Borodinsky Pit named after Schadov, a subsidiary of SUEK, has reached the annual coal output target in advance. This year the target was 19 million tons of coal. Until the end of the year the company plans to mine 2 million tons of coal more. (Ukrainian metal)
In October ChTPZ shipped 61.2 thousand tons of metal via railroad, down by 41.4% YoY. In January-October sales reached 931 thousand tons, up by 1.9% YoY. Deliveries to Russian customers totaled 764 thousand tons, up by 18% YoY, while exports fell by 37.2%, to 166.8 thousand tons. (Ukrainian metal)
At the meeting Severstal shareholders decided to pay dividends for January-September 2018 The dividends amount to 44.39 rubles per ordinary share. The shareholders registry will be closed on December 4. Severstal paid 35.61 rubles per share as of Q3 2017. This year the dividends have been set at 38.32 rubles as of Q1 and at…
On December 1 Electrozinc will start unloading the unfinished products from the rotary-kiln and hydrometallurgical shops. It is no longer possible to process these products, as the fire on October 21 destroyed the electrolysis shop. Zinc oxide, cake, clinker and the leftovers of the zinc concentrate from the warehouse will be sent for processing to…
The net profit attributable to shareholders of Russian metals and mining group Mechel soared to 6.304 billion rubles in July-September, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 3% QoQ, to 79.965 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 17%, to 19.206 billion rubles. In January-September…
In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and EBITDA – by 41.4%, to $2.183 billion. The net debt/EBITDA ratio decreased to 1.3x from 1.9x as of December 31, 2017. Capital expenses dropped to $320 million from $335 million. (Ukrainian metal)
Metal companies of Metinvest are operating in usual mode and will not adjust their manufacturing plans. “We don’t see any reason to adjust our short- or mid-term business plans”, the group said. The ships have once again started passing the Kerch Strait. In case there are problems there, the logistics routes will be “switched to…