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Russia: Rusal sells 3% of shares

Victor Vekselberg and Mikhail Prokhorov received a total of 2.46 billion Hong Kong dollars ($315 million) from the sale of some 3% of Rusal shares. 456 million shares were placed at 5.4 HKD, with a 7.5% discount. There were 70 offers, with top 10 investors acquiring over 60% of shares. Of the volume sold Vekselberg…


Russia: NLMK VP receives Adolf Martens Award for ultrahigh-strength steel research

Dr. Bruno Charles De Cooman, NLMK Group Vice President for Research and Development, has been awarded the prestigious Adolf Martens Memorial Steel Lecture for his research into the properties of ultrahigh-strength steels. The award ceremony took place on October 10 at the Material Science & Technology 2017 International conference in Pittsburgh (USA). This award was…


Russia: Severstal to insure property for 113 billion rubles

SOGAZ will insure Severstal property for 113 billion rubles. In particular, the company will insure the assets of Severstal, Severstal-Metiz, Orel Iron and Steel Works, Severstal steel ropes, Izhora Pipe Works, Severstal Pipe-Section Works Sheksna, Karelsky Okatysh and Olkon. The mining and property complexes, as well as special machinery, railroad wagons, automobiles will be insured…