News. Russian ferrous metallurgy news. February

TMK Paid Off Eurobonds In The Amount Of US$231 Million

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January 2018 (ISIN: XS0585211591) in the total nominal value of US$ 231 million on January 29, 2018. The US$500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK Capital SA on January 27, 2011 to finance a loan to PAO TMK. Part of the issue in the amount of US$269 million was repurchased earlier under ...
02 February 2018., 14:56   comment

Metalloinvest announces Operational Results for Q4 2017 and FY 2017

Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, today announces its operational results for the fourth quarter and full year 2017. Iron ore products In Q4 2017, Metalloinvest produced 10.1 mn tonnes of iron ore. In FY 2017, output amounted to 40.3 mn tonnes, a decrease of 1.0% y-o-y, mainly due to a change in the ore mixture In Q4 2017, pellet production amounted to 6.5 mn tonnes. In FY 2017, the Company ...
02 February 2018., 14:51   comment

Severstal announces 2018 capital investment programme

PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2018. Severstal plans to invest approximately 49.5 billion rubles in 2018, focusing on the key areas of the Company’s strategy. This investment will primarily be aimed at further reduction of costs, increasing the production of high-value added products and further improving customer care. As previously announced, ...
02 February 2018., 14:49   comment