Metal Supply and Sales Magazine, News of the russian metallurgical industry

Russian ferrous metallurgy news
| 23 Apr 2024 | 14:18

Severstal reports Q1 2023 operational results

Severstal reports Q1 2023 operational results Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes. Production: Hot metal output decreased by 4% qoq to 2.72 mln tonnes on the back of planned repairs on BF Nos. 3, 4 and 5. Crude steel production, however, was lower by only 1% qoq and amounted to 2.7 mln tonnes due to increased crude steel output at EAF facilities. Steel...
Russian non-ferrous metallurgy news
| 23 Apr 2024 | 14:21

Nornickel announces stock split

Nornickel announces stock split Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces stock split. As a result of this operation one share is converted into 100 shares of the same category. Earlier, an Extraordinary General Meeting of Shareholders (EGM) approved the decision to split the Company’s ordinary shares at a ratio of 100. The shares have been converted on April 4, 2024 in accordance the records in accounts opened by the registrar responsible...