Russia: STZ profits down in H1 2018

In January-June Sinarsky Pipe Works received 337.76 million rubles of net profit, down 3-fold YoY.

Net profit in Q2 exceeded 243.7 million rubles, up from 94 million rubles in Q1.

Revenue in H1 reached 21.44 billion rubles, up by 16% YoY.

In Q2 revenue increased by 5% QoQ, to 10.98 billion rubles. (Ukrainian metal)

Ukraine: NZF output up in January-July 2018

In January-July Nikopol Ferroalloy Plant increased output by 8.6% YoY, to 469.88 thousand tons.

In particular, silicomanganese manufacture grew by 14.6%, to 442.73 thousand tons, but ferromanganese production fell by 54.7%, to 20.85 thousand tons.

The output of other ferroalloys grew 18-fold, to 6.3 thousand tons. (Ukrainian metal)

Ukraine: three state mines to commission new long faces

Until the end of the year the Kapitalnaya mine of the state enterprise Mirnogradugol, the Kurakhovskaya mine of the state enterprise Selidovugol and the Yuzhnodonbaskoye No. 1 Mine Group will put new long faces into operation. “The government has this year transferred 341 million UAH for the modernization of coal mines”, the vice-prime minister Vladimir…

Russia: one killed and one injured in Sverdlovsk region mine collapse

The Severopeschanskaya coal mine in Sverdlovsk region town of Krasnoturyinsk collapsed on August 15 killing one miner and injuring another, a spokesperson for the Emergency Ministry’s local branch reported.

The injured miner was delivered to hospital, but refused to be hospitalized.

The mine is operating in its usual mode. (Prime/Ukrainian metal)

Russia: MMK to supply metal for the high-speed railway construction

MMK has joined the participants of the Chelyabinsk – Yekaterinburg High-Speed Railroad project.

The contribution of the company is 10 million rubles.

MMK will cover the needs of the project in metal. (Ukrainian metal)

Russia: Severstal switches to new EMS version

Severstal has switched to a new version of the international environment management system standard. The certification audit according to ISO 14001:2015 has been carried out by the Russian division of DQS Holding GmbH. The audit was necessitated by the changes in ISO 14001. The inspection has been carried out in all divisions of the Cherepovets…

Russia: gold output up in July 2018

Russia’s production of finished, semi-finished, and powdered gold increased by 1.7% YoY and by 19.7% MoM in July, the Federal State Statistics Service said in a report. In January-July gold production decreased by 0.6% YoY. Previously, absolute figures on production of precious metals were a state secret. The figures are no longer classified, but the…

Russia: Norilsk Nickel working on ruble settlements with foreigners

Russian metals giant Norilsk Nickel is working on a mechanism of settlements in rubles with foreign clients who are ready for that, a representative of the company reported.

“Some clients of Norilsk Nickel expressed readiness to make settlements in rubles. We are working on this issue with them,” the representative said. (Prime/Ukrainian metal)

Russia: coal output up in Chukotka

In January-July Chukotka Autonomous District mined 364 thousand tons of coal, up by 41%. Beringpromugol LLC has contributed the most to the output increase. In 7 months the company mined 304.3 thousand tons of coal, up 2.3-fold YoY. Shakhta Ugolnaya decreased coal output by 43%, to 59.8 thousand tons. Last year the region yielded 445…

Russia: ChelZinc finishes reconstruction of the rotary shop kiln site

Chelyabinsk Zinc Works is carrying out a program to modernize its capacities.

In particular, the specialists have started switching machinery of the rotary kiln No. 2 to rotary oxide calcination.

The framework of the building has been completely reconstructed.

The project will be finished in September.

The total cost is 410 million rubles. (Ukrainian metal)