Ukraine: Interpipe losses down in H1 2019

In January-June Interpipe received $125.44 million of EBITDA, up by 37.4% YoY. The pipe segment grew 2.8-fold, to $44.51 million, and railroad wheels – by 62.2%, to $60.23 million. At the same time in steel manufacture EBITDA fell by 49.1%, to $20.01 million. Revenue in H1 totaled $557.17 million, up by 2.7%. In particular, railroad…

Russia: joint finishing of Ajaokuta steel plant discussed with Nigeria

Russia and Nigeria are discussing joint finishing of construction of Africa’s largest steel plant Ajaokuta, Nigerian ambassador to Russia Steve Davies Ugbah reported. “The president of Nigeria will come to Russia with a large delegation on October 23–24. They will consider singing contracts in various spheres, including mineral production, infrastructure development, contracts in the oil,…