Steel

Investments in new icebreakers for the Arctic may amount to 164 billion rubles until 2024

Investments into the construction of a new Arctic icebreaking fleet may amount to 163.8 billion rubles until 2024.

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In H1, Mechel’s net profit fell by 6% to 4.7 bln rubles

In the first six months of 2018, the net profit of Mechel under IAS decreased by 6% compared with the same period of the previous year and amounted to 4.69 billion rubles, the company reports.

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The modernization of the hot rolling mill continues at CherMK

Severstal has signed a contract for the supply of equipment for the reconstruction of the main drives of the finishing group of mill stands at the Cherepovets Metallurgical Combine (CherMK).

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Ukraine: in July, rolled metal production fell a little

According to the updated data of the association Ukrmetallurgprom, in July 2018 metallurgical enterprises of the Ukraine produced 1.82 million tons of steel.

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NLMK-Kaluga produces six-millionth ton of steel

The new generation electrometallurgical plant NLMK-Kaluga (part of NLMK Group's Long Products Russian Division) has produced a six millionth ton of steel.

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Krasny Oktyabr prepares Danieli equipment for start up

The project for the installation of the centerless turning machine PL-370 produced by Danieli is being completed in the shop for finishing long products at the Volgograd metallurgical plant Krasny

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Effect of NLMK-Kaluga employees' initiatives exceeded 230 million rubles

At the new generation electric metallurgical plant, NLMK-Kaluga (part of NLMK Group's Long Products Division of Russia), 753 initiatives of employees were accepted in 7 months of this year to i

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TMK may announce buyback

TMK hasn’t ruled out the possibility of an offer to shareholders in the medium term, deputy general director of the company Vladimir Shmatovich said during a conference call for investors.

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TMK does not expect to be included in Belousov's list due to low EBITDA margin

The Pipe Metallurgical Company (TMK) does not expect to be included on the list of presidential aide Andrei Belousov, who suggested the head of state Vladimir Putin to withdraw more than 500 billio

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In Q2, TMK’s profit was $19.3 mln

In the second quarter of 2018, the TMK's profit under IAS amounted to $19.314 million against the loss in the amount of $18.738 million a year earlier.

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