The bar shop of MMK has produced the 20-millionth ton of bars. In 2005-2006 three Danieli mills with the combined capacity of over 2 million tons of bars per year were put into operation. The 450-mill with the capacity of 790 thousand tons per year produces angles, channel, rods and strips. The 370-mill with the…
In Q1 Raspadskaya increased coal output by 372 thousand tons YoY, to 2 million tons. According to the company statement, last year its net profits amounted to $319 million, up 1.7-fold YoY. Revenue grew 1.7-fold, to $868 million, and gross profit – 2.2-fold, to $459 million. Raspadskaya unites 3 mines, one coal pit, a processing…
PJSC ArcelorMittal Kriviy Rih concluded the contract through financial leasing for the supply of 211 open wagons. The contract for 239 wagons more will be the next step. Earlier this year the company has received 50 new wagons. Hence, this year the company is to purchase and operate 500 wagons to transport its products and…
Independent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10. Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)
Index provider FTSE Russell will remove stocks of the Russian aluminum giant UC RUSAL and En+ Group from its indices from April 13 due to the companies being blacklisted by the U.S., it said in a statement on April 11. The London Metal Exchange (LME) said it would suspend trading in RUSAL’s metals from April…
In 2017 Kraszvetmet received some 500 million rubles of net profit, up by 12% YoY. Revenue grew by 10%, to 21 billion rubles. Export revenue totaled by 40%, as the products were shipped to over 20 countries. Last year the company produced 3.3 tons of catalyst systems for nitrogen industry (+19%) and 2.7 tons of…
In January-February metal prices of industrial products increased by 2.5% YoY. In particular, in processing industry prices increased by 3.1%, and in mining – by 2% Coal prices grew by 6.2%, ore – by 3%, ferroalloys – by 16.2%, zinc – by 4.3%, ferrous rolled metal – by 4.1%, and lead – by 1%. At…
The Sayanogorsk Aluminum Smelter of the Russian aluminum giant UC RUSAL has slashed its power loading by 410 megawatts (MW) to 600 MW without warning, and is carrying out emergency maintenance works, the Energy Ministry’s emergency research center said in a statement on April 10. The Sayanogorsk Aluminum Smelter is RUSAL’s third largest producer of…