News. Russian ferrous metallurgy news. December

Metalloinvest and OMK summed up their cooperation results for 2017

Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov, the director of engineering and technical center of JSC Vyksa Steel Works (VSW), Ivan Monakhov, OMK’s chief analyst, and other ...
25 December 2017., 15:03   comment

Mechel Reports Izhstal Getting Export Loan from Eximbank of Russia

Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank (joint-stock company) (Eximbank of Russia) (part of the Russian Export Center) signed a loan agreement for financing high-technology product manufacturing for export contracts. Eximbank of Russia AO opened a credit line totaling 3.35 billion rubles for 2.5 years. Financing was made available in the framework of a ...
25 December 2017., 15:01   comment

MMK recognised by The Ministry of Natural Resources and the Environment for its active environmental policy

Magnitogorsk Iron and Steel Works was awarded by Russia’s Ministry of Natural Resources and the Environment for its active environmental protection policy. Government experts awarded MMK top marks for its large scale environmental projects this year. The awards ceremony took place on the 12th December at the Ministry’s Federal Environmental Council in Moscow. MMK’s Director of Occupational Health and Safety and Environmental Protection, Grigory Schurov, received a certificate entitled “Active ...
25 December 2017., 14:59   comment

Alexey Mordashov, Chairman of the Board of Directors, visited the Yakovlevsky mine and granted approval for the development plan of the plant

Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal” and the Company’s leadership team visited production departments of the Yakovlevsky mine, and approved next year’s business plan , while meeting employees of the plant. The Chairman and leadership team visited the central control room from where the production management islocated, as well as the new main ventilation system, the headframe No. 1 and the crushing and sizing plant. The business plan of the plant includes ...
25 December 2017., 14:56   comment

NLMK shareholders approve 3Q 2017 dividends and adopt revised versions of statutory documents

At the Extraordinary General Shareholder Meeting (EGM) held on 22nd December, NLMK shareholders approved payment of 3Q’17 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to 3Q’17 dividends will be determined was set as 9th January 2018. 9M’17 dividends will amount to RUB 10.68 per share. At the meeting, the Group’s shareholders also adopted revised versions of the Company’s statutory documents, namely the NLMK Charter, Regulations on the General Shareholders’ Meeting ...
25 December 2017., 14:53   comment