Severstal and Evraz Inprom are launching a technical platform of joint sales at the market.severstal.com under a pilot project. The goal of the joint project is to expand the geography of sales in Russia by using the warehouse infrastructure of partners. Now any client of the company can buy hot-rolled sheet from the warehouse in…
Since the start of the year the Alardinskaya mine of Evraz has extracted 1 million tons of coking coal. The miners were developing the long face No. 6-1-20, put into operation in March. Earlier the mines Uskovskaya and Yerunakovskaya-VIII have exceeded the 1-million tons output mark. (Ukrainian metal)
Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…
Evraz has presented new solution for bridges made of rolled metal at the International exhibition Metal Structures’2019. Yevgeniy Samarin, manager of the market demand development department, has spoken of the flanged beams for the small bridge structures with the length of up to 25 meters. According to him, the advantage of using these beams in…
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest 6.4 billion rubles in the first stage of the development of the Kachkanar-proper titanium magnetite vanadium-containing ore deposit in the Sverdlovsk region, the company said in a statement on May 27. Commercial ore production is expected to begin in the first quarter of…
In January-March, consolidated steel output by Evraz enterprises grew by 12.4% QoQ, to 3.5 million tons. The increase has to do with the growth of pig iron output following the capital repairs of the blast furnace No. 3 at Evraz ZSMK last year. Steel sales increased by 8.4%, with semi-finished products sales up by 29%.…
Russian investors have bought 30% of the new Evraz eurobonds. Evraz has placed 5-year eurobonds in the volume of $700 million and with the interest rate of 5.25%. J.P. Morgan, BofA Merrill Lynch, Gazprombank, ING and Sberbank KIB acted as organizers of the issue. British investors bought 23% of the bonds, continental European investors –…
The Urals enterprises of Evraz in 2018 improved the working conditions of 4 thousand metallurgists and miners. The group spent over 900 million rubles on the labor and industrial safety programs. Some enterprises replaced lighting in warehouses and railroad sites. Others provided their employees with personal protection means. (Ukrainian metal)