Russia: Rusal net profit up in Q1 2017

In January-March Rusal increased its net profits by 48% YoY, to $187 million.

According to the company statement, its corrected EBITDA went up by 52.2%, to $475 million, earnings increased by 20%, to $2.297 billion.

Rusal aluminum output in Q1 decreased by 2.1% YoY, to 910 thousand tons. (Ukrainian metal)

Ukraine: AMKR busy implementing new grading salary payment system

On May 10, extensive discussion was held by Chief Executive Officer PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon and Management Committee with the head of Trade Union Yuriy Bobchenko on finding a solution in overall improvement of conditions at work places and discussion on the various matters related to new labor collective agreement and salary increase…

Ukraine: Zaporozhogneupor refractory output up in April 2017

In April Zaporozhogneupor produced 8222 tons of refractories, up by 25% YoY.

In particular chamotte wares output increased by 14%, magnesia wares by 43%, and high-aluminous wares by 14%.

In January-April Zaporozhogneupor exceeded its target by 1%, having increased refractory output to 32444 tons from 32182 tons in January-April 2016. (Ukrainian metal)

Russia: ChMK demanding 19 million rubles from ChKPZ

Chelyabinsk Iron and Steel Works, a part of Mechel, demands the payment of 18.9 million rubles from Chelyabinsk Forge-and-Press Works, owned by the State Duma deputy Valeriy Gartung and his family, and has filed a claim to the arbitrary court.

In February ChKPZ received two claims from ChMK for over 19 million rubles. (Ukrainian metal)

Russia: Staltrans opens new warehouse

Because of the sales growth and to improve servicing Staltrans decided to increase stock capacity and open a new warehouse in Podolsk, Moscow region. The new warehouse will service the company customers in the Central district, as well as other Western parts of Russia. Staltrans also sells metal wares directly from major works and from…

Ukraine: more miners join Kriviy Rih strike

Miners of Krivoy Rog Iron Ore Industrial Complex, ArcelorMittal Kriviy Rih and Evraz Sukhaya Balka are still striking, demanding the increase of salary. According to the chairman of the Independent Miners Union of Ukraine Mikhail Volynets, miners’ wives together with children and other relatives have blocked railroad and stopped sales. At AMKR over 300 miners…

Russia: Ferrum modernizes TESA 51-190 mill

Ferrum has put into operation its modernized TESA (pipe welding) 51-190 mill. The mill produces steel pipe of 219 mm diameter, used mostly in pipelines. The wall thickness is 3-8 mm. Ferrum started manufacturing electric welded pipes in 2015, having put into operation three pipe welding mills with the total capacity of 15 thousand tons…

Russia: MMK net profits up in Q1 2017

The net profits of Magnitogorsk Iron and Steel Works in January-March increased by 53.5% YoY, to $241 million.

According to the company statement, earnings increased by 58.1% YoY because of the higher sales prices (by $249 per ton, or by 76.8%).

EBITDA grew by 106.4%. (Ukrainian metal)

Ukraine: pellets exports in Q1 2017

In January-March Poltava Mining and Processing Works, a part of Ferrexpo, exported 2.527 million tons of iron ore pellets. Ukrainian pellets went to Europe and the Near East, as well as Japan, China and Korea. At the same time Karelsky Okatysh exported 1.459 million tons of pellets, Lebedinsky GOK – 996 thousand tons, Mikhailovsky GOK…

Russia: Tugnuyskaya Factory to increase coal processing

Tugnuyskaya Processing Factory has good prospects of developing. To increase capacity SUEK decided to construct another processing factory. “When the second module of the factory is put into operation, we will increase capacity and create 100 new jobs”, the acting deputy CEO on processing of Tugnuyskaya Factory Igor Shkodin said. The annual processing plan for…

Russia: Stoylensky GOK gets new gyratory crusher from Uralmashzavod

The contract for the new gyratory crusher was concluded after the Uralmashzavod specialists checked the crushing machinery at the processing factory of the Stoylensky Mining and Processing Works. The new machine will replace a similar one, produced by Uralmashzavod and delivered in 1983. The crusher has already been tested and supplied to the GOK. (Ukrainian…