In January-September Russian raw nickel output dropped by 13.1% YoY. According to the Federal Service of State Statistics, in September raw nickel output decreased by 31% YoY and by 18.1% MoM. (Ukrainian metal)
Ukraine should have a strong position in the issue of its own uranium mining. Taking into account the strong place of Russia in the industry and its friendship with Kazakhstan, all the matters of cooperation with Kazakh companies should be thought over. According to the Ministry of energy and coal industry strategic planning and European…
In January-September Stoylensky Mining and Processing Works (a part of NLMK) produced 11.79 million tons of iron ore concentrate, up by 5.1% YoY. This was the result of high-pressure roll presses assembly in two sections of the factory. SGOK also produced 1.18 million tons of sinter ore. The works sold over 13 million tons of…
In Q3 Severstal received $429 million of net profits, without non-monetary factors net profits totaled $449 million. In January-September Severstal’s net profits almost doubled to 1.3 billion rubles. EBITDA increased in Q3 by 11% QoQ, to $584 million. Revenues in Q3 dropped by 0.5% to $1.58 billion. In January-September revenues decreased by 14.7% YoY, to…
Moldova Iron and Steel Works has resumed steel smelting. According to the technical director Oleg Kucherenko, this month the company plans to produce 12 thousand tons of billets. “We have received enough scrap”, he added. The Tiraspol works has been idle since August. The MMZ management has signed an agreement with scrap suppliers and now…
Severstal has increased purchases from small and medium-sized companies of Vologda region by over 1 billion rubles YoY. In January-September Severstal bought 8.7 billion rubles worth of goods and services, up by 17% YoY. “We’re actively cooperating with suppliers from Vologda region, who can provide good quality of equipment and materials on the level of…
In January-September ferrous metals throughput in the Novorossiysk Sea Trade Port reached 10.03 million tons, up by 12.2% YoY. Iron ore raw materials throughput increased by 40.2%, to 2.14 million tons. Non-ferrous metals throughput dropped by 4.8% YoY, to 0.81 million tons. (Ukrainian metal)
Russian tycoon Viktor Vekselberg expects that acquisition of a stake in aluminum giant UC RUSAL from Mikhail Prokhorov’s Onexim Group will be closed soon. At present, Sual Partners, controlled by Vekselberg and partners, holds 15.8% in RUSAL, while Onexim owns 17%, and businessman Oleg Deripaska’s En+ Group has 48.13%. “I hope it will be closed…