Average volumes of purchases by Severstal exceed $6 billion a year. 50% account for machinery and services, and 50% – for scrap, raw materials and energy resources. Overall the group purchases are divided into over 100 categories (ferroalloys, refractories, machinery, etc.). As Severstal investment program is growing, so are the purchasing quantities. (Ukrainian metal)
In January, Russia exported 1.2 thousand tons of ferrotitanium, down by 21% MoM, but up by 10% YoY. Price dropped by 3%, to $2073 per ton. Deliveries to the Netherlands decreased from 985 tons to 803 tons, to China – by 69%, to 55 tons, and to Hong Kong – by 60%, to 80 tons.…
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)