In January-February Russian output of copper concentrates remained flat YoY. According to the Federal Service of State Statistics, in February copper concentrate production dropped by 7.3% YoY and by 5.6% MoM. (Ukrainian metal)
In 2016 Azovstal Iron and Steel Works, a part of Metinvest, received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of losses in 2015. According to the company statement, its current liabilities increased by 33%, to 24.95 billion UAH, fixed liabilities – by 25.5%, to 4.819 billion UAH. At the same…
When the second stage of the Kamensk-Uralsky Iron and Steel Works rolling complex is put into operation the company will be able to finish the realization of one of the largest projects in the world on the production of semi-finished products of aluminum alloys. The local authorities granted 74 million rubles from the regional budget…
According to the Federal Service of State Statistics, in January-February Russia produced 8.8 million tons of steel and semi-finished products of unalloyed steel. Pig iron output reached 8.5 million tons. Russia also produced 8.8 million tons of rolled metal, up by 1% YoY. Steel pipes, sections and fittings production increased by 13.8%, to 0.951 million…
Metinvest-PromService LLC, created on the basis of the repair subdivisions of Azovstal, Mariupol Ilyich Iron and Steel Works and Yenakievo Iron and Steel Works, all parts of Metinvest, announced of its decision to open a subsidiary in Zaporozhye to service local assets. According to the company CEO Mikhail Rubtsov, because of the railroad blockade the…
In 2016 ArcelorMittal Kriviy Rih received 2.7 billion UAH of net profits. According to the company press-service, its net income last year totaled 52.96 billion UAH, with capital investments on the level of 4.75 billion UAH. In 2016 AMKR produced 7 million tons of steel, up by 11% YoY. Such a high result has been…
CEO of ArcelorMittal Kriviy Rih Paramjit Kahlon has noted the growing attention of the country’s top authorities to the problems of the mining and metallurgical complex of Ukraine, improvement in the work of Ukrzaliznytsia, but opposed the initiative to increase railway tariffs for freight transportation by 25%. “Today we have a very positive attitude. The…
DTEK has reported a crime to the National Police involving its loss of control over mining enterprises located in areas temporarily not controlled by Ukrainian government forces in Donetsk and Luhansk regions. “The applications were filed in accordance with Part 3 of Article 206 of the Criminal Code of Ukraine foreseeing the demand to terminate…
