In July ArcelorMittal Kriviy Rih received the largest VAT reimbursement in the amount of 1.05 billion UAH as opposed to 848.4 million UAH in June. According to the State Treasury Service, Mariupol Ilyich Iron and Steel Works received 725.87 million UAH (870.92 million UAH in June) and Zaporizhstal – 544.05 million UAH (606.8 million UAH).…
In January-June Belarus Iron and Steel Works received Br 1.55 billion of revenue, up by 8.1% YoY. Sales loss amounted to Br 19.1 million as opposed to a profit of Br 139.3 million a year earlier. Net profit went up 2-fold, to Br 17 thousand. The company fixed liabilities since the start of the year…
In May Russia exported 26.6 thousand tons of ferrosilicon, down by 23.2% MoM and by 23.7% YoY. Deliveries to Japan dropped by a third, to 30%, and to Korea – almost 3-fold, to 2.5 thousand tons. The Netherlands increased purchases of the Russian ferrosilicon by 18%, to 8 thousand tons. In January-May Russia exported 160…
Olkon has purchased a license to develop the Pechegubskoye deposit. The reserves are estimated at 80 million tons of iron ore. “The purchase of the license is an important step for the development of the Olenegorsk GOK. We will start design work soon”, Olkon managing director Denis Golubichniy said. Additional prospecting work at the deposit…
In January-June TMK decreased pipe sales by 3% YoY, to 1.989 million tons. In particular, the sales of seamless and welded pipes dropped by 3% and by 4% respectively. At the same time the sales of large-diameter pipes increased by 48%. Sales of OCTG pipes remained almost unchanged at 948 thousand tons, growing in Russia…
In July Russian Railroads transported 108 million tons of cargo, up from 101.6 million tons in June. In January-July throughput totaled 741.6 million tons, down by 1.3%. Iron and manganese ore accounted for 69.3 million tons, up by 3.3%. Transportation of ferrous metals dropped by 4%, to 44.2 million tons, and scrap – by 0.1%,…
The shareholders of the Russian aluminum producer RUSAL voted for re-registration of the company to Russia from the Jersey Island at an extraordinary meeting on August 1, according to a statement on the Hong Kong Stock Exchange. After changing the jurisdiction, the company will attain an international status and will be able to carry foreign…
In January-June Ferrexpo received $270.35 million of net profit, up by 77.6% YoY. The growth is mostly due to the higher ore prices and the increase of sales. Revenue went up by 28%, to $787 million, and EBITDA – by 59%, to $372 million. (Ukrainian metal)
