Russia: MMK on pipes market

In 2017 MMK sold 3.22 million tons of hot-rolled metal, with some 60% supplied to Russian pipe companies. According to MMK senior region sales manager Andrei Golitsyn, the main customers are Seversky Pipe Works, Uraltrubprom and Almetyevsky Pipe Works. Last year Ural Federal District accounted for around 55% of all sales, with Privolzhsky for 30%…

Ukraine: Russia-manipulated terrorists trying to resume operation at Yenakievo Works

Russia, which controls its own terrorist organization of the Donetsk People’s Republic, has started restoring machinery at Yenakievo Iron and Steel Works, burned down by the militants in early April. “The rare and expensive machinery is slowly being restored, the manufacturing process is going on. Thanks to the Russian specialists and enormous sums of money…

Ukraine: Metinvest GOKs to pay 4.86 billion UAH of dividends

Shareholders of Ingulets Mining and Processing Works, Central Mining and Processing Works and Severniy Mining and Processing Works (all parts of Metinvest) at their meetings on May 18 decided to pay dividends for 2017 in the total of 4.86 billion UAH. In particular, InGOK will spend 2.16 billion UAH to pay dividends, and leave 2.6…

Russia: Vysochaishiy profit up in Q1 2018

In January-March Vysochaishiy received 3.207 billion rubles of revenue, up by 52% YoY.

Sales profit reached 1.419 billion rubles, up 2-fold YoY. Net profit increased by 41%, to 1.005 billion rubles.

As of March 31, the company accounts receivable totaled 1.132 billion rubles. (Ukrainian metal)

Russia: KAP extracts 50 kg of gold

Since the start of the year Kanchalan-Amguem Area LLC (KAP) has extracted 50.2 kg of gold at the Gorny site in Chukotka. Silver output totaled 225 kg. By the end of Q2 the company intends to have mined 505 kg of gold. The company started operating at the site in January. Its resources are estimated…

Russia: VSMPO-Avisma profit down in Q1 2018

In January-March VSMPO-Avisma received 18.033 billion rubles of revenue, up by 1% YoY.

Net profit dropped by 20%, to 4.069 billion rubles, mostly because of the strengthening of the Russian ruble exchange rate as to Q1 2017.

Last year the group net profit decreased 2-fold YoY, to 12.8 billion rubles. (Ukrainian metal)

Russia: NLMK to build another CCM

NLMK will construct another continuous-casting machine to replace the one, operating since 1976. SMS group will supply all the necessary machinery. The capacity of the new CCM will be 2 million tons per year. The new machine will allow NLMK producing billets with the thickness of 400 mm and width of 2800 mm. The CCM…

Russia: MMK to spend 3 billion rubles on BF shop repairs

The council on the strategic development of the MMK Group has approved the project on the construction of the blast furnace slag dry cooling machine.

The cost of the project is 3 billion rubles.

It will undergo an expertise soon.

The project will be carried out by Shlakservice LLC, a part of MMK. (Ukrainian metal)

Ukraine: Evraz Yuzhkoks reelects supervisory board and changes name

The new shareholders of Evraz Yuzhkoks have changed the company name to Yuzhkoks and reelected the supervisory board. The board chairman Alexander Maryanchuk, as well as the Evraz-DMZ, Evraztrans Ukraine LLC and Evraz Ukraine LLC legal department director Lyudmila Garmash and Evraz-DMZ sales management customs declaration department director Dmitry Skotarenko have been removed from the…