In April-June Lysva Iron and Steel Works received 217.9 million rubles of net losses. Losses in Q1 totaled 57 million rubles. Thus, in H1 the works received 275.2 million rubles of losses against 20 million rubles of net profit in H1 2016. Sales earned the works some 2.79 billion rubles, up by 3% YoY. In…
AK Processing intends to put into operation a cathode copper works in Urdzhar region in the East-Kazakhstan district. The cost of the project is 4.58 billion tenge. The works will have the capacity of 2520 tons of copper per year. It will be put into operation in 2018. AK Processing is the daughter company of…
In January-June Zhairem Mining and Processing Works received 5.503 billion tenge of net profits, up 2.4-fold YoY. EBITDA also increased 2.4-fold, to 6.962 billion tenge, with gross profit up 2.3-fold, to 9.324 billion tenge. The company assets have increased by 16.8%, to 36.729 billion tenge, with liabilities up by 6.4%, to 6.842 billion tenge. Zhairem…
In January-June Russia increased imports of galvanized steel with polymer coating by 36.6% YoY. According to the Federal Customs Service, Russia imported 269.5 thousand tons of steel, with 59% supplied by China, followed by South Korea and Kazakhstan. Chinese price was $789.4 per ton, Kazakhstani – $997.5, and Korean – $1226 per ton. In June…
Novgorodsky Iron and Steel Works has completed the scheduled repair of its MAERZ furnace. All the work has been done without side contractors. “Thanks to the combined efforts of the NMZ employees we have completed the repair 18 hours ahead of schedule. This allowed us to start heating the furnace and make products earlier”, the…
VIZ-Stal will get new crane machinery for its cold-rolling shop: the company has concluded an agreement with a machine-building works. The bridge crane of the latest generation with the lifting capacity of 22 tons will improve cargo transportation by 10% compared with the previous machine. The company will receive the crane in November, and it…
In January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million. The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%. Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)
Uraltrubprom has supplied a batch of pipes to Europe of a rare size: 323.9 mm with the wall thickness of 20 mm. The pipes are manufactured according to EN 10219. The weight of the batch was 92 tons. The pipes will be used in construction structures. (Ukrainian metal)