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On June 1 MMK held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK’s annual report and financial statements for FY 2017 and approved a dividend payment for the 2017 financial year of 0.806 rubles per share (including tax). Previously shareholders received interim dividends for H1 2017 of 9,710.5 million rubles…
DetailsCentral Mining and Processing Works continues to modernize its quarry machinery fleet. According to the company CEO Dmitry Shevchik, 2 more BelAZ dump trucks with the lifting capacity of 130 tons were purchased for the mining and transportation shop No. 1. “Our investment program for this year foresees the purchase of 13 such trucks”, he…
DetailsZaporizhstal has carried out the capital repairs of its blast furnace No. 5. According to the company statement, the financing of the overhaul was over 200 million UAH. The repairs lasted for 36 days. The total weight of the metal structures assembled during the repairs exceeded 1 thousand tons, and of the refractory materials –…
DetailsSeverstal has received a certificate for the correspondence of cold-resistant cryogenic steel to the norms and standards of the European quality. This steel is used to construct the inner shell of the LNG tanks. TUV Rheinland Group has highly praised the whole manufacturing chain of the product. Cryogenic steel sheet is produced at the mill-2800…
DetailsIn April railroads transported 6.7 million tons of ferrous metals, up by 9.8% YoY. Since the beginning of the year the railroad has transported 26.5 million tons of ferrous metals, up by 10.9% YoY. Domestic transportation in April grew by 25%, while exports remained on the previous year level. Russia increases consumption of steel sheet…
DetailsU.S. sanctions, imposed on Rusal in early April, threaten the payment of dividends by Norilsk Nickel of some $434 million. According to a recent position of OFAC, payment of dividends to an entity from the sanctions list will result in the secondary sanctions to the payer. Nornickel Board of Directors recommended the annual meeting of…
DetailsNLMK Group, a global steel company, opens access to an e-commerce website for SMEs. A hi-tech online marketplace is now available at https://nlmk.shop/. NLMK Group has been operating an e-commerce platform since 2012, based on the “Client-Info” RMS system. Access to the platform is open to large clients that have long-term established relations with NLMK.…
DetailsOn May 31 Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon signed an order regarding the increase in salaries at the company from May 1. This way, the order issued on May 8 was amended and base salaries of the employees were revised upwards once again. This decision was made after the negotiations…
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