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Russia: MMK on pipes market

In 2017 MMK sold 3.22 million tons of hot-rolled metal, with some 60% supplied to Russian pipe companies. According to MMK senior region sales manager Andrei Golitsyn, the main customers are Seversky Pipe Works, Uraltrubprom and Almetyevsky Pipe Works. Last year Ural Federal District accounted for around 55% of all sales, with Privolzhsky for 30%…

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Ukraine: Russia-manipulated terrorists trying to resume operation at Yenakievo Works

Russia, which controls its own terrorist organization of the Donetsk People’s Republic, has started restoring machinery at Yenakievo Iron and Steel Works, burned down by the militants in early April. “The rare and expensive machinery is slowly being restored, the manufacturing process is going on. Thanks to the Russian specialists and enormous sums of money…

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Ukraine: Metinvest GOKs to pay 4.86 billion UAH of dividends

Shareholders of Ingulets Mining and Processing Works, Central Mining and Processing Works and Severniy Mining and Processing Works (all parts of Metinvest) at their meetings on May 18 decided to pay dividends for 2017 in the total of 4.86 billion UAH. In particular, InGOK will spend 2.16 billion UAH to pay dividends, and leave 2.6…

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