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…
In January-February, ArcelorMittal Kriviy Rih decreased steel output by 10.4% YoY, to 843 thousand tons. Rolled metal manufacture grew by 12.7%, to 845 thousand tons, but that of pig iron dropped by 6.3%, to 859 thousand tons. The company produced 1.554 million tons of sinter, down by 5.8%, 444 thousand tons of coke, down by…
In January-February, Zaporozhye Iron Ore Complex increased output by 1.4% YoY, to 749 thousand tons. In February, manufacture grew by 4.7% MoM, to 383 thousand tons. In 2019, the enterprise produced 4.563 million tons of ore, up by 0.3% YoY. (Ukrainian metal)
In 2019, Pokrovskoye Mine Group received a net profit of 925.01 million UAH. Undistributed profit as of late 2019 amounted to 2.636 billion UAH. Accounts payable grew almost 2-fold, to 416.497 million UAH. The value of assets increased by 5.4%, to 14.848 billion UAH. (Ukrainian metal)
In 2019, VSMPO-Avisma received $321.02 million of net profit, up by 31.3% YoY. Revenue grew by 0.7%, to $1.629 billion, but EBITDA fell by 13.4%, to $562.75 million. In ruble equivalent net profit totaled 20.782 billion, up by 35.3%. Revenue grew by 4%, to 105.4 billion rubles, but EBITDA dropped by 10.6%, to 36.43 billion…
In February, Bratsk Ferroalloys Works, a part of Mechel, increased ferrosilicon output for exports. Silicon content is not less than 75%. FS75 ferrosilicon manufacture increased by 18% YoY. The priority export destinations are Asian and Pacific Region countries. (Ukrainian metal)
In 2019, Yuzhuralnickel, a part of Mechel, received 142.2 million rubles of net profit. In 2018, the net profit was 478 million rubles. Revenue grew 1.5-fold, to 198 million rubles. Sales losses totaled 71 million rubles, down from 145 million rubles in 2018. (Ukrainian metal)
