The European Commission intends to impose a fixed tariff for the import of hot-rolled coils from Ukraine, Brazil, Iran and Russia and will not calculate the minimal import price. When the fixed duty, not dependent on current prices, is imposed, European manufacturers will be better protected than by the minimal import price or antidumping duty.…Details
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In September Yuzhniy Mining and Processing Works produced 1.002 million tons of concentrate, up by 0.5% YoY. According to the company statement, sinter output went up by 7.5%, to 182.1 thousand tons. In January-September UGOK increased concentrate output by 11.6% YoY, to 9.17 million tons. At the same time sinter manufacture dropped by 7.8%, to…Details
On September 29 MMK hosted an extraordinary meeting of its shareholders. By the majority of votes it was decided to pay dividends for the first half year in the amount of 0.869 rubles per ordinary share (some $164 million). This equals to 75% of the free fund flow of the company in H1, which exceeds…Details
Kirov Non-Ferrous Metals Processing Works has fulfilled the order to produce MH25 rolled belt for minting coins of 25 rubles each dedicated to the World Cup 2018. The first batch of 277 tons was supplied in 2016. In February-August the works produced 556.6 tons of German silver belt more. In 2011-2014 KZOTsM produced coin belts…Details
In January-September Ukraine produced 26.15 million tons of coal, down by 11.5% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 22.9%, to 5.049 million tons, power-generating coal – by 8.3%, to 21.1 million tons. In September coal output totaled 2.544 million tons, down by 27.6% YoY. Coal enterprises…Details
In January-September Evraz Dneprovsky Iron and Steel Works produced 548 thousand tons of rolled metal, down by 21% YoY. Steel output dropped by 19.7%, to 663 thousand tons, and that of pig iron – by 6%, to 767 thousand tons. In September Evraz DMZ produced 71 thousand tons of rolled metal, 88 thousand tons of…Details
Sberbank Leasing has given a 43 million rubles loan to Pskovvtormet. The money will be spent to purchase specialized KamAZ machines. Pskovvtormet is the largest ferrous and non-ferrous scrap procuring, processing and selling company in the region. It was founded in 1993. The company operates in St. Petersburg, Novgorod, as well as Pskov, Leningrad and…Details
Tyumenremdormash will open two new shops in 2018 – to produce construction sections and pipes. “In the shortest possible term we will carry out a project to produce construction sections and pipes, as we will construct two shops”, the company CEO Alexei Ragozin said. “Investments will total 600 million rubles, and 80 jobs will be…Details
MMK has finished certification of its rebars by the BelStandartCentr. This certification center carries out independent estimation of manufacture and product quality correspondence to Belarus standards and norms. As the result of the certification BelStandartCentr has confirmed the correspondence of MMK rebars to the TP 2009/13/BY “Buildings and structures, construction materials and wares. Safety”, as…Details
The shareholders of Norilsk Nickel have approved paying 224.2 rubles per share, or a total of 35.479 billion rubles in dividends for January-June, the company said in a statement on October 2. The record date for the dividends is October 19. In 2016, the company paid no dividends for January-June, but paid 444.25 rubles per…Details
In 2018 Polyus intends to increase gold output to 2.35-2.4 million ounces (73.1-74.6 tons) against 2.075-2.125 million ounces this year. The company long-term plan presupposes reaching 2.8 million ounces (87.1 tons) in 2019. Earlier the company planned to obtain 2.7 million ounces of gold by 2020. One of the growth drivers will be the Natalka…Details
By 2030 Metinvest plans to have invested $8.8 billion into modernization of its capacities. “Some $5.7 billion will be invested into metal assets, and $3.1 billion – into mining. This will be the metallurgy combined with IT, the so-called Industry 4.0”, the group marketing director Roman Kurashev said. As an example he named the modernization…Details
The Federal Antimonopoly Service has satisfied the claim of Seversk Pipe Works to buy 100% of Uralchermet shares. According to the service report, the deal will not limit the competitiveness. The charter capital of Uralchermet is 10 million rubles. In 2016 the company received 859.5 million rubles of revenue, with net profits at 27.9 million…Details