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Pokrovsky Mining and Processing Works (previous name – Ordzhonikidze GOK) could spend 95% of its 2018 net profit (385.47 million UAH) to pay dividends. The decision will be taken at the next shareholders meeting scheduled for January 14, 2020. The first suggestion was to send 5% of the profit (19.27 million UAH) to the reserve…
DetailsIn January-October Ukraine exported 12.92 million tons of rolled steel, up by 5.21% YoY. The share of exports in the total manufacture grew from 79.9% to 83.2%. The share of semi-finished products in exports increased from 43.57% to 47.02%, while that of flat metal dropped from 34.99% to 33.45% and of bars from 21.44% to…
DetailsDeliveries of rolled metal to Ukrainian companies in January-October dropped by 10.9% YoY, to 3.832 million tons. Imports accounted for 1.217 million tons, or 28.3% of all deliveries, up by 3.5% YoY. The share of flat metal in imports grew from 50.77% to 56.89%. The share of bars dropped from 46.43% to 40.12%. CIS countries…
DetailsIn October-November Volnogorsk Mining and Metallurgical Works concluded 4 agreements with Hydrospetsservice Industrial Enterprise LLC on hydro-mechanical earth works valued at 120.36 million UAH. Until the end of 2020 the company has to deepen a settling pond of the Skazhena gulch tailings as well as clear tailings of the processing manufacture at the above-mentioned gulch…
DetailsThe Ministry of Economy, Foreign and Domestic Trade of Brazil has started its first antidumping investigation of the import of steel pipes from Ukraine. The objects of investigation are carbon steel seamless pipes with outer diameter of not less than 141.3 mm made for oil and gas pipelines. The probable dumping period spans April 2018…
DetailsUntil December 20 Russkiy Chrome 1915 intends to carry out a scheduled repair of the drainage system around its sludge collector No. 1. The pump station No. 3 has already been shut down in order for the electric pump to be replaced. The modernization of the drainage system is a preparatory stage to assemble new…
DetailsThe government of the Orel region and Sirius Manufacturing Company LLC have signed an agreement to create an aluminum powder manufacture in the Mtsensk territory of advanced development. The capacity of the new manufacture will be 5 thousand tons per year, or 1 billion rubles. Investments in the project will total 15.8 million rubles, and…
DetailsMechel-Service has supplied over 1.5 thousand tons of rolled metal for the construction of a hockey academy of the Continental Hockey League club Avangard in Omsk. The company has delivered beams, sheet and rebars manufactured at Chelyabinsk Iron and Steel Works. The academy will be located on the territory of 70 ha. (Ukrainian metal)
DetailsKANEX has supplied main units of smoke gases cooling boiler and other equipment for the reverberatory furnace No. 1 to Kola Iron and Steel Company. The sections of the boiler with the diameter of 2640 mm with the combined weight of over 14 tons have been made to order. The capital repair of the furnace…
DetailsNLMK Lipetsk, the flagship site of NLMK Group, has relaunched its basic oxygen furnace No. 2, a steelmaking facility with a capacity of over 3 million tons per year, following an overhaul. The launch of a new dust and gas collection system in line with Best Available Techniques (BATs) was tied in with the relaunch…
DetailsIn January-September Khabarovsk region produced 21.7 tons of gold, up by 1.2% YoY. Last year the overall output totaled 24.8 tons, which became an absolute record in the region. 17.5 tons of ore gold were extracted this year, spurred by the commissioning of the Polyanka deposit, which since September had yielded 623 kg of gold.…
DetailsAt 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…
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