Russia: BrAZ profit down in 2017

In 2017 Bratsk Aluminum Works received 2.76 billion rubles of net profit, down by 26.2% YoY.

According to the company statement, its revenue decreased by 14.6%, to 93.97 billion rubles, while gross profit grew by 12.8%, to 9.01 billion rubles.

The company has not disclosed the reasons for the changes. (Ukrainian metal)

Russia: ChTPZ and TMK pipes demand falling

In 2017 the market of large diameter pipes saw a considerable fall. Chelyabinsk Pipe Works and Pipe Metallurgical Company were left almost without orders. According to ChTPZ, the demand for LDP (530 to 1420 mm) decreased by 25%. In 2016 Russia sold 2.1 million tons of pipes, while in 2017 – 1.6 million tons. Analysts…

Russia: Irkutsk region gold output up in Q1 2018

In January-March Irkutsk region yielded 3259.2 kg of gold, up by 34% YoY. Ore gold accounted for 3258.6 kg. In particular, Polyus Verninskoye extracted 1605.8 kg, Vysochaishiy – 1102 kg, Druza LLC – 180.8 kg and Ugakhan LLC – 370 kg. Alluvial gold output totaled 0.6 kg, all obtained by Lenzoloto enterprises. In January-February gold…

Russia: Mechel to increase coal output

In 2018 Mechel intends to reach coal output at the level of 23.3 million tons. “In particular, UKUZ is expected to yield 9.5 million tons, Yakutugol – 8.5 million tons and Elga – 5.3 million tons. Coking coal concentrate will total 10.7 million tons. Power-generating coal output – 5.8 million tons”, the company CEO Oleg…

Ukraine: EU stops ferrosilicon imports investigations

The European Union decided to stop the antidumping investigation on the imports of ferrosilicon from Ukraine and Egypt.

The European Commission announced the cancellation of the investigation on April 4, as the Association of European ferro-alloy Producers had revoked its application on February 27.

The antidumping investigation began in August 2017. (Ukrainian metal)

Russia: Rusal commissions bauxite deposits in Komi

Rusal has started mining for bauxites at the Verkhne-Schugorsky deposits in the Republic of Komi. The balance reserves of the new deposits total 65 million tons of ore, enough for 20 years of development. In mid-March the Vezhayu-Vorykvinskoye deposits yielded the 40-millionth ton of bauxites, and the reserves are quickly depleting. Hence, the opening of…

Russia: Krasniy Octyabr output to grow in 2018

In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons.

The combined output reached 54.96 thousand tons, up by 20% in three years.

This year output is expected to grow by 5%. (Ukrainian metal)

Ukraine: scrap exports up in Q1 2018

In January-March Ukrained increase ferrous scrap exports 3.6-fold YoY, to 140.116 thousand tons, valued at $47.788 million, up 4.1-fold. According to the State Fiscal Service, in March Ukraine exported 53.558 thousand tons of scrap, in February – 52.634 thousand tons, and in January – 33.814 thousand tons. Imports in 3 months increased by 28.6%, to…

Ukraine: 175 miners evacuated from DTEK Pavlogradugol mine

There was a heavy smoke in the Pavlogradskaya mine of DTEK Pavlogradugol.

According to the company statement, 175 employees were evacuated.

The smoke arose as the cable caught fire. The fire was soon extinguished.

There were no casualties. (Ukrainian metal)

Ukraine: coal imports up in Q1 2018

In January-March Ukraine increased coal imports by 57.6% YoY, to 5.745 million tons valued at $760.468 million, up by 33.5%. According to the State Fiscal Service, Russia supplied $472.397 million worth of coal (62.12%), USA – $219.929 million (28.92%), Canada – $48.365 million (6.36%) and other countries – $19.777 million (2.6%). In 3 months Ukraine…