Russia: NMZ profits in 2018

In 2018 Novosibirsk Iron and Steel Works named after Kuzmin received 4.45 million rubles of net profit.

In 2017 the company saw a net loss exceeding 100 million rubles.

Revenue went up by 41%, to 8.76 billion rubles.

Sales losses totaled 162 million rubles, down by 17%. (Ukrainian metal)

Kyrgyzstan: government to support Makmal investor

“We will provide the necessary assistance in the implementation of the project for further development of Makmal field,” the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev said at a meeting on the further development of Makmal. Earlier Kyrgyzaltyn OJSC held an investment tender for creation of a joint venture for further development of Makmal mine. Manson…

Kazakhstan: AMT buys coal cutter-loaders from Donetsk terrorists

ArcelorMittal Temirtau has purchased three coal cutter-loaders from Yasinovataya Machine-Building Works situated on the territory of the Russia-occupied Donetsk region in Ukraine, the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia. The price of the contract, concluded in June 2018, was $1.65 million. Paramjit Kahlon, the CEO of the AMT, is…

Russia: MMK presents innovative technologies in Moscow

Magnitogorsk Iron and Steel Works (MMK) is taking part in the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. This year, MMK’s innovative potential is showcased by four patented technologies in the field of cold-resistant metal rolling designed for icebreaker fleets, marine and engineering equipment used in the Arctic. The competitive advantages of…

Ukraine: Rada committee calls on PM, SBU, NSDC to keep sanctions against Moldova steelmaker

Head of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor Halasiuk has appealed to the Ukrainian Prime Minister, the SBU Security Service of Ukraine and the National Security and Defense Council (NSDC) to keep recently lifted sanctions from the Moldova Iron and Steel Works (MMZ) located in the unrecognized Transnistria and owned by…