CIS Steel Industry News

NLMK Group localizes Steeluniversity for Russia
Fri, 15 Mar 2019 00:00:00 GMT
NLMK Group is pleased to announce the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel Institute


MMK increases energy efficiency of its production
Wed, 06 Mar 2019 00:00:00 GMT
Magnitogorsk Iron and Steel Works (MMK) invested around RUB 500 mln into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in


NLMK Group announces new strategy and new dividend policy
Mon, 04 Mar 2019 00:00:00 GMT
NLMK Group (LSE: NLMK), a global steel company with operations in Russia, the USA, and the EU, is pleased to announce the launch of its new Strategy 2022 and changes to its dividend


NLMK Board of Directors sets date for AGM
Mon, 04 Mar 2019 00:00:00 GMT
At a meeting held on 1 March 2019, the Board of Directors of NLMK Group (LSE: NLMK), a global steel company with operations in Russia, the USA, and the EU, resolved to convene NLMKs Annual General Shareholders Meeting (AGM) on 19 April


Ukrainian President takes part in the inauguration of continuous ...
Fri, 01 Mar 2019 19:39:27 GMT
Ukrainian President Petro Poroshenko took part in the inauguration of continuous casting machine no. 4 at Ilyich Steel, a unique project for Ukraine, in which Metinvest invested some US$150


Russia: Russkiy Chrome 1915 fined for 13.8 million rubles
Thu, 21 Feb 2019 10:55:05 GMT
The Arbitrary court of the Sverdlovsk region has ordered Russkiy Chrome 1915 to pay 13.8 million rubles for the damage done to the environment. The fine was imposed in 2017. The defendant asked to decrease the fine, as it had partially paid it. But the court ruled fr the complete Russkiy Chrome payment. (Ukrainian


MMK Group increases spending on social programmes to RUB 2.5 ...
Thu, 21 Feb 2019 00:00:00 GMT
In 2018, MMK Group's financial contributions to charitable causes and new social programmes increased by 11% compared to the previous year, reaching nearly RUB 2.5


MMK increases metal shipments to TMK by 10% in 2018
Tue, 19 Feb 2019 00:00:00 GMT
The meeting of the coordinating council of Magnitogorsk Iron and Steel Works (MMK) and TMK was held in Magnitogorsk. The representatives of both companies reviewed their joint work in 2018 and discussed future


MMK Board of Directors Recommends Dividends For Q4 2018
Fri, 15 Feb 2019 00:00:00 GMT
PJSC Magnitogorsk Iron & Steel Works (MMK or the Company, ticker: MMK:LI) announces that on 8 February 2019 the Companys Board of Directors recommended that the Annual General Meeting of shareholders approve a dividend of RUB 1.398 (before taxes) per share for the fourth quarter of 2018 on MMKs issued ordinary registered shares. The dividend will represent the total of approximately USD 239 mln at the current exchange rate, which equals to 100% of the Companys FCF for Q4 2018. As


Moodys upgrades NLMK Groups long-term credit rating
Wed, 13 Feb 2019 00:00:00 GMT
International rating agency Moodys has upgraded NLMK Groups long-term credit rating from Baa3 to a2 with a stable outlook (both are investment


EU accelerates anti-dumping legislation for welded tube
Wed, 13 Feb 2019 00:00:00 GMT
No imports of welded tube nor hollow sections arrived at European ports in January. This may be the consequence of the new European Union (EU) anti-dumping investigation into imports of hollow sections, welded tubes and pipes from Russia, Turkey and former Yugoslavian Republic of Macedonia. Material may still be imported in February and in


Moodys Upgrades MMK to 'Baa2'; Outlook Stable
Wed, 13 Feb 2019 00:00:00 GMT
In 2018, the total financial benefit of the introduction of innovation suggestions at the Magnitogorsk Iron and Steel Works (MMK) amounted to RUB 453.6


MMK shares its experience of electronic trading platform
Tue, 12 Feb 2019 00:00:00 GMT
The Oracle Modern Business Forum 2019 on management strategies and business services was held in Moscow on 7 February. During the forum, Magnitogorsk Iron and Steel Works (MMK) presented its experience of using an electronic trading platform based on the Oracle Sourcing


Russia: Stoylensky GOK output up in 2018
Mon, 11 Feb 2019 10:57:39 GMT
In 2018 Stoylensky Mining and Processing Works increased concentrate output by 8% YoY, to 17.4 million tons, having become the second largest producer in Russia. Sinter ore manufacture totaled 1.5 million tons. Pellets output was 6.7 million tons, up by 12%. (Ukrainian


Severstal Distribution supplies boiler grade steel to Viessmann ...
Thu, 07 Feb 2019 00:00:00 GMT
In 2018 AO Severstal Distribution (member of the distribution network of Severstal Russian Steel division) delivered over 500 tons of hot rolled boiler grade steel to Viessmann Lipetsk. Such steel is intended for manufacture of low pressure gas-fired water boilers to be used for public utility services and industrial


MMK shipments to automotive industry reach record highs
Wed, 06 Feb 2019 00:00:00 GMT
In 2018, the supply of metal products from Magnitogorsk Iron and Steel Works (MMK) to the automotive industry amounted to almost 550,000 tonnes, representing a new record for the


Russia: Severstal BD recommends paying dividends for Q4 2018
Tue, 05 Feb 2019 10:49:07 GMT
The Severstal board of directors has recommended paying dividends for Q4 2018 in the amount of 32.08 rubles per share. The decision to pay dividends is expected to be taken at the shareholders meeting on June 7. The day recommended for the creation of the list of shareholders to receive dividends is June 18.


Russia: CherMK sets new converter steel output record
Wed, 23 Jan 2019 10:38:53 GMT
In 2018 Cherepovets Iron and Steel Works produced 9.9 million tons of converter steel. This year output is expected to further grow due to the modernization of the converter No. 3 in November 2018. In 2019 two more converters will be modernized. (Ukrainian


Russia: ChEMK fined for environment violations
Thu, 17 Jan 2019 10:59:04 GMT
The prosecutors of the Yamalo-Nenets Autonomous District have checked the compliance with the environment legislation by Chelyabinsk Electrometallurgical Works. As a result, multiple violations have been found. In particular, ChEMK pollutes the Makar-Ruz and Yengai rivers, stores wastes, and violates fire and industrial safety. The company has been fined for 1.5 million rubles. (Ukrainian metal)


Russia: UEM commissions new crane
Tue, 15 Jan 2019 10:50:21 GMT
Uralelectromed has put into operation a new stationary crane manipulator produced by Velmash. In just a week the machine has already processed over 200 tons of non-ferrous scrap. The new hydraulic manipulator has replaced an outdated one. The investments in the machine totaled 2.2 million rubles. (Ukrainian metal)


Number of news reports: 20