Metinvest intends soon to eliminate all the claims from the Antimonopoly Committee of Ukraine to purchase Dneprodzerzhinsk By-Product Coke Plant. “We’re preparing an offer to the Committee, which will satisfy them and allow us getting the green light to buy the plant”, Metinvest CEO Yuri Ryzhenkov said. The official refuse was received in March. “There…
Chelyabinsk Iron and Steel Works rolled metal is used to construct the open-air cages in the first private zoological garden in Russia in the city of Nizhny Novgorod. In particular, ChMK rebars are used when constructing the cage with the pool for the polar bear. Rolled metal was supplied by Mechel-Service. (Ukrainian metal)
Elgaugol LLC has put a new Komatsu loader in operation. The machine has the capacity of 200-230 thousand tons per month. The volume of its ladle is 11 cubic meters. This year the company will also receive 3 BelAZ dump trucks, a drilling rig, a heavy automatic grader, a wheeled bulldozer and two loaders. (Ukrainian…
In 2018 Kamchatka region intends to obtain 6800 kg of gold and 16.5 tons of silver. Ore gold companies will provide for the main part of the output – 6700 kg. Alluvial gold companies have to obtain at least 100 kg. In case the output target is met, gold output will grow by 2% YoY,…
In March Volzhsky Pipe Works sold 86.1 thousand tons of products, down by 0.4% MoM and by 2.8% YoY. In February the results were -13.6% and +23.2%, while in January +15.1% and +40.1% respectively. In January-March sales reached 272.7 thousand tons, up by 18.4% YoY, but down by 8% and by 28% from 2016 and…
NLMK Group, a global steel company, took part in Wire 2018 International Trade Fair for the first time. Wire 2018 is Europe’s largest trade fair for metal wares, wire, machinery and technologies. The Wire Trade Fair is held biennially in Düsseldorf, Germany, attracting in excess of 1,300 participants, presenting their steel products and equipment, and…
NLMK Group revenue in Q1 declined by 1%, to $2.79 billion, but grew by 30% YoY, due to a seasonal drop in sales (-5% QoQ), which was offset by the growth in prices. EBITDA grew to $812 million (+3% QoQ), driven by the growth in steel prices and new operational efficiency programs. Q1 free cash…
The prices of the main precious metals decreased on April 24, according to the data published by the Central Bank. The cost of gold decreased by 12.988 manats, to 2255.339 manats per troy ounce compared to the price on April 23. The cost of silver decreased by 0.6679 manats, to 28.373 manats per ounce. The…