The net profit of Russian steelmaker Severstal fell by 23.7% YoY, to $374 million in October-December 2019, while revenue decreased by 12.9%, to $1.838 billion, and EBITDA went down by 23.5%, to $602 million, as sales and prices fell, the company said in a statement on January 31. Free cash flow slumped by 70.5%, to…
The city of Taganrog has sold a land plot with the total area of 18 ha and the main assembly premises of the local car plant for 81.7 million rubles. VtorCherMet LLC was the buyer of TaGAZ. Earlier the assets were estimated at 181 million rubles. TagAZ was founded in 1997 and declared bankrupt in…
In November 2019 Russia exported 38.2 thousand tons of zinc ore and concentrate, up by 4% MoM and by 26% YoY. Deliveries to China grew by 50%, to 23.2 thousand tons, but to Kazakhstan dropped from 21.2 thousand tons to 13.3 thousand tons. In 11 months of 2019 exports totaled 279 thousand tons, down by…
In 2019 Ural Works of Pipes Insulation LLC increased turnover by 35% YoY, from 441 million rubles to 596 million rubles. Sales of pipefittings grew by 21%, to 22.3 thousand pieces. Overall output last year amounted to 40 million rubles. (Ukrainian metal)
In 2019 Volgograd region increased metal output by 13.7% YoY. Cold-drawn unalloyed steel wire manufacture grew by 31%, rolled metal – by 23.8% and steel pipes – by 8.9%. Companies producing metal wares increased output by 17.1%, with ferrous metals structures manufacture growing 1.6-fold, metal doors, windows and frames – by 41.7%, and electrodes with…
Cherepovets Iron and Steel Works has modernized the capacities of its converter No. 3. In particular, the company has implemented an automated system of lining thickness measurement. The converter has received a robot-manipulator with laser scanner. The equipment was supplied by Vesuvius, Process Metrix and PiroMet. Investments in the project exceeded 50 million rubles. (Ukrainian…
ArcelorMittal Kriviy Rih summarized results on safety in 2019. During last year company investments into labor and industrial safety increased by a fourth compared to 2018 and amounted to 503,4 million UAH. Expenditures on each employee exceeded 25 thousand UAH. The company will continue investing into improvement of work conditions, supply of overalls and safety…
Russian oil and gas pipe maker TMK has launched a 5.5-billion ruble heat-treatment complex at pipe-rolling unit No. 1 of the Sverdlovsk region-based Seversky Pipe Plant, the company said in a statement on January 30. The capacity of the up-to-date complex created in association with state-owned nanotechnology company Rusnano is up to 300,000 tons annually.…