriviy Rih where…
According to Norilsk Nickel in 2017 it expects the nickel output to reach 206-211 thousand tons against 236 thousand tons in 2016. Copper output is expected to grow by 4.7-7.5% YoY, to 377-387 thousand tons. Palladium output is forecast to total 2636-2732 thousand troy ounces against 2618 thousand troy ounces in 2016. A slight reduction…
In 2016 the sheet-rolling shop of Cherepovets Iron and Steel Works, a part of Severstal Russian Steel, started producing over 8 new types of steel at its 5000 mill. In particular, the new types include high-strength F500W steel with the thickness of up to 70 mm, which has passed the certification of the Russian Maritime…