According to the Russian Railroads, in January-July the company transported 727.3 million tons of cargo, up by 3.3% YoY. In particular, the railroads transported 206.1 million tons of coal, up by 9.8% YoY, and 8.5 million tons of ferrous scrap, up by 2.4%. At the same time transportation of coke decreased by 1.6%, to 6.5…
In July Russian manufacturers increased local prices on rebars by 5-9%. One of the main factors, which will determine rebars price in August, will be the shortage. Most of the traders have low stocks of rebars now, especially of lesser size rebars. That is why manufacturers will be able to insist on price increase. September…
In April-June Metalloinvest produced 10.1 million tons of iron ore, on the previous quarter level. Pellets output increased by 4.8%, to 6.3 million tons. The company has also increased the output of HBI by 24.6%, to 1.8 million tons. Pig iron output totaled 0.7 million tons, up by 8.4%, while that of steel dropped by…
In January-June Chelyabinsk Zinc Works received 2.228 billion rubles of net profits, up 1.3-fold YoY. Earnings increased by 36.5%, to 13.853 billion rubles, gross profit – by 17.2%, to 3.718 billion rubles, sales profits – by 23.3%, to 2.643 billion rubles. In 2016 the group produced 174.803 thousand tons of zinc. In H1 2017 –…
In January-June DTEK enterprises mined 14.8 million tons of coal, up by 6.6% YoY, or by 910.5 thousand tons. Russian Obukhovskaya Mine Group mined 1.36 million tons of coal. Ukrainian enterprises yielded 13.45 million tons of coal, up by 4.6% YoY. The increase in the coal output, despite the loss of control over three coal-mining…
In January-July Ukraine produced 11.9 million tons of steel, down by 18% YoY. According to Ukrmetallurgprom, rolled metal manufacture dropped by 19%, to 10.2 million tons, pig iron – by 22%, to 10.96 million tons. Coke output decreased by 21%, to 5.95 million tons. In 2016 Ukraine produced 24.2 million tons of rolled steel, 21.41…
In January-June Metinvest produced 3.92 million tons of steel, 4.01 million tons of pig iron and 2.13 million tons of coke, all down by 6%, 6% and 3% YoY respectively. Q2 steel output drop was 10% QoQ, to 1.85 million tons. At the same time pig iron output increased by 2%, to 2.03 million tons,…
Avelanna Gold has developed a project to mine for precious metals in Zakarpatye and plans to invest some $100 million. The company has already received all the agreements, but the formal provision of documents is always postponed, so it cannot start operating. The company is working on the development of new infrastructure at the Muzhievskoye…