Russia: MMK metal sales up in August 2018

In August MMK shipped 994.2 thousand tons of metal via railroad, up by 9.2% YoY.

In January-August, according to railroad statistics, sales grew by 1.1% YoY, to 7.2 million tons.

Russian customers received 4.68 million tons of metal, up by 8.5%, while exports dropped by 10.5%, to 2.48 million tons. (Ukrainian metal)

Russia: Evraz-NTMK railroad exports down in August 2018

In August Evraz-NTMK shipped 310.3 thousand tons of metal via railroad, up by 4.6% YoY.

According to the railroad statistics, in January-August sales reached 2.38 million tons, down by 9.2% YoY.

Russian customers received 1.35 million tons of metal, up by 3.2%, while exports fell by 21.6%, to 1.03 million tons. (Ukrainian metal)

Russia: Russdragmet net profit up in H1 2018

Russdragmet LLC (a part of Highland Gold Mining Ltd) in January-June sold $146.9 million worth of precious metals.

Net profit grew by 10.5% YoY, to $28.6 million.

Gold sales dropped by 6%, to 121.2 thousand ounces.

EBITDA totaled $71.4 million, down by 2.5%. (Ukrainian metal)

Russia: Krasniy Octyabr output up in August 2018

In August Krasniy Octyabr had to produce 2500 tons of rolled metal, but in fact manufactured 2625 tons.

For September the company output plan is 2800 tons.

The goals set by the company management have been met.

Krasniy Octyabr supplies high-quality steel products to all its foreign customers in time. (Ukrainian metal)

Russia: MMK reconstructing mill-2500

MMK is reconstructing its hot-rolling mill-2500 in the sheet-rolling shop No. 4.

The project will increase the size and grade portfolio of the mill and improve the quality.

The capacity will grow from 4 to 5 million tons of metal per year. (Ukrainian metal)

Russia: Finance Ministry mulls lifting VAT on gold

The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…

Russia: ferrous metals deliveries to machine-builders up in January-August 2018

In August direct deliveries of ferrous metals to railroad machine-building enterprises totaled 126.4 thousand tons.

According to the railroad statistics, this was up by 23.6% YoY.

In January-August deliveries grew by 25.2% YoY, to 1.2 million tons. (Ukrainian metal)

Russia: metal deliveries to ferroconcrete companies down in August 2018

In August direct deliveries of rolled metal to companies manufacturing ferroconcrete structures and to integrated house-building factories totaled 13.5 thousand tons.

According to the railroad statistics, this is down by 29.7% YoY.

In 8 months railroad deliveries decreased by 33.4% YoY, to 119.4 thousand tons. (Ukrainian metal)

Russia: metal deliveries to metal wares manufacturers down in August 2018

In August direct railroad deliveries of metal to major service metal centers specializing in metal wares manufacture (light metal structures, metal roofing, profiled sheeting, etc.) totaled 186.3 thousand tons.

According to the railroad statistics, this is down by 11.8% YoY.

In January-August deliveries reached 1.55 million tons, up by 3.1% YoY. (Ukrainian metal)

Russia: Uralelectromed prepared for winter

Uralelectromed has taken a number of measures to prepare shops for the winter period. In particular, technical maintenance of the power shop machinery has been carried out: eight pumps, six boilers, two de-aerators, four filters and boiler machines. The company has also carried out a major work to thermomodernize premises, cabins of excavators, locomotives and…

Russia: ChTPZ decreases energy expenses

In January-June ChTPZ enterprises saved 70 million rubles under the program to improve energy efficiency. The largest project to decrease energy resources consumption was the creation of the new substation. Investments totaled 220 million rubles. The economical effect will reach some 50 million rubles per year. 5 main shops have been switched to modern LED…

Ukraine: coal imports up in January-August 2018

In January-August Ukraine imported 14.164 million tons of coal, up by 26.3% YoY, valued at $1.976 billion, up by 17.3%. According to the State Fiscal Service, Russia supplied $1.238 billion worth of coal (62.67%), USA – $600.05 million (30.36%), Canada – $86.93 million (4.4%) and other countries – $50.84 million (2.57%). In 8 months Ukraine…

Russia: gold output in January-July 2018 up in Yakutia

In January-July the Republic of Sakha (Yakutia) extracted 12483.9 kg of gold and 57460 kg of silver.

Gold output increased by 12.5% YoY.

This year Yakutia intends to extract 24.5 tons of gold. (Ukrainian metal)

Russia: coal output to increase

By 2025 coal enterprises have to reach the annual output of 560 million tons, up from the forecast volume of 460 million tons. According to the minister of energy Alexander Novak, this goal could be reached with some 1 trillion rubles of private investments. The Ministry of Energy believes that due to this Russia will…

Ukraine: IndustriALL Global Union and management of ArcelorMittal plants meet

Chief Executive Officer of ArcelorMittal plants in Ukraine and Kazakhstan Paramjit Kahlon met for the first time the representatives of global trade union federation (IndustriALL Global Union) in Kyiv. The meeting was held with participation of main trade unions of Kazakh and Ukrainian plants of the group. IndustriALL Global Union / FES unites the trade…