Cherepovets Iron and Steel Works has completed the capital repair of the mill-2000. The modernization of the laminar cooling machine cost 2 billion rubles. The repair has been carried out over 14 days. With the machine modernized the company will be able to increase sales to oil and gas companies by 140 thousand tons per…
In August Russia exported 5.2 thousand tons of long-rolled aluminum, down by 1.2% MoM and by 17.9% YoY. Deliveries to Germany dropped by 11%, to 1 thousand tons, and to US by 24%, to 410 tons. At the same time exports to Kazakhstan grew by 27%, to 736 tons, and to Belarus – by 9%,…
Sberbank has financed the Russian Copper Company enterprises. A loan agreement of $326 million has been concluded with Kyshtym Electrolytic Copper Pant (KMEZ) and Karabashmed. The funds will be used to modernize the copper electrolysis shop and construct the copper shop at KMEZ and to improve copper capacities at Karabashmed. In particular, KMEZ will increase…
In January-September Uralelectromed received 656.2 million rubles of net profit as opposed to 294.4 million rubles of net loss in 9 months of 2018. Revenue grew by 20.3%, to 35.5 billion rubles, while gross profit dropped by 22.6%, to 3.7 billion rubles. Accounts receivable totaled 5.5 billion rubles as opposed to 5.3 billion rubles last…
On November 13 the Board of Directors of MMK approved a new version of the company’s dividend policy. In line with the new dividend policy, the Board of Directors of MMK will now be guided by the following established principles when making recommendations on dividend payments: – Тhe amount allocated for dividend payments will usually…
During the Belarus-Austrian business forum Belarus Iron and Steel Works has signed agreements with Austrian partners on exports in 2020. In particular, the company will supply over 270 thousand tons of metal products valued at some 100 million euros. The agreements were signed with Belmet and PisecGroup. BMZ and Austria have been cooperating for 35…
The commission of the Tula-Steel Iron and Steel Works has been named the most important event in the Russian metal industry in 2019. The award ceremony took place during the Metal Expo’2019 exhibition. The works was put into operation in July. Its capacity is some 1.8 million tons of rolled metal. Investments reached 55 billion…
In Surgut district Sverdlovsk Railroad transported 2.1 million tons of cargo in October, up by 1.3% YoY. In January-October transportation grew by 1.8% YoY, to 19.6 million tons. In particular the railroad transported 84.5 thousand tons of ferrous metals, up by 29.8%, and 28.7 thousand tons of metal wares, up by 0.3%. At the same…