Russia, Steel

Net profit of NLMK rose by 5.7 times to $323 mln in Q1

The net profit of NLMK in Q1 2017 made up $323 mln and grew by 5.7 times against Q1 2016.
The revenue of NLMK increased by 37% to $2.16 bln, is said in the company’s IAS report.

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Mechel reports its financial results for 2016

Mechel has announced its financial results for 2016.

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In February, over 20 thousand tons of steel delivered to Russia from Austria for production of LDP

In February of this year, according to the customs statistics, the import of thick plates from Austria to Russia amounted to 20.2 thousand tons, which is by 16.5% lower than the level of the delive

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Mechel expects coal mining in 2017 at the level of 2016

In 2017 Mechel expects the level of coal mining to be at the level of 2016 – about 23 mln tons, CEO of Mechel, O. Korzhov, said.

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In 2017, Mechel plans to increase coal production at the Elga deposit by 22%

In 2017, Mechel plans to increase its coal mining at the Elginskoye field by 22% to 4.5 million tons, the company's general director Oleg Korzhov said during the conference call on the company&

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In Q1 Raspadskaya increases the sales of coal concentrate by 11%.

In Q1 2017"Raspadskaya" RASP increased the volume of sales of coal concentrate by 11% compared to the same period last year, to 1.696 million tons, the company informs.

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Mechel made a net profit of 7.13 bln roubles in 2016

For the first time in 5 years the net profit of Mechel made up 7.13 bln roubles in 2016.
In 2015 the company made a net loss of 115.16 bln roubles, the CEO O. Korzhov said.

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Amurmetal: in 2018, production volumes should reach 0.75 mln tons

In the current year, the electrometallurgical plant Amurmetal plans to produce 0.1 million tons of steel per month.

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Delivery of ferrous scrap metal from Kazakhstan to Russia significantly grows

In January-February this year, according to the customs statistics, the shipments of ferrous scrap metal to Russia from Kazakhstan amounted to 78.1 thousand tons.

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Board of MMK has recommended the amount of dividends-2016

The amount of dividends was recommended as 60% of the free cash flow taking into account the profit from the sale of the package of shares of Fortescue Metals Group.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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