Russian metals producer Norilsk Nickel does not rule out holding an initial public offering (IPO) of the Bystrinsky GOK ore-dressing plant project after 2020, CFO Sergei Malyshev announced. “IPO is one of the market tools for this project. A decision by shareholders whether to hold or not to hold the placement must be made. We…
In January-September DTEK Pavlogradugol received 7.9 billion UAH of profit, up by 46% YoY. Net income totaled 25 billion UAH, the prime cost of the manufactured products – 14.7 billion UAH and the gross profit – 10.3 billion UAH. In 9 months the enterprise mined 14 million tons of coal. DTEK owns 100% of the…
The Brazilian Ministry of Industry has prolonged for 5 years antidumping duties on plate steel with the thickness from 4.75 mm and the width of over 600 mm originating from China, Ukraine, Republic of South Africa and South Korea. The duty for Ukrainian companies is the lowest – $52.02 per ton. The duty was first…
Despite crisis, Russian metal companies Evraz, Severstal and MMK, accounting for over 50% of steel output in the country, do not intend to decrease investments. In particular, next year Severstal will spend 1.7 billion rubles on investments, up by 23% YoY. Evraz will increase its annual investments to $1 billion in 2020-2023 from the previous…
A fire broke out at the Severnaya mine, a part of the state enterprise Toretskugol. All the operation was suspended. According to the firefighters, the fire engulfed 1500 square meters of an administrative building roof. The fire has been extinguished. There were no casualties or injured. (Ukrainian metal)
In September Russia exported 65.8 thousand tons of refined copper, down by 2.5% MoM, but up by 78% YoY. Deliveries to China dropped to 7 thousand tons from 17.3 thousand tons in August. Germany increased imports of copper by 28%, to 7.7 thousand tons. The share of the Netherlands was 62%, or 41 thousand tons.…
In September Russia imported 79.5 thousand tons of chrome ore, down by 3% MoM. Deliveries from Kazakhstan dropped by 7%, to 65 thousand tons, but from the South Africa grew by 57%, to 6.6 thousand tons, and from Turkey remained unchanged – 7.6 thousand tons. In January-October imports totaled 727 thousand tons, up by 2%…
Magnitogorsk Iron and Steel Works (MMK), together with Deloitte, has produced a list of MMK’s future digital transformation projects, to be completed by 2025. A thorough selection process resulted in a list of 110 projects in 18 areas of the company’s core business. These will form the basis of MMK’s overall digitalization strategy. MMK’s readiness…