The net profit of the Russian aluminum giant UC RUSAL fell by 47.4% YoY, to $819 million in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on November 8. The adjusted net loss amounted to $132 million after an adjusted net profit of $873 million a year ago.…
In September molybdenum concentrate manufacture in Armenia reached 1330 tons, down by 12% MoM, but up by 60.7% YoY, and ferromolybdenum – 668 tons, up by 33.9%, but down by 9.4% respectively. Concentrate output in 9 months amounted to 11 thousand tons, up by 31.8% YoY, and ferromolybdenum – 5600 tons, up by 12.9%. (Ukrainian…
Dneprovsky Iron and Steel Works has finished the capital repairs of its coke-oven battery No. 5 and switched to battery No. 4. In spring 2020 repair will start at the first and second complexes of coke-oven batteries, planned to be finished in December 2020. Investments will reach $13 million. Coke output will grow by 26%,…
In January-September ArcelorMittal Kriviy Rih capital expenses exceeded $282 million. Until the end of the year the investments are expected to reach $390 million. This year the company has finished the reconstruction of its small-section mill No. 250-4 having invested over $50 million. The new continuous casting machine No. 3 is undergoing hot tests, and…
In August Russia exported 15.6 thousand tons of aluminum wire, up by 4% MoM and by 38.4% YoY. Deliveries to Poland grew 5.5-fold MoM, to 2.2 thousand tons. Exports to Belarus remained unchanged at 2.7 thousand tons, while to Switzerland dropped by 40%, to 3.6 thousand tons. In 8 months exports totaled 110.1 thousand tons,…
In short-term Uzvtorzvetmet intends to enter the markets of the Asian-Pacific region, accounting for half of the global population. The company is already negotiating with partners in China, India, Malaysia, Indonesia and Singapore. A delegation from Thailand has recently visited Tashkent. The Thai Win Global Metal Co wants to buy aluminum from the company. The…
ArcelorMittal Distribution Solutions Vostok (Moscow, Russia) manufacturer and supplier of ferrous and stainless steel rolled metal in Russia, is shutting its office in Kyiv. The decision was taken on August 6. The company was registered on May 28, 2009. In Ukraine ArcelorMittal owns ArcelorMittal Kriviy Rih as well as a number of smaller companies. (Ukrainian…
In October Azovstal was the largest recipient of VAT. According to the State Treasury Service, the company received 823.78 million UAH. It was followed by Mariupol Ilyich Iron and Steel Works (635.96 million UAH) and Poltava Mining and Processing Works (586.958 million UAH). (Ukrainian metal)
