Russia: ChTPZ net profit up in H1 2018

In January-June ChTPZ received 5.621 billion rubles of net profit, up 2.7-fold YoY. The adjusted EBITDA grew by 48%, to 16.238 billion rubles. Revenue went up by 31%, to 94.941 billion rubles, and gross profit – by 36%, to 23.477 billion rubles. The company net debt grew by 8.6% and as of June 30 amounted…

Russia: Severstal the first to produce damping steel

Severstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…

Ukraine: AMKR supplies rolled products for construction of wind power plants

PJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…