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In June Russia exported 1.17 million tons of semi-finished steel products, down by 14% YoY, but up by 4.2% MoM. According to the Federal Customs Statistics, since March exports have been falling. In January-June Russia exported 7.58 million tons of steel semis, down by 7% YoY. Taiwan was the main customer, accounting for 24% of…
DetailsNLMK Group has joined the United Nations Global Compact, the world’s largest sustainable development and corporate social responsibility initiative. As a participant of the UN Global Compact, NLMK Group voluntarily commits to align its operations and strategy with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption, and to take…
DetailsThe core shareholders of the Russian metals giant Norilsk Nickel are not discussing changes of its dividend policy as the market is favorable enough for the fulfillment of all liabilities, CFO Sergei Malyshev announced. The company amended its dividend policy in 2016 to pay dividends twice a year in an amount depending on the ratio…
DetailsA rock slid in the Novo-Kalyinskaya mine of the North Urals Bauxite Mine (SUBR), a subsidiary of Russian aluminum giant UC RUSAL in the Sverdlovsk region, blocking one miner, a spokeswoman for the regional Prosecutor General’s Office reported. “It was preliminarily established that a rockburst happened in the Novo-Kalyinskaya mine owned by JSC SUBR, a…
DetailsElectricity consumption in January-July dropped by 0.4% YoY, to 88.169 billion kW-h. According to the Ministry of energy and coal industry, industrial companies decreased electricity consumption by 0.9%, to 29.948 billion kW-h. In particular, the metal industry decreased consumption by 0.9%, to 17.153 billion kW-h. (Ukrainian metal)
DetailsNEW DELHI: As India’s consumption breakdown begins to bite, the focus is firmly shifting to the four big buttresses that once kept the consumer economy rolling but are now floundering. Traditionally, the bulls have emerged from the shadows whenever these four have had good numbers to show. When they haven’t, the bears have taken over.…
DetailsBusiness Standard reported that UK based alternative investment manager that specialises in turning around underperforming facilities Nithia Capital has identified around 15 stressed steel assets in India for acquisition. While Nithia has zeroed in on about 15 assets, it is not planning to acquire all of them. Although they are all stressed assets, not all…
DetailsTurkey’s steel end-product consumption totaled 12.3 million tonnes in January-June 2019, down by 32.3% compared with the same period 2018, according to the Turkish Steel Producers’ Association (TÇÜD). Turkey consumed 5.3 million tonnes of finished long steel products, down by 41.1% compared with January-June 2018. Flat steel end-product consumption was 7 million tonnes in the…
DetailsThe prognosis for the Brazilian steel market is unchanged. Distributors plan to persevere with conservative inventory levels, reflecting a seasonal slowdown in end-user demand. Shipments to companies in construction related activities is weak. Steel price support from export demand is limited. In Russia, steel consuming engineering and manufacturing firms are reluctant to increase production capacity…
DetailsNLMK Lipetsk, NLMK Group’s flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in Russia. NLMK’s NGO steel will be used to manufacture generators for the Azov wind farm, Rostov region’s first-ever renewable energy project. The 90 MW Azov…
DetailsDeloitte CIS has completed an assessment of MMK’s digital maturity and transformation potential as part of MMK’s digitalisation strategy. The joint team applied Deloitte’s global experience to analyse MMK’s current digital initiatives and future potential. Currently, as part of the Company’s Industry 4.0 initiative, MMK is implementing more than 20 projects, dozens have been completed…
DetailsNLMK Group and venture capital firm Fort Ross Ventures, a partner of Sberbank, have penned an agreement to cooperate to support innovations. Under the agreement, Fort Ross Ventures will provide NLMK Group with information on projects related to the Internet of Things, artificial intelligence technologies, cyber-security, cloud technologies, etc., that will enable the company to…
DetailsRUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminium products for the US automotive industry. The design capacity…
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