Due to the implementation of energy saving techniques Abinsky Electrometallurgical Works was able to considerably increase output. In November 2017 the arc furnace shop suspended operation due to the breakdown of the arc furnace transformer. In March the operation was resumed, and the works reached the full capacity again. One of the records was set…
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)
Tau-Ken Altyn gold refinery produced more than 10 tons of pure gold in the first six months of 2018. “The gold refinery sent more than 10 tons of 9999 refined pure gold bars to the National Bank,” its representative Muratbek Zhanas declared. “This year the Tau-Ken Altyn refinery is expected to refine and sell 20…
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)
In Q1 DCH Group paid the last $15 million to Evraz from the amount on the deal to buy Sukhaya Balka plus $3 million of dividends. Evraz started the selling procedure in May 2017. The deal had to be closed by the end of the year, but as of December 1, 2017 Evraz had received…
In January-July Azovstal produced 2.368 million tons of rolled metal up by 10.4% YoY. According to the company statement, steel output grew by 2.1%, to 2.488 million tons, and pig iron – by 6.4%, to 2.289 million tons. In July Azovstal produced 266 thousand tons of rolled metal, 307 thousand tons of steel and 289…
In January-July Dneprovsky Iron and Steel Works, purchased in early March by DCH, produced 441 thousand tons of rolled metal, up by 11% YoY. According to the company statement, steel output increased by 4%, to 505 thousand tons, while that of pig iron dropped by 18%, to 485 thousand tons. In July DMZ produced 37…
In January-July Ukraine increased revenue from the export of ferrous metals by 30.5% YoY, to $6.2 billion. According to the State Fiscal Service, ferrous metals accounted for 23.07% of the total export revenue in the period as opposed to 19.91% last year. In July revenue reached $802.25 million. Ferrous metals imports in 7 months grew…