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)

Russia: zinc shortage to reach 60-80 thousand tons

According to Chelyabinsk Zinc Works commercial department director Alexander Pechenkin, in 2018 the zinc shortage on world market in 2018 was some 348 thousand tons. Its reserves dropped by 143 thousand tons, to 880 thousand tons. This year, compared with 2016, the forecast growth of zinc consumption in Russia will reach 20%. The zinc shortage…

Russia: stainless steel scrap exports up in 2018

In 2018 Russia exported 109.2 thousand tons of corrosion-resistant steel scrap valued at $120 million, up by 0.7% and by 13% YoY respectively.

This is also the highest result in 10 and 6 years respectively.

Scrap with nickel contents of 8% and more accounted for some 75% of exports. (Ukrainian metal)

Russia: scrap export to be limited

The Ministry of Industry and Trade intends to hold a number of meetings with the management of the major metal companies to discuss a potential embargo on the steel scrap export. According to a ministry representative, the issue has to do with the trend to limit the export of scrap as a product of the…

Russia: Metalloinvest net profit up in 2018

In 2018 Metalloinvest received 1.647 billion rubles of net profit, up by 17.1% YoY.

Revenue grew by 15.3%, to 7.187 billion rubles.

The output of pellets and hot-briquetted iron reached 27.7 million and 7.8 million tons respectively.

EBITDA went up by 38.4%. (Ukrainian metal)