Mariupol Ilyich Iron and Steel Works has finished constructing dust-exhaust systems for the blast-furnace manufacture. The cost of the project was over $31 million. The construction began in August 2019. Soon bag filters will be installed at all blast furnaces. (Ukrainian metal)
In January, Russia’s exports totaled $29.9 billion, down by 7.9% YoY. According to the Federal Tax Service, the share of metal and metal wares was 8.7% (8.6% in January 2019). The share of exports to far foreign countries dropped from 8.1% to 7.5%, but to CIS grew from 13.1% to 18.6%. Exports of aluminum decreased…
In 2019, Kazakhmys mined 30.696 million tons of ore, up by 1.6% from the target. Average copper content in processed ore was 0.94%, while the target was 0.90%. The company produced 245.924 thousand tons of refined copper, up by 1046 tons from the target. Gold ingot output totaled 4428 kg and silver – 223,496 kg.…
Energomashspetsstal has received a qualification order from General Electric. Under the project to produce a low-pressure turbine rotor for the Akkuya NPP third unit, EMSS will manufacture two qualification billets – a shaft with the weight of 54 tons and a disc of 39 tons. A GE representative visited EMSS in mid-February to check manufacturing…
In 2019, Cherepovets Iron and Steel Works repaired 21.28 km of railroads and 70 switches. The company spent 505 million rubles on the work. This year, some 515 million rubles will be spent on the repair of 16 km of railroads and replacement of 91 switches. CherMK also plans to buy 7 new TEM-9 locomotives.…
In January-February, seaports increased cargo transportation by 0.7% YoY, to 132.4 million tons. Dry cargo transportation dropped by 2.3%, to 54.9 million tons. Ferrous metals accounted for 4.5 million tons, down by 11.2% YoY. In particular, Port St. Petersburg increased ferrous metals transportation by 27%, to 1022.6 thousand tons, but the port of Taganrog decreased…
In 2019, Dneprovsky Iron and Steel Works received a net loss of 1.284 billion UAH, as opposed to a net profit of 2.946 billion UAH in 2018. The next shareholders meeting is expected to decide on covering 2019 losses with current income of 2020-2021. The meeting will also have to decide on the sale of…
In 2019, Metalloinvest received $1.731 billion of net profit, up by 5.1% YoY. Revenue dropped by 3.2%, to $6.96 billion. EBITDA decreased by 14.3%, to $2.514 billion. Debt increased by 0.2%, to $4.059 billion. Capital expenses grew by 17.2%, to $517 million. (Ukrainian metal)