Ukraine: AMKR on the start of reconciliation procedures with the representatives of labor collective

The meeting of employer PJSC ArcelorMittal Kriviy Rih and the representatives of labor collective began on May 3 with a purpose to start reconciliation procedures. As of early May 4, it has already lasted for over 18 hours. The employer signed an agreement regarding the creation of reconciliation commission in order to settle collective labor…

Russia: metal market in April 2018

In April angle (63×6) prices in the Central region decreased by 15%, to 43 thousand rubles per ton. Price change on B1-30 beams totaled only 0.1%, to 54.5 thousand rubles. Flat galvanized rolled metal saw the highest increase in price – 4.05%, to 58 thousand tons per ton. It is followed by the hot-rolled sheet…

Uzbekistan: Uzmetkombinat sets output record in April 2018

In April Uzmetkombinat produced the record-high volume of rolled metal – 94.5 thousand tons, including 27.7 million tons of milling balls.

The company is one of the largest metal enterprises in the country.

In January-April output totaled 336.9 thousand tons. (Ukrainian metal)

Russia: Magadan region coal output up in Q1 2018

In January-March Magadan region mined 223.3 thousand tons of coal, up 1.8-fold YoY.

Kolyma Coal Company LLC, developing the Verkhne-Arkagalinskoye deposits, has provided for 70% of the total volume.

In 2017 Magadan region coal enterprises decreased mining by 16.7% YoY, to 330.9 thousand tons. (Ukrainian metal)

Russia: Uchaly GOK gets new loader

Uchaly Mining and Processing Works has received a new Sandvik LH514 loader.

This is the third loader to arrive at the works in the past 3 years.

The cost of the machine exceeds 40 million rubles.

The lifting capacity of the loader is 14 tons. It will operate underground. (Ukrainian metal)

Ukraine: Metinvest loses 15 thousand employees in 2 years

Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world.

In December 2015 Metinvest claimed having employed 94 thousand people.

Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)

Ukraine: metal output up in January-April 2018

In January-April Ukraine increased pig iron output by 9% YoY (including results of January-February 2017 at the uncontrolled territories of Donbass), to 6.89 million tons. Without the Russia-seized territories the output grew by 18%. Steel smelting dropped by 1% with seized territories, but increased by 5%, to 6.9 million tons without them. Rolled metal output…

Russia: coal exports up in January-April 2018

Export of Russian coal in January-April increased by 5% YoY, to 59.657 million tons, the Ministry of Energy said.

In April coal exports totaled 15.347 million tons.

Coal mining in January-April amounted to 140.611 million tons of which 125.228 million tons were delivered. (PortNews/Ukrainian metal)

Ukraine: iron ore exports down in March 2018

In March exports totaled $3.7 billion, down by 4.1% YoY.

Metal exports growth slowed down to 14.2% despite high prices. Because of that pig iron share in exports increased.

Iron ore exports dropped by 9.3% YoY. (Ukrainian metal)

Russia: VSMPO-Avisma net profit down in 2017

In 2017 VSMPO-Avisma net profit dropped 2-fold YoY, to 12.8 billion rubles.

Revenue decreased by 1.6%, to 87.98 billion rubles.

Gross profit dropped by 26%, to 32.2 billion rubles.

The company fixed liabilities grew 1.6-fold, to 96.6 billion rubles, while current liabilities fell by 27.1%, to 27.1 billion rubles. (Ukrainian metal)

Russia: metal output in Nizhny Novgorod region up in Q1 2018

In January-March Nizhny Novgorod region increased industrial output by 2.3% YoY.

In particular, metal manufacture demonstrated an increase of 19.2%, and that of metal wares – 10.9%.

Rolled metal output increased by 24.3%, while steel pipes, sections and fittings – by 17.3%. (Ukrainian metal)

Russia: Yakutia silver and gold output up in Q1 2018

In January-March the Republic of Sakha (Yakutia) mined 2.4 tons of gold, up by 27% YoY.

This year the region intends to obtain 25 tons of gold.

Silver mining in 3 months increased by 88% YoY, to 43.8 tons.

The goal for this year is 80 tons of silver. (Ukrainian metal)

Russia: Chelyabinsk Zinc Works IFRS net profit up in 2017

The net profit of Russia’s Chelyabinsk Zinc Works by soared 43.8%, to 5.776 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 3.

Revenue rose by 27%, to 38.548 billion rubles.

Gross profit grew by 20.5%, to 10.757 billion rubles. (Prime/Ukrainian metal)