In November 2019 Metinvest B. V. decreased revenue by 13% MoM, to $693 million. Metal segment revenue totaled $576 million and mining – $188 million. Inner-group sales were at minus $72 million. EBITDA decreased to minus $2 million. Metinvest debt grew by $14 million, to $2.971 billion. (Ukrainian metal)
In 2019 Kazakhstan exported 28.1 million tons of coal, down by 3.8% YoY. According to the Ministry of Industry and Infrastructure Development, the export decrease is due to the drop of coal demand on foreign markets. Exports to Russia went down by 4.1%, to 21.01 million tons, and to far foreign countries – by 23%,…
On February 10, 163 million UAH were transferred to clear salary debts to state miners. According to the Ministry of Energy and Environment Protection, the money will cover December 2019 wages. Among others, the money will be spent to pay wage arrears to the employees of the Mine named after Surgay, Yuzhnodonbasskoye Mine Group No.…
In early February another inspection of products manufactured for the construction of the Kudankulam Nuclear Power Plant was held at Energomashspetsstal. The inspection has been carried out under the program of quality control presupposed by the agreement. EMSS started working on the Indian order in 2016. (Ukrainian metal)
In 2019 Izhstal sold some 48 thousand tons of metal products to car manufacturers, up by 11% YoY. The main customers were GAZ, UAZ, MAZ, Minsk Tractor Works and Kamaz. “The share of car manufacturers in our sales exceeds 19%. We value our partner relations with them and are prepared to enhance them”, Izhstal sales…
In January Krasnoyarsk Railroad transported 7.226 million tons of cargo, down by 9.8% YoY. In particular, transportation of coal decreased by 4.2%, to 5.2 million tons. At the same time the railroad transported 451.7 thousand tons of non-ferrous ore and 76 thousand tons of iron and manganese ore, up by 1.6% and by 6.3% YoY…
In January Kosaya Gora Iron and Steel Works sold 36,431 tons of pig iron, up 1.85-fold YoY. Ferromanganese sales grew by 0.9 thousand tons, to 6.2 thousand tons, while manufacture – by 0.4 thousand tons, to 6 thousand tons. KMZ exports its products to CIS, Europe, Near and Middle East, as well as Asia. (Ukrainian…
On February 7, VSMPO-Avisma held a meeting dedicated to the 60 years of titanium manufacture. The history of the plant began on February 7, 1960. In 2019 the corporation produced the record volume of spongy titanium – 44 thousand tons. (Ukrainian metal)