Shareholders of the Severniy Mining and Processing Works intend to allot the net profit received in 2014 and a part of retained earnings from the previous years. This will be the issue of the meeting scheduled for January 30. The shareholders will also discuss dividend issues. In 2014 SevGOK received 1545.665 million UAH of net…Details
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A batch of ferrous rolled metal produced at Magnitogorsk Iron and Steel Works has been successfully shipped from the Aktau Sea North Terminal (Kazakhstan). The first lot to Iran was shipped by KTZ Express. “The multi-modal transportation development project, that has connected railroad, sea transportation and logistics, will increase the transit-transport potential of Kazakhstan, as…Details
Azerbaijan is closing down its Steel Production Complex. Azerbaijani Steel Production Complex was created in April 2013 to design, construct and manage the steel-manufacturing works. The complex had to deal with ore mining through steel-smelting. By 2018 Azerbaijan also planned to have created several works and shops to be managed by the complex, in particular…Details
NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, announces the appointment of Cornelius Louwrens the CEO of NLMK Belgium Holdings plate business. It includes two of NLMK Group’s European sites: NLMK Clabecq (Belgium) and NLMK Verona (Italy), and together with NLMK DanSteel (Denmark), comprises the NLMK Europe Plate Division.…Details
The Russian Industry and Trade Ministry expects steel output to grow by 60% to 16.4 million tons by 2030, the ministry said in a scenario of accelerated development. “Under the accelerated scenario, an increase of domestic consumption to historical highs is envisaged not only with the help of fulfillment of infrastructure projects, but also by…Details
An individual, a major shareholder of Dniepropetrovsk Iron and Steel Works named after Komintern (Kominmet) has sold his 19.7787% of shares and ceased being an owner of the company. Kominmet specializes in the production of steel pipes and metal coating. (Ukrainian metal)Details
In 2016 Ukraine exported 39.2 million tons of iron ore and concentrate valued at $1.827 billion. According to the State Fiscal Service, China was the largest importer of iron ore – $627.32 million, or 34.33% of the total exports. Czech Republic purchased $194.87 million worth of iron ore (10.67%), Poland – $192.21 million (10.52%). Other…Details
Citizens of the Russia-supported terrorist occupied town of Dokuchayevsk become more and more dissatisfied with the so-called Donetsk People’s Republic authority activities in respect to the worsening situation at the Dokuchayevsk Flux-Dolomite Complex. In particular, the changes of the company management, imposed by the DPR representatives, didn’t have a positive impact: the salary debts continue…Details
Dobersek Engineering GmbH (Germany) has finished the modernization of the copper-smelting manufacture at Almalyk Iron and Steel Works. The turnkey project presupposed the construction of the new automated copper furnace with the capacity of 17 thousand tons of copper per year. The project costs $92 million. AGMK is the only copper producer in Uzbekistan. It…Details
The rail-beam shop of Evraz NTMK has started producing new type of rolled metal – channel 22P. Over 200 tons of the new metal has already been supplied to the construction sites in the Moscow region. The hot-rolled channel 22P is used in construction of bridges and large warehouses. Channel corresponds to the GOST 8240-97.…Details
In 2016 Ukraine mined 40.86 million tons of coal, up by 2.82% YoY, or by 1.12 million tons. According to the Ministry of energy and coal industry, energy-generating coal output increased by 3.45% YoY, or by 1.09 million tons, to 32.5 million tons, coking coal – by 0.44%, or by 36.28 thousand tons, to 8.36…Details
In 2016 Ukraine increased metal exports by 0.2% YoY, to 21.4 million tons, valued at $7.2 billion, down by 10.3% YoY. The main products of Ukrainian ferrous exports were semi-finished products (36.2%, or 7.7 million tons), rolled steel (44.5%, or 9.5 million tons) and metal raw materials (17.3%, or 3.7 million tons). Rolled exports went…Details
Association of Process Automation Companies of Ukraine (АPACU), by summarizing their performance in 2016 named PJSC “ArcelorMittal Kriviy Rih” the winner in categories “Leader of the Year” and “Innovators 4.0” in automation and information technology. АPACU emphasized that the company played an important role in creation of 4.0 Industry Campaign in Ukraine involving Siemens, Schneider…Details