Evraz board of directors has decided to pay interim dividends for 2019 in the amount of $0.4 per ordinary share. The total amount of dividends will reach $580.8 million. Last year EVRAZ paid interim dividends of $0.35 per share ($508.17 million). (Ukrainian metal)Details
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The United Metal Company has started modernizing rolling manufacture at Chusovoy Iron and Steel Works. A new rolling mill will be installed at the works capable of producing over 200 thousand tons of rolled metal per year. Investments total 3.6 billion rubles. The machinery will be assembled in late 2020. The first products will be…Details
Karelsky Okatysh has added three Komatsu HD785 dump trucks to its fleet. This is the first time that this model starts operating in Severstal. The lifting capacity of each truck is 91 tons. “Previously Karelsky Okatysh used Komatsu trucks with the lifting capacity of 217 tons. The advantage of the new model is that it…Details
In three years, under its project to exchange secondary gases with Zaporozhkoks, Zaporizhstal has decreased natural gas consumption by 240 million cubic meters. In 2016 the company modernized the gas pipeline and gas machinery at Zaporozhkoks. This allowed switching to the use of coke-blast furnace and natural-blast furnace gas mixes in rolling shops, resulting in…Details
The Central Commercial Court of Appeals has amended the ruling of the Dniepropetrovsk Region Commercial Court, which has approved the claims of creditors to Dneprovsky Iron and Steel Combine for the total amount of 87 billion UAH. In particular, Metinvest Holding LLC demands 20.7 billion UAH, Dneprovsky By-Product Coke Plant – 8.5 billion UAH and…Details
Russia is the world’s third largest coal exporter after Indonesia and Australia with a share of 15%, Energy Minister Alexander Novak said on February 27. “The exports are very important and have doubled since 2011. Russia occupies the third position in the world after Indonesia and Australia by coal exports. We hold a 15% share…Details
Sberbank, VEB and UGMK have signed base indicative conditions to finance the project to develop the Korbalikhinskoye polymetal deposit in Altai region and reconstruct the Rubtsovskaya processing factory to increase its capacity to 1.5 million tons of ore per year. The total cost of the project is 38 billion rubles. The company intends to borrow…Details
Kopy Goldfield AB (Sweden) has two ways to develop the Krasnoye deposit in Irkutsk region. The first is the combined development. At first a processing factory with the capacity of 1 million tons of ore per year and an open quarry at the Krasniy site will be constructed. After that a mine will be constructed.…Details
Uralelectromed has increased the capacity of its site to process industrial products of the chemical and metallurgical shop. Antimonous slags originating during the pyrometallurgical processing of lead cake are sent to the chemical and metallurgical shop, operating since 2017. In 2019 the site received two additional electrolysis baths, which would allow producing 100 tons of…Details
Izhstal has passed the product quality inspection and received a certificate of the Aviation reducers and transmissions – Perm Motors approved supplier. The companies have been cooperating for many years, with Izhstal supplying metal products of structure, nickel-alloyed and stainless steel. The metal is used to produce body parts, rolls and gears of aviation engines.…Details
In 2019 Severstal invested 1.1 billion rubles in labor safety at Cherepovets Iron and Steel Works. In particular, the group has reconstructed premises in order to improve working condition and decrease risk of injuries. The reconstruction mostly concerned ventilation systems, conditioning, replacement of old lighting system and the assembly of railings. All in all there…Details
ArcelorMittal Temirtau has launched all of its three oxygen converters with the volume of 300 tons after repair. Now the shop operates at full capacity. The converter No. 2 started operating in early January, and then converter No. 1 was shut down for repair, which lasted for 100 days. Since February 9, the shop has…Details
In 2019, Evraz received $365 million of net profit, down by 85.2% YoY. EBITDA dropped by 31.1%, to $2.6 billion. Consolidated revenue fell by 7.3%, to $11.9 billion. At the same time capital investments increased by 44.6%, to $762 million. This year Evraz plans capital investments on the level of $900 million. Net debt as…Details