A mechanic-repairman has perished at Azovstal. On May 17, he was replacing an electric engine on the third floor of the coke shop. As a result of a hit by an 8-meter long pipe he died. The prosecutor’s office is investigating the accident. (Ukrainian metal)
In April, Ukraine exported 583.4 thousand tons of carbon steel semi-finished products, up by 8.2% MoM, valued at $225.04 million, up by 4.29%. According to the State Fiscal Service, in January-April exports totaled 2.38 million tons at $990 million. The share of semis in Ukraine’s exports reached 6.05%. Italy accounted for 30.6% of purchases, Egypt…
This year Ferrexpo intends to invest $300 million in its own development. According to the group owner Konstantin Zhevago, next year investments are planned on the level of $220 to $300 million, depending on the market situation. In 2018 Ferrexpo decreased net profit by 15% YoY, to $335.22 million, increasing its revenue by 6.4%, to…
This year Zimovichi intends to extract 150 kg of alluvial gold. This volume is on par with the previous year output. The company will be operating at three sites – in the Amunakit, Verkhnyaya Larba and Tynda river valleys. The washing season has not started yet because of the low temperature. (Ukrainian metal)
In January-March, Seligdar revenue dropped by 12.3% YoY, to 18.83 million rubles, with gold sales revenue down by 61.7%, to 2.313 million rubles. Sales losses totaled 72.106 million rubles. This year the company fell to the gross loss of 3.62 million rubles from the gross profit of 4.25 million rubles in Q1 2018. The net…
Stangold LLC has started the washing season and intends to extract 60 kg of gold. According to the company, output has remained unchanged since 2017. Since 2011 the company has been annually developing the alluvial gold sites at the Verkhniy Sirik Brook. Reserves are estimated at 96.8 kg of gold. (Ukrainian metal)
In January-March, TMK EBITDA grew by 9% YoY, to $175 million. According to the company statement, revenue dropped by 1%, to $12.57 billion, with gross profit up by 6%, to $235 million. Compared to Q4 2018, EBITDA fell by 2%, and revenue by 1%, while gross profit increased by 5%. As of March 31, the…
PJSC Magnitogorsk Iron and Steel Works’ (MMK) new hi-tech sinter plant, the second stage of which is scheduled for commissioning in the near future, is expected to add an additional c. $40 million to the company’s EBITDA per year. In addition to the increased productivity, the unit should significantly decrease MMK’s environmental impact. The news…
