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At an extraordinary meeting Severstal shareholders have approved paying dividends for January-September in the amount of 27.47 rubles per ordinary share. The combined amount of dividends in 2019 is expected to reach 117 rubles. Alexei Mordashov owns 77.02% of shares, 21.51% are free float and 1.47% belong to the Treasury. (Ukrainian metal)
DetailsFollowing the Alardinskaya mine, two more Raspadskaya Coal Company mines have reached their annual output target in advance. The first is the Yerunakovskaya-VIII mine. Since the start of the year the miners have extracted 2.5 million tons of coal. In December a new long face (48-7) will be commissioned. It will help extract up to…
DetailsBeloretsk Iron and Steel Works has confirmed its status of the manufacturer of steel ropes for river vessels. A corresponding certificate has been granted by the Russian River Register. The certificate is valid for 2 years. It allows BMK to produce galvanize steel ropes according to 18 GOSTs. (Ukrainian metal)
DetailsIn September Russia imported 152.8 tons of molybdenum ore, down by 45% MoM and by 53.5% YoY. Deliveries from the USA dropped from 80 tons to 18 tons, and from the Netherlands – 2-fold, to 90 tons. In 9 months imports totaled 2.2 thousand tons, down by 19% YoY. In monetary terms since the start…
DetailsSusumanzoloto, developing alluvial sites in Magadan region and the Republic of Sakha, has finished the washing season with 5406 kg of gold, up by 8.5% YoY. In particular Drazhnik LLC extracted 1758 kg of gold, Chai-Urya zoloto LLC – 852, Itkana LLC – 538, Astra LLC – 447, Sever LLC – 357, Chelbanya Pit LLC…
DetailsMechel-Service has supplied over 1.5 thousand tons of rebars for the construction of the Planeta shopping mall in the city of Perm. The construction is carried out on the site of an old hippodrome, at the juncture of the main streets – the Mir Street and the Kosmonavtov Highway. A500S rebars manufactured by Chelyabinsk Iron…
DetailsAccording to Worldsteel, global steel output in January-October totaled 1541.64 million tons, up by 3.17% YoY. China is a traditional leader with 829.22 million tons, up by 7.44%. Ukraine is still holding to its 13th place with 17.96 million tons of steel produced, up by 2.32%. (Ukrainian metal)
DetailsIn January-September the volume of capital investments in metallurgy grew by 34.1% YoY, to 20.43 billion UAH. According to the State Statistics Service, in Q3 investments began decreasing. In July-September investments grew by 29.5%, while in Q1 – by 34.5%, and in Q2 – by 42%. (Ukrainian metal)
DetailsIn September Russia exported 9.8 thousand tons of nickel matte, up by 90% MoM and by 137% YoY. Finland is still the only importer of the product. In 9 months exports totaled 102 thousand tons, up by 76% YoY. In monetary terms since the start of the year the exports have increased by 45%. Prices…
DetailsThe state research center CNIITMASH, a part of Rosatom, and Ural Steel have developed a technique to produce plates of new steel grades. The material and technique are necessary for use in the projects to produce liquefied natural gas, especially in the far north. The work to develop the technique to produce plates of new…
DetailsNext year VSMPO-Avisma intends to increase output by 8% YoY, to some 38 thousand tons. This year the corporation expects to produce 35 thousand tons of titanium wares, up by 6% YoY. The current investment program presupposes investments on the level of $700 million until 2027 and the increase of output by more than 20%…
DetailsEvraz ZSMK has finished a 55-day capital repair of its oxygen converter. The capacity of the machine is over 100 thousand tons of steel per month. Investments reached 90 million rubles. Evraz ZSMK operates 5 converters. On average they produce 570 thousand tons of steel per month. Next year another converter and continuous casting machine…
DetailsIn January-September Uchaly Mining and Processing Works received 368 million rubles of net loss. Last year net profit amounted to 256.8 million rubles. Revenue grew to 16.7 billion rubles from 16.4 billion rubles. Sales profit increased 2.4-fold, to 1.75 billion rubles, and gross profit – by 26.8%, to 3.95 billion rubles. (Ukrainian metal)
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