CIS Steel Industry News

Ukraine: Ferrexpo gets acting financial director
Fri, 15 Nov 2019 11:11:42 GMT
Ferrexpo mining company with assets in Ukraine has appointed Roman Polivoda the acting financial director. The appointment follows the resignation of Konstantin Zhevaho from the office of the CEO and the appointment of the financial director Chris Mawe instead. Polivoda, a citizen of Ukraine, joined Ferrexpo in 2008 as an accountant. Because of the


Ukraine: EMSS gets new Thyssenkrupp Steel Europe order
Fri, 08 Nov 2019 11:10:28 GMT
Energomashspetsstal has received a new order from Thyssenkrupp Steel Europe. The German company has ordered two supporting rolls for the hot-rolling mill-1800. According to the contract the rolls have to be delivered in Q1 2020. Their combined weight is 70.93 tons. (Ukrainian


Russia: Metalloinvest output down in January-September 2019
Thu, 07 Nov 2019 10:53:11 GMT
In January-September Metalloinvest produced 3.628 million tons of steel, down by 2.7% YoY. The decrease is explained with the capital repairs of the continuous casting machines Nos. 1 and 2 at Ural Stal and the trial operation of the flexible module furnace. Sales dropped by 1.1%, to 3.407 million tons. Semi-finished products accounted for


The first coil: 1700 hot strip mill has been commissioned after ...
Tue, 05 Nov 2019 14:04:20 GMT
Metinvest Group launches 1700 Mill (1700 HSM) in Mariupol at Ilyich Iron and Steel Works (Ilyich Steel) following its reconstruction. The launch event was attended by representatives of the countries consuming hot rolled coils. Virtually the whole mill was upgraded in the course of the revamp: equipment and technology were supplied by Primetals Technologies Austria. Metinvest Group invested USD 110 million in the


Metinvest prepays part of PXF facility
Thu, 31 Oct 2019 17:29:39 GMT
Metinvest, the international vertically integrated group of steel and mining companies (jointly referred to as Metinvest or the Group), has repaid US$75 million of its pre-export finance (PXF) facility ahead of schedule. Following this repayment, the remainder due under the PXF facility is US$406


Trumps steel tariffs were supposed to save the industry. They ...
Tue, 29 Oct 2019 18:07:00 GMT
Like NLMK, California Steel Industries is a re-roller. The Fontana operation, which employs about 930 workers, buys most of its steel slab from Brazil. Marcelo Botelho Rodrigues, California Steels


MMK presents its best practices to colleagues
Thu, 24 Oct 2019 00:00:00 GMT
Today at the headquarters of Magnitogorsk Iron and Steel Works (MMK), the Magnitogorsk section of the conference Best Available Technology in Blast Furnace Production will take


MMK participates in innovation forum at Skolkovo
Wed, 23 Oct 2019 00:00:00 GMT
MMK-Informservice (part of Magnitogorsk Iron and Steel Works Group) is presenting its developments in electronic document management and programmed RPA robots at the Open Innovations 2019


Russia: Metalloinvest to return 10 billion rubles in advance
Mon, 21 Oct 2019 09:49:23 GMT
Metalloinvest will redeem its BO-01 bonds with the volume of 10 billion rubles earlier than necessary. The redemption will take place on October 29. The company issued bonds in November 2015 with the interest rate of 11.85% and the maturity rate of 10 years. (Ukrainian


Russia: Severstal BoD recommends paying dividends
Fri, 18 Oct 2019 09:58:49 GMT
Severstal Board of Directors has recommended paying dividends for Q3 in the amount of 27.47 rubles per share. The decision will be taken at the extraordinary shareholders' meeting scheduled for November 22. If the meeting approves of the decision, the date of creation of the list of shareholders liable for dividends will be December


Ukraine: CGOK output up in January-September 2019
Thu, 17 Oct 2019 09:51:17 GMT
In January-September Central Mining and Processing Works increased pellets output by 0.1% YoY, to 1.78 million tons. Iron ore concentrate manufacture grew by 1.8%, to 3.26 million tons. In September CGOK produced 209 thousand tons of pellets and 390 thousand tons of concentrate. (Ukrainian


Russia: Belaya Kalitva Works sales up in January-August 2019
Thu, 17 Oct 2019 09:50:17 GMT
Belaya Kalitva Iron and Steel Works has turned 65 years old. In January-August the company increased sales by 116% and output by 120% YoY. The company capacity is around 180 thousand tons of aluminum semi-finished products. (Ukrainian


Ukraine: InGOK output up in January-September 2019
Thu, 17 Oct 2019 09:48:21 GMT
In January-September Ingulets Mining and Processing Works produced 8.4 million tons of iron ore concentrate, up by 0.9% YoY. In September output totaled 918 thousand tons. This year InGOK intends to produce 10.8 million tons of concentrate, down from 10.9 million tons last year. (Ukrainian


TMK Announces 3Q 2019 Operational Results
Wed, 16 Oct 2019 00:00:00 GMT
TMK, one of the worlds leading producers of tubular products for the oil and gas industry, announces its operational


NLMK supplies trial batch of pre-painted steel for LG household ...
Wed, 16 Oct 2019 00:00:00 GMT
NLMK Lipetsk, the flagship site of NLMK Group, has supplied a trial batch of pre-painted steel with improved coating quality to leading white goods manufacturer LG Electronics plant in Russia. NLMK steel will be used to make washing machine bodies. The trial batch has been successfully tested at LG Electronics RUS plant in the Moscow Region. A multi-stage quality assessment confirmed that the properties of steel and the quality of the coating as in line with LG Electronics RUS standards.


Metalloinvest announces first ECA backed financing deal under ...
Wed, 16 Oct 2019 00:00:00 GMT
Metalloinvest (the Company), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces the signing of an agreement with MUFG for ECA backed financing in the amount of EUR 9.9 mn. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by INTECO melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export


Russia: Balakovo repairing mill-350/200
Tue, 15 Oct 2019 09:52:22 GMT
Balakovo Iron and Steel Works has started a scheduled capital repair of its mill-350/200. The lining of the heating furnace will be replaced. The repair will last for 4 weeks. The company will limit taking orders for November. (Ukrainian


NLMK and partner to invest Eur200 million in NBH assets
Fri, 11 Oct 2019 00:00:00 GMT
Russian mining and steel company NLMK and Belgian investment fund SOGEPA have agreed to invest Eur100 million each in developing and modernizing NLMK Belgium Holdings (NBH), NLMK said Thursday. The agreement also provides SOGEPA (Societe wallonne de Gestion et de Participations S.A.) with an option to sell 24% shares in the jointly owned group


Turkey nearly exhausts EU rebar quota
Thu, 10 Oct 2019 00:00:00 GMT
Turkey has almost exhausted its rebar quota into the EU after 1,410t cleared customs in the past 24 hours, leaving only 79t of its allowance remaining. CIS countries are also reaching critical stages in rebar exports to the EU. Ukraine has only 45,251t remaining, with 336t awaiting allocation only 28pc of its original


New transaction services made available for MMK shareholders
Thu, 10 Oct 2019 00:00:00 GMT
The Registrar of PJSC Magnitogorsk Iron and Steel Works (MMK) STATUS has implemented a new service for the convenience of shareholders: it is now possible to carry out operations in the MMK shareholders registry through a Sberbank ID in the shareholder's personal account without leaving


Number of news reports: 20