Mining and metal companies are the best employers in Russia, according to the Forbes rating. The first place is occupied by Norilsk Nickel. It is followed by the gold-extracting Polyus. Polymetal has also entered the top-5. Severstal is on the 14th position, Russian Copper Company – on the 29th, NLMK – on the 36th, MMK…
In July-September Mechel increased coal output by 15% QoQ, to 5.29 million tons. In 9 months mining dropped by 7%, to 13.429 million tons. Pig iron manufacture in Q3 decreased by 7%, to 794 thousand tons, and in January-September – by 10%, to 2.52 million tons. In Q3 Mechel produced 888 thousand tons of steel,…
In September Russia exported 2.1 thousand tons of ferrotitanium, up by 16.5% MoM and by 47.7% YoY. Deliveries to the Netherlands grew by 3%, to 1.3 thousand tons, to Germany – by 66%, to 110 tons, and to China by 55%, to 420 tons. In 9 months exports totaled 14.4 thousand tons, up by 18%…
In January-September Vysochaishiy received 9.4 billion rubles of revenue, down by 6.2% YoY. Sales profit fell 3-fold, to 1.35 billion rubles. Net profit decreased by 24.5%, to 1.8 billion rubles. Debts as of September 30 totaled 3.49 billion rubles as opposed to 5.63 billion rubles in late 2018. (Ukrainian metal)
Uchaly Mining and Processing Works has modernized the technological line of the grinding and mixing unit at the Uzelginskiy mine. An ultra-fine screening mill has been added to the existing line of fill rock. The mill will help reduce cement consumption by 30-50%. When this target is reached, the new technique will be applied at…
In July-September Mechel received 74.9 billion rubles of revenue, down by 5% QoQ and by 6% YoY. In 9 months revenue decreased by 4% YoY, to 228.2 billion rubles. EBITDA in Q3 dropped by 9% QoQ and by 29% YoY, to 15 billion rubles. Losses accountable to the shareholders in July-September amounted to 571 million…
Azovstal and Mariupol Ilyich Iron and Steel Works are transferring their employees from order-free departments to decreased working week. The administrative employees and manufacturing workers will now have a working week of 32 hours. The order is valid until March 31, 2020. Moreover, the business trips are suspended and the employees will not receive premiums.…