At the Extraordinary General Shareholder Meeting (EGM) held on December 23, NLMK shareholders approved of payment of Q3 dividends of RUB 3.63 per share, equivalent to 93% of NLMK Group’s net profit or 75% of the company’s free cash flow based on its Q3 IFRS consolidated results. The date upon which the shareholders entitled to…Details
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Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max October 412 756 434 499 410 430 400 430 November 468 756 434 445 465 475 470 485…Details
At a meeting on December 23, members of the Board of Directors of NLMK Group approved of several new internal policy documents, namely NLMK Group Anti-Corruption Policy; Code of Ethics; and a new revision of NLMK Group’s Information Disclosure Policy. The Anti-Corruption Policy and Code of Ethics are a fundamental part of the system, which…Details
Metinvest mining and steel group has appealed to the holders of its eurobonds and creditor banks, providing pre-export financing, with a proposal to convert all of the obligations into a single issue of eurobonds. The statement has been posted on the website of the Irish Stock Exchange (ISE). The company, in particular, proposes to combine…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 442 664 343 420 November 442 664 366 434 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…Details
A conveyor belt with coal on it has caught fire at a facility of Russia’s Magnitogorsk Iron and Steel Works (MMK) in the city of Chelyabinsk, the regional department of the Emergency Situations Ministry said in a statement. In total, 200 line meters of the conveyor belt between a coal beneficiation facility and an eighth…Details
Vorkutaugol has finished modernization of the Pechorskaya Central Processing Factory. The total cost of the investment project is 1.35 billion rubles. The program started in 2012, and the factory has been operating all the time. As the result, the factory capacity increased by 65%, from 7.5 million tons of coal to 11.5 million tons of…Details
Month Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* Export, Ukraine, $/t, FOB Black sea ports min max min max min max October 396 482 347 400 375 395 November 396 497 357 469 425 435 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16…Details
In 2016 Beloretsk Iron and Steel Works, a part of Mechel, started producing 12 new types of metal wares: wire, rope and bands for various industries. In particular, BMK started producing steel spring wire for automobiles, AiSi 304 stainless steel wire with high corrosion- and heat-resistant qualities for various industries. The works also supplied new…Details
In January-November Donetsk region (without the ATO zone) increased industrial output by 5.4% YoY. In November output went up by 10.2% YoY, but dropped by 1.5% MoM. Metal and metal wares output increased by 7.7%, mining and quarrying – by 7.9%, coke – by 16.7%. In November metal and metal wares output dropped by 6.7%…Details
In mid-December Corum Group shipped the second roadheader to ArcelorMittal Temirtau. According to the company statement, the machine will operate at Kazakhstanskaya mine. The total lot of the machinery ordered comprises 4 pieces. The first one was produced in October and shipped in November. The final shipment is scheduled for January 2017. (Ukrainian metal)Details
On December 21, Boeing and VSMPO-Avisma announced the decision to increase Ural Boeing Manufacturing works capacities. The new site will process titanium formings for all the Boieng aircraft, including the new 737 MAX and 777X models. The new site will open in Q1 2018. (Ukrainian metal)Details
Chelyabinsk Iron and Steel Works, a part of Mechel, is increasing the range and output volumes of its measuring bars. A new site has been created at the works with two-dozen specialized mills. The site will produce rods with 6-10 mm diameter. 70 new jobs will be created and the company will be able to…Details