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Mechel will participate in the largest international transport exhibition InnoTrans 2018 on September 18-21 in Berlin, Germany. At the event Mechel will showcase the products of the rail and beam mill of Chelyabinsk Iron and Steel Works. The company has mastered the manufacture of the main types of rails according to European and Russian standards,…
DetailsKarelsky Okatysh has started developing the fuel peat deposits Zarechnoye. The opening of the deposits was held on September 10. The peat will be used in the company boiler rooms to decrease the use of fuel oil. The deposits comprise 9 sites on the area of 272 ha, with combined peat reserves of 718 thousand…
DetailsThe largest shareholder of Petropavlovsk, Kenes Rakishev (22%) commented on the lowering of the company credit rating. “The decrease of the gold-extracting company Petropavlovsk credit rating by Fitch from B- to CCC should not be dramatized. The results of the first half of the year led to this. We had a corporate conflict at the…
DetailsIn August Severstal decreased sales by 0.1% YoY, to 488.6 thousand tons. This is the lowest level since July 2017. In January-August sales grew by 5.3% YoY, to 5.45 million tons. Russian customers received 3.66 million tons, up by 0.5%, while exports increased by 16.8%, to 1.8 million tons. (Ukrainian metal)
DetailsNLMK Group, an international steel company, is pleased to announce that RAEX (Expert RA) has assigned it the highest credit rating of ruAAA with a stable outlook, making NLMK Group the first metals and mining company to be awarded the highest rating by the agency. The rating acknowledges the company’s high creditworthiness and financial reliability,…
DetailsIn January-June Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) transferred 1.3 billion UAH worth of taxes to budgets of all levels. In particular, PGOK transferred over 1.1 billion UAH, EGOK – 189.9 million UAH and BGOK – 5.3 million UAH. Poltava GOK paid 110 million UAH to the local budget, 141 million…
DetailsThe land in Shyrokivskiy district of Dnipropetrovsk region for construction of tailing pond is in state ownership and possession was delivered to PJSC ArcelorMittal Kriviy Rih legitimately, explained Yuriy Martynyuk, General Legal Counsel of Legal Administration of the company. – Not all people are aware of this issue. Please explain, what was in the beginning?…
DetailsIn August NLMK-Ural metal sales via railroad totaled 130 thousand tons, up by 13.4% YoY. In January-August sales grew by 13.3% YoY, to 900 thousand tons. Sales to Russian customers totaled 621.2 thousand tons, up by 26.1%, while exports dropped by 7.7%, to 278.8 thousand tons. (Ukrainian metal)
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