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Deloitte 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…
DetailsBHP Group posted its largest annual profit in five years and record full-year dividends, but its share price eased as the world’s biggest miner flagged global economic headwinds that could hit demand for its key commodities, iron ore and copper. Both profit and dividends slightly undershot expectations as BHP (BHP.AX) kept cash in its coffers…
DetailsNEW DELHI: Indian startups with turnover in excess of Rs 25 crore may have to pay income tax even though they may be eligible for the three-year tax holiday announced by the government. That’s because under tax laws, the threshold for exemption remains at Rs 25 crore. It has not yet been enhanced to Rs…
DetailsA slowdown in production at the ArcelorMittal Tin Mill in Weirton will result in nearly 100 workers expected to be laid off in phases beginning this week. ArcelorMittal said “In order to maintain its position as a competitive and sustainable tin plate producer, ArcelorMittal Weirton will lay off approximately 100 employees for an indefinite period…
DetailsHere are five Fastmarkets MB stories you might have missed on Wednesday August 21 that are worth another look. Swiss trading house Trafigura has begun blending copper concentrates in Malaysia, with small batches of output being offered to the market, Fastmarkets has learned. Zinc premiums in the United States widened upward in the week to Tuesday…
DetailsGlobal crude stainless steel production is predicted to reach a new record annual total of 53.1 million tonnes, in 2019. This would exceed the previous high figure, set last year, by more than 4.6 percent. Despite strong expansion in emerging countries, such as India and Indonesia, Chinese growth continues to outstrip the world average. MEPS’…
DetailsNLMK Group (LSE: NLMK; MOEX: NLMK) is pleased to announce that it 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…
DetailsMoscow, 30 April 2019 – RUSAL, a leading global aluminium producer, announces its operating results for the first quarter 2019 (“1Q19”). Key highlights Aluminium Aluminium production in 1Q19 totaled 928 thousand tonnes (-1.6% quarter-on-quarter (“QoQ”)), with Siberian smelters representing 93% of total aluminium output; In 1Q19, aluminium sales amounted to 896 thousand tonnes. In 1Q19…
DetailsRUSAL (486 Hong Kong, RUAL Moscow Exchange), one of the largest aluminium producers in the world, will plant 500 thousand trees in the Irkutsk region, as part of the Company’s climate strategy on greenhouse gas absorption. During the St. Petersburg Economic Forum, RUSAL, the Federal Forestry Agency and the Government of the Irkutsk region signed…
DetailsThe Gornaya mine in Lugansk region is operating in emergency mode and could drown because of electricity debts. Since August 1 the Pervomayskugol mine has not been able to operate in normal mode. The mine is also lacking spare parts. If the situation is not stabilized, the mine will be flooded. (Ukrainian metal)
DetailsRustechnogroup has paid a multi-million tax debt after the regional bailiffs arrested the company fleet. The Belgorod-based enterprise of the company producing construction metal structures owed 5.4 million rubles of taxes. The bailiffs asked to arrest the company accounts and prohibit any registration activities with its cars. As of today all the prohibitions have been…
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