Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy. The strategy aims to allow the company to maintain the leading position in the metals and mining industry and continuously enhance the company’s efficiency. In 2015, Metalloinvest announced…
Deliveries of MMK’s rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The company plans to further expand its presence in the domestic market. Deputy General Director of Sales at PJSC MMK…
In 2018 Azovstal received 3.57 billion UAH of net profit as opposed to 130.947 million UAH of net loss in 2017. EBITDA totaled 4.372 billion UAH. Net income grew by 18.8%, to 81.96 billion UAH. Undistributed profit reached 9.72 billion UAH. (Ukrainian metal)
In January-April, Ukraine decreased scrap exports 7.6-fold YoY, to 28.429 thousand tons. According to the State Fiscal Service, in monetary terms exports dropped 9.6-fold, to $7.655 million. In April Ukraine exported 8.791 thousand tons of scrap, in March – 8.246 thousand tons, in February – 8.252 thousand tons and in January – 3.14 thousand tons.…
Gold and silver prices increased in Azerbaijan on May 8 compared to the prices of May 7. The price of gold grew by 7.565 manats, to 2,188.1125 manats per ounce. The price of silver went up by 0.0697 manats, to 25.4159 manats per ounce. At the same time the price of platinum decreased by 13.396…
Composition of the Board of Directors of Kyrgyzaltyn OJSC has changed. Zamirbek Alymbekov replaced Anvar Estemesov. In addition, Askar Oskombaev (Chairman) and Suerkul Bakirov remained members of the Board of Directors. Suerkul Bakirov became a member of the Board of Directors in December 2018 after Emil Osmonbetov was appointed the Chairman of the State Committee…
Reddragmet Engineering is commissioning manufacture of tungsten concentrate of tail dumps of Bom-Gorkhonskaya Processing Factory in Zabaikalye region. The company specialists have already started assembling two processing modules. The trial commissioning is scheduled for May 15. The company plans to extract tungsten concentrate from waste. The total volume of tail dumps of the factory is…
A plant to produce tool steel is under construction in the Yurino hamlet in Mariy El. The company is being created under a priority project of investment cooperation between the republic and Chinese regions. Investments are estimated at some $5 million, with 80 million rubles already spent. The design capacity of the plant will be…
