In January-September Evraz Dneprovsky Iron and Steel Works produced 548 thousand tons of rolled metal, down by 21% YoY. Steel output dropped by 19.7%, to 663 thousand tons, and that of pig iron – by 6%, to 767 thousand tons. In September Evraz DMZ produced 71 thousand tons of rolled metal, 88 thousand tons of…
DetailsSberbank Leasing has given a 43 million rubles loan to Pskovvtormet. The money will be spent to purchase specialized KamAZ machines. Pskovvtormet is the largest ferrous and non-ferrous scrap procuring, processing and selling company in the region. It was founded in 1993. The company operates in St. Petersburg, Novgorod, as well as Pskov, Leningrad and…
DetailsTyumenremdormash will open two new shops in 2018 – to produce construction sections and pipes. “In the shortest possible term we will carry out a project to produce construction sections and pipes, as we will construct two shops”, the company CEO Alexei Ragozin said. “Investments will total 600 million rubles, and 80 jobs will be…
DetailsMMK has finished certification of its rebars by the BelStandartCentr. This certification center carries out independent estimation of manufacture and product quality correspondence to Belarus standards and norms. As the result of the certification BelStandartCentr has confirmed the correspondence of MMK rebars to the TP 2009/13/BY “Buildings and structures, construction materials and wares. Safety”, as…
DetailsThe shareholders of Norilsk Nickel have approved paying 224.2 rubles per share, or a total of 35.479 billion rubles in dividends for January-June, the company said in a statement on October 2. The record date for the dividends is October 19. In 2016, the company paid no dividends for January-June, but paid 444.25 rubles per…
DetailsIn 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…
DetailsBy 2030 Metinvest plans to have invested $8.8 billion into modernization of its capacities. “Some $5.7 billion will be invested into metal assets, and $3.1 billion – into mining. This will be the metallurgy combined with IT, the so-called Industry 4.0”, the group marketing director Roman Kurashev said. As an example he named the modernization…
DetailsThe Federal Antimonopoly Service has satisfied the claim of Seversk Pipe Works to buy 100% of Uralchermet shares. According to the service report, the deal will not limit the competitiveness. The charter capital of Uralchermet is 10 million rubles. In 2016 the company received 859.5 million rubles of revenue, with net profits at 27.9 million…
DetailsNytwa Iron and Steel Works has for the first time carried the inspection audit of its quality management system according to ISO 9001:2015. The inspectors have checked the design, development and manufacture processes of bimetallic rolled metal, cold-rolled and galvanized steel strips, bimetallic, steel and alloy billets, etc. Nytwa Works is one of the oldest…
DetailsIn January-September Ukraine produced 15.762 million tons of steel, down by 14% YoY. Pig iron manufacture dropped by 18%, to 14.626 million tons, of rolled metal – by 16%, to 13.469 million tons, of coke – by 21%, to 7.696 million tons. At the same time pipe output increased by 26%, to 784 thousand tons.…
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