In March Metinvest increased EBITDA by 14.8% MoM, or by $29 million, to $225 million, with its revenue up by 19.91%, or by $182 million, to $1.096 million. As of March 31, the group total debt reached $3.086. In March Metinvest sold 619 thousand tons of semi-finished products valued at $275 million, in particular, 374…
Polyus has attracted an ING Bank loan of $70 million at the fixed rate. The loan has to be paid in full in one installment in 2023. The company intends to spend this money to cover its current activities Polyus is one of the top-10 gold-extracting companies in the world. It has the second largest…
In April Russia produced 6.03 million tons of steel, up by 2.4% YoY (6.23 million tons in March). In January-April steel output totaled 23.797 million tons, up by 0.9% YoY. Ukraine increased steel output by 6% YoY, to 1.721 million tons (1.711 million tons), with 6.985 million tons produced in the first 4 months of…
The first stage to replace rigging of the electrolysis baths has started in the nickel electrolysis shop of Kola Iron and Steel Company. The work is carried out within the investment project to stop using nickel anodes. Instead, the company will use nickel powder, obtained from tubular furnaces, as raw materials. The trial batch of…
Uralelectromed has commissioned a new converter in the metal shop of its subsidiary – Proizvodstvo Polymetallov (Polymetal manufacture). The machine produces blister copper. It has replaced an outdated machine. The cost of the project is 40 million rubles. The company expects the new converter to operate for 30-40 years. The UEM subsidiary operates 4 converters…
According to Promnastil CEO Dmitry Gaponov, at present galvanized steel grating is in demand. Hence the company is increasing output. In 2 years grating manufacture increased 3-fold. 20% of the product is sold in the South Federal District. At the same time Gaponov noted, that the market was inactive. The construction of industrial buildings has…
The prices of the main precious metals increased on May 31, according to the data published by the Central Bank. The cost of gold increased by 7.7095 manats, to 2215.61 manats per ounce compared to the price on May 30. The cost of silver increased by 0.2793 manats, to 28.0939 manats per ounce. The cost…
By mid-June, according to the schedule, the tests of the roughing stand of the new Danieli-Freling hot-rolling mill will be completed. In late June the stand will be put into operation and will start producing plates with the thickness of 20-210 mm. The finishing stand will be commissioned in the third part of June. The…