In 2017 Beloretsk Iron and Steel Works received 1.004 billion rubles of net profit, up from 315.5 million rubles. In Q4 2017 BMK registered 240 million rubles of net losses, while in Q3 2017 – 424 million rubles of profit. Last year the company sold 23.932 billion rubles worth of metal, up by 2% YoY.…
The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…
In February Russian Railroads transported 99.8 million tons of cargo, up by 3.9% YoY. According to the company press-service, in January-February the throughput grew by 3.7%, to 203.3 million tons. In particular, in 2 months RZhD transported 60.8 million tons of coal, up by 1.1%, 12.6 million tons of ferrous metals, up by 10.3%, and…
In 2017 Vyksa Iron and Steel Works produced over 2 million tons of pipes, up by 15%. Large diameter pipes manufacture grew by 16%, to 930 thousand tons, small and medium diameter pipes – by 14%, to 1.1 million tons. Hot-rolled coils output reached a record of 1.29 million tons, up by 4%. Sheets manufacture…
The physical volume of deals with gold on the Moscow Exchange fell by 5.3% YoY, to 5.3 tons in January-February, the exchange said in a statement. The amount of deals with silver surged to 2,461 kilograms in the period from 140 kilograms in the same period of 2017. In monetary terms, gold and silver deals…
Moscow shares the concern of European states about introduction of steel and aluminum duties by the U.S., presidential spokesman Dmitry Peskov declared. U.S. President Donald Trump said at a meeting with CEOs of metals producing companies that the country would introduce a 25% steel imports duty and a 10% aluminum duty for a long time.…
The Tajik aluminum plant will stop working for two years in connection with the construction of a new joint Tajik-Chinese aluminum enterprise. This was stated by head of the Information and Public Relations Department of SUE Tajik Aluminum Company (TALCO) Igor Sattarov. Negotiations on the construction of a new plant, which are being conducted on…
Metinvest intends to acquire Unisteel LLC, the producer of cold-rolled galvanized metal. Metinvest-SMC LLC has already filed a corresponding request to the Antimonopoly Committee. As the result of the purchase the Metinvest-SMC share in Unisteel will exceed 50%. Unisteel with the capacity of 100 thousand tons of galvanized metal per year was constructed in 2007-2010.…
