Russia: OMK best oil-and-gas pipes producer

In 2016 the United Metal Company was named the best Russian pipe manufacturer for oil-and-gas industry. According to the company marketing and strategy director Ilya Kolomiets, the title was the result of a questionnaire poll of over 30 companies representing the industry, including Gazprom, Gazprom neft, Surgutneftegas, Sibur, etc. The award was presented at the…

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Russia: Evraz NTMK not polluting air

The new site of the vanadium slag fine grinding at the foundry shop of Evraz NTMK has assembled new tubular filters of the exsufflation system. The machinery guarantees the environmentally clean manufacturing process and the improvement of the labor conditions. 229 exsufflation filters have been put into operation. Over 40 tons of dust per day…

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Ukraine to ban steam coal imports from Russia

Ukraine’s government intends to ban imports of steam coal from Russia, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk declared. “A draft resolution is currently in the pipeline. A decision will follow,” he said when answering a question about plans to ban anthracite coal imports from Russia. The draft resolution is planned to be considered…

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Russia: ChMK starts producing beams for industrial shops

Chelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams.

The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)

Ukraine: SevGOK to pay 1.8 billion UAH of dividends

The shareholders of the Severniy Mining and Processing Works, a part of Metinvest, intend to spend 1.8 billion UAH on paying dividends for 2016 from the net profit of 3.61 billion UAH.

The dividends will be paid as 0.77643 UAH per ordinary share.

In 2015 SevGOK received 1.21 billion UAH of net losses. (Ukrainian metal)

Russia: aluminum output down in January-February 2017

In January-February primary aluminum production decreased by 3.7% YoY, but the output of aluminum alloys went up by 7.7%.

Aluminum powder and flakes output increased by 15.6%, wire rod, rods and sections – by 11.1%, sheets, plates, bars and strips – by 26%, and foil – by 37.8%. (Ukrainian metal)

Ukraine: Metinvest Group completes debt obligations restructuring

Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group of companies, announced it had completed the restructuring of its financial debt totaling $2.3 billion. According to the group, as a result of the agreement achieved three issues of the group’s eurobonds maturing in 2016, 2017 and 2018 were…

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