U.K.-based mining giant Evraz, which operates mainly in Russia, expects its net debt to earnings before interest, taxes, depreciation and amortization (EBTIDA) ratio to fall to below 3x in January-June from 3.1x as of the end of 2016, president Alexander Frolov said in a conference call. Evraz’ dividend policy stipulates that the company may pay…
Evraz is in the process of selling its Evraz Yuzhkoks Works, uniting Bagley and Dneprodzerzhinsk coke and chemical plants. “The conclusion of the transaction requires several conditions, which the sides cannot fully influence”, Evraz said. According to the company, the payment of assets will be made by installments by August. Apart from the two coke…
Azovstal Iron and Steel Works planned to increase output in 2017 by 0.8-0.9 million tons, to 4.2-4.3 million tons, but because of the trade blockade of the occupied territories it revaluated the forecast to 3.15 million tons. “If the situation persists and we still operate under the blockade regime, we might not even reach 3…
Russia suggests creating an OPEK-like international organization in the aluminum industry. “This is just a suggestion. But we would like this organization to function with direct government participation and state representatives. For the first stage even an association will be enough. The main thing is that all the countries, which are major manufacturers and exporters…
Avdiivka Coke and Chemical Works has coal enough for 13 days of operation. “At present only two out of four coking shops are operating”, the company CEO Musa Magomedov said. According to him, the situation with heating in the town is normal, as the works supplies it. “The shelling and shooting is actively carried out.…
In January Dneprospetsstal produced 20.29 thousand tons of steel, down by 5.1% MoM. At the same time, rolled metal output increased by 4.1% MoM, to 14.17 thousand tons. The total cost of products manufactured in January reached 619.9 million UAH, up by 7.3% MoM. (Ukrainian metal)
In February Zaporizhstal produced 254.3 thousand tons of pig iron, 293.3 thousand tons of steel and 247.1 thousand tons of rolled metal. According to the company YoY decrease has to do with the blast furnace No. 3 being shut down in November 2016 for a large-scale overhaul. The company invested 1.5 billion UAH in the…
In January Russia transported 5.9 million tons of ferrous metals via its railroad network, up by 7.3% YoY. The key importers, which increased volumes, were Turkey (up by 25% YoY), Taiwan (up by 10%) and the USA (up 1.5-fold). At the same time Italy decreased imports by 15%. In the short term ferrous metals exports…