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Russia: NLMK Group announces new strategy and new dividend policy

NLMKBy admin04.03.2019Leave a comment

NLMK Group announces the launch of its new Strategy 2022 and changes to its dividend policy. Strategy 2022 targets net gains of +$1.25 billion to EBITDA per annum, with $0.5 billion from operational efficiency programs that require no additional capex. Strategy 2022 is based on enhancing NLMK Group’s competitive advantages. Through operational efficiency initiatives and…

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Ukraine: Russia selling stolen Donbas coal as its own to Turkey and Europe

coalBy admin04.03.2019Leave a comment

Coal produced in Russia-occupied Donbas, Eastern Ukraine, is shipped not only to Russia but also to Turkey and countries in Europe, namely the European Union member states, without the latter’s knowing that, as shipping documents are falsified to show that the coal is of allegedly Russian origin. “This does not mean that these countries intentionally…

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Azerbaijan: Ganja Aluminum Plant to establish new export destination in 2019

Ganja Aluminum PlantBy admin04.03.2019Leave a comment

In 2019, Italy will become a new export destination for Azerbaijan’s Ganja Aluminum Plant, a source at the company reported. The source noted that presently, almost all of the plant’s production was exported. “The company’s products are exported to a number of European countries and the former USSR countries, and in the coming months, exports…

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Kyrgyzstan: downgrading of State Committee for Industry to bury mining industry

miningBy admin04.03.2019Leave a comment

“Downgrading of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan to an agency will bury the mining industry,” Chairman of the Mining and Metallurgical Trade Union Eldar Tadzhibaev declared. According to him, proposals on creation of an independent Ministry of Energy and the restoration of the State Agency for Geology and Mineral…

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CIS: pig iron output down in January 2019

pig ironBy admin04.03.2019Leave a comment

In January Russia produced 4.15 million tons of pig iron, down by 7.8% YoY (4.715 million tons in December 2018). Ukraine, no longer a part of CIS, decreased pig iron output by 9.6%, to 1.789 million tons (1.832 million tons). Kazakhstan produced 250 thousand tons of pig iron, down by 20.4% (260 thousand tons). All…

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Russia: Beringpromugol to increase coal output in 2019

BeringpromugolBy admin04.03.2019Leave a comment

In 2019 Beringpromugol LLC plans to extract 750 thousand tons of coal in Chukotka. The company will be developing the Fandyushkinskoye field deposit. Last year the company received a license to prospect and extract at the Zapadniy site till September 2038, as well as prolonged its license for the Levoberezhniy site till 2038. In 2018…

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Belarus: BMZ commissions machine to produce bulk metal cord

Belarus Iron and Steel Works, Belarus Metal CompanyBy admin04.03.2019Leave a comment

On March 1 Belarus Iron and Steel Works put into operation a new machine to produce metal cord for bulk and extremely bulk tyres. The GCR machine was assembled in the steel wire shop No. 2. This is the only shop at the company to produce such a cord. It has improved strength because of…

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Russia: UEM improves efficiency of copper powder manufacture

UralelectromedBy admin04.03.2019Leave a comment

The Uralelectromed powder shop has received a new Gecam mill. The mill processes the surface of wares made of copper powder. Previously wares were treated manually. The machine will do it 3-4 times faster and is expected to process some 20 to 30 thousand spare parts per month. (Ukrainian metal)

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Ukraine: Poroshenko launches CCM at Mariupol Ilyich

Mariupol Ilyich Iron and Steel WorksBy admin04.03.2019Leave a comment

Ukrainian President Petro Poroshenko took part in the launch of a continuous casting machine No. 4 of the Mariupol Ilyich Iron and Steel Works. “I was pleased to learn that the company had a sharp increase in wages in the second half of 2018. And the average salary at the enterprise is UAH 18,000 ($670).…

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Ukraine: scrap export duty increased

scrapBy admin01.03.2019Leave a comment

Verkhovna Rada has approved as a whole the decree to decrease the ferrous scrap shortage on the domestic market by increasing the scrap export duty from 42 euro to 48 euro per ton and prolonging it for three years. 234 members of the Parliament voted in favor of the decree. This is the third decree.…

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Russia: CherMK steel-smelting manufacture turns 10

Cherepovets Iron and Steel WorksBy admin01.03.2019Leave a comment

Cherepovets Iron and Steel Works has been smelting steel for 10 years. On March 1, 2009, the converter shop, electric arc furnace shop and limestone-dolomite shop were united into the steel-smelting manufacture. In 10 years the combined output of converter and electric steel exceeded 110 million tons. In 2018 the company produced 9.9 million tons.…

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Ukraine: Ukrzaliznytsia to earn 2 billion UAH on scrap sales

scrapBy admin01.03.2019Leave a comment

This year Ukrzaliznytsia (Ukrainian Railways) intends to actively sell scrap and outdated cars and earn some 2 billion UAH. Since late 2018 Ukrzaliznytsia has started selling scrap via the Prozorro.Sales program. At that time the company put its first four lots for sale with the combined initial cost of 260 million UAH. In January the…

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Uzbekistan: Uzmetkombinat to produce rolled wire in coils

Uzbekistan Iron and Steel Works, UzmetkombinatBy admin01.03.2019Leave a comment

The bar rolling shop No. 2 of the Uzbekistan Iron and Steel Works is finishing the project to organize manufacture of carbon steel rolled wire. The main machinery has already been assembled at the mill-300. Commissioning is scheduled for April 15. As the result of the project the company will be able to produce rolled…

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