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Magnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…
DetailsIn April Zlatoust Iron and Steel Works electric arc welding shop No. 2 produced 3880 tons of liquid steel with the target of 4770 tons. The decrease of output, according to the deputy manufacturing director Oleg Rodionov, has to do with the shortage of scrap in early April. Shop No. 3 was in the same…
DetailsNovolipetsk Iron and Steel Works has produced the 250-millionth ton of hot-rolled metal since its mill 2000 was put into operation in 1969. This volume equals to the weight of 39 Great Pyramids of Giza or 1500 Burj-Khalifas. The first Soviet mill of the third generation – mill 2000 – with the capacity of 5.78…
DetailsGazpromtrubinvest intends to enter the new segments of the market, where the pipes, which cannot be welded, are used. Thus the company will build a seamless pipe manufacture. A three-roll technology will be used to reach the precision of the welded products. After the construction is complete, GPTI will have a unique manufacturing complex to…
DetailsMagnesit Group has begun an active stage of a major investment project realization – the construction of the fused magnesia manufacture. The company has signed an agreement with Sinosteel, China. The construction at the Satka manufacturing site of the group in Chelyabinsk region will commence in autumn. The company will build a plant with the…
DetailsEvraz (Russia) has entered into an agreement to sell its PJSC Evraz Sukhaya Balka iron ore mining and beneficiation plant in Ukraine to a firm belonging to Oleksandr Yaroslavsky’s DCH Group for $110 million excluding the debt, Evraz said in a statement. “Berklemond Investments Ltd, a part of Oleksandr Yaroslavsky’s DCH Group, has acquired Evraz…
DetailsThe first cargo ship loaded with deficient anthracite coal arrived in Ukraine from the Republic of South Africa, the press service of Rinat Akhmetov’s DTEK wrote on Facebook. “Our first ship with South African coal arrived in Ukraine. We will shortly begin shipping the scarce anthracite to the warehouses of our thermal power plants,” the…
DetailsSince the beginning of the year the Electrocable Kolchugino Works (EKZ) shop No. 3 has produced 1.5 billion rubles worth of power cables, up by 9% YoY. The growth is explained by the massive overhaul began in 2016. “We have serious goals. In the next couple of years we plan to invest over 1 billion…
DetailsOMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…
DetailsRusal Holding has attracted the loan for pre-export financing for $1.7 billion. According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt. In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)
DetailsUkraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…
DetailsNLMK Group, an international steelmaking company with operations in Russia, the USA and European Union, has taken steps to improve customer service by introducing guarantees of the decorative and protective properties of polymer coatings, which range from 10 to 35 years. The guarantee of the longevity of the polymer coating covers products manufactured at NLMK…
DetailsMetinvest Group, ArcelorMittal Kriviy Rih and Interpipe intend to take part in the Ukrzaliznytsia tender to sell 84.5 thousand tons of ferrous scrap with the initial price of 417.9 million UAH. In particular, Metinvest reported that its Metinvest-resource, the exclusive supplier of scrap to its companies, would participate in the auction. AMKR confirmed its intention…
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