Russia: MMSK copper output up in January-September 2018

In January-September Mednogorsk Copper-Sulfur Works produced 35366 tons of raw copper, up by 9.6% from the target. Next year the copper-smelting shop will undergo a reconstruction. In particular it is planned to repair and modernize the Pobeda smelting machine and construct the second stage of the oxygen plant. In order to reconstruct the sulfur acid…

Russia: TMK supplies casing pipes to Gazprom

The Pipe Metallurgical Company has shipped a batch of corrosion-resistant casing pipes of 13Cr steel with TMK UP PF joints to Gazprom to be used at the Kirinskoye deposits.

The pipes have been successfully lowered to the shafts.

The first deliveries of TMK pipes to the deposits were carried out in 2015. (Ukrainian metal)

Russia: NLMK to raise CAPEX in 2019

Russian steelmaker Novolipetsk Steel (NLMK) plans to raise capital expenditures in 2019 from $650-700 million expected in 2018, CEO Grigory Fedorishin said. He said that the company planned to raise capital expenditures in the next two to three years to support capacities, in particular, to rebuild two blast furnaces and two converters. “This way, capital…

Russia: Polyus Aldan reaches highest gold output

On October 22 Polyus Aldan reached the highest level of gold output in the past several decades.

Since the start of the year it has extracted 5 tons of gold.

“In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)

Russia: Evraz sales down in Q3 2018

In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…

Russia: NLMK trading house starts online sales from Kazan warehouse

The NLMK trading house is starting online sales of rebars from its warehouse in the city of Kazan.

The first customers will be provided with a discount from each ton ordered.

The warehouse offers 12 types of rebars in rods and 8 types of rebars in coils.

The minimum order is 4 tons. (Ukrainian metal)

Russia: NLMK EBITDA up in Q3 2018

In Q3 NLMK Group EBITDA growth totaled 11% QoQ, to $1,015 million. EBITDA margin was 32%. Net income grew by 11%, to $646 million. Free cash flow doubled to $638 m. Net debt/EBITDA hit its minimum in a decade of 0.25x. Group revenue in Q3 totaled $3.13 billion (+0.5% QoQ, +23% YoY). The decrease in…