In January-March, Severniy Mining and Processing Works decreased pellets output by 24.4% YoY, to 1.735 million tons. Concentrate manufacture grew by 5.8%, to 3.17 million tons. In March, SevGOK produced 649 thousand tons of pellets and 1.074 million tons of concentrate. (Ukrainian metal)
Interpipe Nizhnedneprovsk Pipe-Rolling Plant has postponed the general meeting of its shareholders scheduled for April 29 due to quarantine and coronavirus. Last year, the company increased its net profit 3.5-fold YoY, to 3.562 billion UAH. Undistributed profit totaled 3.875 billion UAH. This year Interpipe NTZ intends to sell 367.6 thousand tons of pipes and receive…
In January-March, Ukraine produced 81.1 thousand tons of metal structures, down by 29.6% YoY. According to the State Statistics Service, pre-fabricated construction structures of pig iron and steel accounted for 9.13 thousand tons, down by 23.9%, latticed towers and masts of ferrous metals – 618.2 tons, down by 75.7%, metal containers for liquefied gas –…
The Russian aluminum market may contract by more than 30% in 2020 due to the coronavirus pandemic, Roman Andryushin, director of aluminum giant UC RUSAL for sales and marketing, has said. The degree of the pandemic’s impact will largely depend on the length of restrictions. While some European countries have started lifting the restrictions, it…
The state enterprise Vostochniy Mining and Processing Works has ordered Zeleni Systemy LLC the delivery of sulfur valued at 42.85 million UAH. Until July 10 the company has to supply 11 thousand tons of granulated gas sulfur with the purity of 99.95% produced by Kaspiygaz LLC (Russia) at 3895 UAH per ton ($138 per ton).…
In 2019, Zaporizhstal received UAH 3.880 billion of net loss, as opposed to a net profit of UAH 4.053 billion in 2018. Consolidated income decreased by 21.5%, to UAH 46.211 billion. Undistributed profit totaled UAH 18.998 billion. (Ukrainian metal)
In 2019, Kurilgeo LLC, developing gold sites in Sakhalin, received 3.5 billion rubles from the sales, on par with the previous year results. Net profit decreased by 6.4%, to 971.8 million rubles. Tax payments exceeded 1.4 billion rubles, including 1.1 billion rubles of profit tax. Last year, the company produced 1106 kg of gold, down…
Ferrexpo has decided not to apply for tax holidays and will pay taxes to all budgets during the pandemic in full. This decision is aimed at supporting territorial communities to allow them not to cut social programs and have an opportunity to transfer additional funds to health sphere. “We understand, that what we pay to…