Russia: ChTPZ profits up in 2016

In 2016 the net profit of ChTPZ group increased by 5.7%, to 6.357 billion rubles. According to the company statement, its revenues dropped by 9% YoY, to 135.456 billion rubles, EBITDA – by 3%, to 27.9 billion rubles. The net debt of the group decreased by 9.9 billion rubles, or by 76.2 billion rubles, to…

Russia: lead and zinc output down in January-February 2017

In January-February the production of the raw lead dropped by 23.9%, of raw zinc – by 1.7%.

According to the Federal Service of State Statistics, in February raw lead output decreased by 35.7% YoY and by 11.6% YoY, while that of raw zinc – by 4.7% and by 11.6% respectively. (Ukrainian metal)

Russia: Voestalpine becomes OMK supplier

In January Voestalpine supplied 24 thousand tons of plate to Vyksa Iron and Steel Works, a part of OMK. According to the customs statistics, this is 90% of the total 2016 plate imports from Austria. In April 2016 OMK and Nord Stream-2 AG signed an agreement on the supply of large diameter pipes for the…

Ukraine: coal stocks down as of late March 2017

The anthracite coal stocks at the warehouses of thermal power plants decreased by 12.1%, to 513 thousand tons, as of March 27.

According to the Ministry of energy and coal industry, the gas-coal stocks increased by 8.9%, to 1.292 million tons.

260 thousand tons of anthracite are stored at the Lugansk TPP. (Ukrainian metal)

Ukraine: to resume operation at EMZ separatists need $10 million a day

The resumption of the Yenakievo Iron and Steel Works and its Makeevka subsidiary operation is estimated at 584 million rubles a day, according to the so-called ministry of industry of the Donetsk People’s Republic, the terrorist organization, supported by Russia, on the occupied territories of Ukraine. Earlier the chief of the organization Alexander Zakharchenko said…

Russia: KMAruda profits up in 2016

In 2016 KMAruda received 566 million rubles of net profits, up 1.7-fold YoY. According to the company statement its income rose by 7.9%, to 5 billion rubles. “The positive dynamics was provided by the increase in revenue and the concentrate price”, the company said. The works was also able to cut expenses by slightly decreasing…