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Pipe Metal Company has held an annual meeting of the shareholders. According to the company statement, it was decided to distribute 2017 net profit as dividends of 2.28 rubles per ordinary share for the total amount of 2.355 billion rubles. Ernst & Young was selected as the company auditor. (Ukrainian metal)
DetailsPolymetal International plc has put into operation a gold-processing factory at the Kyzyk deposits ahead of schedule and with lower expenses. On June 25 the first gold concentrate was obtained. The construction is expected to cost $325 million, down by 3% from the originally planned amount. The first deliveries to customers will start in late…
DetailsIn January-May Ukraine exported 6.247 million tons of metal, up by 4.2% YoY. The share of semi-finished products was 42.2% (42.1% last year), while that of flat rolled metal was 34% (33.4%) and bars – 23.8% (24.5%). 83.2% of metal manufactured was exported (83.6% in January-May 2017). The main exports markets were EU (34.8%), Africa…
DetailsSo far Russian government sees no need to buy aluminum from Rusal for state money. “What need to do this, if all the export conditions have been kept until October”, industry and trade minister Denis Manturov said. According to him, “if there are some complications, we will return to this issue”. Rusal addressed the government…
DetailsPresident of Tajikistan Emomali Rakhmon has given start to the construction of the large gold-processing factory Talco Gold, 50% of shares of which are owned by China. The constriction will last for some 18 months. The enterprise will produce 1.5 tons of gold and 16 tons of antimony per year from 2020. With the commissioning…
DetailsWithin the second stage of the automate system of technical measuring of fuel and energy resources the Kirov Non-Ferrous Metals Processing Works is assembling and commissioning various electric energy and natural gas metering devices. The system will comprise 200 metering units to allow for a more detailed control and better planning of energy resources consumption.…
DetailsSeverstal has successfully mastered the manufacture of innovative cold-resistant strips of K60 class at the mill-5000 of the sheet-rolling shop at the Kolpino site. The rolled metal can be used under extremely low (up to -42 degrees C) temperatures. Such a technique has never been used in Russia before. The rolled metal was supplied to…
DetailsIn May Ukraine exported $116.088 million worth of pig iron, up by 82.7% YoY. Imports dropped by 28.1%, to $0.046 million. According to the State Fiscal Service, the main importer of pig iron in May was the US ($86.429 million). In January-May pig iron exports grew 2.1-fold YoY, to $236.9 million, while imports decreased by…
DetailsNLMK Group, a global steelmaker, participated in CWIEME Berlin 2018, the leading event for electric motor and transformer manufacturing technologies, which took place in Berlin on June 19-21. Every year CWIEME Berlin brings together over 750 exhibitors from more than 80 countries around the world, including the largest manufacturers of electric motors, transformers, generators, as…
DetailsРJSC ArcelorMittal Kriviy Rih jointly with Kriviy Rih City Employment Center have reached the agreement about providing pupils and students of the city with temporary employment during summer vacation. The purpose is to make it easier for the youth to choose the future profession and to find a job in the hometown in future. Special…
DetailsIn January-March Russia produced 1.05 million tons of steel structures, up by 10% YoY. According to the primary construction industry indexes, metal structures output totaled 470 thousand tons, up by 10.8%. Manufacture of steel structures for construction grew by 29%. The average price was 89 thousand rubles per ton, up by 1.5% QoQ and by…
DetailsIn may iron ore exports increased by 3.3% YoY, to $226.2 million. According to the State Fiscal Service, no iron ore was imported during the period. China was the largest importer of iron ore in May ($72.397 million). In January-May iron ore exports dropped by 2.4% YoY, to $1138.167 million, while imports decreased by 97.2%,…
DetailsEnergomashspetsstal has produced a batch of rolling rolls for the ArcelorMittal companies. According to the contract, signed in 2017, the customer was shipped 265 tons of rolls. In particular, for ArcelorMittal Bremen and ArcelorMittal Eisenhuttenstadt EMSS produced 117 tons of supporting rolls for cold- and hot-rolling mills. Such rolls have also been shipped to ArcelorMittal…
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