Ukraine: Metinvest EBITDA up in February 2017

In February Metinvest increased EBITDA 3.6-fold YoY, to $151 million.

According to the company statement, the result is down by 2.6% MoM.

The group revenues in February increased by 40.6% YoY, to $592 million, but decreased by 1% MoM. (Ukrainian metal)

Russia: Norilsk Nickel announces preliminary consolidated production results for Q1 2017

Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the first quarter of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the Q1 production results: “The decline in metal production volumes in the first quarter was scheduled as it was resulting primarily from…

Ukraine: Interpipe NTZ income down in 2016

In 2016 Interpipe Nizhnedneprovsk Pipe Works decreased net income by 11.6% YoY, to 5052.242 million UAH. The works net losses increased by 40.3%, to 1136.428 million UAH. Last year Interpipe NTZ produced 100.993 thousand tons of seamless pipes (96.994 thousand tons in 2015), 43.297 thousand tons of casing pipes (57.072 thousand tons), as well as…

Tajikistan: blackout cost TALCO $8 million in 2016

Last year’s blackout has reportedly cost the Tajik Aluminum Company (TALCO) more than $8 million. Over the first two months of this year, Tajik aluminum smelter has reduced aluminum production by 36.3% YoY, according to the Ministry of Industry and New Technologies (MoINT). In January-February, TALCO produced only 16,300 tons of primary aluminum, down by…

Russia: ferrous scrap imports from Kazakhstan up in January-February 2017

In January-February Russia imported 78.1 thousand tons of ferrous scrap from Kazakhstan, up 2.4-fold. This is also the highest result for the last several years.

Chelyabinsk region imported 46% of Kazakh scrap, Krasnoyarsk krai – 32%, and Saint Petersburg – 8%. (Ukrainian metal)

Ukraine: AMKR to spend UAH 2.7 billion of 2016 profit on production development

PJSC ArcelorMittal Kriviy Rih (Dniepropetrovsk region) will not pay dividends for 2016, but will direct net profit in the amount of UAH 2.704 billion for development of production. According to a plant press release, this decision was made at an annual general meeting of shareholders on April 27. The shareholders heard the reports of the…

Russia: Mechel not taking into account DEMZ assets

Mechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…

Russia: NLMK Board approves AGM agenda

The Board of Directors of NLMK Group, an international steel company with operations in Russia, the EU and the USA, held a meeting on April 28, during which the agenda for the Annual General Shareholder Meeting (AGM) to be held on June 2, was approved. The list of persons entitled to participate at the AGM…