In 2016 MidUral Group revenue increased by 13% YoY, to 8.3 billion rubles. Profit before taxation was 373.3 million rubles as opposed to losses in 2015. The net debt as of December 31, 2016 decreased by 20.2%. MidUral Group comprises Klyuchevsky Ferroalloys Works, Russkiy Chrome 1915, Klyuchevskaya Processing Factory (all in Russia), Dirox S.A. (Uruguay),…
Severstal has increased purchases of goods and services from Vologda region by 2 billion rubles YoY. According to the company statement, in January-September Severstal bought 15.4 billion rubles worth of goods and services in the region, up by 14% YoY. Severstal is cooperating with over 300 companies in Vologda region. (Ukrainian metal)
Production of Russian aluminum giant UC RUSAL rose by 1.1% QoQ, to 931,000 tons in July-September. In January–September, the company’s aluminum output rose by 0.3% YoY, to 2.763 million tons, it said. Aluminum sales fell by 3.4% QoQ, to 968,000 million tons in July-September, with the average price rising by 2.1%, to $2,124 per ton.…
The seventh bulker with 75,000 tons of anthracite for the needs of thermal power plants (TPPs) of the public joint-stock company DTEK Energy from the South Africa arrived in the Yuzhny seaport (Odessa region), the company’s press service has reported. The press service said that the unloading of Leda C bulker would start soon. Then…
The Energy and Coal Industry Ministry of Ukraine will reorganize and merge state-owned coal enterprises into the newly created state-owned enterprise National Coal Company, and all permits will be re-registered to this company by the end of this year. This is outlined in the action plan for 2017 to implement the concept for reforming and…
In 2017 MMK expects steel consumption in Russia to grow by 3.5% YoY, to 41 million tons. High-value added products consumption could grow by 1.8%, to 8.3 million tons, while imports will decrease by 1%, to 3.3 million tons. The drop in imports has to do with the imposition of duties at the request of…
The commissioning of the new ladle furnace will allow the ArcelorMittal Temirtau converter shop to reach a higher slab and square billet output. “When the third ladle furnace is commissioned, we will remove all the limitations and will be able to increase steel output to 5 million tons per year by 2020”, the company said.…
There are interruptions in the delivery of Kazakh coal to Kyrgyzstan, Kuban Myrzakanov, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic reported. According to him, there is no official ban on the supply of coal to Kyrgyzstan. Bishkek Heating and Power Plant receives the fuel as usual.…