Ukraine: AMKR against hidden tariff increase by Ukrzaliznytsia

Andrey Moroz, Head of External Logistics of PJSC ArcelorMittal Kriviy Rih, spoke about forced increase of own wagon fleet; about the tariff policy of Ukrzaliznytsia and how it impacted transportation and infrastructure of the railways of Ukraine. – All Ukrainian carriers suffer from lack of wagons. How does PJSC ArcelorMittal Kriviy Rih manage? – This…

Russia: NLMK buys construction institute

NLMK has purchased 100% shares of Ural Research-Scientific Institute of Architecture and Construction (UralNIIAS).

In 2016 the institute revenue grew 2.4-fold, to 162.9 million rubles, with net profit at 10.25 million rubles, up from 28.8 million rubles of losses in 2015.

In H1 NLMK increased net profit by 63.1% YoY, to $1.083 billion. (Ukrainian metal)

Ukraine: Selidovugol miners paid 30 million UAH

On August 6 the miners of the state enterprise Selidovugol were partially paid their salary debts.

According to Mikhail Volynets, the chairman of the Independent Miners Union, 30 million UAH was used to pay April and 50% of May salary.

Still, there is a debt of June and July salary. (Ukrainian metal)

Russia: Krasniy Octyabr finishes mill-1150 modernization

In July Krasniy Octyabr carried out large-scale repairs on the mill-1150.

The replacement of 118 bearings in roll-tables allowed decreasing the time to supply ingots, while at the same time increasing the speed of metal cutting.

The repair of the soaking pits in the furnace bay significantly reduced company gas consumption. (Ukrainian metal)

Kazakhstan: AMT sued for environment legislation violations

The Department of ecology of Karaganda region has sued ArcelorMittal Temirtau for violation of the environment-protection legislation.

The unscheduled inspection of the works revealed a number of violations. In particular, the company air pollution exceeded the allowed limits.

The total damage to the environment is estimated at 1.395 billion tenge ($4 million). (Ukrainian metal)

Russia: Rusal profit down in Q2 2018

In April-June Rusal decreased net profit by 31% QoQ, to $218 million, but increased it by 8% YoY.

In H1 net profit grew by 15% YoY, to $535 million.

Quarter revenue dropped by 18% QoQ, to $2.25 billion, but went up by 4% YoY, to $4.99 billion in H1. (Ukrainian metal)

Ukraine: copper exports up in January-July 2018

In January-July Ukraine imported $51.894 million worth of copper and copper wares, up by 9.4% YoY.

According to the State Fiscal Service, exports grew by 38.5%, to $100.8345 million.

In July Ukraine imported $9.328 million worth of copper and copper wares, and exported – for $13.268 million. (Ukrainian metal)