In 2019, Mechel increased net profit by 25% YoY, to 5.33 billion rubles. In 2016, profit was 15 billion rubles, while in 2014 the company saw a loss of 3 billion rubles. Revenue dropped by 9%, to 112.99 billion rubles. Sales profit decreased from 13 billion rubles to 3 billion rubles. (Ukrainian metal)
Turkey’s export of steel to Georgia from January through February made up $19.4 million, up by 16.2% YoY, Turkey’s Ministry of Trade reported. Turkey’s export of steel to Georgia in February increased to $10.6 million, or by 38.3% YoY. (Trend/Ukrainian metal)
Beloretsk Iron and Steel Works has supplied trial batches of steel ropes with polymer to Chelyabinsk Iron and Steel Works and Izhstal. Such ropes are used in crane machinery. BMK has produced new 8-strand ropes with polymer coating of metal core according to European standards. One of the ropes, with the diameter of 24 mm…
Norilsk Nickel has decreased its forecast of the global palladium shortage in 2020 to 0.2 million ounces due to the spread of the coronavirus. In February, the company forecast the shortage on the level of 0.9 million ounces. But uncertainty in the balance of demand and offer arose due to the coronavirus resulting in the…
In 2019, Energomashspetsstal received net profit of 866.37 million UAH as opposed to a net loss of 293.62 million UAH in 2018. Uncovered losses totaled 7.24 billion UAH (8.139 billion UAH in 2019). In 2018, EMSS decreased losses 3.2-fold YoY. The profit received will be spent to cover previous losses. The company assets have grown…
The acting minister of energy Vitaliy Shubin claims the miners have received funds in the amount of 327 million UAH. This was stated at the meeting with the directors of state coal enterprises. The miners have received salary for 2019 and February 2020. (Ukrainian metal)
The Moscow Exchange switched the trade of Norilsk Nickel’s shares to a discrete mode at 2:08 p.m., Moscow time, on March 24, after a more than 20% price rise within 10 minutes in a row. Norilsk Nickel jumped by 14% earlier in the day on the back of a better mood of the global market…
ArcelorMittal Kriviy Rih, the largest mining and metallurgical plant in Ukraine, continues to implement precautions to protect its employees and ensure the uninterrupted manufacture. Under conditions of worsening of the epidemiological situation, ArcelorMittal is forced to reduce production at many own companies around the world, but working diligently to prevent them from complete shutdown and…