Beloretsk Iron and Steel Works has been awarded the status of the “Perfect Supplier” by one of the largest machine-building enterprises of Russia – Transpneumatica. In 2017 the works increased supplies to the company 1.5-fold YoY. When awarding the status, the customer evaluated the availability of the certified quality management system, the quality of the…
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…
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…
U.K.-based mining giant Evraz, which operates mainly in Russia, has signed a deal to sell a facility in Ukraine to group DCH for $106 million, the company said in a statement on March 1. The payments will be made in several tranches with the initial $25 million payment to be made five days after signing…
The period of temporary state regulation of coal prices in Kyrgyzstan has expired, the State Agency of Antimonopoly Regulation reported. To curb the growth of coal prices, meet the needs of socially vulnerable citizens and timely provide the population with coal in the autumn-winter period, state regulation of coal prices for a period of 90…
Vyksa Iron and Steel Works has automated the management of warehouse stocks. The company has implemented a system to decrease stocks and risks of shortage of the most popular products. With the help of the system VMZ was able to decrease its stocks by 100 million rubles. “VMZ has created a modern and flexible system…
The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm. The company also carries stocks of other beams made of S255 and S345 steel. The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)
Zagorsky Pipe Works and POSCO (South Korea) have agreed on the delivery of 60 thousand tons of rolled sheet for the manufacture of pipes. The price of the deal is not disclosed. The companies started cooperating in April 2017, when ZTZ bought the first 20 thousand tons of rolled sheet from South Korea. In December…