Russia: NLMK Board approves AGM agenda

The Board of Directors of NLMK Group held a meeting on April 27 during which the agenda for the Annual General Shareholders’ Meeting (AGM), to be held on June 8, was approved. The list of persons entitled to participate at the AGM will be based on the NLMK Shareholder Register as of May 14. NLMK…

Kazakhstan: metal output up in Q1 2018

In January-March Kazakhstan produced 63.2 billion tenge worth of iron ore, up by 0.8% YoY. Kostanay region saw the largest output (87.1%, or 55.1 billion tenge, down by 2.9%). It was followed by Karaganda region (10.4%, 6.6 billion tenge, up by 26.4%) and Akmola region (1.6%, 1 billion tenge, up by 41.8%). Processing industry saw…

Russia: Severstal presents innovative products for railroad car manufacture

Severstal has started manufacturing high-strength and wear-resistant steel grades. Their usage decreases the thickness of rolled metal used by increasing its strength, thus affecting the railroad cargo throughput. The company has also presented two-layer steel grades. “The Cherepovets Iron and Steel Works two-layer metal could replace foreign analogues on the Russian market, which the railroad…

Russia: Mechel net losses down in Q1 2018

In January-March Mechel decreased its net losses 1.7-fold YoY, to 5.1 billion rubles. According to the company statement, its revenue grew 2.2-fold, to 2 billion rubles. Gross profit increased 2.1-fold, to 2 billion rubles. Sales profit totaled 1.6 billion rubles, up 2.8-fold. The company fixed liabilities increased by 2.6%, to 239.7 billion rubles, while current…

Ukraine: AMKR to spend 2017 profit on development

ArcelorMittal Kriviy Rih intends to spend the 2017 profit on the manufacture development.

The decision was taken at the recent annual shareholders meeting. A new supervisory board and revision committee have also been elected.

Last year AMKR received 66.19 billion UAH of net income, with net profit at 5.06 billion UAH. (Ukrainian metal)