Russia: MMK-Metiz investment program approved

Magnitogorsk Iron and Steel Works board of directors has approved of the investment program for MMK-Metiz.

Capital investments will total 3.8 billion rubles. The program is intended to run through 2020.

MMK-Metiz was created in 2003. (Ukrainian metal)

Russia: TMK to increase pipes sales

In 2017 TMK intends to sell 3.8 million tons of pipes and in 2018 – 4.3 million tons.

According to the company first deputy CEO Vyacheslav Popov, last year TMK sold 3.5 million tons of pipes. (Ukrainian metal)

Ukraine: Evraz gives 95% in Evraz Yuzhkoks to Dashuria

Evraz has transferred 94.96% of Evraz Yuzhkoks shares, previously owned by Palmrose B. V,. to Dashuria.

Both Dashuria and Palmrose are Evraz daughter companies.

In 2016 Evraz Yuzhkoks received 61.1397 million UAH of net profit, down 3.5-fold YoY, while its net income rose by 11.22%, to 2.763 billion UAH. (Ukrainian metal)

Kazakhstan: Chinese companies to mine iron and nickel in Aktobe region

Shenzhen delegation visited the Kargalinsk district of Aktobe region. Chinese businessmen were presented the project of iron and nickel ore development at the Velikhovskoye iron ore deposits. Investors showed their interest in long-term cooperation with the district in deposits developing. Having signed the memorandum of cooperation the investors noted that a special group would analyze…

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Ukraine: Zaporozhogneupor output up in November 2017

In November Zaporozhogneupor increased output of all its molded refractories: magnesia, chamotte and high-aluminous wares. In particular, the company produced 10.6 thousand tons of molded refractories: 4.8 thousand tons of magnesia refractories, 4.8 thousand tons of chamotte refractories and 1.6 thousand tons of high-aluminous wares. In January-November Zaporozhogneupor produced 93.8 thousand tons of molded refractories,…

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Russia: Profil-Akras produces 10.4 thousand tons of pipes in November 2017

In November the Profil-Akras pipe works produced 10.4 thousand tons of pipes.

Last month the company supplied 13.1 thousand tons of pipes to its customers. In particular, 2.4 thousand tons were exported. (Ukrainian metal)

Russia: MMK to pay dividends for Q3 2017

Shareholders of the Magnitogorsk Iron and Steel Works decided to pay dividends for the operation in Q3 in the amount of 1.111 rubles per ordinary share. The total amount is around $209 million, or 59% of the company funds. This corresponds to the dividend profit of 2.5%. The shareholders entitled to receive dividends will be…

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Russia: Tulachermet to get special crane

Following the construction of a ladle crane for Evraz ZSMK, Uralmashzavod is working on a special crane for Tulachermet.

The machinery will be used at the new iron and steel works being built in the city of Tula.

For Tulachermet-Steel Uralmashzavod has already produced 10 cranes. (Ukrainian metal)