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In January Krasniy Octyabr produced over 27 thousand tons of liquid steel, up 3.5-fold YoY. Nickel-containing steel output totaled 25422 thousand tons, and chromium steel – 656 tons. Moreover, the company produced 18.5 thousand tons of sheets and bars. (Ukrainian metal)
DetailsIn 2019 VSMPO-Avisma produced 44 thousand tons of spongy titanium, which became a record-high result for the company. The corporation now accounts for 30% of the global titanium market. Last year VSMPO-Avisma intended to increase output by 6%, to 35 thousand tons, and in 2020 – to 38 thousand tons. (Ukrainian metal)
DetailsIn 2019 Rusolovo, developing sites in Khabarovsk region, increased tin concentrate output 1.5-fold YoY, to 2290 tons. 2 enterprises provided for the entire output – Pravourminskoye LLC and Tin Ore Company. Investments last year totaled 1.1 billion rubles. 673 people are employed. (Ukrainian metal)
DetailsThe situation on steel product markets in 2019 was rather challenging. H2 2019 saw prices fall below the cycle average. “The dive was so deep, we estimate that 80% of global HRC production was loss-making. The margins in the sector were further pressured by increasing prices for raw materials”, NLMK Group CFO Shamil Kurmashov commented.…
DetailsAt a meeting held on February 12, NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q4 2019 dividend of 5.16 rubles per share. Taking into account dividends accrued in Q1-Q3 2019, 2019 dividends will total 19.4 rubles per share, which is approximately 120% of NLMK Group’s free cash flow for the relevant…
DetailsSocial standards of ArcelorMittal Kriviy Rih are one of the highest in mining and metallurgical industry of Ukraine. Last year, social expenses of the company amounted to UAH 432.4 million. Traditionally, the most considerable part of funds, namely UAH 179.7 million, was allocated for rest and health improvement in 2019. Last summer almost 11 thousand…
DetailsRussian silver and gold producer Polymetal has raised ore reserves of its Kutyn field more than 2-fold, to 812,000 ounces of gold under the JORC code, the company said in a statement on February 12. “The updated JORC-compliant open-pit ore reserves estimate as of October 1, 2019 comprises 8.4 million tons of ore with an…
DetailsRussian steelmaker Novolipetsk Steel expects its facilities at the Lipetsk site to raise steel production quarter-on-quarter in January-March to maintain year ago levels, the company said in a statement on February 12. “We expect to increase steel manufacturing at the Lipetsk site to the level of the same period of the previous year as capital…
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