Russia: UralKuz sales up in H1 2019

In January-June Uralskaya Kuznitsa increased sales of railroad locomotive axles by 71% YoY. Sales of stainless steel heat-resistant and high-alloy stampings grew by more than 30%. The company is increasing sales of such stampings to power machinery and defense enterprises, including under state contracts. UralKuz revenue went up by 13%, and net profit – by…

Russia: PMH output up in H1 2019

In January-June PMH, one of the world major suppliers of pig iron and the largest manufacturer of coke in Russia, increased output. Thus, pig iron manufacture grew by 2% YoY, to 1.223 million tons, coal concentrate – by 1%, to 1.213 million tons, and 6% moisture coke – by 13%, to 1.373 million tons. At…

Russia: NLMK Group revenue down in Q2 2019

NLMK Group has published its Q2 financial results. Revenue decreased by 10% YoY, due to lower sales volumes (-3%) as a result of overhauls at NLMK Lipetsk blast furnace (BF) and basic oxygen furnace (BOF) operations, and lower sales prices. Group revenue decreased by 3% QoQ, to $2.8 billion. The decrease in output was partially…