In 2018 Ferrexpo received $355.22 million of net profit, down by 15% YoY. Revenue grew by 6.4%, to $1274.03 million. Pellets sales dropped by 2.3%, to 10.227 million tons, while their manufacture increased by 1.6%, to 10.607 million tons. Gross profit last year fell by 2.5%, to $766.09 million, and EBITDA – by 8.7%, to…
Q1 was quite successful for Ventall. The volume of orders on the delivery of ferrous metals structures grew by 38% YoY, and components – by 19%. In order to retain the positive dynamics, the company intends to modernize its capacities, increase product portfolio and develop partner network. “We have optimistic plans for the future. The…
The construction of the rail and beam shop of the Novo-Tagil Iron and Steel Works started during the Second World War. The manufacturing complex measured 600×140 meters. The shop had two rolling mills – 900 and 800, which were fully commissioned in April 1949. In 2012 manufacture underwent a serious modernization. In 70 years the…
In January-March, Seligdar produced 598 kg of gold, up by 146% YoY. Ore mining totaled 1487 thousand tons, up by 12%. In March, 189.2 kg of gold were produced. Tin concentrate output reached 450 tons. In Q1 2018 no tin was produced. Gold sales revenue grew 3-fold, to 2 billion rubles, and tin – 20-fold,…
Zlatoust Electrometallurgical Works has started producing rolled billets with the size of 28×250 and 73×250 mm at the mill-750. The mastering of the new sizes will allow the company increasing its special purpose sections portfolio. The company started rolling billets on April 9. In two shifts 110 tons of billets have been manufactured of 10860,…
In January-March, Severstal net profit decreased by 7.2% YoY, to $428 million. EBITDA dropped by 6.1%, to $663 million. Compared with Q4 2018, net profit fell by 26%, and EBITDA – by 16.5%. The group net debt as of March 31, decreased by 30%, to $863 million. (Ukrainian metal)
At a meeting held on April 19, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 dividends of 7.34 rubles per share at the Extraordinary General Shareholder Meeting (EGM) to be held on June 7. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q1 dividends of 7.34 rubles per…
The newly elected Board of Directors of NLMK Group held its first meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors also approved the schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees. Strategic Planning Committee: chairman – Oleg…
