Ukraine: Vtormet Odessa profits in 2015

In 2015 Vtormet Odessa received 180 thousand tons of profits.

According to the company statement, its net income went up by 38.26% YoY, or by 53.67 million UAH, to 193.97 million UAH. In 2014 Vtormet Odessa received 2.03 million UAH of losses. (Ukrainian metal)

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Ukraine: Metinvest steel and pig iron output up in Q1 2016

In January-March Metinvest companies produced 1.99 million tons of steel, up by 19% YoY and 17% QoQ. In particular, Yenakievo Iron and Steel Works produced 501 thousand tons of steel, while Mariupol Ilyich Iron and Steel Works – 715 thousand tons, with Azovstal producing 783 thousand tons, up by 91%, 21% and down by 4%…

Russia: Amur Minerals to start developing Malmyzhskogoe deposit in 2021

The first deputy minister of Natural Resources of the Khabarovsk region Vyacheslav Kovalyov met the CEO of Amur Minerals Thomas Bouwens. They discussed of cooperation during the development of Malmyzhskogoe gold-copper-porphyry deposit. Thomas Bouwens thanked the government of the Khabarovsk region for the support of the investment project and expressed his determination to continue the…

Metals of Ukraine & Russia: round billets (ordinary steel), March 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056*

min

max

February

278

281

March

270

321

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: AMKR held shareholders meeting

ArcelorMittal Kriviy Rih hosted an annual shareholders meeting.

According to the reports, last year AMKR received 46.26 billion UAH of net income, with net profits totaling 1.38 billion UAH. Shareholders decided to spend the profits on the company development.

The shareholders meeting at AMRK is held annually not later than April 30. (Ukrainian metal)

Ukraine: EMSS to produce back up rolls for Mariupol Ilyich

Energomashspetsstal will produce a batch of back up rolls for Mariupol Ilyich Iron and Steel Works.

According to the company statement, EMSS will produce 12 back up rolls for hot- and cold-rolled mills. The total weight of the rolls to be delivered this year is 240 tons. (Ukrainian metal)

Ukraine: VostGOK ends 2015 with profits

In 2015 Vostochny Mining and Processing Works received 13.27 million UAH of profits.

According to the Ministry of economical development and trade, the company CEO salary in 2015 totaled 462.6 thousand UAH. Alexander Sorokin has been the general director of VostGOK since 2008. The company produces 3.3% of the world uranium. (Ukrainian metal)

Russia. Severstal. Annual Report 2015

[sociallocker id=7238]Russia. Severstal. Annual report 2015[/sociallocker]

Ukraine: ZALK reelects supervisory board

Shareholders of Zaporozhye Aluminum Works have dismissed Anna Matis from the office of the supervisory board chairman and appointed Natalia Pavlyuk, a representative of the State Property Fund, instead. According to the company statement, Alexei Arnautov and Jana Tikhonova, as well as the State Property Fund representatives Natalia Kharina, Irina Lepyavko, Anastasia Mankovskaya and Svetlana…

Ukraine: coke output up in March 2016

In March Ukraine produced 1149 thousand tons of 6% moisture bulk coke, up by 7.3% MoM, or by 78 thousand tons.

According to Metallurgprom, in January-March bulk coke output increased by 35.2% YoY, or by 861 thousand tons, to 3310 thousand tons. (Ukrainian metal)

Ukraine: Stalkanat-Silur reelects supervisory chairman

The supervisory board of Stalkanat-Silur has reelected Vladimir Nemirovsky its chairman.

According to the company statement, Nemirovsky has been in this office since June 27, 2014. He owns 50% shares of the company. His office has been extended for 3 years.

Russia: Moody’s upgrades MMK rating to Ba1

Magnitogorsk Iron and Steel Works announces that Moody’s Investors Service has upgraded the company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK…