In January-September Metinvest increased EBITDA by 47% YoY, to $2.01 billion. The increase is due to the growth of metal segment profitability by $749 million. Mining EBITDA dropped by $146 million, while corporative expenses decreased by $39 million. The share of the metal segment in EBITDA reached 54% (26% in 9 months of 2017), and…
In January-September Metinvest doubled its capital investments YoY, to $620 million. Scheduled repairs accounted for 61% of investments (89% in 9 months of 2017). Metal division received 63% of investments and mining – 36%, with corporate expenses at 1%. Last year they were 43%, 55% and 2% respectively. The main investment projects at Mariupol Ilyich…
In November Zaporizhstal produced 330.7 thousand tons of steel, up by 10.1% YoY. According to the company statement, pig iron output grew by 7.8%, to 341.7 thousand tons, and rolled metal – by 44.6%, to 269.3 thousand tons. In January-November the company increased steel manufacture by 5.4% YoY, to 3.762 million tons, pig iron –…
Thanks to the increase in large-diameter pipe output, Zagorsky Pipe Works has been able to reach the highest volume of sales. In November ZTZ shipped 62.047 thousand tons of pipes, including 60.472 thousand tons of large-diameter pipes. Last month the company mostly produced for Gazprom. As of today ZTZ has orders for next year to…
Chelyabinsk Iron and Steel Works has produced 1.2 thousand tons of rebars for the construction of the land reclamation on the Vasilyevsky island in St. Petersburg. The city is carrying out a project to construct a Sea Façade. It includes a sea passenger port and new housing. The construction uses 35G2S and 35GS alloyed rebars…
Amurstal CEO Sergey Kuznetsov said that this year the company annual output target had been fulfilled – 650 thousand tons had been produced. Next year the plant intends to produce 1 million tons. Earlier media reported that Amurstal might be purchased by Chinese investors. But the CEO refuted such reports, saying there were no negotiations…
As of December 3 Druza LLC has extracted 975.4 kg of gold in Irkutsk region, up by 5.6% YoY. Nevskoye gold ore deposits yielded 872.4 kg, with 103 kg obtained from alluvial sites. The company is developing alluvial gold sites in 3 districts of the region. This year Druza intends to extract 1030 kg of…
Precious metal prices varied in Azerbaijan on December 5, according to the data published by the Central Bank. The price of gold decreased by 3.349 manats, to 2,099.364 manats per ounce on December 5 compared to the price on December 4. The price of silver dropped by 0.0498 manats, to 24.5743 manats per ounce. The…
This summer the State Property Fund announced the privatization of the Zaporozhye Aluminum Works state share. It was supposed to sell 68% in H2, but the privatization procedure is not going very fast. The state owns 68.0095% of ZALK shares, or 423,514,923 shares. A special auction commission has been created to sell the shares. It…
In January-November Russian Railroads transported 1.18 billion tons of cargo, up by 2.6% YoY. In particular, 342,8 million tons of coal, up by 5.2% YoY, 10.2 million tons of coke, up by 0.1%, and 106.4 million tons of iron and manganese ore, up by 5.7%, were transported. The railroad also transported 71.2 million tons of…
The rail-beam shop of Evraz ZSMK has commissioned the second line of rail processing. The project allows increasing 100-meter R65 rails output 2-fold as well as producing European 60E1 and 54E1 rails with the length of 30, 36, 60, 72 and 90 meters. Investments in the project totaled 168 million rubles. In particular, the manufacture…
Beloretsk Iron and Steel Works has put into operation new machinery to produce multistrand steel ropes to replace imported ones. The Sket Verseilmaschinenbau GmbH (Germany) machinery allows producing 6-12-strand ropes with the diameter of up to 90 mm, while the Rosendahl extruder covers both separate parts and the whole rope with polymer. BMK started the…
In 2019 Severstal will buy some 50 units of railroad and automobile special machines with the total cost of 0.8 billion rubles. The replacement is scheduled and is necessitated by the decommission of outdated machines. In particular, in 2019 CherMK will receive 4 TEM-9 locomotives produced by Sinara Transport machines. 3 more locomotives will be…
In January-October the group of plants – Noginsk Pipe-Section Works and Togliatti Pipe Works – increased the combined output 2-fold. Since Noginsk Works commissions new machinery, the company will retain the dynamics of sales growth, the company sales director Nikita Bakhcheyev said. The new mill will produce welded pipes with the diameter of up to…
Yuzhniy Mining and Processing Works in January-November decreased the iron ore concentrate output by 0.9% YoY, to 11.261 million tons. In November concentrate manufacture dropped by 2% YoY, to 1.056 million tons. Sinter output decreased by 12.7%, to 143.6 thousand tons. In 11 months UGOK produced 1.551 million tons of sinter, down by 10% YoY.…
The Russian government’s commission for control over foreign investment is likely to approve acquisition of a stake in the Baimskaya polymetallic ore zone by Kazakhstan’s KAZ Minerals, Prime Minister Dmitry Medvedev said on December 4. “We have just had a meeting of the commission for control over foreign investments, we’ve considered one of the issues…
Zaporizhstal intends to attract a loan of $18 million from Ukrgazbank. The extraordinary meeting of the shareholders will decide on the issue. The loan will be attracted for the period of not more than 5 years, with the interest rate of 7% to 9%. The meeting will order the CEO Rostislav Shurma or another person,…