News. Russian ferrous metallurgy news. May

TMK takes part in the 2018 International Offshore Technology Conference

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has taken part in the 2018 International Offshore Technology Conference (OTC), Houston, USA. At the event, TMK showcased its full range of TMK UP premium threaded connections used in oil and gas wells operating in adverse conditions, including offshore projects, and directional and horizontal drilling. Using an interactive display TMK introduced visitors to its latest technologies, and the entire range ...
05 November 2018., 16:04   comment

Expert RA assigned IMH the ruBBB+ credit rating

RAEX rating agency (Expert RA) has assigned IMH credit rating ruBBB+ with a stable outlook. RAEX in its report notes the Company’s high liquidity level and diversification of sales by geography and customers. The Agency outlines the Company's strong positions on the pig iron and metallurgical coke markets –key sales areas of the group. In addition, the Agency’s report notes that the policy of one of the largest consumers of merchant pig iron – the USA – stimulates growth of pig iron prices, ...
05 November 2018., 16:01   comment

Metalloinvest announces operational results for Q1 2018

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 first quarter of 2018. Management comments Andrey Varichev, CEO of Management Company Metalloinvest, commented: "In the first quarter of 2018, Metalloinvest continued the successful implementation of its strategy to increase volumes of value-added products, raising production of pellets, HBI, hot metal and steel. ...
05 April 2018., 15:17   comment

TMK Announces Board Of Directors Decidsions

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that the Board of Directors at its meeting on April 26, 2018 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21, 2018. The record date for the list of shareholders eligible to participate in the AGM is May 28, 2018. TMK's Board of Directors recommended the AGM to approve annual dividends for the full year 2017 of RUB 2.28 per share, amounting to a total of RUB 2,355,548,634.48 ...
05 April 2018., 14:51   comment

MMK invests over RUB 4 bln in environmental programmes in 2017

In 2017, Magnitogorsk Iron and Steel Works invested 4,157.8 million rubles in environmental initiatives. From 2018 to 2025, the Company plans to spend more than 38 billion rubles on environmental protection. In 2017, 2,578 million rubles were invested in the construction and reconstruction of facilities aimed at improving air quality. As a result of the implementation of 31 environmental initiatives, air pollutant emissions were cut by 2,536 tonnes per year. The key projects of the past year ...
05 April 2018., 14:48   comment