In September Russian Railroads transported 7.6 million tons of ferrous metals, up by 15.7% YoY. Positive dynamics is seen in all directions, except for transit. Since the start of the year ferrous metals railroad transportation has increased by 5.6% YoY. (Ukrainian metal)
On October 23 Vysochaishiy (GV Gold) commissioned the Ugakhan Mining and Processing Works according to the schedule. The Ugakhan gold deposits were discovered in 2010. The C1+C2 gold reserves are estimated at 49 tons (1.58 million ounces). The deposits will be developed till 2029. Investments in the project totaled $200 million. Each year the GOK…
Fitch has increased the Rusal long-term default rating from BB- to B+, with stable forecast. The short-term rating has been confirmed on B level. Rusal Bratsk long-term rating has been increased from BB- to B+ stable. (Ukrainian metal)
In 10 years Tulachermet will invest some 80 billion rubles in the creation of the steel manufacture. This will result in 3 thousand additional jobs. The investor is developing the Tulachermet-Steel-2 and Tulachermet-Steel-3 projects. The company intends to enter the list of top manufacturers of rolled metal for automobile, machine-building and construction companies of Central…
Centravis Production Ukraine’s capacities are 100% loaded. According to the company CEO and main shareholder Yuri Atanasov, since 2014 the Centravis has decreased sales on Russian market from 80% to 20%, having increased sales to EU from 10% to 70%. Each year the company intends to increase output by 10-15%. In particular, this year the…
In January-September Evraz Sukhaya Balka produced 1.847 million tons of iron ore, down by 5.1% YoY. In September output was 235 thousand tons. In 2016 the enterprise produced 2.564 million tons of iron ore, down by 8.8% YoY. The company capacity is 3.1 million tons of ore per year. (Ukrainian metal)
According to the Federal Customs Service, in January-August Russia imported 4.367 million tons of ferrous metals, up 1.58-fold YoY. Of this volume CIS metal accounted for 2.783 million tons, and far foreign countries – 1.584 million tons (up from 1.819 million and 0.949 million tons in January-August 2016 respectively). Ferrous metals imports without pig iron,…
In 2016 MidUral Group revenue increased by 13% YoY, to 8.3 billion rubles. Profit before taxation was 373.3 million rubles as opposed to losses in 2015. The net debt as of December 31, 2016 decreased by 20.2%. MidUral Group comprises Klyuchevsky Ferroalloys Works, Russkiy Chrome 1915, Klyuchevskaya Processing Factory (all in Russia), Dirox S.A. (Uruguay),…
