The industrial port of Cherepovets Iron and Steel Works has started the 2018 navigation. The first vessels with metal will head to St Petersburg, Samara, Ulyanovsk, Taganrog and Nizhny Novgorod. The warehouses stock some 40 thousand tons of metal. The warehousing territory has been increased by one third. In 2017 the CherMK port throughput was…
Ireland has considered several scenarios of intervention in operations of a local plant of Russian aluminum maker RUSAL Aughinish Alumina after the U.S. sanctions. Yet all of them have been rejected, Reuters reported, citing a source with knowledge of the situation. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies…
Russia’s RUSAL will overhaul its board and management in the hope the U.S. will remove the aluminum firm from a sanctions list so it can restart shipments to its customers around the world, Reuters reported citing two sources. The sources, familiar with the developments but who asked not to be named because they were not…
In 2017 Zaporizhstal increased net profit 2.5-fold YoY, to 5.118 billion UAH, having increased its net income by 5.2%, to 33.208 billion UAH. According to the company statement, the prime cost of metal sold totaled 23.724 billion UAH. Last year Zaporizhstal produced 3926.4 thousand tons of steel, up by 0.9% YoY. The company also produced…
It is planned to produce 20 tons of mercury, 104 tons of antimony and 3,450 tons of fluorite (fluorspar concentrate) this year at Khaidarkan mercury plant, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union Eldar Tadzhibaev declared. According to him, in the first quarter of the year the enterprise received…
Ukrainian steelmakers boosted steel output by 4.7% YoY in March, to 1.7 million tons, having slid from the 12th to the 14th place in the international steelmakers rating drawn up by the World Steel Association (WSA). In January-March Ukraine reduced steel production by 2.8% YoY. China continued to top the rating in March with 73.9…
In February Metinvest increased the adjusted EBITDA by 29.8% YoY, to $196 million, but dropped by 14% MoM. According to the company statement, its revenue grew by 54.5% YoY, but decreased by 9.4% MoM, to $914 million. In February Metinvest increased metal sales by 47.6% YoY, but decreased by 18.2% MoM, to 1.287 million tons.…
In January-March Ukraine produced 4.59 million tons of metal, down by 2% YoY, taking into account operation of metal enterprises in January-February 2017 on the occupied territories. Without them metal output increased by 8% YoY. Exports totaled 3.23 million tons, or 83.3% of the overall output, down from 85% in Q1 2017, or 3.97 million…