Russia: NLMK steel sales down in 2019

The situation on steel product markets in 2019 was rather challenging. H2 2019 saw prices fall below the cycle average. “The dive was so deep, we estimate that 80% of global HRC production was loss-making. The margins in the sector were further pressured by increasing prices for raw materials”, NLMK Group CFO Shamil Kurmashov commented.…

Russia: NLMK recommends dividends for Q4 2019

At a meeting held on February 12, NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q4 2019 dividend of 5.16 rubles per share. Taking into account dividends accrued in Q1-Q3 2019, 2019 dividends will total 19.4 rubles per share, which is approximately 120% of NLMK Group’s free cash flow for the relevant…

Ukraine: AMKR invests UAH 432.4 million in social sphere in 2019

Social standards of ArcelorMittal Kriviy Rih are one of the highest in mining and metallurgical industry of Ukraine. Last year, social expenses of the company amounted to UAH 432.4 million. Traditionally, the most considerable part of funds, namely UAH 179.7 million, was allocated for rest and health improvement in 2019. Last summer almost 11 thousand…