Ukraine: Vesco and Druzhkivka Mine Administration to pay over UAH 1 billion in dividends

PJSC Vesco and PJSC Druzhkivka Mine Administration (Druzhkivka, Donetsk region) will pay UAH 795.6 million and UAH 204.8 million of dividends to shareholders in the period from December 22, 2017 to June 21, 2018. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the shareholders made…

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Russia: KraMZ puts new aluminum processing technique to good use

In December Krasnoyarsk Iron and Steel Works has implemented an innovative technique of aluminum processing Bonderite-2040, developed by Henkel. So far, KraMZ is the first and only plant in Russia to use this technique. The new technique is more environment-friendly: water consumption has decreased by 70% and the water purification has improved. (Ukrainian metal)

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Russia: steel continues growing in price

Russian steel manufacturers have started increasing prices for local customers because of the ongoing growth of export prices. Thus, NLMK has increased its January 2018 prices for hot- and cold-rolled metal by 10%, and Severstal – by 4%. Steel started getting expensive in December. In just one week (December 15-22) average local prices have grown…

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Russia: PNTZ gets 10-year bank guarantee

Chelyabinsk Pipe Works has become a guarantor on the bank guarantee granted to Pervouralsk Pipe Works. The guarantee was granted by Bank Uralsib. The agreement was concluded on December 22. According to the document, the guarantor will be responsible to the bank together with the borrower. The volume of the guarantee is 1.58 billion rubles.…

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