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In January-June, Interpipe decreased net profit by 33.7% YoY, to $19.53 million. Sales revenue grew by 0.2%, to $461.44 million. EBITDA dropped by 54.7%, to $50.4 million. Capex totaled $9.02 million, down by 71%. Net debt grew 4.8-fold, to $2.42 million. (Ukrainian metal)
DetailsInVenture has announced sale of the Dneprovskiy Roll Works belonging to Dneprotechservice. The initial price is $5 million. The enterprise, founded in 1896, is now one of the largest producers of pig iron rolls for bar, pipe and sheet hot-rolling mills. The company customers are iron and steel works producing hot-rolled metal. Rolls are mostly…
DetailsIn July-September, Ferrexpo produced 0.8 million tons of iron ore pellets, down by 68% YoY. The main reason of the drop is the Russian invasion of Ukraine in February and the logistics limitations connected with it. Now only one of four pelletizing lines is operating. In Q3, pellets output using direct reduction grew by 35%…
DetailsIn January-September, Almalyk Mining and Processing Works exported $722.5 million worth of products, up by 25.4% from the forecast. Thus, AGMK exported 60064 tons of copper products, up by 12.7%, 54887 tons of copper cathodes, up by 22.8%, and 7284 tons of bluestone, up by 28.7%. Zinc exports exceeded forecast by 29.6% at 46661 tons,…
DetailsThe European Bank for Reconstruction and Development is promoting energy efficiency in the steel industry of Uzbekistan by supporting the operation Tashkent Pipe Works. A loan of $15 million will help the company launch manufacture of straight-seam pipes (LSAW) and decrease output of spiral-seam pipes (SSAW). The new welding technique required much less energy and…
DetailsDespite a complex situation due to the constant shelling of Nikopol by Russian invaders, Centravis Production Ukraine continues to operate two lines to produce stainless steel pipes and sometimes uses night shifts. “Centravis is operating. Cold-rolling and hot-rolling shops are operating in two shifts. Moreover, night shifts have been restored, but not on constant basis,”…
DetailsFollowing the large-scale aggression of Azerbaijan against Armenia on September 13, the operation of the Sotskiy gold mine was suspended. “The mine was out of operation for 3 days only. Now it operates at 40% of its capacity. That is, only 40% of the employees are working and their safety is ensured. But many still…
DetailsIn September, Kametstal mastered the manufacture of 4 types of metal round bars. The specialists managed to launch production of round bars with the diameter of 32, 34, 25 and 38mm at the mill-400/200. “The work was carried out in a difficult situation: because of the problems with logistics during war metal companies lacked the…
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