In January-June Evraz increased net profit 12.3-fold YoY, to $86 million. According to the company statement, its consolidated EBITDA grew 2-fold, to $1.152 billion, while consolidated revenue increased by 44.1%, to $5.1 billion. Evraz’s net debt in H1 totaled $4.3 billion, down from $4.8 billion in late 2016. (Ukrainian metal)
Employees of Ak-Tyuz plant fear to hold a strike, the former chairman of the trade union Dokturbek Maychiev announced on August 10. According to him, six people were dismissed illegally, other 36 resigned voluntarily because they were tired of tolerating salary delays. “People are frightened. Those who cannot find another job are silent. They are…
The government of Kyrgyzstan has announced the second tender for the right to develop Tuyuk-Kargash coking coal deposit and conduct geological exploration work. The price of the right to use the subsoil is set at not less than 2,498,760 billion soms. One of the requirements for participation in the tender is payment for a short…
ArcelorMittal Kriviy Rih and Transinvestservice stevedoring company (TIS, Odessa region) have opened an indoor transshipment complex for metal goods worth more than $4.5 million at Yuzhny seaport (Odessa region). According to a press release from TIS, the complex includes a warehouse for 7,000 square meters with a capacity of more than 40,000 tons. Its capacity…
In industry prices in July increased by 1.8% after a fall of 0.6% in June and 1.3% in May. According to the State Statistics Service, prices increased by 23.3% YoY in July, and by 8% YoY in 7 months. Metallic ore mining prices dropped by 1.3%, in metal manufacture – by 2.1%, at the same…
The imposition of EU duties on hot-rolled metal will not affect Magnitogorsk Iron and Steel Works. “At present a minimum price of 473 euro per ton is being discussed. If the price is higher, the duty will not be imposed. This price is ok for us. We’re trading at much higher prices, so the duty…
In July the scrap redemption centers increased prices to the highest level in the last 3 years on the background of the world metal prices growth. The most popular metal – 4 mm thick sheet – in just a month increased in price by 26%, to 170 euro per ton, while sheet with the thickness…
VSMPO-Avisma is carrying out repairs of the etching rooms in press, pipe and bar-rolling shops. The cost of the project is estimated at 40 million rubles. Additional equipment is assembled in the shop No. 3 with 2 etching rooms. The rooms will have a system to measure harmful gases in the air. When the tolerance…