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Alexander Sivakov has been appointed the executive director of the Volgograd Iron and Steel Works Krasniy Octyabr. Previously he has been a deputy governor of the Volgograd region and the chairman of the economic policy and development commission. In early November the arbitrary court of the Volgograd region declared the plant bankrupt. Krasniy Octyabr is…
DetailsThe Russian government has allocated up to 10 billion rubles for the Federal Agency for State Reserves to buy up to 50,000 tons of aluminum for the state reserve, according to a ruling published on November 28 on the government’s website for disclosure of legal information. The U.S. imposed 25% import duties on steel and…
DetailsNLMK intends to increase 1.5-fold the output of its own electricity having constructed a heat electric generation plant at its Lipetsk site operating on the secondary fuel gas (wastes of metal manufacture). The cost of the project is 35 billion rubles. The plant will use the gas that is created when smelting pig iron in…
DetailsThe raw materials acceptance and processing shop of Uralelectromed has started assembling a Velmash stationary crane manipulator. The machine will be used to deliver copper scrap to the press. The cost of the machine is some 2.2 million rubles. The crane manipulator will replace an outdated hydraulic manipulator. The machine has the lifting capacity of…
DetailsSeverstal-Metiz is participating in the First International Transport Infrastructure Forum in St. Petersburg. The participants are sharing their experience in road design and construction. Severstal-Metiz presented its own developments. Almost all of the major infrastructure projects in Moscow region have been created using the company products. “Infrastructure construction is one of the main industries for…
DetailsBorodinsky Pit named after Schadov, a subsidiary of SUEK, has reached the annual coal output target in advance. This year the target was 19 million tons of coal. Until the end of the year the company plans to mine 2 million tons of coal more. (Ukrainian metal)
DetailsIn October ChTPZ shipped 61.2 thousand tons of metal via railroad, down by 41.4% YoY. In January-October sales reached 931 thousand tons, up by 1.9% YoY. Deliveries to Russian customers totaled 764 thousand tons, up by 18% YoY, while exports fell by 37.2%, to 166.8 thousand tons. (Ukrainian metal)
DetailsAt the meeting Severstal shareholders decided to pay dividends for January-September 2018 The dividends amount to 44.39 rubles per ordinary share. The shareholders registry will be closed on December 4. Severstal paid 35.61 rubles per share as of Q3 2017. This year the dividends have been set at 38.32 rubles as of Q1 and at…
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