Nordgold net profits in January-March dropped by 3% YoY, to $39.8 million. According to the company statement, earnings grew by 17%, to $293 million. EBITDA increased by 10%, to $131 million. The company consolidated debt at the end of Q1 decreased by 3%, to $927.9 million, with net debt up by 15%, to $677.7 million.…
NLMK Group, an international steel company with facilities in Russia, the USA, and the EU, has signed a five-year contract for the supply of raw materials to the production facilities of EUROCEMENT group, Russia’s leading manufacturer of construction materials. The contract, which runs until the end of 2022, covers an annual supply of up to…
Within the strategic cooperation with Transneft, Chelyabinsk Pipe-Rolling Works has modernized its machinery of large diameter pipe quality control. The investments totaled 244 million rubles. “Transneft is one of the key customers of ChTPZ. Taking into account their demands we have decided to modernize the machinery. The project has been carried out without stopping the…
Trubodetal (Chelyabinsk, a part of OMK) has successfully passed the American Petroleum Institute audit. The auditors checked the quality management system according to API Specification Q1, edition 9, and ISO 9001:2008. “Now all our customers working in oil and gas transportation demand international certificates, so each audit is important for us. This is always a…
For the first time TMK-INOX produced a batch of electric-welded stainless (austenitic) steel pipes to be used under high pressure in aggressive environment requiring high corrosion-resistance, the company’s media office reports. Manufacture of new size-types of electric-welded stainless steel pipes along with the regular range is part of import substitutions program. TMK-INOX is one of…
In Q1 Metalloinvest produced 10.07 Mt of iron ore, up by 0.4% YoY. Production of nodules grew by 0.2%, to 5.98 Mt, while production of direct reduced iron dropped by 0.6%, to 1.47 Mt. Pig iron production dropped by 14.6%, to 0.64 Mt. Steel smelting increased by 12.6%n to 1.23 Mt. In Q1 iron ore…
In January-April major companies – Nikopol and Zaporozhye Ferro Alloys Works – increased ferroalloys output by 4.9% YoY, to 334.54 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 1.2%, to 261.49 thousand tons, and of ferromanganese – by 51.7%, to 39.45 thousand tons. Ferrosilicon production dropped by 5.6%,…