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…
Krasniy Octyabr Iron and Steel Works intends to implement industrial tourism programs. According to the company management, this will help solve the employee shortage problem. At present the company lacks operators of bridge cranes and excavators. Industrial tourism is not developed in Volgograd region – only a handful of food industry plants participate in the…
Uralelectromed is finishing concrete works to create the foundation for the third stage of the copper electrolysis shop. The third stage will operate using stainless steel cathodes, just like the previous two stages. It will have a circulation system of 224 electrolyzes baths. The first stage was commissioned in February 2012. Its capacity was 160…
Mechel-Service has supplied over 5.1 thousand tons of rebars for the construction of the largest medical center of Moscow in the village of Kommunarka. The size of the center will exceed 150 thousand square meters. A500C rebars manufactured at Chelyabinsk Iron and Steel Works are used in the construction. (Ukrainian metal)
The Raspadskaya mine of the Raspadskaya Coal Company has commissioned a new long face 5a-7-34. Until the end of the year the company intends to mine over 600 thousand tons of coal. Reserves of the long face amount to 3 million tons of coking coal. The long face will be in development until the end…
The authorities of the Orenburg region have discussed the intent of Novotroitsk Iron and Steel Company LLC to start producing ferroalloys (ferrochrome and ferroaluminum) in Novotroitsk. The capacity is estimated at 1155 tons of ferroalloys per year. The total cost of the project exceeds 24 million rubles. More than 20 jobs will be created. The…
ArcelorMittal Kriviy Rih shareholders have voted to pay dividends of 10.845 billion UAH. The dividends are 2.81 UAH per ordinary share. The terms of the payment will be later determined by the supervisory board. Last time AMKR paid dividends in 2007. (Ukrainian metal)
The steel output of Severstal remained almost flat YoY at 9.133 million tons in January-September, the company said in a statement on October 11. Cast iron output went up by 3%, to 7.125 million tons in the period. Consolidated sales of steel products remained flat at 8.503 million tons. In July-September steel output shrank by…
