In April-June ArcelorMittal Kriviy Rih received $447 million of net loss as opposed to $1.865 billion of net profit in Q2 2018. EBITDA fell to $1.555 billion from $3.073 billion. Revenue decreased from $19.998 billion to $19.279 billion. Sales grew by 4.8%, to 22.8 million tons, and in H1 – by 3.5%, to 44.6 million…
Since the start of the year the Zapolyarnaya mine of Vorkutaugol has extracted 1 million tons of coking coal. Zapolyarnaya has become the third mine this year, following Vorshagorskaya and Komsomolskaya, to have exceeded the 1-million mark. At present 2 breakage faces are operated at the mine. In September the third one will be commissioned,…
United States International Trade Commission has decided not to cancel antidumping duties on the carbon flat hot-rolled steel originating from Ukraine, as well as China, India, Indonesia, Taiwan and Thailand. The decision has been taken under the third 5-year sunset review. US for the first time imposed a 90.33% antidumping duty on Ukrainian hot-rolled metal…
The mines of the state enterprise Toretskugol have been left without electricity, coal mining has stopped. The enterprise employs 2708 people. The cost of electricity accounts 40% of all the industrial expenses at Toretskugol. (Ukrainian metal)
Severstal has confirmed the certificate of correspondence of its B500B rebars with the diameter of 10 to 40 mm to DIN 488:2009 requirements. Since last year the technological personnel at Cherepovets Iron and Steel Works has been analyzing the quality of the rebars at a special optical stand. This has been noted by a Prufstelle…
NLMK Group, a global steel company, is migrating its online marketplace https://nlmk.shop/ and customer service to SAP C/4HANA platform (formerly known as SAP Hybris), a part of SAP Customer Experience solutions portfolio, to enable prompt delivery of a wide range of steel products and a unique customer service offer. NLMK’s e-marketplace for SME’s https://nlmk.shop/ was…
NLMK Group, a global steel company, has signed cooperation agreements with leading players in the steel trading market: Metallservis and Steel Industrial Company, whose total sales in 2018 amounted to 4.3 million tons of steel products. As part of the partnership, traders will be able to showcase their entire product range through NLMK’s https://nlmk.shop/ online…
The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) fell by 25.9% YoY, to $497 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 1. Revenue went down by 7.8%, to $3.835 billion in the period. Earnings before interest, taxes, depreciation, and amortization…
