The Magnitogorsk Iron and Steel Works board of directors has recommended the shareholders to approve of dividends for Q4 2019 on the level of 1.507 rubles per share. The decision will be taken at the extraordinary meeting. In Q3 2019 dividends totaled 1.65 rubles per share. (Ukrainian metal)Details
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In 2019 Uralskaya Kuznitsa increased sales of stampings made of alloyed, heat-resistant and stainless steel, as well as titanium billets. In particular, the sales of alloyed steel stampings grew by 33% YoY, stainless steel stampings – by 70%, heat-resistant stampings – by 24% and titanium billets – by 46%. Last year the company sold 108…Details
Development of placer gold deposits causes great environmental damage, Gamal Soronkulov, field mobilizer of Muras Kyimyly NGO, said at the presentation of the Institute of Environmental Solutions Public Foundation. According to him, at least 158 licenses for development of mineral resources have been issued in Chatkal district alone, and most of them – for gold…Details
In 2019 KAZ Minerals produced 311.4 thousand tons of copper, up by 6% YoY. Gold output grew by 10%, to 201.5 thousand ounces mostly due to high contents in Bozshakol and Bozymchak ores. Aktogay GOK produced 123 thousand tons of copper of sulfide ore, up by 16%, and 22.7 thousand tons of cathode copper of…Details
Tula-Steel has passed an audit for the correspondence to the ISO 9001:2015 (quality management system) and ISO 14001:2015 (environment management system) standards. The inspection has been carried out by Bureau Veritas Certification specialists. The certificates obtained confirm that Tula-Steel has implemented and is using quality and environment management systems when producing continuous cast billet, section…Details
The board of directors of Chelyabinsk Pipe Plant, or ChelPipe, has approved a new dividend policy, which envisages payments at least twice a year, tied to the net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio as a balancing mechanism for financial sustainability. The company will pay dividends of no less than…Details
The general meetings of the shareholders of Marganets Mining and Processing Works, Pokrovsky Mining and Processing Works, Nikopol Feroalloys Plant and Zaporzhye Ferro Alloy Plant were not held. It was supposed to settle the issue of dividends for 2018 at the meetings. MGOK intended to spend 95% of its net profit for 2018 (UAH 163.19…Details
In 2019 Bratsk Ferroalloys Works sold 30 thousand tons of ferrosilicon FS75, up by 57% YoY. The ferroalloy was mostly supplied to customers from the Asian-Pacific Region, where it was used to produce high-strength steel. “The sales growth is due to a large demand on the market,” the company noted. (Ukrainian metal)Details
In 2019 Chelyabinsk Iron and Steel Works increased rails and beams sales by 10% YoY, to 587 thousand tons. Rails, mostly with the length of 100 meters, accounted for 280 thousand tons, up by 35 thousand tons. RZD was the main customer, having purchased enough rails to construct over 2 thousand km of railroad. ChMK…Details
In November 2019 the exports of nickel long rolled products totaled 16.4 tons, down by 60% MoM and by 50% YoY. Deliveries to Latvia decreased by 52%, to 4.7 tons, and to Ukraine from 9.7 tons to 8.6 tons. In October 2019 India imported 12.5 tons of nickel, but did not buy it in November…Details
In 2019 Russky Ugol supplied 1.1 million tons of coal from Krasnoyarsk region to Russian and foreign customers, up by 10% YoY. This coal is extracted at the Sayano-Partizansky Pit with the reserves of 1.5 billion tons. The pit was commissioned in 1991. (Ukrainian metal)Details
In January RZD transported 100.2 million tons of cargo, down by 4.9% YoY. In particular, 10.1 million tons of iron and manganese ore were transported, up by 2%. Transportation of ferrous metals decreased by 2.2%, to 6.4 million tons, while of scrap grew by 12.6%, to 0.663 million tons. Last year ferrous metals transportation totaled…Details