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In 2018 Nadezhdinsky Iron and Steel Works received 1.32 billion rubles of net profit, up from 610.7 million rubles in 2017. This is also the highest result so far. At the same time, in 2016 the company received 1.2 billion rubles of net losses, in 2015 – 2 billion rubles and in 2014 – 4…
DetailsThis year Severniy Mining and Processing Works intends to buy 16 BelAZ trucks. 3 of them have already been commissioned. In one shift each dump truck will be able to transport around 800 cubic meters of rock. Until the end of the year the works will be operating 91 dump trucks. (Ukrainian metal)
DetailsIn January-March Ferrexpo produced 2.538 million tons of pellets, down by 1.8% YoY. The decrease is due to the drop of 62% iron content pellets output – to 107.5 thousand tons from 149.9 thousand tons. At the same time the manufacture of 65% iron content pellets fell by 0.2%, to 2.431 million tons. (Ukrainian metal)
DetailsIn 2018, Magnitogorsk Iron and Steel Works (MMK) contributed a total of 8.967 billion rubles to environmental causes, up by 27% YoY. Most of the investment in environmental safety went towards the construction of environmental facilities. Last year, this effort received 5.845 billion rubles. As a whole, MMK’s Environmental Program for 2018 consisted of 84…
DetailsNLMK Group has appointed Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation. The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group’s former Vice President for the Development of Information Systems,…
DetailsMagnitogorsk Iron and Steel Works (MMK) has successfully adopted a new corporate information system (CIS) based on Oracle e-Business Suite v.12 technology. The previous version of Oracle e-Business Suite (EBS) has been used by MMK since 2004. MMK’s incorporation of Oracle EBS into its corporate information system has been recognized by Oracle as the most…
DetailsVolgograd-based Severstal Steel Ropes, an affiliate of steel maker Severstal, has completed an upgrade and plans to set foot on foreign markets, CEO of parent unit Severstal-Metiz Sergei Kovryakov reported. “We can raise the volume, but the Russian market does not grow that much. We plan to set foot on other markets, the European, Asian…
DetailsTajikistan hopes to attract additional investments of $300 million in mining and metallurgical sphere. “The volume of investments in the next 5 years has to reach 2.73 billion somoni”, the government approved program of development till 2025 says. Additional investments will help local companies modernize existing capacities and commission new ones, as well as develop…
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