Russia: gold and silver output down in January-September 2016
In January-September Russia produced 214.12 tons of gold, down by 1.4% YoY. Silver output totaled 800.32 tons, down by 9.4% YoY.
Russia: ferrous metals output up in October 2016
In January-October Russia produced 57.7 million tons of steel and 49.8 million tons of ferrous rolled metal, down by 0.9% and 1.5% YoY respectively. According to the Federal Service of State Statistics, in October steel output went up by 2% YoY and by 4.1% MoM. Rolled metal output increased by 0.3% YoY and by 1.3%…
Ukraine: metal deliveries to the local market up in January-September 2016
In January-September Ukrainian market received 3 million tons of rolled metal (without pipes), up by 20.8% YoY. With pipes deliveries total 3.33 million tons. In the reporting period Ukraine imported 0.48 million tons of metal, or 16.1% as opposed to 13.6% in January-September 2015. The growth trends over January-September have been observed in beams (up…
Russia: TMK IFRS net profit down Q3 2016
The net profit of Russian oil and gas pipe producer TMK dropped by 80.7% QoQ to $11 million in July-September, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue fell by 3.6% to $822 million, and gross profit decreased by 13.6% to $165 million. Adjusted earnings before interest, taxes, depreciation, and amortization…
Russia: Metalloinvest to supply HBI to majors
Metalloinvest has concluded long-term contracts for the delivery of hot-briquetted iron to Magnitogorsk Iron and Steel Works (MMK), Tube Metal Company (TMK) and the ChTPZ group. Metalloinvest will supply 570 thousand tons of HBI: 200 thousand tons to MMK, 220 thousand tons to TMK and 150 thousand tons to ChTPZ. “These are the first long-term…
Ukraine: Donetsk region ferrous metals exports down in January-September 2016
In January-September Donetsk region (without the antiterrorist operation zone) earned $2542.1 million from exports, down by 11.9% YoY. The region exported products to 101 countries. In particular, ferrous metals exports accounted for 76.3% of the total volumes. The regional companies exported $1.9 billion worth of ferrous metals, down by 10.6% YoY. Ferrous metal wares exports…
Ukraine: EMSS to supply rolls to AM works
Energomashspetsstal has concluded agreements for the supply of forming rolls for ArcelorMittal iron and steel works in Spain and Romania. According to the company statement, two rolls for the cold-rolling mill will be produced for AM Sagunto SL (Spain), which processes rolled sheet for car industry. Rolls weighing 80 tons will be completely treated by…
Russia: Vorkutaugol receives new director
Sergey Likhopud, who headed the department of legal matters in Severstal Management, has been appointed the general director of Vorkutaugol. “Sergey Likhopud became the director in a complex time. We have difficult tasks. I hope his knowledge and experience will lead the company out of the crisis situation”, Severstal BD chairman Alexei Mordashov said. (Ukrainian…