Russia: NLMK Group migrates online marketplace and customer service to new platform

NLMK Group, a global steel company, is migrating its online marketplace https://nlmk.shop/ and customer service to SAP C/4HANA platform (formerly known as SAP Hybris), a part of SAP Customer Experience solutions portfolio, to enable prompt delivery of a wide range of steel products and a unique customer service offer. NLMK’s e-marketplace for SME’s https://nlmk.shop/ was…

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Russia: MMK IFRS net profit down in H1 2019

The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) fell by 25.9% YoY, to $497 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 1. Revenue went down by 7.8%, to $3.835 billion in the period. Earnings before interest, taxes, depreciation, and amortization…

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Ukraine: state mine groups order 112 million UAH worth of steel products

Spetstrade Ltd LLC in April-July received several orders from state mine groups to supply various products made mostly of steel valued at 112.69 million UAH. In particular, Toretskugol placed orders for 54.97 million UAH, Mirnogradugol – 44.99 million UAH and Selidovugol – 12.73 million UAH. The most expensive agreement with Mirnogradugol (37.58 million UAH) presupposes…

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Russia: scrap exports to be limited

Russia can limit the export of ferrous and non-ferrous metals scrap to countries, which are not parts of the Eurasian Economic Union from January 1, 2020. The exports will be limited to the volumes purchased at the exchange. This will make the scrap exports more transparent. For the past 10 years Russia has been procuring…

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Russia: Gaysky GOK assembles skip hoist

Gaysky Mining and Processing Works has finished assembling all the units of the skip hoist manufactured by Uralmashzavod. It will replace the outdated machine currently in use. This is the final stage of the Expluatatsionnaya mine reconstruction, which Gaysky GOK has been carrying out since 2011. The mine has to be commissioned in August. (Ukrainian…

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