In December 2016 Metinvest B.V. decreased revenue by 14% MoM, to $502 million. EBITDA in December 2016 totaled $132 million, up by 18% MoM. Metal division EBITDA in December 2016 was $30 million ($48 million in November), mining division – $110 million ($79 million). The total revenue of the metal division was $412 million, mining…
Mariupol Ilyich Iron and Steel Works output has dropped by 20% since the beginning of February. “In February sinter production decreased by 16%, or by 100 thousand tons, pig iron, steel and lime – by 20% on average”, the company CEO Yuri Zinchenko reported. According to him, since the beginning of the railroad blockade the…
In January the Saint Petersburg subsidiary of the First Cargo Company (PGK) transported 28 thousand tons of scrap, up 1.8 times YoY. The increase was the result of the growth of shipments to Severstal and NLMK companies. In particular, Severstal increased purchases 2.6 times YoY, to 24 thousand tons of scrap, and NLMK – 1.4…
In 2017 the Chelyabinsk Pipe Works plans to retain its last year position. “Our strategic goal is to increase exports under the growing competition on the local market in order to diversify regional trade”, the group CEO Alexander Grubman said. In 2017 ChTPZ intends to increase its share on the market by 3.9% by boosting…
The Chernomorsky Ship-Building Works (Nikolayev) will produce a lined barrel mixer for the Mariupol Ilyich Iron and Steel Works. The size of the mixer will be 2.8 meters (diameter) and 10 meters (length). Such mixers are used at sintering factories. Some 80 tons of rolled metal will be needed to produce the mixer. The price…
In January primary aluminum output decreased by 2.3% YoY, that of aluminum alloys – went up by 8.9%. According to the Federal Service of State Statistics, aluminum powder and flakes production increased by 20.2%, that of rolled wire, rods and sections – by 25.1%, plates, sheets, strips and bars – by 33.4%, and foil –…
The Kemerovo region adopted a local decree “On taxation of organizations that mine iron ore”. Because of the iron ore price drop, the mining in the region has been on the brink of profitability for the past couple of years. The regional MPs decided to decrease the tax burden of the ore-miners. From 2013 to…
In January Donetsk region industrial output (not counting the antiterrorist operation zone) decreased by 11.6% MoM, but went up by 5.3% YoY. Coal output totaled 1.3 million tons, down by 0.1% MoM, but up by 11.5% YoY. Coke production reached 502.8 thousand tons, up by 0.3% MoM, but down by 6.4% YoY. In January Donetsk…