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
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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
Beloretsk Iron and Steel Works has confirmed the quality certificates for its wire and rebars used to reinforce ferroconcrete structures. The Mosstroysertifikatsia specialists have checked the manufacturing technique, the machinery condition and participated in testing samples of the products. The certificates have been issued for 3 years with annual confirmation. BMK has been cooperating with…Details
Severstal-Vtorchermet has carried out an investment project to construct a new machine – a press to make briquettes of metal shavings at the Cherepovets Iron and Steel Works. Investments in the project totaled 150 million rubles. The construction began in Q1 2018. The machinery was supplied by ATM, Austria. The machine will reach its design…Details
This year Evraz intends to spend $800 million on capital expenditures and confirms 4 projects. The company is reviewing for major investment projects in Russia and North America valued at some $1.3 billion. They include the creation of the flat rolled metal manufacture at ZSMK, as well as a new 100-meter rails shop in Colorado.…Details
In 2018 Metinvest enterprises paid 22.2 billion UAH to the budgets of all levels, up by 50% YoY. In particular, the group paid 11.1 billion UAH of profit tax, up by 76%. The payment of single social tax grew by 30%, to 3.1 billion UAH, and the individual income tax – by 22%, to 2.9…Details
In 2018 Ukraine exported 657 thousand tons of pipes valued at $737.8 million. This is the highest result in the past 4 years. In 2015 Ukraine exported 594.1 thousand tons of pipes valued at $576.4 million. Thus, in 2018 exports grew by 9.5% and by 21.8% from 2015 respectively. Last year Ukraine exported 624.9 thousand…Details
Standard and Poor’s has improved the long-term loan rating of Metalloinvest from BB/Stable to BB+/Stable. The rating improvement has to do with the company debt decrease and good operational and financial results shown in 2018. S&P has also improved the ratings of the Metalloinvest Finance DAC eurobonds from BB to BB+. (Ukrainian metal)Details
In 2018 Severstal sold 150 thousand tons of new types of products developed under the Product Innovations project. In particular, in late 2018 in less than a month a non-standard order was designed and produced for Severstal Steel Structures. Earlier several months would have been needed. The company produces roofing sheet and asked to make…Details