Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million. According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while…
For Ukrainian TPPs to be able to work in normal mode during the winter season they need enough energy-generating coal. That is why DTEL Pavlogradugol has increased mining output at all of its mine groups in Q3 by 21%. Ternovskoye Mine Group yielded 1 million tons of coal, up by 27% QoQ, Pershotravenskoye – 1…
Ural Mining-Metallurgical Company has announced the merger of Electrocabel works and Kolchugino Non-Ferrous Metals Works. After all the legal procedures Kolchugtsvetmet will be managed by Cable Alliance, Electrocabel being a part of which. This decision was taken in view of the expansion of the cable business and the realization of the global program of Electrocabel…
In January-September Russia increased raw zinc output by 3.3% YoY. According to the Federal Service of State Statistics, in September raw zinc output dropped by 6.3% YoY and by 14.5% MoM. (Ukrainian metal)
In January-September KAZ Minerals produced 97.1 thousand tons of copper (in cathodes), up by 66% YoY. In Q3 the company produced 44.5 thousand tons of copper cathodes, up by 43% QoQ. KAZ Minerals increases output volumes at its Bozshakol and Aktogay works, which will allow it to reach the target of 135-145 thousand tons of…
In January-September Bratsk Ferroalloys Works (a part of Mechel) produced over 23 thousand tons of FS-75 ferrosilicon, up by 80% YoY. This ferrosilicon is used in the production of electric steels, as well as springs, construction and car parts. The increase was the result of the improvement of the world market situation. The company exports…
Since the beginning of the year Azertexnolayn has supplied 47 million manats worth of pipes to Turkmenistan. In January the company signed an agreement to supply $40 million worth of pile pipes for the construction of Turkmenbashi seaport. Another $20 million contract presupposes the delivery of pipes for water pipelines. The company is able to…
Mechel-Service has sold 20 million tons of metal since it has been created. Mechel-Service was founded in 2005 in Chelyabinsk, where its main supplier – Chelyabinsk Iron and Steel Works – is situated. Now the company offices are present in all the federal districts of Russia, with 57 warehouses in 42 cities. Having started with…
