In January-July Russia produced 3.3 million tons of steel structures, up by 1.3% YoY. According to the Federal Service of State Statistics, July output grew by 2.7% YoY, but dropped by 5.4% MoM. Aluminum structures manufacture in 7 months totaled 34 thousand tons, down by 2.5% YoY. (Ukrainian metal)
The assets of the Revyakinsky Iron and Steel Works in Tula region are being arrested. According to the local media, the enterprise is being raided. Sources say the situation will not affect the works employees. (Ukrainian metal)
In Q2 TMK received $1.355 billion, up by 6% QoQ. Revenue in H1 grew by 28% YoY, to $2.628 billion. EBITDA in Q2 increased by 23% QoQ, to $197 million and by 30%, to $357 million in H1. The company net debt as of June 30 totaled $2.715 billion. (Ukrainian metal)
In January-July Russia produced 36.5 million tons of rolled metal, up by 3.5% YoY. In July output grew by 4.6% MoM and by 5.1% YoY. According to the Federal Service of State Statistics, pig iron manufacture grew by 1%, to 30.4 million tons, with July output up by 4.2% YoY and by 4.5% MoM. Pipe…
An accident happened at the Severniy Mining and Processing Works – in the Pervomaysk quarry an electric tower transporter overturned. As the result of the accident one of the employees received damages. On July 27 two women-painters perished in the collapse of an elevated work platform. (Ukrainian metal)
Coal Energy S.A. in July mined 10.536 thousand tons of coal. This was down by 1.8% YoY and by 13.3% MoM. Coal Energy unites 10 coalmines, as well as other assets. The company business suffered considerably because of the military activities in Donbass. (Ukrainian metal)
The suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…
PJSC ArcelorMittal Kriviy Rih started an active stage of civil works for installation of new equipment of light-section mill No. 250-4. The reconstruction of light-section mill is one of the most extensive at rolling department in the last 20 years. That is one of key projects of the company’s investment program for modernization of production…