Steel, Russia Metals and Mining

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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In Q1, Mechel’s ChMK increased its net profit more than two times

In the first quarter of 2017, Chelyabinsk metallurgical plant (ChMK of Mechel) made the net profit under RAS in the amount of 950.3 million rubles, which is 2.3 times more than in the same period i

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WSA: steel demand in the CIS to improve by 3.2% in 2017

According to the short-term forecast of the World Steel Association, in 2017, the world steel demand will improve by 1.3% to 1.535 billion tons after growing by 1% in 2016.

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Severstal completes a major overhaul of the mill 5000.

In the sheet rolling shop (SRSh) the production of rolled steel at the Cherepovets Metallurgical Plant (part of Severstal), the first major repairs of the main equipment were completed this year.

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ChTPZ develops production of seamless stainless pipes

"ChTPZ's capacity for the production of seamless stainless pipes exceeds 25 thousand tons per year, their range is very wide - from general-purpose pipes to particularly thin-walled pipes,

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Export of Russian semi-finished goods grew significantly

In February 2017, according to the Customs statistics, the export of Russian semi-finished goods out of unalloyed steel made up 1.27 mln tons, which is by 7.8% higher than in January.

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Proceeds from export of Russian flat metal almost double

In February this year, according to the customs statistics, exports of Russian flat rolled products from non-alloy steel amounted to 784.1 thousand tons, which is by 29% more than the level of Janu

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In Q1, TMK Pipes increased shipment of pipes by 0.6%

In the first quarter of 2017, the pipe metallurgical company TMK, one of the largest producers of pipes for the oil and gas industry in the world, increased the shipment of steel pipes by 0.6% comp

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The "Izhstal" plant (part of the Mechel Group) improves production indicators for Q1 2017 compared to the same period of the previous year.

Steel smelting increased by 39% to 75 thousand tons, finished steel production - by 24% to 80 thousand tons. Shipment of finished products increased by 43% and amounted to 91 thousand tons.

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Severstal reports growth in price of pellets in Q1

According to the Platts, on April 20, the Russian company Severstal reported that its average quarterly prices for iron ore pellets grew to $86 per ton compared to the last year's figure of $36

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