In January-February Russia imported 281.5 thousand tons of steel products from Kazakhstan, up by 115% YoY. According to the customs statistics, flat rolled steel accounted for 92% of imports, with 56% being steel of 3 mm thickness and higher, up 3-fold YoY. Sheet steel accounted for 33%, up 1.8-fold. Galvanized steel supplies increased by 103.4%,…
The largest Russian gold miner Polyus in January-March increased output by 17% YoY, to 450 thousand ounces. According to the company statement, the growth was stipulated by the output increase at Olimpiada, Blagodatnoye and Kuranakh deposits. Ore processing increased by 4%, to 6.6 million tons. Ore mining went up by 26%, to 8.6 million tons.…
In 2016 the total earnings of Chelyabinsk Zinc Works increased by 26% YoY, to 30347 million rubles. The main driver for the growth was the zinc price rise at LME – by 9% YoY, to $2095 per ton. The company net profits totaled 4016 million rubles as opposed to 3750 million rubles in 2015. EBITDA…
In 2017 Dneprovsky Iron and Steel Combine plans to increase steel output by 59.7% YoY, or by 1.16 million tons, to 3.1 million tons. According to the company statement, pig iron output is expected to increase by 51.3%, to 2.94 million tons, rolled metal – by 25.8%, to 561.2 thousand tons. In 2016 DMK received…