NLMK Group revenue in Q1 declined by 1%, to $2.79 billion, but grew by 30% YoY, due to a seasonal drop in sales (-5% QoQ), which was offset by the growth in prices. EBITDA grew to $812 million (+3% QoQ), driven by the growth in steel prices and new operational efficiency programs. Q1 free cash…
The prices of the main precious metals decreased on April 24, according to the data published by the Central Bank. The cost of gold decreased by 12.988 manats, to 2255.339 manats per troy ounce compared to the price on April 23. The cost of silver decreased by 0.6679 manats, to 28.373 manats per ounce. The…
In 2017 Vysochaishiy received $85 million of net profit, down by 3.4% YoY. EBITDA grew by 17.4%, to $128 million. Revenue totaled $271 million, up by 32.8%, including $261 million from the gold sales, up by 27.9%. Last year the company sold 218 thousand ounces of gold, up by 33.7%. The average price increased by…
Agarak Copper-Molybdenum Works intends in short-term to increase capacity, in particular, of its processing factory from 3.5 million tons to 4.1-4.5 million tons of ore per year. In the long-term the company plans to reach 6 million tons of ore processing per year. Last year the company purchased 13 MT-86 dump trucks, a SD-32 bulldozer…
Polymetal Int intends to become the sole owner of the Prognoz silver deposits in the Republic of Sakha (Yakutia) by purchasing another 50% in the project. According to Polymetal chief executive director Vitaly Nesis, the deal could be struck in Q2. On April 13 the company announced the finalization of the deal to buy 45%…
Novgorodsky Iron and Steel Works has put into operation a new Diemme filter-press within the modernization program of the slurry site of the copper electrolysis shop hydrometallurgical department. The machinery allowed automating the process of electrolyte purification of slurry. The cost of the new machinery is some 6 million rubles. (Ukrainian metal)
Since April Krasniy Octyabr Volgograd Iron and Steel Works has started receiving the billets for rerolling from Zlatoust Electrometallurgical Works. This will allow the sheet-rolling shop of VMK to quickly and in full provide for fulfilling orders. In January-February Krasniy Octyabr received some 600 tons of slabs from ZEMZ. (Ukrainian metal)
In January-March VIZ-Stal increased metal output by 10% YoY, to 43 thousand tons. The company capacities were 99% loaded. Transformer steel sales grew by 13%, to 41 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. The key destinations were…