Russia: Evraz declares record-high profit in H1 2018

Net profit of Evraz in January-June grew to $1.145 billion from $86 million in H1 2017.

Free money flow increased from $549 million to $661 million, while the debt dropped by $646 million, to $4.786 billion.

Consolidated EBITDA went up by 65.5%, to $1.906 billion. (Ukrainian metal)

Ukraine: Ukrvtorchermet completes restructure

Ukrvtorchermet has finished restructuring liabilities to the state Oschadbank.

The amount of the liabilities is not disclosed.

The company procures and processes ferrous metals scrap and waste. (Ukrainian metal)

Ukraine: AMKR against hidden tariff increase by Ukrzaliznytsia

Andrey Moroz, Head of External Logistics of PJSC ArcelorMittal Kriviy Rih, spoke about forced increase of own wagon fleet; about the tariff policy of Ukrzaliznytsia and how it impacted transportation and infrastructure of the railways of Ukraine. – All Ukrainian carriers suffer from lack of wagons. How does PJSC ArcelorMittal Kriviy Rih manage? – This…

Russia: NLMK buys construction institute

NLMK has purchased 100% shares of Ural Research-Scientific Institute of Architecture and Construction (UralNIIAS).

In 2016 the institute revenue grew 2.4-fold, to 162.9 million rubles, with net profit at 10.25 million rubles, up from 28.8 million rubles of losses in 2015.

In H1 NLMK increased net profit by 63.1% YoY, to $1.083 billion. (Ukrainian metal)

Ukraine: Selidovugol miners paid 30 million UAH

On August 6 the miners of the state enterprise Selidovugol were partially paid their salary debts.

According to Mikhail Volynets, the chairman of the Independent Miners Union, 30 million UAH was used to pay April and 50% of May salary.

Still, there is a debt of June and July salary. (Ukrainian metal)

Russia: Krasniy Octyabr finishes mill-1150 modernization

In July Krasniy Octyabr carried out large-scale repairs on the mill-1150.

The replacement of 118 bearings in roll-tables allowed decreasing the time to supply ingots, while at the same time increasing the speed of metal cutting.

The repair of the soaking pits in the furnace bay significantly reduced company gas consumption. (Ukrainian metal)

Kazakhstan: AMT sued for environment legislation violations

The Department of ecology of Karaganda region has sued ArcelorMittal Temirtau for violation of the environment-protection legislation.

The unscheduled inspection of the works revealed a number of violations. In particular, the company air pollution exceeded the allowed limits.

The total damage to the environment is estimated at 1.395 billion tenge ($4 million). (Ukrainian metal)

Russia: Rusal profit down in Q2 2018

In April-June Rusal decreased net profit by 31% QoQ, to $218 million, but increased it by 8% YoY.

In H1 net profit grew by 15% YoY, to $535 million.

Quarter revenue dropped by 18% QoQ, to $2.25 billion, but went up by 4% YoY, to $4.99 billion in H1. (Ukrainian metal)