In 2016 ArcelorMittal Berislav decreased its net losses 3-fold YoY, to 13.66 million UAH. The company assets last year increased by 28.1%, to 34.321 million UAH. Its current liabilities went up by 12.8%, to 184.3 million UAH, and the company has no fixed liabilities. The total debt increased from 16 thousand UAH in 2015 to…
In January the Moscow subsidiary of the First Cargo Company increased throughput by 35% YoY, to 173 thousand tons. The main cargo was ferrous metals, scrap, chemical and mineral fertilizers. The increase was due to the high demand for ferrous metals and scrap on behalf of the machine-building enterprises of the Central and Southern districts…
Evraz ZSMK has put into operation two gas-and-dust separators systems. According to the company statement, the new machines are used to clean air of premises originating from the process of sinter manufacture. The project presupposes putting into operation 2 more machines by 2019. The investments into the project totaled 350 million rubles. For the past…
Ufaleinickel will halt its operation on April 1. The corresponding decision has been taken by the shareholders because of the unfavorable financial and economical situation. The employees will be sent in idle vacation with 2 thirds of the average salary. The company started experiencing problems after the world nickel prices dropped and coke prices increased.…
Sergey Plichko, the deputy financial director, deputy chief accountant on finances has been appointed the new acting financial director, chief accountant of ArcelorMittal Kriviy Rih. For the past 5 months the acting financial director, chief accountant has been Igor Kublitsky, though his appointment has to end on June 30. Sergey Plichko has been appointed till…
VSMPO-Avisma has increased its business-plan for 2017 by 11.5% as compared with the plan for 2016. According to the company statement, all the titanium divisions have enough orders. The company also implements a new planning tool. “The idea is that we will be able to see the production picture more clearly and we will know…
In 2016 the Warehouse complex of ChTPZ sold over 265 thousand tons of pipes of Chelyabinsk Pipe Works and Pervouralsk Pipe Plant. In May 2016 a new, 14th, subsidiary of the Warehouse complex was opened in Bataisk, Rostov region. In 7 months it has sold around 4 thousand tons of pipes. A centralized logistics service…
In January, according to the railways statistics, direct deliveries of ferrous scrap to the Magnitogorsk Iron and Steel Works totaled 98 thousand tons. This is down by 42.7% MoM, but up almost 5 times YoY. This is also the highest result for January for the last 10 years. And MMK is still the leader in…
