Russia: Mechel steel output down in H1 2018

In January-June Mechel decreased steel output by 8% YoY, to 2.051 million tons. The decrease was the result of the scheduled repairs of machinery in the sinter-blast furnace and oxygen-converter shops of Chelyabinsk Iron and Steel Works. A major repair of the continuous casting machine No. 5, carried out in Q2, reduced the loading of…

Russia: ChTPZ profit up in Q2 2018

In April-June ChTPZ received 5.574 billion rubles of net profit, up from 1.35 billion rubles in Q1. In H1 net profit reached 6.927 billion rubles as opposed to the loss of 864 million rubles a year earlier. Revenue in Q2 dropped by 1% QoQ, to 35.79 billion rubles. H1 revenue increased by 33% YoY, to…

Ukraine: no coke imported in July 2018

In July metal companies received 808 thousand tons of coke, up by 9% MoM. All the coke was of domestic origin. As in two previous months, no coke was imported in July. In January-July Ukrainian metal companies received 5.63 million tons of coke, up by 9% YoY, including 5.37 million tons of Ukrainian coke, up…

Uzbekistan: foreign company to manage two major metal works

The government of Uzbekistan has allowed SFi Management Group to manage two largest metal works – Uzmetkombinat and Almalyk Mining and Processing Works. The task of the company is to effectively carry out investment projects, increase the share of high added value products, optimize import expenses and decrease prime cost. The agreement between Almalyk and…