In April-June MMK-Metiz received 260.7 million rubles of net profit, up 1.7-fold QoQ. In January-June net profit dropped by 40% YoY, to 413.42 million rubles. In 6 months the company received 11.513 billion rubles of revenue, up by 20% YoY. In Q2 the works sold 6.13 billion rubles worth of products, up by 14% QoQ.…
In January-June Russia imported 134.8 thousand tons of corrosion-resistant steel valued at $310 million, down by 0.5%, but up by 6.6% YoY respectively. According to the customs statistics, the sheet with the width of 600 mm and more accounts for 90% of the imports. The main supplier is China (46%, up by 54.1% YoY), followed…
In July metal companies received 808 thousand tons of coke, up by 9% MoM. All the coke was of domestic origin. As in two previous months, no coke was imported in July. In January-July Ukrainian metal companies received 5.63 million tons of coke, up by 9% YoY, including 5.37 million tons of Ukrainian coke, up…
The prices of precious metals increased in Azerbaijan on August 21, according to the data published by the Central Bank. The price of gold grew by 15.2915 manats, to 2031.3725 manats per ounce on August 21 compared to the price on August 20. The price of silver went up by 0.0582 manats, to 25.1762 manats…
The net profit of the Russian gold producer Polymetal International jumped by 46% YoY, to $175 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 21. The adjusted net profit rose by 32%, to $155 million. Revenue grew by 16%, to $789 million in the…
Energomashspetsstal is manufacturing and shipping billets of the body machinery for the Ruppur Nuclear Power Plant being constructed in Bangladesh. On August 16 another batch of billets to produce steam generator was shipped. The batch included a shell weighing 43.5 tons and a bilge (23.6 tons). Since the signing of the contract EMSS has produced…
ChTPZ has delivered the first 130 tons of seamless pipes to Tyazhmash. The pipes with the diameter of 426 mm and the wall thickness of 25 mm will be used to construct a tower and a set of cargo-lifting machinery of the Vostochniy launch site. ChTPZ has been cooperating with Tyazhmash since 2010. (Ukrainian metal)
The government of Uzbekistan has allowed SFi Management Group to manage two largest metal works – Uzmetkombinat and Almalyk Mining and Processing Works. The task of the company is to effectively carry out investment projects, increase the share of high added value products, optimize import expenses and decrease prime cost. The agreement between Almalyk and…