Steel

CherMK modernizes cross cutting unit №4

The active phase of the reconstruction of the cross-cutting unit No. 4 began

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TMK concludes direct contract on pipes supply for 21 bln rubles with Gazprom

Pipe metallurgical company (TMK) has signed a direct contract with Gazprom Komplektatsiya for supply of large diameter pipes for almost 21.5 billion rubles, such data are reflected in the public pr

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Damage from the explosion at ArcelorMittal Temirtau still not established

As a result of the explosion on the evening of November 10th, the largest metallurgical enterprise in Kazakhstan, ArcelorMittal Temirtau, practically stopped production.

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In the first 9 months, import of steel pipes in Russia fell by 29.8%

During January-September 2018, share of metals and their products in the commodity structure of imports amounted to 7.3% (in January-September 2017 – 7%).

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Severstal expects growth in steel demand by 1.5% in 2019

According to forecast of metallurgical company Severstal, the global demand for rolled steel during the current year will make up 1.643 billion tons.

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Severstal plans to allocate $2 bln for payment of dividends

Severstal will allocate $2 billion for payment of dividends, said finance director of the company Alexei Kulichenko.

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Severstal activates investments, but promises to save high dividends

By 2023, Severstal of Alexei Mordashov will invest about $2.5 billion in its raw materials and steel assets, significantly increasing capital expenditures in 2019-2022.

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Korolev pipe plant expands range of pipes

The Korolev Pipe Plant KTZ expanded the range of products: a round electric welded pipe with a diameter of 219 mm was addded.

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Cherepovets Steel Plant increases share of own electricity generation

In the first 9 months of 2018 the Cherepovets Steel Plant (CherMK, part of the Severstal Russian Steel division) increased its own electricity production to 3,394.5 million kWh, which is 2.6% highe

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NLMK not to receive ArcelorMittal's plants

Vladimir Lisin's NLMK did not agree with ArcelorMittal on the purchase of plants and lines for the production of cold-rolled and galvanized steel in Belgium and Luxembourg, the British Liberty

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