In 2019 Metinvest decreased net profit 3.5-fold YoY, to $341 million. According to the group, revenue dropped by 9%, to $10.757 billion, and EBITDA – by 52%, to $1.213 billion. Capital investments grew by 17%, to $1.055 billion. Total debt increased by 11%, to $3.032 billion, with net debt up by 12%, to $2.758 billion.…
Mariupool Ilyich Iron and Steel Works received the largest VAT reimbursement in February among metal and mining companies – 604 million UAH (673 million UAH in January). According to the State Treasury, it is followed by ArcelorMittal Kriviy Rih with 579.68 million UAH (675 million UAH). Azovstal received 421 million UAH (1.26 billion UAH), Zaporizhstal…
In January average salary in metal industry and the manufacture of metal wares grew by 14.6% YoY and by 2.9% MoM, to 13,838 UAH. According to the State Statistics Service, average salary in the industry increased by 17.2% YoY, to 12,177 UAH. Wages in mining dropped by 12.5%, to 10,727 UAH. (Ukrainian metal)
Beloretsk Iron and Steel Works has produced a batch of galvanized steel ropes for one of the largest ship-builders in Russia – Sevmash. For the first time the company has manufactured ropes with the diameter of 65 mm. 120 tons of new steel ropes were supplied to the customer by Mechel-Service. (Ukrainian metal)
In 2019 Sukremlskiy Pig Iron Castings Works produced over 1.5 thousand tons of socketless pipes, up 3-fold YoY. The output increase is due to the growth of product portfolio (the company mastered the manufacture of 125mm diameter pipes). This year the company intends to increase SML pipes manufacture and expand the size and type range.…
In 2019 Polymetal International plc increased net profit by 36% YoY, to $483 million. Revenue grew by 19%, to $2.246 billion. EBITDA totaled $1.075 billion, up by 38%. (Ukrainian metal)
In December 2019, Russia exported 7.7 thousand tons of aluminum wire, down by 45% MoM and by 29% YoY. In particular, deliveries to Ukraine dropped to 398 tons from 1.5 thousand tons, and to Belarus – to 2.3 thousand tons from 3.4 thousand tons. At the same time exports to Poland grew more than 4-fold,…
ArcelorMittal Temirtau has received a T-20 railroad car pusher from Dneprotyazhmash (Ukraine). The machine has been made to order. Dneprotyazhmash has been producing car pushers for many years, having made several modernizations to the model. (Ukrainian metal)