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MMK Group has successfully implemented a new system that was designed and introduced by the corporate development department of MMK InformService. The system allows MMK to automate its work with documents, including creating, approving, signing and issuing orders and monitoring their execution. The development helps to speed up information flows within the company, as well…
DetailsAs part of the promotion of MMK’s electronic trading platform, MMK-InformService has developed a new version of the MMK Supplier mobile app. The launch of the updated electronic trading platform (ETP) and new resources on MMK’s corporate website is one of the stages of implementing the Company’s transparency and openness policy aimed at developing MMK’s…
DetailsIn 2019, Magnitogorsk Iron and Steel Works’ (MMK) deliveries of steel products to manufacturers of automotive equipment and components in Russia and the CIS exceeded 650 thousand tons, setting a new record for the company. MMK’s sales of rolled metal products to the automotive industry have set a record for the second year in a…
DetailsMauro Longobardo, CEO of ArcelorMittal Kriviy Rih, has met with Yuriy Vilkul, mayor of Kriviy Rih, to discuss urgent measures to counteract against spreading of coronavirus in the city. Business is ready to help municipal authorities – upon results of the negotiations the company’s management took following decisions: – ArcelorMittal Kriviy Rih will buy three…
DetailsIn 2019, Armenia increased the exports of copper ore by 32.3% YoY, to 562 thousand tons, as opposed to a drop of 13.2% in 2018. According to the Customs Service, in monetary terms exports grew by 19.2%, to $626.6 million. Copper ore was exported to Bulgaria (40.3%), Switzerland (29.8%), China (1.7%), as well as Georgia,…
DetailsAs of March 17, Angrena Pipe Works, operating in the Angrena Free Economic Zone, produced 1056.8 tons of copper pipes, up by 6% from the target (996.8 tons). The works was commissioned in 2013. The design capacity of the enterprise is 8 thousand tons per year. The main raw materials – cathode copper with the…
DetailsIn January-February, Chukotka Autonomous District extracted 138.3 thousand tons of coal, up 2-fold YoY. Two companies are mining coal in the region – Beringpromugol LLC and Ugolnaya Mine. In 2 months Beringpromugol extracted 136.8 thousand tons of coal at the Fandyushkinskoye deposit, up 2.3-fold. The second company decreased output by 85%, to 1.5 thousand tons.…
DetailsIn January-February, Russia produced 9.6 million tons of unalloyed steel and semi-finished products, down by 2.9%. According to the Federal Service of State Statistics, in February production decreased by 7.6% MoM and by 4.2% YoY. Rolled metal manufacture totaled 10.4 million tons, up by 1.8% YoY, with February output down by 8.6% MoM and by…
DetailsIn 2020, Cherepovets Iron and Steel Works will continue its large-scale infrastructure modernization program and will spend some 4.5 billion rubles on it. “The program is planned for 10 years. This year we intend to carry out 25 projects. The main are the replacement of lifting mechanisms, fire systems, conveyers and transformers, as well as…
DetailsIn January-February, metal companies in Ukraine retained gas consumption on the previous year level – 310 million cubic meters. At the same time, electricity consumption decreased by 5%, to 1.83 billion kW-h. In 2019, metal companies decreased gas consumption by 2% YoY, to 1.8 billion cubic meters, and electricity consumption dropped by 5%, to 11.2…
DetailsHaving successfully restructured its debt, Interpipe retains its plans to invest $136 million in development in 2020-2022 despite unfavorable market situation. “We have such plans. Still, we want to see the changes on the global market. We believe the market has not reacted enough to all the events. It’s still early to make decisions”, the…
DetailsAll the coke, received by metal companies in January-February, that is 1.34 million tons, down by 13% YoY, was of Ukrainian make. The share of imported coke dropped to 0% from 7% last year. By-product coke plants received 2.01 million tons of coal, down by 14%, including 0.7 million tons of Ukrainian make, up by…
DetailsIn 2019, Ferrexpo received $403.293 million of net profit, up by 20.3% YoY. Revenue grew by 18.3%, to $1.506 billion. EBITDA increased by 17%, to $586 million. Capital investments went up by 83%, to $247 million. (Ukrainian metal)
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