The net profit of VSMPO-Avisma fell by 0.9% YoY, to 8.716 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a report on July 26. Revenue increased by 5.7%, to 38.282 billion rubles. Titanium sales grew by almost 6%, to 15,000 tons in the period. (Prime/Ukrainian metal)
In January-June companies received 2.081 million tons of rolled metal, with 653.3 thousand tons, or 31.4% imported. In H1 2017 the market consumed 1.971 million tons of rolled metal, with 575.3 thousand tons, or 29.2% imported. Thus, rolled metal consumption increased by 5.6%, with the import share up by 13.6%. Bars accounted for 48.6% and…
The magnetite (iron ore) concentrate drying shop of the Bystrinsky Mining and Processing Works has been commissioned. The first batch of the dry iron ore concentrate will be shipped on October 1. Concentrate drying to decrease its moisture will be carried out from October till April. The shop has three drying cylinders with the capacity…
Mechel-Service has supplied 300 tons of beams for the construction of 2 sports facilities in the city of Novosibirsk: the center of the artistic gymnastics and the volleyball arena. The beams were produced at the Chelyabinsk Iron and Steel Works on the rail and beam mill commissioned in 2013. ChMK also supplies rebars and sheets…
In January-June Russky Ugol mined over 1.6 million tons of coal in Amur region, up by 5% YoY. The Severo-Vostochny pit, the oldest coalmining enterprise in the region, exceeded the output target by 25%. The mining there started in 1932. (Ukrainian metal)
Severstal has mastered the manufacture of polymer-coated rolled metal with the colored backside. Thanks to using protective colored enamel on the backside instead of the traditional grey, the cost of the final product becomes lower compared with the double-sided coating. Another novelty is the Steel Cashmere – GRS (glide rain slim). This is galvanized metal…
In January-June Vyksa Iron and Steel Works produced over 425 thousand tons of railroad wheels. The increase in the output is the result of the growing demand, including from the main customer – the Russian Railroads. “The works capacities allow quickly reacting to the changes on the market. Thanks to the efficiency of the manufacture…
In January-June KAZ Minerals increased copper output by 18% YoY, to 139.6 thousand tons. The main driver of the growth was the higher processing at the Aktogay factory. In Q2 the company reached its design capacity. In H1 Bozshakol GOK produced 49.8 thousand tons of copper, Aktogay GOK – 60.5 thousand tons, and Bozumchak mine…
