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At the Extraordinary General Shareholders’ Meeting (EGM) held on June 7, NLMK shareholders approved the payment of Q1 dividends of 7.34 rubles per share, or 100% of the company’s free cash flow according to NLMK Group’s consolidated statements prepared in accordance with IFRS. The date upon which the shareholders entitled to Q1 dividends will be…
DetailsAt public hearings, ArcelorMittal Kriviy Rih presented the report on assessment of environmental impact for the project on reconstruction of secondary and fine crushing building at production area No. 2 of Crushing Plant (CP). Area No. 2 of Crushing Plant is used for receiving and processing of ore extracted from open pit No. 2-bis (area…
DetailsIn January-May, Ukraine exported $4.068 billion worth of ferrous metals, down by 8.3% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.47% of all export revenue as opposed to 22.81% last year. In May ferrous metals export revenue was $888.2 million. In 5 months Ukraine decreased ferrous metals imports by 5.5%, to…
DetailsIn 2018 Aksay Iron and Steel Company manufactured 13 thousand tons of products, including 5 thousand tons of aluminum alloys of 12 grades and more than 7.5 tons of copper. The company has been cooperating with the Baltika Brewery, a part of Carlsberg Group. In January-October 2018, the brewery shipped 45 thousand tons of waste…
DetailsKrasniy Octyabr Iron and Steel Works has commissioned its steel-smelting furnace No. 5 with the volume of 200 tons. The furnace in the electric arc shop No. 2 was shut down in May 2018 for repair, when the roof over it was disassembled in order to install dry gas-purification equipment. This was the first repair…
DetailsIn May, Severstal Distribution sold 109 thousand tons of metal in Russia. On average since the start of the year the company has been selling 82 thousand tons of metal per month. The previous record of 95 thousand tons was set in August 2018. The record-high volume of sales has been reached as the result…
DetailsKrasniy Octyabr Iron and Steel Works is mastering the manufacture of a new product – pipe billets with the diameter of 184 mm (10X13N2MF) and 190-250 mm (15X13N2). The billets will be supplied to Volzhsky Pipe Works, which used to buy them abroad. The decision to increase cooperation has been taken after a number of…
DetailsPrices of gold and silver increased in Azerbaijan on June 7 compared to the previous prices. The price of gold grew by 16.677 manats, to 2,265.93 manats per ounce. The price of silver went up by 0.2399 manats, to 25.303 manats per ounce. The price of platinum dropped by 25.211 manats, to 1,368.4065 manats per…
DetailsMost of the licenses were issued in Kyrgyzstan for development of mineral resources – 1,273, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use Myrza Zhamanbaev reported. According to him, 917 licenses have been issued for mineral exploration, and 230 – for prospecting. In total, over the years of independence, 2,420 licenses…
DetailsIn 2018, taking into account tenders and auctions, revenues to the republican and local budgets from the work of mining enterprises amounted to 10,687 billion soms, the State Committee for Industry, Energy and Subsoil Use presented such data. According to the committee, as of today, the industry employs more than 18,000 people. The volume of…
DetailsThe Russian metal trade fair trio Tube Russia, Metallurgy Russia and Litmash Russia took place together at the Moscow exhibition center Krasnaya Presnya on May 14 to 17. 270 companies from 20 countries presented technological innovations and solutions for the requirements of industry 4.0. Next to Russia and its neighboring Eastern European countries, exhibitors primarily…
DetailsIn April, Armenia produced 1210 tons of molybdenum concentrate, down by 10.4% MoM, but up by 27.5% from the 2018 average level. Ferromolybdenum manufacture increased by 3.3% MoM and by 25.3% YoY, to 683 tons. In January-April, molybdenum concentrate output grew by 15% YoY, to 4250 tons, while that of ferromolybdenum – by 5.8%, to…
DetailsIn 2018 Uralelectromed produced 400 thousand tons of copper cathodes, up by 5.8% YoY. This is the highest result in the company 85 years of operation. The output increase is due to the copper electrolysis second stage commissioning. Last year copper wire rod output increased by 13%, to 170 thousand tons. The company has also…
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