Azovstal Iron and Steel Works will completely reconstruct its blast furnace shop. According to the company statement, by 2021 some 900 million UAH will have been invested in the environment modernization. 2 years ago Azovstal completed the reconstruction of the blast furnace No. 4, which is now one of the up-to-date and environment-friendly furnaces in…
The Arbitrary court of Sverdlovsk region will consider the claim of Sortstal on being declared bankrupt. The court received the relevant document on August 24. According to it, the volume of claims is 49.87 million rubles. Sortstal was registered in 2004. Its main activities were wholesale of fuel, ore and chemical materials. (Ukrainian metal)
In January-June Nordgold net profit decreased by 17% YoY, to $56.2 million. According to the company, the revenue dropped by 3%, to $589.7 million. EBITDA went down by 8%, to $246.2 million. In Q2 net profit decreased 3.1-fold QoQ, to $13.9 million The revenue dropped by 3%, to $289.6 million, and EBITDA – by 5%,…
The ChTPZ Group has concluded a 5-year contract with Globaltrans. The document has been signed by ChTPZ CEO Boris Kovalenkov and Globaltrans CEO Valeriy Shpakov. According to the agreement, the New Transport Company, a part of Globaltrans, will be responsible for pipe transportation. Thus, the Globaltrans share in ChTPZ transportation will increase from 30% to…
In January-June Russia exported 3.3 million tons of pig iron, up by 34.6% YoY, valued at $1106 million, up by 48.6%. According to the customs statistics, US imported the most pig iron (51.4%, up by 6.1%). Hong Kong started importing Russian pig iron in late 2017 and in 6 months purchased 478 thousand tons. Italy…
The governor of Donetsk region Alexander Kuts has discusses with the directors of mines, mayors of mine towns, representatives of power suppliers, Pension Fund, etc. what to do to make the state coal enterprises profitable. “At present there are 15 state coalmining enterprises in the region. As of August 23 they have mined 1.3 million…
In July Ukraine increased steel output by 11.4% YoY, to 1.82 million tons, but dropped to the 13th place from the 12th in the Worldsteel rating. The first place is traditionally occupied by China (81.24 million tons, up by 7.2%). Iran took Ukraine’ place, having produced 1.98 million tons of steel, up by 13.2%. In…
In January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles. According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles. The company does not comment on the reason of the decrease. (Ukrainian metal)