NLMK Group, a global steel company, is migrating its online marketplace https://nlmk.shop/ and customer service to SAP C/4HANA platform (formerly known as SAP Hybris), a part of SAP Customer Experience solutions portfolio, to enable prompt delivery of a wide range of steel products and a unique customer service offer. NLMK’s e-marketplace for SME’s https://nlmk.shop/ was…Details
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NLMK Group, a global steel company, has signed cooperation agreements with leading players in the steel trading market: Metallservis and Steel Industrial Company, whose total sales in 2018 amounted to 4.3 million tons of steel products. As part of the partnership, traders will be able to showcase their entire product range through NLMK’s https://nlmk.shop/ online…Details
The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) fell by 25.9% YoY, to $497 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 1. Revenue went down by 7.8%, to $3.835 billion in the period. Earnings before interest, taxes, depreciation, and amortization…Details
Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev has met with Scott Perry, President and CEO of Centerra Gold Inc., and some members of the Board of Directors of the Canadian company. During the meeting, issues of the company’s activities and prospects for deepening cooperation in the interest of further improving the efficiency of the Kumtor mine…Details
In January-June Kuzbassrazrezugol mined 22.9 million tons of coal, including 2.8 million tons of coking coal. The output is within the planned volumes. Mine stripping totaled 189 million cubic meters, up by 10% YoY. 20 million tons of coal were shipped to the customers, up by 1% from the target. In particular, exports grew by…Details
Status LLC and its daughter company Orotukanskaya Alluvial Company LLC are developing alluvial gold sites in Magadan region. This year they intend to extract at least 1 ton of gold. The companies started the washing season in early May. So far they have obtained 535 kg of gold, up by 10% YoY. Last year the…Details
For the sixth year in a row Russia has been retaining the third position in the world ranking of gold extraction, following China and Australia. In 2018 Russia extracted 329.9 tons of gold, up by 3.7% YoY. The leading positions in Russia are held by Krasnoyarsk and Magadan regions, as well as the Republic of…Details
Artem Akinfiyev has been appointed Severstal Russian Steel pipe manufacture director – Izhorsky Pipe Works general manager. He started his work with Severstal as a mechanic-repairman at Cherepovets Iron and Steel Works. From May 2017 till July 2019 he has been Severstal – Bar Works Balakovo CEO. Dmitriy Pokrovskiy, who has been managing ITZ until…Details
In April-June Metalloinvest increased iron ore output by 4.8% QoQ, to 10.063 million tons. The increase is due to the processing of a better quality ore as well as the decrease in repair time of machinery. Pellets manufacture went up by 5.7%, to 7.23 million tons, and hot-briquetted/directly reduced iron – by 0.4%, to 2.029…Details
ArcelorMittal Kriviy Rih has opened a new metal warehouse in the city of Dnipro. The warehouse is situated on the left bank of the river Dnipro close to a traffic intersection and railroad. The site is expected to sell some 5 thousand tons of metal each month. The warehouse can store up to 10 thousand…Details
In January-June iron ore manufacture at Metinvest enterprises grew by 3% YoY, to 14.454 million tons. In Q2 concentrate output increased by 1% QoQ, to 7.25 million tons, mostly due to the growth of output at SevGOK by 87 thousand tons, which compensated for the drop of 41 thousand tons at InGOK. Pellets manufacture increased…Details
Spetstrade Ltd LLC in April-July received several orders from state mine groups to supply various products made mostly of steel valued at 112.69 million UAH. In particular, Toretskugol placed orders for 54.97 million UAH, Mirnogradugol – 44.99 million UAH and Selidovugol – 12.73 million UAH. The most expensive agreement with Mirnogradugol (37.58 million UAH) presupposes…Details
In January-June Metinvest produced 3.923 million tons of steel and 4.008 million tons of pig iron, up by 3% but down by 7% YoY respectively. Coke manufacture dropped by 7%, to 2.48 million tons. In Q2 steel output increased by 2% QoQ, to 1.982 million tons, and pig iron – by 5%, to 2.051 million…Details