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…Details
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In February Zaporizhstal increased steel output by 3.7% YoY, to 329.7 thousand tons. Pig iron manufacture grew by 0.7%, to 360.9 thousand tons. At the same time the rolled metal output dropped by 3.5%, to 277 thousand tons. In January-February steel production went up by 0.4% YoY, pig iron dropped by 2.9% and rolled metal…Details
The prices of gold and silver decreased in Azerbaijan on March 1. The price of gold dropped by 9.571 manats, to 2,232.5505 manats per ounce compared to the price on February 28. The price of silver fell by 0.2674 manats, to 26.5122 manats per ounce. At the same time the price of platinum grew by…Details
In 2018, the total financial benefit of the introduction of innovation suggestions at the Magnitogorsk Iron and Steel Works (MMK) amounted to 453.6 million rubles. Last year, MMK’s expert commission considered 5,792 proposals, of which 3,872 (66.8%) were selected as innovative ideas to be implemented. Traditionally, most of the ideas submitted addressed the issues of…Details
Earnings before interest, taxes, depreciation and amortization (EBITDA) of pipe producer TMK increased by 9% QoQ, to $179 million, while revenue grew by 5%, to $1.264 billion in October-December 2018, as calculated under International Financial Reporting Standards. The gross profit rose by 1%, to $224 million, while the EBITDA margin remained unchanged at 14%, it…Details
The meeting of the coordinating council of Magnitogorsk Iron and Steel Works (MMK) and TMK was held in Magnitogorsk. The representatives of both companies reviewed their joint work in 2018 and discussed future collaboration. According to the results of 2018, 504,600 tons of MMK’s flat steel products were shipped to TMK’s pipe mill. This represents…Details
Thailand has lifted a special protective duty it imposed on imports of Russian alloyed hot-rolled steel, the Economic Development Ministry said. “Alloyed hot-rolled steel from Russia now has access to the Thai markets. The kingdom has submitted a notification on conclusion of revision of the protective measures to the World Trade Organization,” the statement read.…Details
In 2018, MMK Group’s financial contributions to charitable causes and new social programs increased by 11% YoY, reaching nearly 2.5 billion rubles. MMK allocated over 1.6 billion rubles to charitable and social projects. A key aspect of MMK’s and the group subsidiaries’ social programs is the encouragement of social activities aimed at improving the health…Details
NLMK Group, a global steel company, will be hosting a Capital Markets Day in London on March 4. The company will present its new development Strategy 2022 and hold a Q&A session with investors. NLMK Group will be represented by Marjan Oudeman, Independent Member of the Board of Directors, Oleg Bagrin, Member of the Board…Details
The Belarusian news outlet Naviny reported on companies that were behind Russian coal supplies from Belarus to Ukraine, as was earlier reported that Ukraine last year boosted imports of anthracite coal from Belarus, which was not mined there. According to the publication, mainly lean coal originating from the Kiyzassky open-pit mine, managed by businessman Dmitry…Details
A new warehouse of Severstal Distribution has been opened in the city of Naberezhniye Chelny. Its main customers will be the machine-building and construction companies. “Last year Severstal Distribution increased sales in the Privolzhye Federal District, by 25% YoY, to 200 thousand tons. Four subsidiaries were selling metal – in Kazan, Samara, Nizhniy Novgorod and…Details
Kuzbassrazrezugol has successfully passed a certification for the correspondence to the international standard ISO 50001. The certificate has been awarded to the company and all of its subsidiaries. The implementation of the energy management system began in 2015. Kuzbassrazrezugol also has the certificates of ISO 9001, ISO 140001 and OHSAS 18001. The new certificate is…Details
Koksokhimmontazh has started constructing above ground structures to implement coal charge stamping at the coke over battery No. 5 of Altai-Koks. According to the new technique, the charge will be loaded into the coke oven not from above, but horizontally as a briquette. This year 12 objects will be built at the site. “The technique…Details