In January-March Izhstal sold almost 113 thousand tons of metal, up by 25% YoY. Cast billets saw the highest increase – by 60%, while ingots sales grew by 45%, steel sections by 41% and bars by 20%. In March sales increased by 37% YoY, with steel section sales up by 39% and bars – by…
In January-March Russian Coal mined 4 million tons of coal. Some 1 million tons of power-generating coal were mined at the Stepnoy pit in the Republic of Khakasia. Last quarter the company also mined the 60-millionth ton of coal. The Stepnoy pit was put into operation in 1993. In 2017 it yielded over 4.2 million…
In January-March UralKuz increased sales by 43% YoY. According to the company statement, customers were shipped some 35 thousand tons of metal, up by 10.4 thousand tons YoY. Railroad axles showed the largest increase in sales – by 63%. Metal for the UralKuz manufacture is supplied by Chelyabinsk Iron and Steel Works. (Ukrainian metal)
In 2017 Evraz Yuzhkoks received 5.4 million UAH of losses as opposed to 34.156 million UAH of profit in 2016. According to the company statement, its assets as of late 2017 totaled 1.042 billion UAH, current liabilities – 225.025 million UAH, and consolidated accounts receivable – 272.573 million UAH. On December 19, 2017 Evraz sold…
Russian tycoon Oleg Deripaska, President and core beneficiary of troubled aluminum giant UC RUSAL, has declined to be nominated to the board of directors of another metals giant Norilsk Nickel, a spokesperson for the company reported on April 12. “Oleg Deripaska has declined to be nominated to the board of directors of Norilsk Nickel, we…
The Russian government does not plan to acquire a stake in the sanction-hit aluminum giant UC RUSAL, but will support facilities of the company so that they don’t stop working, Finance Minister Anton Siluanov declared on April 11. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including tycoon Oleg…
Swiss commodity trader Glencore, one of the biggest buyers of aluminum produced by troubled Russian aluminum giant UC RUSAL, has declared force majeure on 50,000 tons of aluminum contracts, Bloomberg reported citing people familiar with the matter. “The declaration applies to about 50,000 metric tons of contracts between Glencore and aluminum consumers that specify the…
The protesters have burned down the laboratory, warehouses and office building on the territory of the Chinese company GL Makmal Developing, the management of the enterprise reported. According to them, the residents of Toguz-Toro district stay on the territory of the company, while the employees were evacuated. “We are not aware of the demands of…