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Severstal board of directors has recommended paying dividends for April-June in the amount of 45.94 million rubles. The voting on the issue will be held at the next shareholders meeting scheduled for September 14. The list of the shareholders entitled for the dividend payment will be created on September 25. (Ukrainian metal)
DetailsZlatoust Electrometallurgical Works is carrying out a campaign to expand grade and size portfolio. Each month manufacture of a new type of product is mastered. In July the company started producing corrosion-resistant alloy on the basis of nickel. According to the tests, the quality of the slabs corresponds to all the technical conditions and GOST…
DetailsIn January-June Izhstal produced 224 thousand tons of metal products, up by 9% YoY. Rolled metal manufacture increased by 12%, to 193 thousand tons. Sales of steel with special treatment of surface grew by 8%, of stainless grades without nickel – by 43%, and of speed steel – by 18%. Sales to the machine-building enterprises…
DetailsIn January-June the Industrial Metallurgical Holding mined 1379 thousand tons of coking coal, up by 20% YoY. Pig iron output at Tulachermet grew by 3%, to 1201 thousand tons, mostly because of the blast furnace No. 3 modernization in 2017. Coal concentrate mining reached 1202 thousand tons, down by 4%. Iron ore output dropped by…
DetailsIn January-June Ukraine mined 16.495 million tons of coal, down by 10.5% YoY. According to the Ministry of energy and coal industry, coking coal mining decreased by 8.2%, to 3.205 million tons and power-generating coal – by 11.1%, to 13.293 million tons. In June coal output dropped by 1.7% YoY, to 2.599 million tons. The…
DetailsThe president of Russia Vladimir Putin has marked the environmental initiatives of Magnitogorsk Iron and Steel Works (MMK) with a letter, sent to the company’s employees, in the course of the celebrations of the Day of the Metallurgist. The letter from the Russian president reads: “I thank you for the active part you have played…
DetailsRussia’s output of unrefined and semi-refined or powder platinum decreased by 10% YoY and by 15.3% MoM in June, the Federal State Statistics Service said in a statement without disclosing absolute figures. Silver output fell by 17% YoY, but rose by 16.4% MoM. In January-June output of platinum grew by 1.4% YoY and of silver…
DetailsRussian steelmaker Novolipetsk Steel (NLMK) will continue exports of metal products to the E.U. as usual after the union’s introduction of temporary protective duties, a representative of the company reported. “We expect the tariff quotas to allow us to continue supplies as usual,” the NLMK representative said. The E.U. earlier introduced protective tariff quotas on…
DetailsIn January-June Kazakhmys produced 123.056 thousand tons of copper cathodes, down by 2% YoY. The copper contents in the ore dropped from 0.94% to 0.93%. In mid-term Kazakhmys intends to increase copper output to 250 thousand tons per year. (Ukrainian metal)
DetailsIn H1 Severstal e-store customers placed orders for over 1 million tons of steel products, up 2.5-fold YoY. In the whole 2017 the e-store received 1.3 million tons worth of orders. The company is developing the e-store. For example, now it is possible to order the delivery via water transport. It is planned that by…
DetailsAccording to the Association of the stele construction development (ARSS), in Q1 metal structures for construction output increased by 10% YoY. Since 2011 the growth has reached 29%. The Far Eastern Federal District demonstrated the highest growth – 2-fold. Since the beginning of the year the number of construction agreements concluded in Russia has increased…
DetailsIn June the Volgogradsky subsidiary of Severstal Steel Ropes produced 624 tons of large diameter ropes. The ropes were produced on the new machine commissioned in 2017. The machine produces 6- and 8-strand steel ropes with the diameter of 28 to 100 mm used in mines and on excavators. “The output was 2 times as…
DetailsIn April-June TMK sold 1.075 million tons of pipes, up by 10% QoQ. In H1 the combined pipe sales grew by 14% YoY, to 2.056 million tons, mostly because of the sales growth in America. TMK retains its forecast for this year unchanged and expects OCTG pipes demand in Russia to remain on the high…
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