Russia: Rusal profit down in Q1 2019

In January-March, Rusal received $2.17 billion of revenue as opposed to $2.74 billion in Q1 2018.

The decrease is due to the drop of aluminum prices by 13.9%, to $1859 per ton.

EBITDA fell by 60.5%, to $226 million.

Net profit decreased by 49.8%, to $273 million. (Ukrainian metal)

Ukraine: pellets exports in Q1 2019

In January-March, Ferrexpo exported 2.63 million tons of pellets. In particular, PGOK exported 2260.1 thousand tons and EGOK – 369.9 thousand tons. Metalloinvest (Russia) exported 1410.7 thousand tons of pellets (Mikhailovsky GOK – 1176.7 thousand tons and Lebedinsky GOK – 234 thousand tons). Metinvest shipped 1223 thousand tons of pellets abroad (SevGOK – 640.1 thousand…

Ukraine: ferroalloys export-import in January-April 2019

In January-April, Ukraine increased ferroalloys exports by 1.7% YoY, to 314.073 thousand tons valued at $345.188 million, down by 4.1%. According to the State Fiscal Service, the main customers were Turkey (17.61%), Italy (16.06%) and the Netherlands (9.36%). Ukraine also imported 16.223 thousand tons of ferroalloys, down by 1%, valued at $49.434 million, up by…

Ukraine: environmental tax not used for environment improvement at industrial cities

Payments on environmental tax are growing but they are not used in Ukraine for environment protection purposes. Most of this money goes to national budget and not to local one, and is spent for anything but not for environment. It is necessary to change the mechanism for distribution and spending of this money as well…

Ukraine: Selidovugol orders 140 million UAH worth of anchoring

The state enterprise Selidovugol has ordered Vostokmash LLC repair valued at 139.93 million UAH.

This year the company will have to repair 167 sections of mechanized anchoring 1Kd-90 at 838 thousand UAH apiece at the Mine Ukraine.

The price of the deal is 0.3% below the expected cost (140.3 million UAH). (Ukrainian metal)