Azovstal Iron and Steel Works, a part of Metinvest, is forced to shut down its converter No. 2 from June 26 for essential repairs. The company has to make this move under pressure form environment activists, who claim the converter is seriously damaging the city of Mariupol air. At present Azovstal converters make 22 steel…
Azovstal Iron and Steel Works has announced the price at which its shares will be bought under the squeeze-out procedure. According to the company statement, the price of each Azovstal share with the value of 0.25 UAH was set at 0.564 UAH. The price was determined by the company supervisory board. Metinvest owns 94.74401% in…
Novokramatorsk Machine-Building Works has started shipping converter body with a seating ring and the mounting system to Azovstal Iron and Steel Works. The converter will be used to modernized machinery in the oxygen-converter shop. “It took us over a year to produce and start shipping the machinery weighing around 1 thousand tons”, NKMZ said. This…
In January-February Azovstal Iron and Steel Works produced 602 thousand tons of rolled metal, up by 2.2% YoY. According to the company press-service, steel output dropped by 9.5%, to 631 thousand tons, while that of pig iron grew by 1.9%, to 629 thousand tons. In February Azovstal produced 265 thousand tons of rolled metal, 279…
Metinvest has increased its share in Azovstal Iron and Steel Works from 96.22373% to 96.74396%. In particular, the share of Metinvest B. V. grew from 74.66433% to 75.18456% following acquisition on the secondary market. As of Q3 2017, Metinvest International S. A. owned 21.5594% of Azovstal shares. The statutory capital of Azovstal is 1.972 billion…
In January-November Azovstal Iron and Steel Works produced 3.499 million tons of rolled metal, up by 13.2% YoY. According to the company statement, steel output grew by 15.3%, to 3.946 million tons, while that of pig iron – by 18.1%, to 3.466 million tons. In November Azovstal produced 354 thousand tons of rolled metal, 378…
ASRZ LLC is modernizing electric filters of the gas-purifying machine at converters Nos. 1 and 2 of Azovstal Iron and Steel Works. The company produces metal structures, while Dneproenergostal supplies electric equipment. “To create parts and joints of the future filter body ASRZ has developed designs using 3D-models of the whole unit. 3D-modelling helps avoid…
Azovstal has presented a project to reconstruct the blast furnace No. 3 to decrease pollution by 80%. The blast furnace will be completely reconstructed to allow it operating on the pulverized coal fuel. Thus the company will save gas and decrease environment pollution. The investments in the project will total 2 billion UAH. (Ukrainian metal)