Severstal board of directors has recommended paying dividend for April-June in the amount of 26.72 rubles per share. The voting on the dividends will be held at the extraordinary shareholders meeting on September 6. If the shareholders approve dividend payment, the date to set the list of shareholders to receive dividends will be September 17.…
The Ukrainian arm of the world’s biggest steelmaker said that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelensky criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine’s largest steel mill, which is now under close government scrutiny, as reported by…
The mining industry of Tajikistan has a good mineral resource base, the volume of which is sufficient to ensure the development of the industry for the long term. Although the current indicators of the extractive industries are relatively modest, in the long term, this sector may become the leader in the Tajik economy. The enterprises…
In January-June state coalmining enterprises decreased power-generating coal extraction by 24.5%, to 1.45 million tons. According to the Ministry of the energy and coal industry, state mines increased coking coal output by 65.5%, to 399.5 thousand tons. As a whole, state mines decreased coal extraction by 14.5%, to 1.85 million tons. In H1 coal enterprises…
In January-May pipe exports from Russia decreased by 44% YoY, to 691 thousand tons. According to the Federal Customs Statistics, in monetary terms exports fell by 56.3%, to $619 million. Kazakhstan was the main purchaser, accounting for 28%, up by 44%. It was followed by the US (22%, up 2-fold), and Belarus (14.5%, up by…
In May Russia decreased semi-finished steel products exports by 17.6% MoM and by 18.2% YoY, to 1.12 million tons. According to the Federal Customs Statistics, in January-May exports dropped by 5.6% YoY, to 6.42 million tons, valued at $2.798 billion, down by 18.5%. Taiwan accounted for 23% of all purchases, down by 5.8%. Average price…
In May Russia increased scrap imports from Kazakhstan by 19% YoY, to 59 thousand tons. At the same time, in monthly terms imports fell by 31%. In January-May Russia imported 268.3 thousand tons of scrap from Kazakhstan, up by 72%. Average price in May on Russian border was $234.4 per ton. (Ukrainian metal)
At the Magnitogorsk Iron and Steel Works (MMK) there are already 16 software robots successfully imitating the actions of real workers. By the end of 2019, the company plans to have automated a total of 32 manufacturing processes. The head of the MMK-InformService project office, Valery Rybolovlev, spoke about the company’s automation during the Digital…
