Steel

TMK sells its assets in USA

Pipe metallurgical company (TMK) of Dmitry Pumpyansky has sold its American division IPSCO to manufacturer of seamless and welded pipes Tenaris for $1.209 billion.

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ArcelorMittal Krivoy Rog’s net profit exceeded 9.5 bln hryvnias

In 2018, ArcelorMittal Krivoy Rog, the largest mining and metallurgical enterprise in the Ukraine, made the net profit in the amount of $350 million (9.51 billion hryvnias).

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In 2018, Mechel reduced coal mining by 9%

In 2018, Mechel reduced coal production by 9% to 18.813 million tons. Thus, in the fourth quarter of 2018, the coal production again decreased by 9% to 4.341 million tons, the company reported.

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Mechel’s annual profit grows by 9%

Last year, the Mechel’s profit attributable to shareholders under IAS amounted to 12.63 billion rubles, increased in annual terms by 9%, the company reports.

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Zagorsky pipe plant increases production volume

The company has summed up results of its work in 2018 and outlined development plans for 2019.

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Severstal considers Ukrainian sanctions illegal

New restriction provides for blocking the assets of the companyю

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Krasny Oktyabr starts production of round rolled stock from EP 54 steel

The Volgograd Metallurgical Plant Krasny Oktyabr has started production of long products from high-alloyed stainless steel EP 54 (08Kh21N6M2T).

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Chelyabinsk Metallurgical Plant reduces industrial discharges

The Chelyabinsk Metallurgical Plant (ChMK, part of Mechel) implemented an environmental project.

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Russian metallurgical plants increase production of rolled metal by 3.9%

In January-February 2019, index of industrial production in Russia amounted to 102.6% compared to the same period of 2018.

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