In 2018 Izhstal sold over 63 thousand tons of metal to local machine-building enterprises, up by 22% YoY. The company mostly supplies stainless, heat-resistant and corrosion-resistant steel for the manufacture of various spare parts and machines, as well as springs and bearings. “Machine-builders are our traditional customers. Their share last year was 26%”, the company…Details
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Metinvest has finalized the deal to buy Unisteel LLC in Kriviy Rih. “We expect the company to manufacture new products – the so-called structure rolled metal with the thickness of over 1.6 mm to be used in construction”, Metinvest-SMC CEO Dmitry Lippa said. Unisteel can also produce thinner rolled metal – 0.45 mm. The works…Details
Output of thermal and coking coal in Ukraine in 2018 increased by 0.9% YoY, from 33 million to 33.29 million tons. State-owned coalmines during the reporting period extracted 4.14 million tons of coal, according to the Ministry of Energy and Coal Industry of Ukraine. In particular, the output of coking coal, used for the needs…Details
In 2018 Metinvest increased rolled metal output by 3%, to 5.769 million tons. In particular, flat rolled metal manufacture grew by 2%, to 4.747 million tons, and long rolled metal – by 14%, to 817 thousand tons. At the same time the output of rails dropped by 3%, to 65 thousand tons, and pipes –…Details
The company Ametistovoye has received the status of the Kamchatka Advanced Development Territory resident. The reason was the signing of an investment agreement valued at 4 billion rubles with the Far East Development Corporation. The company intends to construct a mine and modernize a mining and processing works at the Ametistovoye gold deposit. The project…Details
In January the West-Siberian Railroad transported 22 million tons of cargo in Kuzbass region, up by 5% YoY. In particular, the transportation of coal grew by 3.5%, to 19 million tons. The railroad also transported 775 thousand tons of iron ore (+49%) and 547 thousand tons of ferrous metals (+2.7%). (Ukrainian metal)Details
Tenaris S.A. and Severstal have announced that they will create a joint venture to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Severstal will have a 51% interest in the joint venture company, with Tenaris owning the remaining 49%. The commencement of the project is subject…Details
Metinvest-SMC has developed and implemented a special program of preferences for metal structure exporters. “Our customers – metal structure works – have orders not only locally but also from abroad. And we react to that: our warehouses carry a range of rolled metal certified to EN”, the company CEO Dmitry Lippa said. Since mid-2018 the…Details
In 2018 the steel sales of Metinvest-SMC increased by 4% YoY. “According to our preliminary estimates, the local market has grown by some 4%. Our sales increased in this range as well”, the company CEO Dmitry Lippa said. In January-November 2018 sales exceeded 2 million tons. The company is expecting good results in 2019. “We…Details
In 2018 Metinvest enterprises mastered the manufacture of over 40 new types of products. According to the Metinvest-SMC CEO Dmitry Lippa, the novelties are in various stages of mastering: some have only been produced as trial versions, while the others have already seen an increase in sales. Now Metinvest is working to get to the…Details
Last year the growth of wages at Metinvest enterprises exceeded 30%. According to the group personnel director Alexander Pimkin, key jobs saw a rise of 40-45%. “Now the salary of our key employees in metal, mining and coke departments ranges within $1000-1200 in UAH equivalent”, he said. (Ukrainian metal)Details
The Severstal board of directors has recommended paying dividends for Q4 2018 in the amount of 32.08 rubles per share. The decision to pay dividends is expected to be taken at the shareholders meeting on June 7. The day recommended for the creation of the list of shareholders to receive dividends is June 18. (Ukrainian…Details