Russia: Evraz profits in 2017

In 2017 Evraz received $759 million of net profit as opposed to $188 million of losses in 2016. According to the company statement, its consolidated EBITDA grew by 70.2% YoY, to $2.624 billion. Revenue increased by 40.4%, to $10.827 billion. “The board of directors, on the basis of strong financial conditions of the company and…

Russia: TMK revenue up in 2017

In 2017 Pipe Metal Company increased EBITDA by 14.2% YoY, to $605 million. According to the company statement, revenue grew by 31.6%, to $4.394 billion. TMK did not disclose the amount of its net profit. “We expect EBITDA to increase this year because of the further growth of our American division results”, TMK said. In…

Russia: Ferrum expands product range

The Ferrum Company has started selling hot-rolled flanged beams with the size of 18-50 mm.

The company also carries stocks of other beams made of S255 and S345 steel.

The availability of new products will allow completely covering the need of rolled metal from construction companies for the manufacture of metal structures. (Ukrainian metal)

Ukraine: Smart Maritime wins at UGOK tender

The Smart Maritime Group has won a tender to supply a thickening tank to Yuzhniy Mining and Processing Works. The project will start in March. Its cost will amount to 175 million UAH. The designer of the thickener is Engineering Dobersek GmbH (Germany). The total weight of the metal structure with 3 tanks of 10.9…

Ukraine: ZZhRK to pay 850 million UAH of dividends

Shareholders of Zaporozhye Iron Ore Complex decided to pay 850 million UAH of dividends.

According to the company statement, the dividends will be paid from March 20 till July 27.

The dividends will be paid for 2014.

In 2016 the company increased net profit by 87.19% YoY, to 434.449 million UAH. (Ukrainian metal)

Russia: ZEMZ starts producing new size slabs

Zlatoust Electrometallurgical Works has expanded its product range.

The 1150 mill in the rolling shop No. 1 started producing slabs with the size of 140×450 mm of exceptionally hard heat-resistant iron-nickel-based alloy.

This is the first time that the company produces billets in this size. (Ukrainian metal)

Russia: KZOTsM starts manufacturing new products

In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…

Russia: VIZ-Stal decreases power intensity of transformer steel manufacture

In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…