According to the National Statistics Office, in January-February the trade volume with Turkey, the country’s main trade partner, reached $198.39 million, including $35.04 million of exports (up by 17.3% YoY) and $163.35 million of imports (down by 3.5%). Non-alloyed steel and pig iron semi-finished products exports occupied the third position in the total Georgian exports…
In March Kimkano-Sutarsky GOK produced 120 thousand tons of iron ore concentrate. By summer output is expected to increase to 250 thousand tons. At present the company employs 1.2 thousand people. Before it reaches target capacity it will need some 300 specialists more. This year the company plans to pay 300 million rubles of taxes…
In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.9-fold YoY. In 2015 the corporation profits totaled 14.4 billion rubles against 4 billion rubles in 2014. VSMPO-Avisma revenues in 2016 increased by 5%, to 76.2 billion rubles. Sales profits increased by 3%, to 30.3 billion rubles. (Ukrainian metal)
The European Commission has decided not to impose temporary duties on hot-rolled metal from Ukraine, Brazil, Iran, Serbia and Russia, as it is still investigating whether the countries violated the rules of fair competitiveness. Thus the preliminary antidumping duties are not imposed from April 7. But the commission will have to decide by October 7,…
The state enterprise Ukrpromvneshexpertisa forecasts that scrap deliveries to Ukrainian companies will increase in March by 23.5% MoM, or by 39 thousand tons, to 205 thousand tons. The increase in deliveries has to do with the high price of 6150 UAH per ton, as well as the expectations of the scrap procurers and traders that…
The Specialized Anti-Corruption Prosecutor’s Office (SAPO) has claimed resistance of head of Zaporozhye Titanium and Magnesium Works LLC and its investor to returning the company to state ownership. SAPO said on its Facebook page that despite the attempts to hinder the return of the company to management of the state, this process is taking shape:…
Dneprovsky Iron and Steel Works has shut down its last blast furnace. “Because of the blockade the works shut down its last blast furnace. DMK used to get coke from Alchevsk Coke and Chemical Plant. Now the deliveries are impossible”, the people’s deputy from the opposition Alexander Vilkul wrote on his Facebook page. He also…
In 2016 Buryatzoloto, a part of Nordgold, decreased all its financial indexes. In particular, net profits dropped 6.9-fold YoY, to 651.32 million rubles. EBITDA also decreased 6.9-fold, to 818.761 million rubles, sales profits totaled 2.614 billion rubles, down by 22% YoY. The company revenues dropped by 10.3%, to 8.044 billion rubles. In 2016 at its…