Russia: metal imports up in H1 2017

In January-June Russia considerably increased imports of metal products. According to the Federal Customs Service, Russia imported 3.018 million tons of ferrous metals, up 1.6-fold YoY. Far foreign countries supplied 1.134 million tons, while CIS countries – 1.885 million tons (0.615 million and 1.238 million tons in 2016 respectively). Ferrous metals imports not taking into…

Russia: Evraz net profit up in H1 2017

In January-June Evraz increased net profit 12.3-fold YoY, to $86 million. According to the company statement, its consolidated EBITDA grew 2-fold, to $1.152 billion, while consolidated revenue increased by 44.1%, to $5.1 billion. Evraz’s net debt in H1 totaled $4.3 billion, down from $4.8 billion in late 2016. (Ukrainian metal)

Kyrgyzstan: Ak-Tyuz plant employees afraid to strike

Employees of Ak-Tyuz plant fear to hold a strike, the former chairman of the trade union Dokturbek Maychiev announced on August 10. According to him, six people were dismissed illegally, other 36 resigned voluntarily because they were tired of tolerating salary delays. “People are frightened. Those who cannot find another job are silent. They are…