Metalloinvest

Metalloinvest and ChTPZ Group discuss possibility to increase steel supply from Oskol electrometallurgical combine for pipes manufacture

Metalloinvest and ChTPZ Group have held a regular coordinating meeting. The meeting was held at the Oskol electrometallurgical plant (OEMK, part of Metalloinvest).

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Metalloinvest partially refinances its loan portfolio on account of new credit line from Gazprombank

Metalloinvest has reported about partial refinancing of its loan portfolio at the expense of funds raised in accordance with the new loan agreement with Gazprombank.

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Fitch confirms ratings at the level of BB, outlook changed to "positive"

The international rating agency Fitch has confirmed long-term issuer default ratings (IDR) in foreign and national currency of Metalloinvest at the level of BB.

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In H1, net profit of Metalloinvest grew by 48.7%

In the first six months of the year, the Metalloinvest's net profit made up $870 million, which is by 48.7% higher than in the same period of the previous year, as it follows from the company&#

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In Q2 2018, Metalloinvest increased output of steel, pellets and iron ore

In the second quarter of 2018, Metalloinvest produced 10.1 million tons of iron ore, increased the output by 2.3% mainly due to increased productivity and calendar time, as it follows from the comp

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Metalloinvest and ChTPZ Group to create joint center for development of innovative steel grades for LDP

Metalloinvest and the ChTPZ Group agreed to establish a joint scientific and engineering center.

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Metalloinvest launches heat treatment complex for processing of rolled metal at Ural Steel

Metalloinvest has launched the complex "Roller heat treatment furnace No. 1 - roller hardening machine No. 1" at Ural Steel.

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Ural Steel to install new electric arc furnaces

The metallurgical plant Ural Steel (enterprise of Metalloinvest) will update the equipment in the electric steelmaking shop. Within the framework of the modernization project, the the electric steelmaking shop will receive two new electric arc furnaces made by Tenova (Italy).
The amount of investment in the project is about 2 billion rubles. The start-up of furnaces is planned for the first and third quarters of 2019, respectively.
"The project for the modernization of the the electric steelmaking shop is implemented within the framework of a comprehensive investment program for the reorganization of the steel plant's production. ... The furnaces will be transferred to the FMF technology (Flexible Modular Furnace), which will provide flexibility when using various components of the charge (liquid and pig iron, HBI, scrap) with the possibility of increasing the share of liquid iron in the charge to 85%. The FMF technology allows to reduce to zero consumption of the electrodes and electric energy when operating with 85% of liquid iron in the charge. Application of the newest technology FMF will ensure a reduction in the cost of production of steel and increase the efficiency of the activities of Ural Steel. Upgrade of the the electric steelmaking shop will also reduce the technogenic impact of production on the environment," the press release said.

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In Q1, 2018, Metalloinvest increased its net profit

In the first quarter, the net profit of Metalloinvest amounted to $416 million (+6.4% compared to the first quarter of 2017), as it follows from the company's report on financial results under

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Metalloinvest signs new credit agreement

Metalloinvest has announced signing of a long-term loan agreement with CREDIT AGRICOLE CIB under the guarantee of the export credit agency Euler Hermes Aktiengesellschaft (Germany).

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