Russia: SUMZ revenue up in H1 2018

In January-June Sredneuralsky Copper Smelting Works reports increase in revenue.

In particular, its amount has grown almost 2-fold YoY, from 9.19 billion rubles to 16.71 billion rubles.

Gross profit totaled 2.73 billion rubles. (Ukrainian metal)

CIS: pig iron output up in July 2018

In July Russia produced 4.475 million tons of pig iron, up by 3.9% YoY, with 4.331 million tons produced in June. In January-July Russia increased pig iron output by 1.3% YoY, to 30.39 million tons. Ukraine, though it has left CIS, improved pig iron output by 13.9% YoY, to 1.767 million tons in July, with…

Russia: ITZ supplies 108 thousand tons of pipes to Kharampurskoye deposits

Izhorsky Pipe Works has finished supplying over 100 thousand tons of large diameter pipes for the construction of the Kharampurskoye oil and gas condensate deposits in Yamalo-Nenets Autonomous District. According to the contract, the company started supplying pipes in Q2 2017, having successfully completed the delivery in summer 2018. ITZ produced LDP with the diameter…

CIS: steel output up in July 2018

In July Russia produced 6.17 million tons of steel, up by 0.8% YoY, with 5.972 million tons produced in June. In 7 months steel output totaled 42.094 million tons, up by 2.2% YoY. Ukraine, which has already withdrawn from CIS, increased steel output in July by 11.4% YoY, to 1.629 million tons, with 1.711 million…

Russia: ChelZinc produces trial batch of indium alloy wire

Chelyabinsk Zinc Works produced a trial batch of wire made of indium alloys.

The wire consists of 52% of indium and of 48% of tin.

At present the company is studying the market.

Trial samples of wire have been sent to prospective customers. (Ukrainian metal)

Russia: steel furnace vault destroyed at Bezhitskaya Stal

On August 30 the vault of the arc furnace at Bezhitskaya Stal was partially destroyed.

5 people were injured in the accident.

The company is operating in the normal mode, no manufacturing process has been suspended.

According to the preliminary inspection, it will not take long to resume the operation of the furnace. (Ukrainian metal)

Russia: scrap deliveries to VMZ down in July 2018

In July Vyksa Iron and Steel Works received 39 thousand tons of scrap via railroad.

According to the railroad statistics, deliveries dropped by 132.7% YoY.

In January-July scrap deliveries to VMZ reached 330.1 thousand tons, down by 28.5% YoY. (Ukrainian metal)

Russia: UEM commissions short-drum furnace

The Uralelectromed subsidiary has put into operation after a scheduled repair an Engitec Technologies short-drum furnace. The inner insulation layer of the furnace has been replaced. The work cost some 2.5 million rubles. Refractory bricks of two types were used to assemble new lining. The short-drum furnaces are heated to 1200 degrees C to produce…

Russia: Severstal Russian Steel invests 4 million rubles in new machinery to repair rotors

Severstal has finished assembling new stand in the electric repair shop of Promservice center. The machinery has already been commissioned. “It was the idea of the shop employees to purchase the stand to repair electric engines. Investments totaled 4 million rubles”, Severstal Russian Steel repair division director Sergey Dobrodey said. The stand will make engine…

Russia: NLMK VP dies in Moscow

NLMK Group reports the tragic death of Dr. Bruno de Cooman, NLMK Group Vice President for Research and Development, on August 29 in Moscow. “Bruno De Cooman’s death is an enormous loss for the group and the entire sector, for his friends and family. He has made an invaluable contribution to the development of global…

Russia: VSMPO-Avisma IFRS net profit up in H1 2018

The net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.

Revenue increased by 3.3%, to $786.08 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)

Uzbekistan: Uzmetkombinat launches production of ferroalloys

On August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…

Armenia: Armenal operating in stable mode

Lately a number of Armenian and Azerbaijani media reported on possible “mass firings” at Rusal Armenal because the US sanctions affected foil exports. The company is the largest producer and exporter of aluminum foil. “The works is operating in stable mode. No mass firings are in question. The information appearing in some media is false”,…

Tajikistan: coal output up in 2018

As of August 24, 988 thousand tons of coal have been produced, up by 67 thousand tons YoY. According to the Ministry of industry and new technologies, this year Tajikistan intends to produce 1.9 million tons of coal. The country has 14 coal deposits. Coal exports so far have reached 27 thousand tons valued at…