In April, Metinvest B. V. revenue dropped by 7.5% MoM, to $954 million. EBITDA was $173 million, down by 6%. Corrected EBITDA of the metal division totaled $53 million ($46 million in March), and of the mining – $151 million ($148 million). Combined revenue comprised metal division revenue of $791 million ($844 million) and mining…
Privatbank has gained another victory in the claim against a guarantor in loan re-financing – this time Marganets Mining and Processing Works. The court proceedings started in 2017. On May 14 Privatbank won in a similar case against Pokrovsky GOK. (Ukrainian metal)
Norilsk Nickel will diversify its manufacture by starting producing spare parts for electric cars. Earlier the company has agreed with BASF to start producing accumulator materials at Harjavalta in Finland in late 2020. “We have a whole layer of new clients coming to the market. This is due to the appearance of new economy industries…
According to the Spetsstal Association, in January-March Zlatoust Electrometallurgical Works was the leader among the Russian bars and pipe billets manufacturers with the share of 46.2% (33.1% in Q1 2018). The company electric steel-smelting shop No. 2 has exceeded its output plan having produced 4650 tons, while the shop No. 3 – 530 tons. The…
Krasniy Octyabr has acted as a prospective supplier of quality rolled metal for new projects on shipbuilding in the Arctics. The company is ready to participate in the construction of a unique winter and summer fleet consisting of hovercraft and ice-resistant platform. The manufacture of parts for construction is scheduled to begin next year. “Krasniy…
Severstal Steel Ropes has presented a new range of elevator ropes at the Russian Elevator Week-2019. The company is demonstrating new Alerion steel ropes characterized by increased service life, including Alerion MC8 ropes with 8-thread metal core. Previously such steel ropes had to be imported. (Ukrainian metal)
Sredneuralsk Copper-Smelting Works has put into operation a new Aspeks system of gas purification in the converter department of its copper shop. Investments in the system implementation reached 300 million rubles. The system has been assembled at all the four converters. (Ukrainian metal)
ArcelorMittal Kriviy Rih carries out its business activities in accordance with effective legislation of Ukraine and expects respective actions and attitude from public authorities and local government bodies. According to article 19 of the Constitution of Ukraine, public authorities and local government bodies, their officials must act only based on and within their powers and…