Mechel PAO, one of the leading Russian mining and metals companies, announced Q2 2016 operational results. Mechel CEO Oleg Korzhov commented on the operational results: “In this accounting period, the coal industry demonstrated stable demand on both global and domestic markets, with a growth registered in both quarter benchmarks and spot prices. In Q2 China…
Companies dealing with ferrous and non-ferrous scrap, as well as other secondary materials have created the Ukrainian association of secondary metals and resources (UAVtormetresurs). According to Euro-Metal Invest deputy CEO Valeri Katunin, the company was registered on July 18. It will be a non-profitable organization. It will deal with protecting interests of its members; cooperate…
In July after a June drop steel manufacture started going up again, reaching 67 thousand tons per day, slightly less than in February. Rolled metal daily output grew to February levels to 59.1 thousand tons per day. Pig iron daily output jumped to April indexes with 67 thousand tons. In H1 Ukraine produced 14.49 million…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854* min max min max May 18 21 26 30 June 19 22 27 31 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the…
In January-June Izhorsky Pipe Works, a part of Severstal, decreased sales of its large diameter pipes. ITZ sold 228 thousand tons of pipes, down by 20% YoY. Most pipes went to Power of Siberia and Ukhta-Torzhok-2 projects, as well as Gazprom repairs. LDP segment is in the most difficult situation. In H1 Russia produced 1.4…
In Q2 and H1 Rusal slightly increased its aluminum output by 0.3% QoQ, to 919 thousand tons, and by 1.5% YoY, to 1.83 million tons. The company worked at 95% capacity. Siberian works of Rusal produced 94% of the total aluminum output. In H1 Rusal sold 1.91 million tons of products, up by 5% YoY.…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.2575* min max May 526 613 June 526 613 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-June Ferrexpo decreased its net profits by 33% YoY, to $77.77 million. According to the company statement, its revenues were down by 10.5% YoY, to $457.92 million, mostly due to the pellets price fall by 14%. Net profit dropped by 3.7%, to $265.77 million, with EBITDA down by 9%, to $160 million. Sales increased…