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At a meeting on December 23, members of the Board of Directors of NLMK Group approved of several new internal policy documents, namely NLMK Group Anti-Corruption Policy; Code of Ethics; and a new revision of NLMK Group’s Information Disclosure Policy. The Anti-Corruption Policy and Code of Ethics are a fundamental part of the system, which…
DetailsMetinvest mining and steel group has appealed to the holders of its eurobonds and creditor banks, providing pre-export financing, with a proposal to convert all of the obligations into a single issue of eurobonds. The statement has been posted on the website of the Irish Stock Exchange (ISE). The company, in particular, proposes to combine…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* min max min max October 442 664 343 420 November 442 664 366 434 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsA conveyor belt with coal on it has caught fire at a facility of Russia’s Magnitogorsk Iron and Steel Works (MMK) in the city of Chelyabinsk, the regional department of the Emergency Situations Ministry said in a statement. In total, 200 line meters of the conveyor belt between a coal beneficiation facility and an eighth…
DetailsVorkutaugol has finished modernization of the Pechorskaya Central Processing Factory. The total cost of the investment project is 1.35 billion rubles. The program started in 2012, and the factory has been operating all the time. As the result, the factory capacity increased by 65%, from 7.5 million tons of coal to 11.5 million tons of…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.499* Export, Ukraine, $/t, FOB Black sea ports min max min max min max October 396 482 347 400 375 395 November 396 497 357 469 425 435 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.11.16…
DetailsIn 2016 Beloretsk Iron and Steel Works, a part of Mechel, started producing 12 new types of metal wares: wire, rope and bands for various industries. In particular, BMK started producing steel spring wire for automobiles, AiSi 304 stainless steel wire with high corrosion- and heat-resistant qualities for various industries. The works also supplied new…
DetailsIn January-November Donetsk region (without the ATO zone) increased industrial output by 5.4% YoY. In November output went up by 10.2% YoY, but dropped by 1.5% MoM. Metal and metal wares output increased by 7.7%, mining and quarrying – by 7.9%, coke – by 16.7%. In November metal and metal wares output dropped by 6.7%…
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