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In November the average daily iron ore raw materials output totaled 124.3 thousand tons, up by 1.3 thousand tons MoM. In January-November Ukraine produced 66.45 million tons of raw materials, down by 4.7 million tons YoY. “In November Ukrainian iron ore raw materials manufacturers showed negative dynamics. The highest drops in output were registered at…
DetailsAt the Extraordinary General Shareholder Meeting (EGM) held on December 23, NLMK shareholders approved of payment of Q3 dividends of RUB 3.63 per share, equivalent to 93% of NLMK Group’s net profit or 75% of the company’s free cash flow based on its Q3 IFRS consolidated results. The date upon which the shareholders entitled to…
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 Export, Russia, $/t, FOB Black sea ports min max min max min max min max October 412 756 434 499 410 430 400 430 November 468 756 434 445 465 475 470 485…
DetailsAt 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…
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