The National Bank of Tajikistan and Metalor Technologies SA, an international Swiss-based group, have signed a cooperation agreement. According to NBT press center, the document has been signed during a visit of the first deputy head of Tajik central bank Jamoliddin Nouraliyev to Switzerland. The agreement reportedly provides for cooperation on refining gold produced in…
The largest VAT refunds recipients in January and February among metal companies were Mariupol Ilyich Iron and Steel Works and Azovstal, parts of Metinvest Group, with UAH 895 (UAH 382.5 million in December 2016) and UAH 856.3 million (UAH 703.1 million), followed by Evraz DMZ with UAH 731.1 million (no refunds in December 2016), the…
The situation at the metal works, taken by the DPR-LPR militants from their rightful owners, has become almost critical in just 1 week. Despite the local authorities’ forecasts, which promised to quickly reorient production to Russian and provide up to 70% of the budget revenues from these companies, most of them start to shut down.…
In 2016 Beloretsk Iron and Steel Works, a part of Mechel, received 315.5 million rubles of net profits, down 6.6-fold YoY. The works revenue dropped by 2.5%, to 22.89 billion rubles. Export sales decreased by 14.7%, to 4.49 billion rubles, while local sales went up by 1.1%, to 18.4 billion rubles. In Q4 2016 BMK…
For the first time in the last 8 years Izhstal, a part of Mechel, has received net profits – 121.4 million rubles in 2016. Its net losses amounted to 1.5 billion rubles in 2015 and 1.8 billion in 2014. In 2016 Izhstal received net profits only in the second half. Q4 2016 saw 205 million…
NLMK president Oleg Bagrin said that the group was studying the option of buying rolling assets abroad, in particular on developed markets. “We like developed markets, as they provide stability and growth”, he said, adding that new assets should be complimentary to the existing ones and the company strategy. The group also strives to be…
By 2018 NLMK will increase iron ore concentrate output by 1.7 million tons, to 16.6 million tons. According to the company statement, in November 2016 it put into operation the pelletization factory at its Stoylensky GOK with the capacity of 6 million tons of pellets per year, which could be increased to 7.2 million tons.…
In February the Yuzhniy Mining and Processing Works produced 941.3 thousand tons of iron ore concentrate and 135 thousand tons of sinter, up by 9.2% and by 13.4% YoY respectively. In January-February concentrate output at UGOK increased by 11.1% YoY, to 1.989 million tons, of sinter – by 26.9%, to 338.9 thousand tons. (Ukrainian metal)