In 2016 Kosogorsky Iron and Steel Works received 83.8 million rubles of net losses as opposed to 391.4 million rubles of profits in 2015. According to the company statement, revenue decreased by 17.6% YoY, to 8.96 billion rubles. The company explains the decrease in revenue with the coke and raw material price growth as well…
The largest coke producer in Europe – Avdiivka Coke and Chemical Works – has been shut down for 1 hour as the result of shelling. “We had a complete shutdown because of the damage to the cable, but within an hour we were able to resume operation thanks to the 2.5 MW generator. We’re alive…
Because of the Donbass blockade Dneprovsky Iron and Steel Works is operating with only one blast furnace. According to the co-chairman of the Opposition block in the parliament Alexander Vilkul, the furnace makes only 6 smeltings per day. If the works is shut down, local budget will lose taxes. The city works are industrially linked…
By 2020 NLMK might increase steel smelting at its Lipetsk site by 2.2 million tons. The development strategy till 2022 presupposes the increase of steel smelting at the main site to over 15 million tons per year. By 2019 NLMK will produce 14 million tons of steel. The investments into the project are estimated at…
The probable shutdown of the largest coke producer in Europe – Avdiivka Coke and Chemical Works – could negatively affect the economy of the whole country. According to the director of the Institute of economy and forecast of the National Academy of Sciences Valeriy Geyets, the blockade of coke, produced on the uncontrolled territories, as…
In February throughput of the Sverdlovsk railroad totaled 10.6 million tons, up by 3.2% YoY. The average daily throughput increased by 377 thousand tons. In January-February throughput increased by 1.6% YoY, to 21.4 million tons. In particular, the railroad transshipped 1.5 million tons of ferrous metals, up by 2.7% YoY, 320 thousand tons of ferrous…
In January raw lead output in Russia dropped by 22.3% YoY and by 23.7% MoM. According to the Federal Service of State Statistics, in 2016 raw lead production in Russia dropped by 8.6% YoY. (Ukrainian metal)
At a meeting held on March 3, directors of NLMK Group, an international steel company with assets in Russia, the USA and the EU, approved of a new membership of the Management Board. The new Management Board now consists of: Oleg Bagrin, NLMK Group CEO, Chairman, Grigory Fedorishin, Senior Vice President, Deputy Chairman (a newly…