Shareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends. The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share. The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)
DetailsUntil 2024 Mechel will carry out an environment program with the combined volume of investments of 10 billion rubles. As the result, pollution will decrease by 14.2 thousand tons per year. This is stipulated in the agreement between Mechel, the Ministry of Nature, the Russian Nature Oversight Service and the Chelyabinsk region authorities. The modernization…
DetailsMetinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…
DetailsIn May Russia increased imports of flat galvanized rolled metal by 5.8% YoY, to 74.4 thousand tons, but decreased by 3.3% MoM. In 5 months imports grew by 8% YoY, to 290.5 thousand tons. Kazakhstan supplied the most metal accounting for 32.3%, down by 35.3%. The average price was $754 per ton without VAT. The…
DetailsThe state enterprise Mine named after Surgay has ordered Alzo LLC the delivery of a pipeline valued at 35.25 million UAH. During the year the company has to supply 2 thousand sections of the degassing pipeline with the outer diameter of 325 mm and the length of 3.8 meters, 2,200 paronite packings and 12 thousand…
DetailsCorum Group (DTEK) has won a Polska Grupa Gornicza S.A. (PGG) tender. Corum Svet Shakhtera and Corum Druzhkovka Machine-Building Works will produce foundry parts for automated anchoring. This is the third order this year. The parts will be shipped in early 2020. Last year Corum Group supplied an automated complex of 140 ZRP 15/35 anchoring…
DetailsSeverstal-Metiz rebars have passed certification for the Scandinavian market. Eurofins Expert Services has confirmed that the range of cold-deformed rebars with the diameter of 5 to 10 mm corresponds to the quality standards. The certification procedure lasted for almost a year. (Ukrainian metal)
DetailsIn January-June the Stepnoy Pit (a part of the Russky Ugol) produced 2.24 million tons of power-generating coal in the Republic of Khakasia, up by 9% YoY. Coal processing grew by 20%, to 1.9 million tons. The Stepnoy Pit was commissioned in 1993. Last year it mined 4.2 million tons of coal. (Ukrainian metal)
DetailsKyshtym Electrolytic Copper Plant has started modernizing the copper electrolysis shop. The capacity of the new shop, to be commissioned in 2021, will be 230 thousand tons of cathodes per year. Investments will amount to $60 million. The work is divided in two stages: the first will have been commissioned by May 2020, and the…
DetailsIn June local demand for ferrous metals showed a positive dynamics of 0.6% YoY. Unfavorable world market situation negatively affected the exports, which fell by 18.3%. At the same time the local demand for non-ferrous metals dropped sharply – by 22.7%. Rusal decreased exports by 16.7%, but since the start of the year increased them…
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