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In 2019, Uchaly Mining and Processing Works increased net profit 5-fold YoY, to 1.09 billion rubles. Revenue totaled 22.06 billion rubles, up by 0.5% YoY. Sales profit grew from 302 million rubes to 1.1 billion rubles. (Ukrainian metal)
DetailsBailiffs of the Krasnoyarsk region have suspended the operation of Yeniseiskiy Iron and Steel Works based on the court ruling. The manufacturing object is situated on the territory of Krasnoyarsk Iron and Steel Works. EMZ produces steel of various grades, alloys and ready-made steel components. The bailiffs halted the operation of the enterprise by shutting…
DetailsNeryungri-Metallik LLC, a part of Nordgold, in 2019 produced 8.2 tons of refined gold at its Gross mine in Yakutia. The output target was exceeded by 36%. In early 2019, the company expected to produce 5.9 tons of gold last year. The increase is due to the expansion of the factory capacities from 12 million…
DetailsMechel has addressed its main bank-creditors (VTB and Gazprombank) asking them to prolong the postponement to pay debts until the debt is restructured. As of late 2019, the volume of loan debt exceeded 370 billion rubles. Gazprombank has agreed to postpone the payment for a month, while VTB has not decided yet. In 2017, Mechel…
DetailsIn January-February, the share of metal and wares in the overall exports totaled 8.6%, down from 9.4% last year. Far foreign countries accounted for 7.6% (9% in January-February 2019), while CIS – 16.8% (12.5%). The exports of pig iron decreased by 57%, aluminum – by 53.5%, ferroalloys – by 20%, flat iron and unalloyed steel…
DetailsInternational rating agency Moody’s has worsened its outlook for Russia’s steel sector to negative from stable. The agency attributed the move to an anticipated decline in demand for steel amid low oil prices and a weak industrial PMI. Moody’s expects that demand for steel will fall by 3-7% this year compared with a previous projection…
DetailsIn March, deliveries of scrap to metal companies reached 260-270 thousand tons, and in Q1 – 660-680 thousand tons. This allowed providing companies with scrap at the level of 110-113%. Scrap stocks are now high – 130-135 thousand tons. According to UAVtormet president Vladimir Bubley, 2020 will see decrease in scrap procurement by 12-15% in…
DetailsIn January, Russia imported 61.9 tons of raw tin, down by 44% MoM and by 26% YoY. Price remained unchanged – $18.4 per kg. Deliveries from Belgium grew 2-fold, to 40 tons, while from Bolivia dropped 2-fold, to 20.5 tons. Malaysia and Peru stopped supplying tin to Russia. In 2019, imports totaled 1.2 thousand tons,…
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