Ukraine: UGOK sinter output up in April 2018

In April Yuzhniy Mining and Processing Works produced 1000.3 thousand tons of concentrate, down by 0.1% YoY. According to the company statement, sinter output increased by 7%, to 133.5 thousand tons. In January-April UGOK concentrate output dropped by 0.7% YoY, to 4012.3 thousand tons, while sinter manufacture grew by 13.8%, to 654.9 thousand tons. (Ukrainian…

Russia: MMK IFRS net profit up in Q1 2018

The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) rose by 15.8% YoY, to $279 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on May 8. Revenue increased by 23.8%, to $2.055 billion, while EBITDA grew by 23.9%, to $560 million. (Prime/Ukrainian metal)