Russia: aluminum demand to grow

In 2017 world aluminum consumption increased to 64 million tons. According to the Russian Aluminum Association, consumption grew in all industries. In 2018 the construction industry is expected to demonstrate a 5% growth in aluminum consumption. The consumption of aluminum in construction is growing despite the decrease in the volume of housing constructed. This means…

Russia: Ferrum increases capacity

In May the group of companies Ferrum will commission two additional welding lines with the combined capacity of 54 thousand tons per year. According to the company statement, two machines were acquired last October. In particular, the 63-127 machine with the capacity of 36 thousand tons per year will produce 76-108 mm round pipes and…

Russia: Evraz profits in 2017

In 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…

Russia: TMK revenue up in 2017

In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…