In August MMK shipped 994.2 thousand tons of metal via railroad, up by 9.2% YoY. In January-August, according to railroad statistics, sales grew by 1.1% YoY, to 7.2 million tons. Russian customers received 4.68 million tons of metal, up by 8.5%, while exports dropped by 10.5%, to 2.48 million tons. (Ukrainian metal)
In August Evraz-NTMK shipped 310.3 thousand tons of metal via railroad, up by 4.6% YoY. According to the railroad statistics, in January-August sales reached 2.38 million tons, down by 9.2% YoY. Russian customers received 1.35 million tons of metal, up by 3.2%, while exports fell by 21.6%, to 1.03 million tons. (Ukrainian metal)
Russdragmet LLC (a part of Highland Gold Mining Ltd) in January-June sold $146.9 million worth of precious metals. Net profit grew by 10.5% YoY, to $28.6 million. Gold sales dropped by 6%, to 121.2 thousand ounces. EBITDA totaled $71.4 million, down by 2.5%. (Ukrainian metal)
In August Krasniy Octyabr had to produce 2500 tons of rolled metal, but in fact manufactured 2625 tons. For September the company output plan is 2800 tons. The goals set by the company management have been met. Krasniy Octyabr supplies high-quality steel products to all its foreign customers in time. (Ukrainian metal)
MMK is reconstructing its hot-rolling mill-2500 in the sheet-rolling shop No. 4. The project will increase the size and grade portfolio of the mill and improve the quality. The capacity will grow from 4 to 5 million tons of metal per year. (Ukrainian metal)
Since the start of the year UralKuz has shipped 100 thousand tons of metal products, up almost 2-fold YoY. Railroad car and locomotive axles account for the major part of sales. “The increase in sales has to do with the high demand for our products on the market, mostly from the railroad companies. We have…
The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…
Novocherkassk Electrode Works has commissioned a new pitch impregnation line. According to the company managing director Yevgeniy Churikov, this will allow decreasing the capacity of grafitized electrode manufacture 2-fold. The modern autoclaves’ pressure on pitch is 40% higher than in the existing machinery, which makes the structure of the electrodes more solid. The cost of…