The board of directors of Chelyabinsk Pipe Plant, or ChelPipe, has approved a new dividend policy, which envisages payments at least twice a year, tied to the net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio as a balancing mechanism for financial sustainability. The company will pay dividends of no less than…
DetailsThe general meetings of the shareholders of Marganets Mining and Processing Works, Pokrovsky Mining and Processing Works, Nikopol Feroalloys Plant and Zaporzhye Ferro Alloy Plant were not held. It was supposed to settle the issue of dividends for 2018 at the meetings. MGOK intended to spend 95% of its net profit for 2018 (UAH 163.19…
DetailsIn January Ukraine decreased steel output by 2.7% YoY, to 1.8 million tons. Pig iron manufacture dropped by 5.1%, to 1.7 million tons. At the same time, Ukraine increased rolled metal production by 4%, to 1.63 million tons. (Ukrainian metal)
DetailsIn 2019 Bratsk Ferroalloys Works sold 30 thousand tons of ferrosilicon FS75, up by 57% YoY. The ferroalloy was mostly supplied to customers from the Asian-Pacific Region, where it was used to produce high-strength steel. “The sales growth is due to a large demand on the market,” the company noted. (Ukrainian metal)
DetailsIn 2019 Chelyabinsk Iron and Steel Works increased rails and beams sales by 10% YoY, to 587 thousand tons. Rails, mostly with the length of 100 meters, accounted for 280 thousand tons, up by 35 thousand tons. RZD was the main customer, having purchased enough rails to construct over 2 thousand km of railroad. ChMK…
DetailsIn November 2019 the exports of nickel long rolled products totaled 16.4 tons, down by 60% MoM and by 50% YoY. Deliveries to Latvia decreased by 52%, to 4.7 tons, and to Ukraine from 9.7 tons to 8.6 tons. In October 2019 India imported 12.5 tons of nickel, but did not buy it in November…
DetailsIn 2019 Russky Ugol supplied 1.1 million tons of coal from Krasnoyarsk region to Russian and foreign customers, up by 10% YoY. This coal is extracted at the Sayano-Partizansky Pit with the reserves of 1.5 billion tons. The pit was commissioned in 1991. (Ukrainian metal)
DetailsIn January RZD transported 100.2 million tons of cargo, down by 4.9% YoY. In particular, 10.1 million tons of iron and manganese ore were transported, up by 2%. Transportation of ferrous metals decreased by 2.2%, to 6.4 million tons, while of scrap grew by 12.6%, to 0.663 million tons. Last year ferrous metals transportation totaled…
DetailsMagnitogorsk Iron and Steel Works (MMK) shipped 1.286 million tons of galvanized steel in 2019, the highest figure in the company’s history. 2019 was the second year in a row that MMK broke its own record. In 2018, the company shipped 1.269 million tons of galvanized steel, which at the time was also a record…
DetailsRussian aluminum producer RUSAL has suspended the works in Guyana due to unrest in the country. “As a result of serious illegitimate actions that have gone beyond the control of government and enforcement agencies, including arson of the electricity pylon basement and other corporate property, and blocking of the river, RUSAL considers it prudent to…
DetailsZhambyl region governor Askar Myrzakhmetov has met with Aurum Deutschland AG representatives. The company is constructing a large mining and processing works in the region. The idea goes back to 2012, when the then-president Nursultan Nazarbayev invited German investors to develop projects in Kazakhstan. In 2016 an agreement was signed with Aurum Deutschland AG. The…
DetailsIn November 2019 Russia exported 1.8 thousand tons of raw chrome, up by 2% MoM and by 17% YoY. Deliveries to US grew from 348 tons to 504 tons, while to the Netherlands dropped by 2%, to 1.2 thousand tons. In 11 months of 2019 exports totaled 17.6 thousand tons, up by 1% YoY. In…
Details