Ukraine: UGOK output up in Q1 2017

In January-March UGOK produced 3.038 million tons of iron ore concentrate, up by 11.9% YoY.

According to the company statement, iron ore sinter production increased by 14%, to 450.8 thousand tons.

In March UGOK produced 1.05 million tons of concentrate, up by 13.4% YoY, sinter output dropped by 12.9%, to 111.9 thousand tons. (Ukrainian metal)

Ukraine: UMG Resource revenue up in 2016

The UMG Resource company, which specializes in industrial waste management, in 2016 increased its revenue from the sales of ash-slag materials by 47.5% YoY, to 149 million UAH. Sales of ash-slag materials (fly ash, wet fly ash, slag, ash slag) increased by 38.7%, to 480,000 tons. Products were dispatched from the DTEK’s thermal power plants…

Russia: Tatarstan to start producing sheets

The Prime Minister of the Republic of Tatarstan Ildar Khalikov has met the representatives of the Gemont company (Turkey) and discussed the prospects of further cooperation. In particular the parties discussed the creation of a metallurgical works to produce rolled sheet. The project has been developed by Gemont, which specializes in manufacture and assembly of…

Ukraine: VostGOK profits up in 2016

In 2016 the state enterprise Vostochniy Mining and Processing Works increased its net profits 37.2-fold YoY, or by 480.617 million UAH, to 493.891 million UAH. According to the Ministry of energy and coal industry, the company net income in 2016 dropped by 5.8%, or by 164.107 million UAH, to 2680.422 million UAH, while its bulk…

Ukraine: KhKZ profits down in 2016

In 2016 Kharkiv Coke Works received 1.511 million UAH of net profits, down 5.1-fold YoY. According to the company statement, its undistributed profits totaled 30.128 million UAH. In 2016 KhKZ increased current liabilities by 36.3%, to 472.47 million UAH, fixed liabilities – by 13.3%, to 470.385 million UAH. The company assets increased by 20%, to…

Ukraine: Lvivugol gets February 2017 salary

On March 28, the state enterprise Lvivugol received 11.8 million UAH of state financial support.

All the money was spent to pay salary to the miners.

According to the Lviv regional state administration department of fuel-energy complex and energy saving, thanks to this support, the February salary was paid in full. (Ukrainian metal)

Georgia: steel semis exports to Turkey up in January-February 2017

According to the National Statistics Office, in January-February the trade volume with Turkey, the country’s main trade partner, reached $198.39 million, including $35.04 million of exports (up by 17.3% YoY) and $163.35 million of imports (down by 3.5%). Non-alloyed steel and pig iron semi-finished products exports occupied the third position in the total Georgian exports…

Russia: VSMPO-Avisma doubles profits in 2016

In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.9-fold YoY.

In 2015 the corporation profits totaled 14.4 billion rubles against 4 billion rubles in 2014.

VSMPO-Avisma revenues in 2016 increased by 5%, to 76.2 billion rubles. Sales profits increased by 3%, to 30.3 billion rubles. (Ukrainian metal)