Russia: CherMK completes sheet shop repair

Cherepovets Iron and Steel Works has finished repairs in the sheet-rolling shop valued at 10.8 million rubles.

In particular roll ovens No. 1 and 2 have been repaired. The overhaul was carried out by the specialists in 4 days.

Some 40 employees were involved in the work. (Ukrainian metal)

Russia: Renova Group seeks control over Petropavlovsk

Multi-industry holding Renova Group of businessman Viktor Vekselberg will endeavor to obtain control over Petropavlovsk Plc, which operates gold deposits in Russia and in which Renova holds a 22.34% share stake and a 6.88% convertible bond stake. Renova and friendly funds Sothic Capital Management and M&G Debt Opportunities, part of Prudential, jointly holding about 40%…

Russia: TMK places 10 billion rubles of bonds

Pipe Metallurgical Company has placed BO-07 bonds valued at 10 billion rubles (10 million shares at 1 thousand rubles each).

The interest rate is 9.35%.

The circulation period is 10 years, with a 4-year option.

The organizers were ATON, Alfa-Bank, BCS Global Markets, VTB Capital, Sovcombank and UniCredit Bank. (Ukrainian metal)

Ukraine: Metinvest secures new financing facility in equipment leasing deal

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…

Ukraine: DSS closes its Moscow office

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)

Ukraine: EMSS to fulfill BHEL order

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)

Russia: metal suppliers to discuss cooperation with structures works

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…

Russia: NLMK shareholders reelect president

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,…

Russia: Nornickel and the Trans-Baikal territory enter into a cooperation agreement

Within the framework of the St Petersburg International Economic Forum (SPIEF 2017), Natalya Zhdanova, the governor of the Trans-Baikal territory, and Elena Bezdenezhnykh, Vice-President, State Secretary, Head of GR of Nornickel, signed a social and economic cooperation agreement. Under the agreement, the government of the region will support Nornickel’s investment projects, particularly the company’s key…

Ukraine: Azovstal constructs powerful complex for blast furnaces

The department of the State Architecture-Construction Inspection in Donetsk region has checked the object of the fifth difficulty category: “The construction of the first stage of the pulverized coal fuel preparation and injection complex for Azovstal blast furnaces”. The inspectors have checked the finished construction of the object on 1 Leporsky Street in Mariupol, as…

Ukraine: Metinvest minimal wage equals to average salary across the country

The Metinvest group minimal wage equals to the average salary in Ukraine, Prime Minister Vladimir Groysman said during his visit to the city of Mariupol and Azovstal Iron and Steel Works.

The company CEO Enver Tskitishvili noted, that in June the salary across the group increased by 20% on average. (Ukrainian metal)